Recently a person pretending to be a rental applicant tried to run a scam on a property we manage. They hoped to scam the landlord and Nesbitt Realty. With increasing reports of real estate scams worldwide, here are some ways you too can avoid being caught up in fraud.
Make sure all parties are who they say they are. Have an out-of-state party provide a photocopy of their driver’s license or passport that has been notarized. If someone alleges to represent an embassy or a large corporation, afford them no less due diligence that you would any other renter or buyer.
Will Nesbitt is the principal broker of Nesbitt Realty.
Verify signatures. Compare the signature on the real estate contract to other signatures on their driver’s license, passport, the original sales contract, etc.
Double-check the documentation. Make sure none of the documents have been altered. Inspect originals whenever possible. Get certified copies from a title company.
You select the professionals. Require the out-of-town party to use a real estate professional, attorney, or title company of your choosing.
Require a face-to-face meeting. The safest way to ensure that they are who they say they are is to require that they show up at closing.
Rely on the professionals. If it all possible, don't do it yourself. Let a brokerage like Nesbitt Realty handle all the details.
What is the role of a property manager?
The primary role of a property manager is interfacing directly with applicants, tenants, and maintenance personnel. An efficient property manager saves you time and ensures that you about your everyday life without having to worry about the production of income of your property while maintaining the value of your investment.
The role of a property manager is to:
market your rental property,
collect rent in a timely fashion,
maintain an accurate record of all income and expense,
handle maintenance and repair issues,
respond to tenant complaints,
know when to draw the line,
and even pursue evictions.
Nesbitt Realty is knowledgeable and experienced to manage your property in {Location_Name} and gives you the peace of mind that comes with knowing your investment is in good hands.
Learn more about our property management services!Learn why our customers adore us.
For more information or to set up an appointment call Nesbitt Realty at (703)765-0300.
