Protecting Yourself from Real Estate Scams

Rental and investment scams cost Americans millions every year. Learn to identify red flags, verify legitimacy, and protect yourself from fraud when renting or investing.

CATEGORY Security READ 4 min SECTIONS 4

Real estate scams are increasingly sophisticated and cost Americans enormous sums each year. Whether renting or investing, knowing how to protect yourself is essential.

Common Rental Scams

  • Phantom listings: Fraudsters copy real listings, post at below-market prices, and collect deposits before disappearing
  • Identity theft: Fake landlords request SSNs and personal info under the guise of a background check
  • Bait-and-switch: The advertised property does not match what is shown
  • Overpayment scam: A "landlord" sends a check for more than your deposit and asks you to wire the difference back — the original check bounces

Red Flags

  • Prices significantly below comparable market rates
  • Landlord cannot or will not show the property in person
  • Requests for wire transfer, cryptocurrency, or gift card payments
  • Pressure to sign or pay immediately without documentation

How to Protect Yourself

  • Always tour the property in person before paying anything
  • Verify ownership through county public records
  • Pay only by check or traceable method
  • Confirm any agent is authorized by the owner in writing

ARKInvest, Corp. Commitment

We will never request wire transfers, gift cards, or cash outside of a signed formal agreement. Report suspicious activity to us.

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General information for the Carolinas market, not legal, tax or investment advice. Rules differ by state and by situation — take professional advice before acting.