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Rental Scams

How rental scams work

Typically, the fraudster posts a fake ad on social media, such as Facebook, Twitter, or Craigslist in order to lure those looking to rent a property. 乐竞体育全站se ads can look very professional and may even be actual photos of the property. In reality, the fraudster has no connection to the property whatsoever, but the ad will ask for an upfront payment as a deposit to see the property, or go even further to ask for a month鈥檚 rent and security deposit in advance, with the promise that your money will be held in escrow at a title company. In actuality, the money that you will send goes to a fake title or escrow company.

Tips on spotting a rental scam

  • 乐竞体育全站y don鈥檛 want to meet you in person.
  • 乐竞体育全站y want you to move in immediately, without ever seeing the property.
  • 乐竞体育全站y ask for rent or a security deposit before signing a lease.
  • 乐竞体育全站 price is too good to be true.
  • 乐竞体育全站 listing has typos, poor grammar, or excessive punctuation.
  • 乐竞体育全站re is no screening process by the scammer.  
  • 乐竞体育全站 scammer wants you to sign an incomplete lease.

How you can protect yourself

Be skeptical of anyone asking for money upfront for you to see a rental property. Make sure that you are actually communicating with the property owner or a legitimate licensed real estate professional. You can find out the owner鈥檚 name and property information on the county assessor鈥檚 website where the property is located, and you can verify a real estate broker鈥檚 license with the Colorado Division of Real Estate on their license look-up page. Make sure those persons are who they say they are and verify their identity and contact information.

Stay away from doing any rental transactions over the phone, by email, or on the internet, as you need to meet in-person with the owner or the owner鈥檚 real estate agent, as well as physically visiting the property. Do not send any money without completely verifying that it is going to the correct and legitimate place.

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