Students: Beware of classifieds rental scams

by Vlad Yushvah on September 3, 2009

iNetGiant online classifieds community would like to warn post-secondary students about rental scams while looking for a place to live for the new school semester.

The scam typically involves online classifieds sites like iNetGiant where numerous listings show fully furnished condos and apartments in prime central locations with incredible prices.

After sending an e-mail to express interest in the rental, consumers receive a strange reply that says the landlord is in Africa doing missionary work but the prospective renters could courier the keys if sent a security deposit.

This is a perfect time for this type of scam to flourish.  We all know that students are all busy trying to secure affordable housing and this scarcity carves out an opportunity for scammers. These online ads will often even have bogus pictures of the suite, which make it look legitimate. However, if a landlord says to wire or courier money offshore then the alarm bells should be going off.

iNetGiant online classifieds community offers the following advice to would-be renters:

• Meet the person and visit the property first. Do not send money to a person you have never met to reserve a place you have never seen. Go to the rental suite and visit it in-person.

• Use listings that provide real landlord contact information. There are websites like viewit.ca or gottarent.com that record a landlord’s address and bank information. This can provide more assurances of avoiding this scam.

• If it is a scam, report it to us and contact police or Phonebusters.com (RCMP phone line) so they can keep track of cases.

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Everyone knows that there are scams on online classifieds sites.  Because we receive thousands of ads on a daily basis from all over the Internet, we are in a very good  position to see trends and analyze information about scams before they hit our site.  Recently, we’ve seen a dramatic increase in the number of online classifieds scams.

So we are now on a path to improve the buying experience around classifieds,  since  we  take fraud, scams, and issues relating to personal safety very seriously. We are working on automated fraud technology for scanning though online classifieds. Also in the works  a whole section on our site that will be dedicated to online classifieds scams and fraud. This section will include Safety Tips for online classifieds, dwelling through them you will be armed with good knowledge on how to avoid almost every scam and fraud that takes place on iNetGiant online classifieds.

To help promote the new Safety section and to get the word out to as many people as possible about how to avoid scams, we will have a link to it on every page within our site and on every email communication.

What do you think can be done more to prevent scam and fraud on online classifieds and particularly iNetGiant. We are waiting for your suggestions.

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