Renting on Craigslist . .Risky Business

By
Real Estate Broker/Owner with Maxus Realty Group - Broker 301-246-0001 Broker - Realtor - CEO
(Advice via email to one of our clients inquiring about  renting using Craigslist)
 

Renting on Craigslist.

 
I always have a sense that the person in the other end. . maybe scamming me when I use Craigslist.
 
Before you GIVE ANY MONEY to a person. . make sure it is THE ACTUAL OWNER of the house
Call me. .its a quick check on public records to see if they match the actual landlord's name
 
I'm particularly  careful when the person you are dealing with is out of the country or out of state. .be extremely careful
 
Also, you'll need to make sure that the homeowner has paid his mortgage,
Why?
Because in  4-6 months the house could be foreclosed. .then your right as a tenant disappears together with your deposit!
 
Not to say that there are no legitimate landlords on Craigslist. .
Just do not sign any contract without calling me first. . allow me to check the contract first . .

 
Good luck and hope this helps. .
 
Fernando Herboso Broker - Solutions Finder
"Don't Pray For A Miracle. . .expect it!
 Herboso & Associates llc 
Office 301.968.0555
Cell    240.426.5754
Fax    888.913.3535
My real estate knowledge is always up-to-date. For expertise you can depend on, call me when you have questions about the market or are ready to make a significant move. . .Quality representation is not expensive, its priceless!
 
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Rainmaker
182,804
Joan Congilose
New Jersey Properties - Manalapan, NJ
Helping Sellers & Buyers

This is a very common problem in our area. These scammers copy listings from mls,and other real estate websites, post them on Craigs list and pretend to be an out of the country owner offering the property and a significantly lower price . Now I always check to see if my properties are being scammed. No matter how many times you report it,  it just keeps recurring. 

Mar 05, 2012 09:24 PM #1
Rainer
123,179
Lanise Warrior-Johnson
Real Estate Brokers Services, Inc. - Compton, CA
Real Estate Specialist

Great advice.  I'm working with a client who is listing her short sale property with me in Los Angeles, and is curently looking for a rental.  When she responded to an advertisement, the respondent indicated that he was the "owner" and lived in Thailand, requesting a deposit to be wired. Even with the new features on Craigslist to prevent scams it continues.   

Mar 05, 2012 09:36 PM #2
Rainmaker
4,432,726
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

This is great advice for consumers. There are lots of scams on the internet.

Mar 05, 2012 09:42 PM #3
Rainmaker
748,496
Rob D. Shepherd
Windermere/lane county - Florence, OR
Principal Broker GRI, SRES

I am on the other side of this issue. I am a landlord and have done great with Craigslist. Renters in our town need not worry much. We never have more than 6-7 repo's out of 400+ listings. Your point is VERY valid in a lot of areas.

Mar 05, 2012 09:59 PM #4
Rainmaker
1,268,064
Al & Peggy Cunningham, Brokers
RE/MAX West Realty Inc., Brokerage - Brampton, ON
Our Family Wants To Help Your Family!

It is truely unbelievable out there Fernando. You are offering your clients a valued service here.

Mar 05, 2012 10:04 PM #5
Ambassador
2,803,318
Dick Greenberg
New Paradigm Partners LLC - Fort Collins, CO
Northern Colorado Residential Real Estate

Hi Fernando - We see a lot of rental scams on CraigsList here. Great idea for a service to offer renters - many of them will eventually become buyers and should remember your help in avoiding a potentiall costly mistake.

Mar 05, 2012 11:49 PM #6
Rainer
144,110
Lydie Ouellet Dickinson
Realty Executives Tri County, Bellingham MA - Bellingham, MA
Realtor

I have never been fully comfortable with that service when it comes to rental. Great post Fernando : )

Mar 06, 2012 11:33 AM #7
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Fernando Herboso - Broker for Maxus Realty Group

301-246-0001 Serving Maryland, DC and Northern VA
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