Are Squatter Scams Fake News?

Something has been lighting up social media and news cycles like wildfire recently: squatter scams. Some people are even calling it a "manufactured crisis" driven by TikTok and sensational headlines.

But as a seasoned property management company right here in Detroit, let us tell you—this is no fake news. Squatter scams are real, they're on the rise, and it's something every landlord needs to be aware of.

Are Squatter Scams a “Manufactured Crisis”?

Let's cut through the chatter.

The term "manufactured crisis" gets thrown around a lot these days, but when it comes to squatter scams, we’re dealing with an actual problem that's affecting real landlords and property owners.

According to recent reports, anxiety over squatters has spurred a wave of legislation across numerous states. Florida, New York, Georgia—you name it, they're all grappling with this issue.

So, what’s driving this surge? Social media platforms like TikTok have certainly played a role in amplifying awareness (or fear, depending on how you see it), but the increase in squatter scams is grounded in reality, not fiction.

The Reality on the Ground

We've seen firsthand how squatter scams are wreaking havoc in cities around the country. In Chicago, for instance, squatter scams have become so prevalent that real estate agents are actively warning landlords to be vigilant.

Here in Detroit, the problem might not be as headline-grabbing yet, but it's there, lurking just beneath the surface.

• Chicago: Reports indicate a noticeable uptick in squatter scams, with some areas seeing incidents double in recent months.
• Florida and New York: These hotspots have seen increased legislative action, indicating that the problem is widespread and severe.
• Detroit: While not as rampant as in some other cities, squatter scams are still a concern. Our own records show an uptick in these cases, particularly in vacant rental units.

How to Protect Your Property

As landlords, the best offense is a good defense. Here are some tips to safeguard your properties from becoming squatter havens:

1. Secure Entry Points: Make sure all doors and windows are locked and consider installing security systems or cameras.
2. Regular Inspections: Keep a close eye on your vacant properties. Regular inspections can help you spot any unusual activity early.
3. Legal Preparedness: Know your local laws regarding squatters. Having a legal plan in place can save you time and stress if you need to evict someone.

Conclusion

Squatter scams are very much a real issue. They're not just a social media scare tactic or a "manufactured crisis."

Here in Detroit and cities across America, landlords are facing an increasing number of these scams. But by staying vigilant and proactive, you can protect your investments and avoid becoming another statistic in this growing trend.

Check out my other articles for more in-depth data and analysis of the Detroit rental market.