I think I’ve fallen victim to a property scam, what do I do now

If you notice something is amiss on your credit card statement, bank statement, or even your credit history, report it immediately.

It’s important to notify the appropriate agency (this will depend on the type of scam - it could be your bank, the ACCC Scam watch, ASIC, Centrelink/Medicare, or the Police) so they can investigate and warn others who might fall victim to the same scam.

Note: When it comes to property investment, it's important to be aware of potential property scams.

Before passing over money, make sure to verify the person you are sending it to, verify what it is for and that the bank details are correct.

Failure to do so can see you lose your hard-earned money forever.

At the same time, before making any investment, make sure that you get independent advice from someone who takes a holistic approach and who has nothing to sell other than advice.

After all, knowledge is power and while it’s often said that experience is the best teacher, in my mind you have too much to lose getting it wrong in property investment.

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
Tuesday, 28 May 2024

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