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.