The Latest Scam: Leasing Your Property – Part Three

Founder/Managing Partner Lamar Hunt Jr. has seen a lot in his real estate investing years and he knows it’s hard enough to make money in real estate without having to deal with scams and crooks. One scam he has heard about recently is the fake leasing agent. The way this happens is that you are leasing a property and it’s vacant. A con artist will pose as your leasing agent perhaps by running fake ads and meet people at the property. The con artist may have a key to get in and will show the property to dozens of potential renters. Of course no matter what the credit issues or problems of any potential renter, the fake leasing agent will collect as many applications as they can before moving on to another property. The criminal may also collect a few deposits if they can. By the time he moves on, dozens of folks are out money thinking they have a chance to lease your property when the fact is you have never met them. It’s misery all around and certainly bad for business so beware! For more information and advice in real estate investing, see our blog at http://lorettoproperties.com/.  You can also call us at 913-236-2902 if you have a property to sell.