You may have planned to take up a home on a serene beachfront from a reliable online portal. However, on your arrival at your dream home, you realize that the story is different altogether - the home you saw on the portal doesn't match in any standards, whatsoever. It is then that you wake up to witness the harsh realities of life and that is - you've been cheated!
What is the ground scenario like - The rental home buying dilemma
There are thousands of similar cases as yours that are waiting to be heard and let alone be resolved by the U.S. Federal Trade Commission (FTC). Such instances of online fraud and scam are increasing rapidly by the day. Adding insult to injury, . The that replicated other genuine online portals.
At a time, when the economy has many factors playing from front to shape up the lives of the billions across the globe, home sharing is one of the viable but nascent markets attracting more and more prospects ever since it came into foray. The big question is amidst the rising demand and popularity of the home sharing concept, how do undiscerning consumers protect their interest and defend themselves against the con artists as well as other online thugs? That said, :
Home rental contract
One of the foremost steps to take when taking the plunge into home sharing is to verify the address of the concerned property. You need to , that are key to safe travel and living. For instances, you need to find out the nearest tourism office (if any), inquire whether there has been any complaint registered against the rental property that you are going to hire or not, local consumer awareness about the gaining popularity of the home sharing concept, kind of service provided by the rental home owner/company, prominent real estate developers/communities operating in the same the vicinity, alternative but affordable rental home service in the chosen area and so on.
When setting off to enjoy home sharing on a distant land, be wary of the property's source. In other words, you must in. Even legitimate rental property owners sometimes take advantage of free print and/or web classified advertisements to reduce their marketing costs. But that doesn't mean you should put down all your defenses and keep everything to luck. Rather, it is equally important to vet any kind of free property listing seriously, be it of a legitimate owner's or otherwise. The best is to keep in mind that it is better to safe than sorry. Apart from that, make sure to become doubly sure of their authenticity.
From buying groceries to spaceships, we've all been taught to compare prices and shop around a market before settling for a particular product. The principle should be used here as well. In order to get the best deal, you need to compare rental home prices in the locality. Though a hugely attractive rental rate might be too tempting to resist, but the FTC warns that any offer that is too good to be true should sound an alarm, as below-market rental rates and other holiday services in an area is indicative of a brewing scam. So, if you cross-check the pricing of the rental homes and that of the other ancillary services provided in the community, then it may help you avert losing some precious dollars over rental scams. , but also make it a point to speak to a representative directly.
In addition to that, remember to . This is because every country and state has its own version of transient license system in place. This helps the local governing bodies to keep a tight hold over the rental home sharing and other associated services market in the country and to defend the interest of both local as well as foreign tourists.
If you're not finding a suitable renting home, you can search for a rental apartment instead. Though it is relatively easier to find a suitable rental apartment if you have a good credit record, yet you may find a suitable rental apartment with bad credit, too.