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August 2018

Found 1 blog entry for August 2018.

by Nicole DeCenso

Rental fraud is an unfortunate yet common experience for many renters. A new survey from Apartment List reveals that an estimated 43.1 percent of renters have encountered a listing they suspected was fraudulent, and 5.2 million U.S. renters have lost money from rental fraud. For comparison, a lesser 41.5% of renters in Phoenix reported having come across a real estate scam while 2.4% lost money because of it. Rental fraud occurs when someone claiming to be a property manager or landlord, in certain cases the actual landlord, tries to rent a property that doesn’t exist, isn’t their rental or is substantially different than advertised. Of renters who encountered a listing they suspected was a scam, 85.2 percent ignored these listings or

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