Testing Rental Scams Via Rental Rates

December 19, 2009 at 6:24 pm | Posted in Tips to Avoid Scams | 1 Comment

One of the strategies of rental scammers is to price the ‘fake’ rental below the average rental rate in a specific market. This allows the scammers to receive as many emails or inquiries as possible.

One way to see if a rental is too good to be true is to look at average rental rates for like properties within that area. rentBits has a rental rates tool that currently offers rental rates for over 4,000 cities in the US.

For example, if you see an ad on Craigslist for a two bedroom home for rent in Phoenix for $400 / mo. You can go to rentBits.com and see that the average rental rates in phoenix are $786. For a 2 bedroom home in Phoenix, the current rental rate is $787 / Mo.

1 Comment »

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  1. Thanks for the heads up. I am a landlord and an email scammer tried to hook me into sending me an amount far greater than I was asking for in hopes that I would deposit his check and send him some money back.

    Who should I report this? Local Police, FTC, FBI, ??

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