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 avoiding 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 or an indication of poor service.

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, our research indicated 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!

Get a free list of affordable rentals in Downtown, Los Angeles or any California neighborhood. Fill out my online form:

LOFT & CONDO LISTINGS DOWNTOWN LA [MAP]

  Lofts For Sale     Map Homes For Sale Los Angeles

SEARCH LOFTS FOR SALE Affordable | PopularLuxury
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.

Downtown Los Angeles Rental Income Properties Market Report April 2023

A Comparative Analysis: Lease Market Reports April 2022 vs April 2023

REAL ESTATE NEWS (Los Angeles, CA) — Real estate market trends are ever-changing and continually shaped by a myriad of factors. For the most reliable insights, it’s vital to compare current conditions with historical data. Today, we’ll look at the changes between the lease market reports of April 2022 and April 2023. These reports provide valuable insights into how the lease market has evolved over the year. Rent prices are up!

Number of Listings

The first noteworthy difference between the two years is in the number of leased properties. In April 2022, there were 88 listings recorded under the Leased SP and Leased LP categories. However, by April 2023, this figure had dropped to 63, representing a significant decrease of approximately 28%.

Days on Market (DOM)

In April 2022, the average DOM was 57 days, with a median of 30 days. This suggests that half of the properties were leased within a month, while others stayed on the market for almost two months on average.

Contrastingly, in April 2023, the average DOM reduced slightly to 51 days, while the median increased to 47 days. This implies that most properties were leasing in approximately one and a half months, which suggests a somewhat slower but more consistent pace of leasing compared to 2022.

Leasing Price Trends – April

2022 Leased price median $2,874; average $3,143
2023 Leased price median $3,100; average $3,429

In terms of leasing prices, we see some interesting trends. The lowest leasing price reduced from $1,850 in April 2022 to $1,300 in April 2023, providing a more affordable entry point for tenants.

On the other hand, both the highest and median leasing prices increased over the year. The highest leasing price rose from $7,520 in April 2022 to $8,500 in April 2023, marking a 13% increase, while the median price experienced a moderate increase from $2,875 to $3,100.

The average price per square foot saw a slight increase from $3.33 in 2022 to $3.42 in 2023, indicating that on average, tenants are paying a bit more per square foot than in the previous year.

SP%LP (Selling Price to List Price) Ratio

The Selling Price to List Price (SP%LP) ratio is a vital indicator in real estate, showing how much of the list price was received on average. In 2022, the overall average SP%LP ratio was 99.89% for leased SP. In 2023, this ratio experienced a slight increase to 100.06% for leased SP. This indicates that properties, on average, were leased at their listing prices or even slightly higher, suggesting a favorable market for property owners.

The comparison between the lease market reports for April 2022 and April 2023 offers intriguing insights. Despite a drop in the total number of leases signed, the leasing price exhibited a mixed trend. The lowest leasing price dropped, while the highest leasing price rose, indicating a broader range for potential tenants.

The increase in the SP%LP ratio in 2023 shows a market more favourable to property owners, despite fewer total transactions. Furthermore, the shift in DOM suggests that while properties might be taking a bit longer to lease, the process is more consistent compared to the previous year. As market dynamics continue to evolve, monitoring these trends will be critical for both landlords and tenants.

The numbers show continuation of an alarming trend: The rich are getting richer, while the poor get poorer. The middle class is generally stagnating or falling. The high-end properties perform better while the more affordable properties flounder. This is not a good sign for the middle class. It’s a warning that mediocrity is less desirable — an impetus for Loft Blog reader to work towards increasing wealth, as the middle class gets taken.

With average and median rents up significantly from the same period last year, yet fewer transactions, stagflation is alive and well. We see economic stagnation and consumer price inflation reflected in Downtown and nearby loft neighborhoods rent increases per MLS real estate professionals Multiple Listing Service in areas 23,42 and 1375.

Get a free list of large, upscale lofts. Fill out the online form:

Already leased in West Hollywood

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.