Financial Fraud
Rental Scams
Fraudsters advertise a rental property they do not own to collect application fees, security deposits, and rent from unsuspecting victims.
How It Works
- A scammer copies a legitimate rental listing (photos, description) and re-posts it on a different site, often at a lower, more attractive price.
- When you inquire, they claim they are out of town or unable to show the property in person for some reason.
- They create a sense of urgency, saying many others are interested, to pressure you into making a quick decision.
- They ask you to wire money for a security deposit or first month's rent to "secure" the property without you ever seeing it or signing a proper lease.
Red Flags
- The rent price is significantly lower than similar properties in the area.
- The "landlord" is unable or unwilling to meet you or show you the property in person.
- You are asked to wire money or pay with gift cards.
- Pressure to make an immediate decision and send money without a formal lease agreement.
Prevention Tips
- Always insist on seeing the property in person before paying any money.
- Do a reverse image search on the property photos to see if they appear in other listings.
- Never pay a security deposit or rent with cash, wire transfer, or gift cards.
- Be wary of landlords who are "out of the country".
Example Scenario
"You find a great downtown apartment listed for $1,200/month. The "owner" emails you that they are on a mission trip overseas but will mail you the keys as soon as you wire the $1,200 security deposit."