Corporate Rental Scam

Corporate Rental Scams Can Happen to You

Whether you are offering home or apartment rentals to corporate clients, you may believe yourself immune to many of the rental scams at play. However, we want to remind all of our readers and clients that corporate rental scams are also a growing concern. This is why CBHO offers ongoing updates about potential scams as well as articles that serve as alerts to various scams and how we avoid them. In a recent article about scams relating home and apartment rentals, we looked at the issue of craigslist. The way it has panned out is simple – someone copies...

Real Estate Alert: Summer Scam – Cash Offers

I received this alert from the Colorado Department of Real Estate and thought it was applicable to all real estate markets. If you are selling a property take a minute to read this important information. Real Estate Alert: Summer Scam – Misrepresentation of Cash Offers The summer selling season is warming up and the inventory of available homes for sale is very low. As a result, sellers are receiving multiple offers, often times higher than the asking price and many of these offers are written as an all cash purchase. As such, buyers are structuring offers to be the most attractive...

Ripped From the Headlines: How to Avoid Rental Scams

The headlines these days say it all: “Couple trying to rent home on Craigslist loses $1,200 in scam” This innocent couple lost $1,200 because they fell for a Nigerian scam. The “property owner” claimed he was an African missionary and he needed the couple to wire him $500 to reserve the property. He later asked them to wire him another $700 for the first month’s rent, and they obliged. When the couple went to the home to move in, the person who lived there didn’t know what the couple was talking about. “Craigslist scam targets Kentucky real estate” In...