Reducing the risk of fraud in the application process in obtaining an apartment in New York City can be faciliated by hiring a reputable New York City property management company. The threat of rental scams in the NYC area is major source of worry for both the landlords and the tenants in the recent times. Scammers posing as landlords have become a very real challenge for renters looking for a home. When asked for personal or financial information, renters/tenants readily provide it to scammers without suspecting a thing. And today, where technology has eased up the process by taking it online, it’s very easy for intelligent fraudsters to fool unassuming tenants. To combat this problem, it is essential to recognize the indicators that lead to scams and take measures against them. For tenants, it is important to make sure that your apartment management company, property management company or managing agent has the correct credentials to conduct business in the State. For rental scams, there are some red flags that can jump out. An offer of an impossible deal; a beautiful and expensive property at an unbelievable price, well below market standards. Prices rarely fluctuate significantly and tenants should research to see what market rates are in the area they are researching to live.
Another tipoff is if an individual is looking for money upfront before meeting the landlord or property manager. Licensed real estate agents are paid in New York at the time that the lease is signed. Monies should not an any times flow to a third party before then. Also, if the scammer wants to meet at a place that is not the property to be rented that should be a red flag as well. Most of the time there will be excuses but you should always require that you meet at the property.
Another issue is when scammers put advertisement in free classified with vague and template language in the listings. The language used in the listing is an important criterion for determining the authenticity of the ad. Sometimes these individuals use a machine to generate generic content to lure prospective tenants to inquire into their fictional listing. At all times be very skeptical of these listings.
One of the ways to get around these issues is to work with realtors working with the property management company or go directly and contact the actual property management company. A property manager is a professional who can take care of all the formalities of a rental process and ensure smooth business transactions and processes between the landlord and the tenant. Hiring a reputed New York City property manager ensures that there is a minimal risk of scammers impersonating as landlords and robbing tenants. In the alternative, the New York City property manager will ensure that there is a screening process in order to place and identify the good from the bad tenants.
The criteria for an ideal tenant are:
• Timely payment
• The intention of the tenants to rent the property for a long time
• The tenants should take good care of the premises and inflict minimum damage during their stay
• The tenants past Court actions in Landlord and Tenant Housing Court. A reputable and diligent building management company will take the further steps in order to get the Court records to see if the prospective tenants have been evicted for non-payment of rent in the past.
Blue Harbour Property Managment ensures the safety of the information of our clients. We employ the best measures and techniques to keep all the data safe and make sure that a business agreement is formed between client and landlord in a professional researched manner.