Here’s what to do when finding an apartment goes from annoying to criminal. The stress of finding an apartment is almost inevitable – the search, the competition, the upfront money … most renters avoid frequently moving for these reasons. But sometimes the rental process goes from merely aggravating to actually illegal. While a majority of rental listings are legitimate, rental scams are out there, and not always easy to spot Here are five of the most common rental scams out there, along with suggestions for how to avoid them. Fake real estate agent services Services offering to generate a list of pre-foreclosure or rent-to-own rental properties for clients are another type of rental scam. Although appealing because of lower price points, these services request either a sign-up fee or a monthly fee of up to $200. The list is usually full of sham real estate listings, either fake or expired,Continue Reading
Fraud
Scams are a reality of shopping online and offline. Zillow strives to provide a safe online community, but you should always be wary of giving personal information, financial information, or payments of any kind to people you don’t know personally. Important: If you find a fraudulent listing on Zillow, please report it by clicking “Report Listing” and selecting “Listing seems to be fraudulent or illegal.” on the listing page in question. Red Flags for Scams Requests to wire funds via MoneyGram or Western Union  Most scams involve a request to wire funds. Do not wire funds to anyone you haven’t met personally. Scammers create convincing reasons why they need to deal remotely. Likewise, do not accept wire funds that you did not initiate. Long-distance landlords Most scams come from users in foreign countries who claim to be interested in purchasing or renting out a home. Be wary of claims from people whoContinue Reading
Fraud
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Apartment communities seeking to protect themselves from the storm that can come from fair housing violations in Madison, Wis., better take along an umbrella. Madison is considered to be the country’s leader when it comes to protected classes, touting at least 24, according to Nadeen Green, Senior Counsel with For Rent Media. In fact, that strategy is best used by any apartment owner or manager who operates in multiple markets. While each community in a portfolio can have very specific and different policies based on the fair housing protections in that location, managing that can be difficult, not to mention potentially risky, she adds. “For years I have been advocating to my classes and readers to use the umbrella approach,” Green says, meaning to cover themselves completely as to all potential protected class violations. “Originally, that was because of the risk in having corporate policies that differ from community toContinue Reading
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Take a look at this years Best Places to Work data for multifamily! 2017 Research Best Places to Work Multifamily™Continue Reading
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Despite years of battling by the financial industry and a massive change in the way Americans use debit and credit cards, the rate of identity theft soared during 2016, a new report has found. In fact, it hit an all-time high. An estimated 15.4 million consumers were hit with some kind of ID theft last year, according to Javelin Strategy & Research, up from 13.1 million the year before. The report begins ominously: “2016 will be remembered as a banner year for fraudsters, as numerous measures of identity fraud reached new heights.” Fraud losses totaled $16 billion, the report found. About 1 in every 16 U.S. adults were victims of ID theft last year (6.15%) — and the incidence rate jumped some 16% year over year. This despite 2016 being the first full year that brick-and-mortar retailers were forced to accept more secure EMV chip cards or face liability consequences.Continue Reading
Fraud