Adult Financial Literacy Guide | Page 33

Whether you are renting or buying, it’s important that you protect yourself from frauds and scams. Remember - if a deal sounds too good to be true, it probably is. Finding a place to rent may be as easy as walking through a neighborhood that you like and looking for “for rent” signs, reading classified ads or browsing online. There are rental scams out there – no matter where you live or how you find the rental property. Be aware! Here are some warning signs of rental scams:  Rental rates that are below market rates.  Landlords who require you to leave a deposit on the spot without any formal rental agreement in place or with a much later move-in date. They could be showing you an apartment which is not actually for rent. Frauds and Scams Photo credit kenteegardin via Visual hunt CC BY-SA  Landlords or homeown- ers who are out of the country and require you to wire them a security deposit before they will send you the key.  Someone who is willing to rent you a property without meeting you or doing a background check on you.  Links within emails that send you to websites asking for personal and/or financial information. These are usually phishing emails that can expose you to financial fraud.  Ads that show pictures of the outside of the property only, or pictures that do not match the actual property. 33