New York State is warning renters about scams targeting them with the goal of swindling their deposit money. The New York State Department of State and the Division of Consumer Protection alerted renters about the landlord scams. Criminals are posing as property landlords and real estate agents, hoping to get as much money as possible by duping hopeful renters. The Federal Trade Commission states that New York residents lost $1.7 million in these scams over the past three years.
New York’s Secretary of State, Rossana Rosado, said,
“Shopping for a rental home or apartment can be a stressful, expensive and time-consuming process, especially with scammers actively trying to take advantage of New Yorkers. I encourage New Yorkers who are looking for a rental property to follow basic tips to avoid losing their hard-earned money through deceptive practices.”
Scammers posed as licensed real estate agents or landlords looking to rent a property. The…