Denver, CO – July 11, 2012 – According to the real estate website, Trulia, the average cost for renting housing in Denver has increased 10.9 percent since June 2011, which is twice the national increase. As rent skyrockets in our community, the Better Business Bureau (BBB) says con artists take notice and consumers become more vulnerable.
Rental scams are especially common on sites like Craigslist, and those looking for a place to rent, as well as those who are trying to rent out their home to a tenant can fall victim. Homeowners can be victimized if a scammer sends them a counterfeit check for the deposit, which is made out for more than the amount due, and then asks for the difference to be sent back to them. Renters fall victim in several other ways. They can lose money sent for a deposit or even become victims of identity theft.
“When low rent is tough to find, those searching for housing should remember that any offer that sounds like an incredible bargain is probably a scam,” said Dale Mingilton, president and CEO of the BBB Serving Denver/Boulder. “Finding a new place and moving is stressful but you must take the time to choose carefully.”
The BBB warns of the following red flags of rental scams and advice for each:
· Red flag: The deal sounds too good to be true. # # # # About the BBB
The BBB is an unbiased nonprofit organization that sets and upholds high standards for fair and honest business behavior. Businesses that earn BBB Accreditation contractually agree and adhere to the organization’s high standards of ethical business behavior. The BBB provides objective advice, BBB Business Reviews , BBB Charity Reports and educational information on topics affecting marketplace trust. To further promote trust, your BBB also offers dispute resolution services for consumers and businesses. The first BBB was founded in 1912. Today, over 100 BBBs serve communities across the U.S. and Canada. Please visit www.denver.bbb.org for more information.
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About the BBB