The real estate market is bubbling these days more than ever, both on the sales and the rent fronts. As prices go up and demand rises, especially in big cities, the basic right for a roof over one’s head becomes much more of a financial burden. This is despite a bit of cooling down during the first couple of waves of the COVID-19 pandemic.
Beside the uncontrollable rise in prices, this market has become somewhat of a safe haven for scammers and crooks. When the rush to buy or rent becomes so dominant, some might take advantage of the atmosphere in order to sell nothing but dreams. That is why it is especially important to expose a new scam which has been exposed in Las Vegas, Nevada, and its suburbs.
The method
According to testimonies published recently on Ripoff Report, the scammers typically prey on people looking to rent properties, especially those with limited funding. Potential renters are promised a comprehensive housing solution, including property rent and management fees, all in one place. A few months’ rent is charged in advance, alongside a deposit that is unusually large and can reach a few tens of thousands of dollars.
After receiving the money, the scammers do not keep their end of the bargain. The properties are nothing like what was originally promised, with “poor and dangerous construction and electrical problems,” according to one reviewer. The scammers refuse to handle tenants’ complaints and sometimes do not even answer the phone at all.
That…
