People who claim a rental under false circumstances end up being the downfall to many wonderful landlords. Even the most intelligent can be sucked in by someone who is a good con artist. People who are acting in a criminal nature can be very charming and manipulate others without anyone catching on. While not everyone who acts this way automatically becomes a criminal, there are a few things that should send up a red flag or two. Here are some tips to look out for.
1. Bringing Their Own Credit Report. In today's world, anyone can use a program that edits documents to the point that you may not be able to recognize it as fake. While some people who bring their report in are just trying to be nice and save a little money, it is always good to double check what the companies actually say about them. It's very possible they don't have a good credit history and are trying to hide that.
2. Cash Up Front. While having some cash up front isn't odd, you need to exercise caution and common sense. If your client is offering you six months' rent up front and is ready to move in immediately, you're going to want to check up on them. Most people don't carry that much money around and just because someone has a large lump sum doesn't mean they have a steady cash flow, which is what you should be looking for. Dig deeper into their work if someone gives you an offer like this, no matter how tempting it may be.
We want to make sure that you are protected, especially at this time of the year. Always check up on people and make sure that they are who they say they are because you unfortunately just never know what someone is trying to do.