Renters Beware!

If you’re looking for rentals, be careful! Scammers are finding homes for sale on-line, looking up the owners in public property records and posing as them, making the homes appear as if they are for rent on sites like Craigslist, Trulia and Zillow. Then they list the monthly rent well under the average rate for the area and wait for the inquiries to pour in. At the very least, they try and gather a lot of personal information, but their goal is to collect a deposit from their victims.

Here are some red flags to look for when searching for a rental:

1. The monthly rent seems too good to be true

2. They only communicate through text and email

3. They claim to be out of state and unable to meet in person or show the property

4. Your instincts are telling you something isn’t right

Just recently, the Matrix, Colorado’s for-sale property database used by real estate agents, has started listing rentals in addition to properties for sale. It’s just a few months old, so it won’t be as comprehensive as some other sites, but at least you can trust they’re bona-fide rentals. Check with one of our agents and see if one of us can help!

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