Image by Gerd Altmann from Pixabay
WANTED : Social Media Con Artists & Real Estate Fraudsters
Thankfully this property owner ’ s attorneys have been able to track down two of the perpetrators , and have served them legal papers . He estimates they owe $ 125k in back rent and legal fees . Not including the actual damages , and utilities . He says he doubts the courts will accept those phony $ 100 bills as payment .
Anwar , aka DJ Diddy , who turned out to just be a fraud , is still at large , and “ hiding out like a rat .” He is still posting on social media , promoting a virtual party online each week on Sundays . The attorneys are very interested in any information that can be provided to track him down , and ensure he is served and brought to justice .
They are also looking for the renters ’ real estate agent involved for their role in misrepresenting and failing to vet the tenant . They have been served , but have since been hiding out , without a response .
The Big Takeaway : Things Are Different Now
Most of all this landlord agreed to share his story with us as a warning to all other real estate investors , landlords and homeowners out there .
Be on the lookout for these fraudsters . Don ’ t become their next victim .
Be sure you are on the alert for other social media phonies as well . In addition to questioning some of those promoting scams like these , and encouraging others to Airbnb out homes they don ’ t own , or to try and pull scams to take over people ’ s properties . He says he is not excited about renting out his personal homes again .
There is just too much risk . Too much fraud . With the new dictatorship we appear to be living in , there is no more security , and very little private property rights and protections .
If you are going to rent out a property , we strongly suggest using a wellvetted , thirdparty property management company , and having a great real estate attorney on retainer .
However , he is not giving up on real estate as an investment at all . Though he is certainly doing it differently , and more carefully vetting those he works with . If you spot these fraudsters , let someone know , and share your stories , and alert others in the business to scammers , so they aren ’ t the next victims .
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