hysterical hobby: Home Rental Scams in Riverside, CA

Rent Sense: Renters Beware
By Neil Fjellestad & Chris De Marco
FBS Property Management

You?re calling off a For Rent sign or responding to a rental ad but do you know the person or company offering the rental home? We are alarmed that avoidable scams continue to hurt rent consumers. Sixty-eight percent of existing and potential renters we surveyed indicated that they prefer renting from a property management company because they can check on the internet or with the BBB to verify their standing in the business community. Here are additional tips:

• If the ?owner? is willing to rent out their home at a price that?s extremely low for the market, ask why. This might seem like a great deal but you need to verify all parties to this transaction.
• The ?owner? is willing to rent based on your word and a few unverifiable references as opposed to standard rental application qualifications. Again, this might seem like a lucky break for you but verify all parties.
• Even though there might be a legitimate ?urgency to act now? felt by all parties there is still time to complete the transaction properly.

• Every rental (real estate) transaction is subject to local, state and federal housing regulations.
• Consider using a real estate professional who is knowledgeable about rental transactions as opposed to an independent owner.
• Real estate professionals must be licensed with California?s DRE to transact leasing documents and collect rents.
• A rental agreement longer than 30 days must be in writing and should be on a standard form with terms that are compliant with California landlord-tenant law.
• Read the lease carefully and ask questions.

Source: http://www.trulia.com/blog/neilfjellestad/2012/09/home_rental_scams_in_riverside_ca

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Source: http://hysterical-hobby.blogspot.com/2012/09/home-rental-scams-in-riverside-ca.html

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