May 14, 2022
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Are you the victim of a scam? 9 tips for property managers to avoid scammers

By on March 4, 2022 0

Last week I binged “Inventing Anna”, about Anna Delvey (really Sorokin), who was sent to Rikers for pretending (?) to be a German heiress and scamming a bunch of hotels in New York and various wealthy and glamorous people over tons of cash. I also watched “The Tinder Swindler,” about an Israeli fraudster who posed as the son of a billionaire and tricked women into sending him tons of money. And I’m super excited for the new show “The Dropout,” starring Amanda Seyfried as Theranos founder Elizabeth Holmes (whom I know very little about, but I wouldn’t be surprised if she ripped off tons money to people).

The scammers are so have a moment right now.

If scammers had the decency to dress like this to begin with, it would save us all a lot of heartache! Image credit: www.pexels.com

But it’s one thing to be entertained by these rascals in shows (because, after all, there’s no way Wed fall in love with them in real life) and in fact being targeted by a scammer in real life (as it unfortunately happens all the time).

Of course, we want to believe that our residents and potential tenants are all honest. And most are! But it is important to protect yourself just in case. Here are some suggestions to prevent you and your apartment community from being scammed.

  • Do a credit check before allowing anyone to sign a lease.
  • Also make sure the lease is a written lease. No oral agreement, ever!
  • Make sure a lawyer reviews everything signed.
  • Also do a forensic check.
  • Ask for references and check them.
  • Make sure your Wi-Fi is secure and require passwords.
  • Although you can have virtual rental tours, try to meet the actual potential resident in person, or when they move in, walk in and introduce yourself. It is important to know who the tenant really is.
  • Watermark photos of your property on your website so people can’t steal the images and create their own fake ads with them.
  • Document everything! Record resident email complaints and ensure there is always a paper trail.

What else can property managers do to protect themselves from possible scams? I would love to hear your thoughts! Post your comments on our Facebook page or send a tweet to @MHNOnline Where @jfiur. And meanwhile, my enemies want me, so can you lend me, like, $10,000? I’ll pay you back as soon as my dad puts more money in my trust. You accept foreign bank transfers, do you? No? You are SO BASIC!