One of the most common scams these days is the ‘vacation rental con’. Thanks to the rise in popularity of AirBnB, there’s more interest than ever in renting someone’s house. I’ve done it many times and have never had a problem – including last fall when we rented a beautiful house in Palm Springs, pictured above, via Vrbo.
One of the main things to watch out for “are listings for properties that either aren’t for rent, don’t exist, or are significantly different than pictured. These con artists lure in vacationers with the promise of low fees and great amenities. The “owner” creates a false sense of urgency – such as telling potential clients that another vacationer is interested in the rental – to get payment up before doing sufficient research or questioning the legitimacy of the ad.”
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There’s a lot of talk about this on my local NextDoor app and it turns out, scammers just copy “for rent” ads and their pictures from other websites and repost them on Craig’s List or other marketplaces with very low pricing. One neighbor says it “happens all the time.” Here are five ways to protect yourself from falling victim.
1. If the deal sounds too good to be true, it usually is the case.
2. Don’t rent a house on Craigslist or Facebook Marketplace or any other site that doesn’t protect you. I would stick with the major players like AirBnb and Vrbo.
3. Talk with the owner by phone and do it via FaceTime so you can see their face and the property. The BBB says: “If you are not using a service that verifies properties and owners, do not negotiate a rental solely by email. Many scammers don’t live locally. Speaking with the owner on the phone, asking detailed questions about the property, and local attractions will clarify if the listing is true. An owner with vague answers is a clear red flag.”
4. Check public records. The BBB also recommends investigating online by looking up the address and using Google Street View to confirm the property matches the one advertised. “Also, verify distances to beaches, attractions and airports while on the site.”
5. Always pay with a credit card. Don’t wire money or use a prepaid debit card. “These payments are the same as sending cash. Once the money is sent, there is no way to get it back. Paying with a credit card the charges can be disputed and dramatically limit liability from a fraudulent purchase.”
Renting a house can be an amazing experience but if you fall victim to one of these scams, then it will be the complete opposite. Just follow the advice from the BBB, listen to your gut and pay with a credit card and you should be fine.
I’ve used redweek.com with good results for a timeshare week. I reserved and called the resort to be sure the owner had a confirmed week (even though she had already sent me a confirmation number). This was several years ago before Red Week did their own vetting and confirmation of rental weeks. But they have a good website with customer reviews.
I got scammed on an Expedia VRBO listing to rent an apartment in Dallas. The apartment leasing office told me that person no longer rented there so there is no VRBO rental and that she done that at least 3 times after being evicted. I called VRBO and Expedia and no one could help me. Luckily I paid with a credit card so I disputed the charge. The people who do fake rentals need to go to jail and be accountable for their crimes.
VRBO and Houzlet are not free of scams either. My wife was scammed by Houzlet last year through VRBO which allowed the scammer to post on their website as well. Neither company every got back to us except to send us an email informing us the rental had been cancelled. The important thing to keep in mind here is neither VRBO nor Houzlet did anything to help us or prosecute the scammer. So consider this when you look on VRBO and Houzlet, they do not have your back and they do not engage in good business practices. I have the documentation to back up what I’m saying. We lost no money in the scam because we paid by credit card and Capital One refunded our $3,500 down payment, but the fraudsters got away scott free. Never pay for a rental downpayment except by credit card!
Agreed