How to Spot a Fake Property Rental Listing

ASK COREY

Inquiry about listing

Q: Hi, Corey: I found this privately owned house on Craigslist, but it appears too good to be true and I worry that it’s a scam. The Craigslist ad (https://losangeles.craigslist.org/lac/apa/d/los-angeles-bedroom-bath-full-house-in/7626404699.html) leads to a Google form (https://docs.google.com/forms/d/e/1FAIpQLSdEoa8rrNWLDirWigK2FoyXVXeCoubcWFxR5VVNq_X1LlXdAg/viewform) that appears innocuous but I have read a lot about people getting scammed on rental websites. The house is also listed on Zillow (https://www.zillow.com/homedetails/3219-Darwin-Ave-Los-Angeles-CA-90031/20638602_zpid/). Do you think that this is a real listing? If so, I think I will apply. I appreciate your professional opinion on this. Thanks,Emily

A: I don’t recommend applying for a rental property online without first seeing the property and the owner/manager/agent.  Legitimate property owners usually offer a viewing first, while scammers prefer to force a payment or an application first.

There’s a small chance it could be legitimate. You might want to try requesting a viewing, and try contacting the owner’s email and asking for their contact info.  Then, I can verify the contact info for you if you’d like.

It is generally not recommended to complete an application, pay or provide personal information online without first visiting the property and meeting with the landlord or property manager. Often, scammers will insist on rushing through the process, avoiding in-person meetings, or showing the property.

Online applications can be legitimate, but they should only be filled out after you’ve had a chance to tour the property and confirm the legitimacy of the listing. Direct interaction with the landlord or property manager, seeing the property first-hand, and not rushing through the rental process are crucial steps in avoiding scams.

Additionally, if a rental seems too good to be true, or the rental process seems too easy or fast, those could be red flags. As always, caution and due diligence are important when navigating the rental market.

They are also failing to provide contact information in all of the listings and web pages, another major red flag. Legit owners/managers/agents usually try to provide contact info whenever possible.

A legitimate landlord or rental agency will typically provide a way to contact them directly, whether that’s through a phone number, an email address, or even a physical office location. The total absence of contact information is indeed a red flag and could be indicative of a scam.

Without a way to directly reach out to the individual or organization, it becomes much more challenging to verify the legitimacy of the listing or to ask questions about the property or the rental process. It also makes it more difficult to arrange a viewing of the property.

This, combined with the online application before a viewing, should definitely raise suspicions. It’s essential to approach this kind of situation with caution and to consider looking at other properties where the landlord or rental agency is more transparent and communicative. For Craigslist listings with multiple red flags, click to flag the listing in the middle top of the Craigslist property page.

For the property in question, it turned out that the home was available for lease by legit owners, but they were attempting to minimize the number of non-serious inquiries. They had the price a bit low because they like to receive plenty of applications so that they may be choosy for just the right tenant. That may or may not be a wise business decision, costly for the many applicants, who must waste $35 to $40 each for lots of applications and credit reports. It may also be costly for the landlord as far as missing many good renters who did not apply due to a lack of contact information, lack of communication and missing offer to view the property for Craigslist users.

The search for a new home can be both exciting and overwhelming, particularly in the digital age. While the internet provides an abundance of resources and opportunities to find your perfect place, it also opens the door for scammers and less scrupulous landlords looking to take advantage of eager renters. In this guide, we’ll share some essential tips on how to spot a fake property rental listing.

1. It’s Too Good to be True

One of the most common red flags is when a listing seems too good to be true. Scammers often entice potential victims with rental rates that are significantly lower than other comparable listings in the area. They may also list amenities or features that are uncharacteristically luxurious for the rental price. If the deal appears too good to pass up, it’s a signal to be cautious. Research similar properties in the area to get a feel for average rental rates and what they offer.

2. Lack of Contact Information

Legitimate landlords, property managers, or rental agencies will typically provide ample contact information, like a phone number, email address, or physical office location. However, scammers tend to avoid sharing this information to make it more difficult for potential renters to reach out or verify their legitimacy. If a listing does not include contact information, or if the contact information provided doesn’t match what you find through independent research, consider it a significant red flag.

3. Application Before Viewing

While online applications have become increasingly common in the rental process, legitimate landlords or rental agencies will typically arrange an in-person viewing of the property before asking you to fill out an application. If a listing insists that you complete an online application – which often includes sensitive personal information – before you’ve even seen the property, be wary. This can be a tactic used by scammers to collect your personal information.

4. Pressure to Act Quickly

Scammers frequently create a sense of urgency to push potential renters into making hasty decisions. If the landlord or property manager is pressuring you to sign a lease, pay a deposit, or hand over personal information immediately, without allowing you time to thoroughly consider your decision, it could be a scam. A legitimate landlord understands the importance of this decision and will give you time to think it through.

5. Upfront Payments

Beware of listings that require an upfront payment before you’ve signed a lease or even seen the property. Scammers often ask potential renters to wire money, pay with a gift card, or use other untraceable methods to secure the property. No legitimate landlord or rental agency would require payment before a contract is signed and they have demonstrated their legitimacy.

6. No In-Person Meeting

In today’s digital world, it might not be uncommon for some conversations with landlords or property managers to take place over email or phone. However, they should always be willing and able to meet in person, especially before signing a lease agreement. If the person you’re communicating with makes consistent excuses to avoid meeting or showing the property, it’s a strong indication of a scam.

