What are some things that both the landlord and the renters can do to make sure that any potential condo rentals are not too good to be true?
Whether you are a renter or a landlord you need to be able to figure out when someone is trying to cheat you. This is usually done through the use of fake credit card payments or through writing checks that have bounced. There are people who advertise their condo rentals or their desire to rent for the purpose of scamming others, so paying attention to detail when you are accepting payments or making payments online is very important.
When you are renting, you should be aware of a few things that will help you in your search for condo rentals. The first thing you should do is research several condo rentals on websites. This will help you compare properties that are available in the area you are looking for. This also lists who to contact and where the property is so that you can personally check it out and make sure that it is a real rental. Then you should make sure that the price to rent the property matches the other prices in the area.
When making contact with landlords, you should not share any personal information until you are making a deal to rent the property and don't send any money until you have actually met the landlord. Your landlord should be local and when meeting for the first time, you should have someone to accompany you. Make sure you communicate your preferences and needs so that you can have a good relationship with him.
Landlords with property available for rent can also benefit from some helpful hints, including keeping an eye on the various websites that offer to list condo rentals for free, especially if your real estate agent is listing your rentals for you. It may also help you keep track of your postings if you sign up to have alerts sent to you when your address gets posted on another rental site. It would also be a good idea to meet any potential renters in person if possible so that you can make sure that they are legitimate and truly interested potential renters. When not sure, you should only allow your renters to pay in cash or cashier's check for the exact amount of the rent or deposit. A person who is trying to scam you will often write a check, expecting you to give them change. However, if they write you a bad check, you are out the full amount from your bank.
When you do your homework and research your condo rentals and renters properly, you will have a higher success rate in having a good experience with your rental.