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  • Geebo 9:01 am on May 14, 2018 Permalink | Reply
    Tags: , , , , rently   

    Smart rental service allows scammers to rent houses they don’t own 

    Smart rental service allows scammers to rent houses they don't own

    We’ve discussed rental service Rently before on this blog. Basically, they are a service that allows rental properties to be seen by prospective renters without anyone having to be there. While it sounds like an idea of great convenience on paper, it’s allowed scammers to take advantage of renters.

    For example, in Indiana, a family found themselves out of $1700 after they thought they had legitimately rented a home that they found on craigslist. That’s not to say there weren’t warning signs. The fake renter claimed he was out-of-town for a wedding but gave the family the access code to the lockbox which contained the keys to the property. Due to the fact that the family had access to the keys, they felt like this transaction was on the level. They then wired the money to the phony seller. As it turns out, it’s not exactly difficult to get the keys from a Rently lockbox. According to a local news report, all you need to do is answer a few questions in order to gain access to the lockbox. What you can do with the keys after that is up to your imagination. Their introduction video from their website even mentions that their service could be vulnerable to scammers.

    The video also notes that anyone wishing to gain access to a property needs to have a valid credit or debit card, however, that can be easily circumvented.

    While the idea of Rently sounds great in theory, there are too many ways to exploit the service to make it a viable alternative to having a real estate agent or property manager show someone around the home. When security is sacrificed in the name of convenience, you don’t really have either.

     
  • Geebo 10:03 am on November 13, 2017 Permalink | Reply
    Tags: lockbox, , , rently   

    Beware of lockbox rental scams 

    Beware of lockbox rental scams

    Reports have come out of the Treasure Valley section of Idaho where a new rental property scam has been taking place. The new scam starts out as the usual rental scam with the scammers copying a legitimate real estate ad then pasting it on to less than trustworthy classifieds sites. However, the scam takes a new twist when it comes to accessing the electronic lockbox used to secure the property for realtors and landlords. Specifically, the scammers have been targeting lockboxes given out by a company called Rently.

    Here’s how the lockboxes are normally supposed to work…

    Unfortunately, victims of the scam then give out the Rently access code to the scammers. The scammers then get access to the property and are able to show it to prospective victims like they own the property which makes it easier for scammers to ask victims for money in the form of non-existent security deposits and the like.

    If you’re looking for a property and end up needing to use one of these electronic lockbox devices, don’t ever give out the security access code to third parties. Also, you may think that since this scam is happening nowhere near you it can’t affect you, but if it’s happening in one area of the country there’s a good chance it could be happening in multiple locales.

     
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