6 signs your vacation rental is a scam
It’s that time of year when so many of us are planning vacations and booking a rental. Sadly, scammers are very aware of that, and they’re always changing their tricks to fool people out of their money, rentals — or worse.
One of the most prolific thieves scammed people out of $7 million over just two years. He listed 100 properties across the U.S. and accepted 10,000 offers. His bait-and-switch schemes worked … till he got caught.
Being familiar with the red flags can save you from being a victim. And that’s why I’m here today — to give you the know-how.
1. Suspicious photos
Does the picture of that beachfront property look like it’s straight out of a pricey photoshoot? Images that are just a little too polished should raise your eyebrows. Try a reverse image search to see if a pic pops up elsewhere online. How? Open a pic, right-click on it, then choose Search Image or similar in your browser.
2. That doesn’t add up
Some hosts list a property at different price points on multiple platforms. The highest bidder wins, so your stay could get canceled if they find someone who’ll pay more. But wait — it could also be a “phantom rental.” In this scheme, crooks cook up a completely fake listing using a bogus address and photos and run away with your money.
3. Under pressure
When you’re rushed into making a decision, you’re more likely to overlook serious flaws in the listing. A legitimate host won’t rush you into sealing the deal.
4. ‘Can you send me a gift card?’
Always pay through the rental site. Secure payment methods include debit, credit and sometimes a direct bank transfer. Never pay using gift cards, a cash app, crypto or a certified check.
5. Too good to be true
Stuck at home? Make sure your vacation property is safe without having to travel
Do you own a second home? It’s pretty common to own a vacation home or rental property. In fact, it’s estimated that nearly 7.5 million Americans do.
With coronavirus (COVID-19) fears and travel restrictions ramping up, you might not be able to take that trip you were planning anytime soon. These are strange times and you might be worried about your other property if you can’t travel there.