Ocean City Rentals
Protect your vacation property from internet bandits
By Joanna LasloMay 21, 20183 min read
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How vacation rental scams work
With the use of social media and advertising sites on the rise, there is likewise a rise in individuals advertising properties they do not own. These unscrupulous people do their homework and often have accurate interior pictures of the property. These pictures are shown to prospective renters in an attempt to bring a level of comfort and encourage a rental agreement. When the perpetrator explains he, as a solitary owner, does not accept credit cards, the unsuspecting renter willingly places a money order or certified check in the mail. In some cases keys are actually mailed to the victim. However, when the renter shows up at the location, the building (or unit) does not exist, or the keys do not work and/or the unit is owned by another individual. This situation leaves the tenant with the loss of their vacation money and without a place for their family to enjoy a summer getaway. Unfortunately, there is little law enforcement can do when it comes to internet scams like these.Property owners are not exempt.
Owners also suffer the effects of these scammers. A number of the owners/victims have found their property being advertised for rent, at a discounted price, with full pictures of the actual condo. One owner arrived in town to find his locks were changed. Another owner found the water to his condo was turned on, even though he always left it off while he was away. Further, the interior showed signs of use. Unfortunately, there were no witnesses to see the break in, or at least none that took note or thought it was unusual for the unit to have occupants from time to time.Fortunately, there are steps you can take to help avoid scammers.
For owners
- Install Medeco Locks.
- Install radio-controlled thermostats.
- Check your electric bill.
- Arrange for your REALTOR or someone local to check your unit periodically.
For renters
- Compare online prices from local rental companies to see if the rates are in line.
- Check with the local Chamber of Commerce.
- Maryland Department of Assessments and Taxation provides information on information of property owners.
- Check Ocean City's Town Hall.
About Joanna Laslo
Broker/Owner of Beach Real Estate, Inc., a local that Graduated from Stephen Decatur High School. 35+ years of experience in real estate sales. Joanna is a broker in Maryland, Delaware and Virginia. Joanna also manages Ocean City weekly condo and vacation rentals.
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