Prospect renters continue to be victims of rental scam in Miami, Florida. Vacant properties that are listed for sale and rent are the target of many unscrupulous individuals that by duplicating actual listings create confusion and sadly succeed in taking renters money.
Renters please beware!
Red flags that indicate rental scam:
1. Low price compared to similar properties in the neighborhood. Too good to be true, it usually is.
2. No questions asked about income, credit, criminal background,
number of family members, an over-all inappropriate "no problem"
interview that any Realtor or Landlord will usually conduct over the
3. Easy terms to move in, low or no security deposit or last month's rent.
4. Unable to meet you to show the property, may be able to provide
you with lock box combination so that you may go visit on your own.
5. Out of City/County phone number.
6. Asks to wire money in exchange of the keys to the property.
DO NOT wire money to secure a rental even if a low amount to someone who has only engage email communication with you.
7. Repairs needed on the property or missing appliances that the tenant will have to assume cost.
8. Check for duplicate listings, google the address of the property to find if the property is listed for sale or rent by someone else.
Finally, I would like to add that visiting a "Real Estate"
office or meeting with a "Real Estate" agent does not exempt you from
becoming a victim of rental scam, you must check the credentials of every
"agent" which is easily done by visiting the web page of the DBPR www.myfloridalicense.com make
sure the licensee is who they say they are and that they do hold an
active real estate license.
Have a happy and safe 2014!
A Landlord should always hire a Realtor to secure a Tenant, here are some very important reasons:
1. A Realtor is familiar with the current market rentals and can
assist the Landlord to conclude the best/highest price for the property.
2. A Realtor places the rental in the market at no initial cost to
the Landlord (using superior marketing resources) which otherwise can
spend hundreds of dollars in advertising.
3. A Realtor may already have in hand a number of qualified
prospects for the rental therefore saving the Landlord time and money.
4. A Realtor can prevent that the Landlord is taken advantaged of by
Tenants who often wish to negotiate and/or modified the terms and
conditions originally established by the Landlord.
5. A Realtor handles the entire process of the rental on behalf of
the Landlord from advertising, showing of the property, tenant
screening, drawing of the lease to collecting the initial funds to move
Miami Realty Services, Inc