7. Poor Grammar and Spelling

While a few typos shouldn’t necessarily discredit a listing, noticeable patterns of poor grammar, spelling errors, or unprofessional language can be an indicator of a scam. Professional property managers or landlords will typically ensure their listings are well-written and error-free to attract serious inquiries.

8. Trust Your Gut

Finally, don’t underestimate the power of intuition. If something doesn’t feel right about a listing, the communication with the landlord, or the rental process – trust your gut. There are plenty of legitimate rentals out there, so don’t feel compelled to settle for a situation that makes you uncomfortable.

Remember, finding a new home should be an exciting new chapter, not a cause for

stress or financial loss. By being informed and vigilant, you can protect yourself against rental scams. When in doubt, take a step back and evaluate the situation. Ask questions, do your research, and don’t rush into any agreements without fully understanding the terms.

9. Conduct a Reverse Image Search

In an attempt to make the listing seem legitimate, scammers might use images taken from other legitimate listings. If the images seem unusually professional, or the property seems too perfect, conduct a reverse image search on Google to see if the images appear elsewhere online. This could help you determine if the listing is a potential scam.

10. Verify Ownership

If you have the opportunity, it can be beneficial to verify the ownership of the property. This could be done through local property tax records or registries, many of which are available online. If the name of the person or company you’ve been communicating with doesn’t match the owner on record, proceed with caution.

11. Use Trusted Platforms

Where you find the listing can also provide clues about its legitimacy. While scammers can target any platform, some websites have strict processes for verifying listings and landlords. If possible, use trusted platforms and always read reviews if they are available.

12. Professional Help

Finally, consider getting professional help if you’re uncertain. Real estate agents, legal consultants, or experienced friends can provide valuable advice and potentially spot red flags that you may have overlooked.

We did some advanced research using special premium person identification, property records search and verification report services (included with the Top Level Tour). It turned out that this L.A. property was legit, but had already received several acceptable applications. So, it ultimately did not offer very good odds for Emily anyway.

Stay vigilant and informed as you embark on your property rental journey. By keeping these tips in mind, you can ensure that you’re well-prepared to spot and avoid potential rental scams. Happy house hunting!

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Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.

Shocking Changes in the Downtown LA Real Estate Market – Find Out How You Can Benefit Now!

DTLA Home Prices Report May 2023

REAL ESTATE NEWS (Los Angeles, CA) — Here’s a detailed overview of the downtown L.A. real estate market as of May 2023, as well as a comparison to the situation a year ago in May 2022. The data have been sourced from the MLS reports, providing accurate insights into the dynamics of the real estate market in downtown LA.

May 2023 Overview

In May 2023, the total volume of sold properties accounted for $24,415,800, with a total of 38 listings sold. The prices for the sold listings ranged from a low of $306,000 to a high of $1,310,000, with a median price at $559,000. The average selling price was around $642,521. The average price per square foot (considering listings with a square footage greater than zero) was $622.02.

When looking at the average days on market (DOM) for each listing, it is clear that most properties were sold within 0-30 days (34.21%), closely followed by those listed for 31-60 days and 120+ days (both 23.68%). Properties listed for 61-90 days and 91-120 days made up a smaller portion of sales, with 10.53% and 7.89%, respectively.

May 2022 vs May 2023

When comparing the real estate market of May 2023 to May 2022, we can see some distinct changes. The total volume of sold properties decreased from $54,858,888 in May 2022 to $24,415,800 in May 2023. The total number of listings sold also decreased significantly from 71 in 2022 to 38 in 2023.

The median selling price decreased from $640,000 in May 2022 to $559,000 in May 2023. However, the lowest price increased from $290,000 in 2022 to $306,000 in 2023. The highest price also saw a drop, going from $3,600,000 in May 2022 to $1,310,000 in May 2023.

The average selling price decreased from $775,512 in May 2022 to $642,521 in May 2023, indicating a softer market. The average price per square foot decreased from $731.78 in 2022 to $622.02 in 2023, following the trend of overall price softening.

The number of listings sold within 0-30 days increased slightly from 59.15% in May 2022 to 59.34% in May 2023, indicating a slightly faster turnover rate.

Market Down

Based on this data, it seems that the downtown Los Angeles real estate market has softened in the year from May 2022 to May 2023. The total market of sold homes in May 2023 was less than half the size of the same period last year, according to market data of MLS areas 23, 42 and 1375. The average and median selling prices, as well as the highest price, have all seen reductions. The average price per square foot has also reduced, aligning with the general trend of a softening market. The number of listings sold decreased significantly, but the turnover rate remains healthy, with a large portion of properties being sold within 0-30 days. This market report indicates a possible buyer’s market in downtown Los Angeles, providing excellent opportunities for prospective homebuyers looking to invest in the area.

Get a free list of large, upscale luxury live/work lofts in Los Angeles for sale or for lease. Fill out the online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | Popular | Luxury
Browse by   Building   |   Neighborhood   |   Size   |   Bedrooms   |   Pets   |   Parking

Copyright © This free information provided courtesy L.A. Loft Blog with information provided by Corey Chambers, Broker DRE 01889449. We are not associated with the seller, homeowner’s association or developer. For more information, contact 213-880-9910 or visit LALoftBlog.com Licensed in California. All information provided is deemed reliable but is not guaranteed and should be independently verified. Text and photos created or modified by artificial intelligence. Properties subject to prior sale or rental. This is not a solicitation if buyer or seller is already under contract with another broker.