CONSUMER ALERT: The New York Department of State’s Division of Consumer Protection Reminds New Yorkers About Rental Scams
Avoid Sending Money for Rental Properties Without Verifying the Legitimacy of the Listing Secretary Rodriguez said, “In today’s highly competitive housing market, renters are often targeted by scammers who use enticing offers to steal their hard-earned money.” Video Here: English and Spanish Follow the New York Department of State on Facebook, Twitter and Instagram for “Tuesday’s Tips” – Practical Tips to Educate and Empower New York Consumers on a Variety of Topics For this week’s “Tuesday’s Tips,” the New York Department of State’s Division of Consumer Protection is sharing tips to help New Yorkers identify and avoid rental scams. Rental scams are executed in a variety of different ways, but the goal is the same: bilk potential tenants out of as much money as possible or steal their personal information. “In today’s highly competitive housing market, renters are often targeted by scammers who use enticing offers to steal New Yorkers’ hard-earned money,” Secretary of State Robert J. Rodriguez said. “Finding a place to live can be stressful enough without the added worry of being scammed, so I encourage consumers to follow our tips and learn how to spot a potential scam when looking for a new residence.” Looking for a rental home or apartment can be an expensive and time-consuming process. Renters are often competing for limited housing or looking for deals, and scammers are quick to take advantage of them. Rental scams do not just harm renters, they can severely damage the reputations and livelihoods of New York’s honest, hardworking real estate agents as well. In 2023, the FBI received 9,521 real estate/rental scam related complaints with losses of over $145 million. To help prevent a costly mistake, below are key tips on how to identify and avoid rental scams: