Real-estate scams - Rental listing scam

Australia is in the midst of a rental crisis, so it’s not surprising that scammers are taking advantage of the more vulnerable and, in some cases, desperate renters looking for somewhere to live.

Rental listing scams advertise a fake rental listing or advertisement, usually with a real address, for a property that isn’t available for rent.

These criminals then convince would-be renters to sign a forged tenancy agreement and hand over money for a bond for a property sight unseen.

It’s common that these scam ads are on free listing sites like Facebook groups, Facebook forums, Facebook Marketplace, Gumtree, Whirlpool, etc.

Renters looking for a new rental property have been warned to be wary of ads on social media pages and to make sure they see the place in person before handing over any money.
You can also search the address online to see if the property listing is legitimate, and you can contact the real estate agency to verify the information.
Renters should never pay a bond or advanced rent until they’re certain the property (or room) is legitimate.
And when you make any payments, whether they are rental or a bond, ensure they go into the real estate agencies' Trust Account, not to any other bank accounts or even the person's personal account.

RealRenta has all the tools that a property manager has but for less than ¼ the cost of a property manager.

You can now manage your Residential, Commercial or share/student accommodation property

Join now and the cost is less than a cup of coffee a week to manage your rental property.

RealRenta also has a free vision, so why not check it out.

Jason Gwerder
Friday, 17 May 2024

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