Rental scams hit home with $65 million in reported losses
Accepts pets? Affordable rent? Close to work? Whatever the must-haves are for your next rental home, you can bet there’s a fake listing that checks all the boxes. Since 2020, people have reported nearly 65,000 rental scams to the FTC with about $65 million in losses. [1] And since most scams are never reported to a government agency, this likely reflects only a fraction of the actual harm. [2] Scammers create fake rental listings that look very...