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May 30, 2020

Don’t be a victim! Here are 3 easy ways to avoid rental scams.


It’s unfortunate that there are individuals out there looking to take advantage of innocent people. 

rental scams are quite common. Just like with all investment’s scams, so you need to protect yourself when looking for a property to rent.

 

Here are a few steps you can take to keep yourself and your finances safe from harm.

 

Don’t fall for unrealistic deals

You’ve heard the old adage, “If it sounds too good to be true, it probably is.” This principle applies very well to rental scam safety.

No landlord would offer you a property ridiculously lower than what the market rate is.

 

Do your research

Whether the property you’re looking into is rented by an individual or by an agent you can probably verify their identity using the internet. Google and popular social media platforms are great places to start.                                                                                                                                       

If they are an agent, look online for a website or social media presence. If either or both of those exist, dig even further and look for past tenants’ reviews of the company

 

Don’t send money in unusual ways (Avoid cash if you can)

 

If a landlord or an agent is asking you to send money via Western Union, bitcoin or a asking too many questions about your account detail, you should decline. Bank transfers are safer than cash handovers as, they are easier to trace.

If you have done all your homework and are making payment, ask for a receipt or prove of payment.

Renting.ng never facilitates payments or lease transfers. If you are ever approached by a anyone claiming that renting.ng is facilitating any part of a financial transaction, you should cease all communication with that person and report the incident immediately.