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Vacation Rentals Are Scam Bait

By
Services for Real Estate Pros with IDTheftSecurity.com Inc

Although it’s been a mild winter people still get itchy to head out for a ski vacation or a tropical one. Many people are searching online classifieds like Craigslist, eBay, newspapers and real estate listings for vacation rentals.

The most suspect site is Craigslist. I’m fully engaged in Craigslist and continually receive scammy communications from supposed buyers. This means scammers are on the site as buyers and sellers full time.

Certainly there are plenty of legitimate ads for vacation rentals however many are suspect. I rented out an apartment I own in the past and a Craigslist scammer set up a duplicate ad with my photos and everything and cut my price in half.

If you choose to engage in a rental and a security deposit is required it is best that you visit the property and hand deliver a check. If you request to visit the property and are denied then the ad is more than likely fraud.

If the property is hundreds or thousands of miles away and visiting isn’t an option then there is a much higher risk. In these circumstances never wire money as there is very little recourse. Using a credit card is a little safer, but no guarantees. Here is where the honor system comes in. Otherwise your best bet is to deal with a real travel site with positive reviews.

Google the person, their email, the title of the ad and/or property you are considering renting. If something negative pops up, beware. If the property address doesn’t exist, beware.

Your best bet is to search listings on local real-estate sites. A licensed Realtor is 1000 times safer than blindly using Craigslist.

Robert Siciliano personal and home security specialist toHome Security Source discussing scammers and thieves on The Big Idea with Donnie Deutsch. (Disclosures)

Gene Mock
Associate Broker ~ Premier Team, KW Realty - Leesburg, VA
GRI, CRB, CRS, ABR, CIPS, TRC, SFR, SRES

Hi Robert,

I't looks like the scammers are always one step ahead of the consumers.  Thanks for putting a light on the subject.

Mar 22, 2012 12:34 PM
Elite Home Sales Team
Elite Home Sales Team OC - Corona del Mar, CA
A Tenacious and Skilled Real Estate Team

It is so easy to get scamed when trying to get the best deal.  If it sounds to good to be true it probably is.

Mar 22, 2012 12:43 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Not only vacation rentals, but regular Craigslist rentals as well Robert.  It's the latest growth industry.

Mar 22, 2012 09:20 PM