Many property inquiries on vacation rental sites such as Rentals2Remember.com are legitimate and result in good rental income. However, there are a few scammers out there that property owners should be aware of. That doesn't mean that you should be afraid to rent on vacation rental sites, but that you should learn some basic tips so that you don't get taken in by one of these crooks!
One of the warning signs of a scammer is someone who poses as a prospective renter who wants to pay for their rental by money order or cashier's check for an amount that exceeds the rental rate, in the hope that you will refund them the difference before you find out from the bank that their money order or cashier's check is fraudulent.
Many of these scams come from overseas. It is important that a property owner ALWAYS makes sure that they wait for funds to clear the bank before ever refunding to any renter.
One of the scams we've recently come across is a scammer who poses as a military officer currently serving in Iraq, who wants to book a rental as a surprise wedding gift for his godson. This person wants to pay by money order, of course. These scammers use a similar script, but different names and rental dates. We have encountered a couple of scammers using this ploy with email addresses ending in "gmail.com".
We've also seen multiple scams from England from scammers who pose as a representative for a Christian group that wants to make accommodation bookings. We recommend that you are cautious with this type of inquiry.
We feel it's important that these scams are exposed so that fewer people get taken in by these schemes. Just remember to beware if someone wants to pay for a rental with a cashier's check or money order, particularly in an amount that exceeds your rental charge. If you ever accept this form of payment, it is wise to wait to ensure that funds clear through your bank before any other transaction is made with your renter.
Author, Tamara Camden, http://www.rentals2remember.com/
Thursday, March 27, 2008
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