Recently a person pretending to be a rental applicant tried to run a scam on a property we manage. They hoped to scam the landlord and Nesbitt Realty. With increasing reports of real estate scams worldwide, here are some ways you too can avoid being caught up in fraud.
- Make sure all parties are who they say they are. Have an out-of-state party provide a photocopy of their driver’s license or passport that has been notarized. If someone alleges to represent an embassy or a large corporation, afford them no less due diligence that you would any other renter or buyer.
- Verify signatures. Compare the signature on the real estate contract to other signatures on their driver’s license, passport, the original sales contract, etc.
- Double-check the documentation. Make sure none of the documents have been altered. Inspect originals whenever possible. Get certified copies from a title company.
- You select the professionals. Require the out-of-town party to use a real estate professional, attorney, or title company of your choosing.
- Require a face-to-face meeting. The safest way to ensure that they are who they say they are is to require that they show up at closing.
- Rely on the professionals. If it all possible, don’t do it yourself. Let a brokerage like Nesbitt Realty handle all the details.
Prореrtу mаnаgеmеnt can bе used by any tуре оf рrореrtу owner that juѕt dоеѕn’t hаvе thе time or expertise to саrе for аnd run a rental property. Contact us or read more if you need assistance or want to learn more about our property management services.
Why do our clients love us? Because we love our clients.For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.