First Midwest Rentals
Caution: Rental Scams to Avoid When Choosing Apartments in Rockford, IL
Finding a nice affordable apartment in a great location is not the easiest of tasks. It requires a lot of time and effort and can be pretty overwhelming. There are always people out there ready to take advantage of you when you are confused and, therefore, vulnerable. When looking for their next apartments, renters share sensitive information and pay a lot of money upfront, which can be tempting for scammers. According to a recent report published by our research team, an estimated 43.1% of renters have encountered a listing they suspected was fraudulent, and a whopping 5.2 million U.S. renters have lost money from rental fraud. To help you avoid becoming another victim of rental scammers, we put together this guide with tips on spotting and avoiding rental scams.
What are Rental Scams You Can Find in Apartments in Rockford IL?
A rental scam is a fraudulent activity by a person who claims to rent a property that isn’t their rental, doesn’t exist, or is their rental but is different from what’s advertised. The main goal of apartments in Rockford, IL rental scam-artists is to collect money in the form of application fees, pet fees, security deposits and rent from a prospective tenant without providing the advertised rental property. To avoid rental scams, you have to know red flags to watch out for when looking for an apartment.
A scammer shows an apartment to prospective renters, collects application fees and never rents it out. Some of those properties can be on the market for years without ever being rented. In fact, oftentimes the con-artist rents the property himself. A fraudster creates fake listings for places that don’t exist or aren’t for rent. A property advertised is not the same property that the victim is signing a lease for. Sometimes victims are even shown the apartment, but it’s different from the one stated in their contract. A fake landlord posts advertisements for a real property with altered contact information. Homes for sale are often re-listed as rentals in this type of fraud.
A scammer collects application fees and/or security deposits for a rental property that is already leased.
A real rental property is advertised as having amenities it lacks in order to collect higher rent. The landlord attempts to get renters to sign the lease agreement before they notice the missing amenities.
The person who posted a listing is away on a business trip or vacation abroad. This is a very common type of fraud. A person tells you they are out of the country and can’t show you an apartment. They’ll offer a lower rent for your inconveniences, they might also send you fake keys, as long as you pay that security deposit before signing a lease. The price is too good to be true for apartments in Rockford, IL.
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