Starting Out
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 5 years ago on . Most recent reply

Potential Rental scams
I am managing a rental property for family as i live a block away and have one apartment (duplex building) rented. The renter is moving in from out of state and has a job offer. I've done a credit and background check and have verified the tenant, past landlords, etc. I have the other unit and a prospective tenant is also stating they are out of state (from FL) and want to move in. Other than getting suckered in with a Nigerian Prince (or variants) scam, is this a common occurrence or did I just lucky/unlucky?
Of course the concern would be that the tenant either doesn't stick with their job or gets fired, but how do i protect myself/property? Ask for higher security deposit?
Thoughts?
Tom
Most Popular Reply

Hey @Tomasz Kaminski I'm fine with them relocating, but I want to see that they had a job wherever they came from. (I'm assuming we're talking about grown adults here, and not recent college graduates.)
Surely, they were doing something to earn money back in Florida. I just want to know what and how much they made.
If they were permanently unemployed in Florida, chances are life in Illinois isn't going to be much different.