Yes, it’s true! Rental property scams are a thing and can happen to anyone! Official government websites have repeatedly asked renters to be super sure of the identities of the people they deal with. Online trading and renting of residential properties are major reasons why the scam game within the rental industry has increased. In the coming years, while more people try to grapple with the concept of renting houses through online channels, they are most likely to come across scammers who misrepresent their identities online.

The Federal Trade Commission has warned renters against the many online property scams quite common online. From fake listings to marketing non-existent rentals, several scams have been pulled on renters and tenants alike to extract online payments from them.

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The usage of niche-specific language and abbreviations is well-known in the real estate sector. If you’re purchasing a property for the first time or just getting started in real estate investment, you’ll undoubtedly come across terms you’ve rarely heard before.

As a rental landlord, you should be familiar with the most important property management and rental investing phrases. These real estate words can assist you in becoming a successful investor or landlord.

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Not everyone follows the golden rule of honesty in their rent application. For some reason or another, some renters lie in their applications. Although we choose to believe they lie to get a place to live successfully, you can’t overlook the risks inherent in fake applications.

As property managers, we screen landlord references every day. While some are beautifully drafted as a testament to a tenant’s character, others are plain lies written by a fake landlord. It’s difficult to distinguish between a fake and an authentic landlord reference, but it’s not impossible.

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