Guide to Real Estate Fraud

Spotting Renter’s Fraud

Landlords who become victims or renter’s fraud lose thousands in rent and damages. Fraud occuprs when the facts landlords rely on to give up their legal right to the property are false or deceptive. When a renter applies to rent a unit, the landlord grants some sort of credit to the renter. Fraudalent applications usually have common characteristics that landlords should be wary off.

Unusual name arrangements or names of known personalities like Tiger Woods.
Unusual job titles like lion tamer or if the salary is out of range for the job.
Social security number is omitted or mismatched.
Bank account numbers are omitted, or credit references come from unknown companies.
Use of P.O. box addresses for references
First four digits of the credit card do not match with the bank’s tax ID number.