How Landlords Can Protect Themselves From Rental Listing Scams in 2024?
If you’ve owned rental properties in Portland Oregon for some time, you know that rental listing scams are always a possibility because criminals are constantly looking for ways to break the law.
Thankfully, rental listing scams can be avoided, especially if a landlord knows what steps to take during the tenant screening process.
In this article we will share with you several tips that landlords can use to protect themselves from rental listing scams.
How Owners Can Protect Themselves From Rental Listing Scams
Owners can take several steps to protect themselves from rental listing scams:
Verify Tenant Identities:
Request thorough tenant applications, including references, employment details, and previous rental history.
Verify the provided information by contacting references and employers.
Use Reputable Platforms:
List the property on reputable rental platforms or through established real estate agencies.
Be cautious of using unfamiliar or less-known websites for listing.
Meet in Person:
Schedule in-person meetings with potential tenants.
Be wary of tenants who are unwilling to meet face-to-face.
Beware of Red Flags:
Watch for red flags such as Oregon tenants rushing the process, offering to pay a large sum upfront without seeing the property, or providing incomplete or suspicious information.
Check Payment Methods:
Be cautious of tenants wanting to pay large amounts via unconventional methods or wire transfers.
Prefer secure and traceable payment methods.
Use Background Checks:
Conduct thorough background and credit checks on potential tenants.
Utilize tenant screening services if available.
Stay informed about common rental scams and be vigilant for new tactics scammers may use.
Keep detailed records of all interactions with tenants.
Ensure that lease agreements and payment receipts are well-documented.
Be Skeptical of Unsolicited Offers:
Be cautious if someone contacts you claiming to be interested in renting without having seen the property.
Seek advice from real estate professionals or legal experts to ensure your rental process is secure and compliant with local laws.
Remember, vigilance and due diligence are key to avoiding rental scams. If you suspect fraudulent activity, it’s essential to report it to the relevant authorities.
Know When It’s Time To Hire A Property Manager
Let’s face it, as a landlord you’re busy managing your rental properties and growing your business. This means that you don’t have enough time in your day, especially when it comes to dealing with rental listing scams.
Thankfully, hiring a professional property management company like Portland Rental Management can help!
Our team has decades of property management experience that will save you the time, hassle, and effort of managing properties yourself.
To learn more about the services that we can offer you, contact us today by calling (503) 791-4610 or click here to connect with us online.