What to Watch Out for When Renting Your Investment Property

Watch out, there is a new scam around town, the Apartment Owners Association is warning of a company called “Successful Rent” which is run by a lady named Sunny who is scamming rental property owners.

If you are a rental owner, watch out for a call from Sunny.  Sunny calls owners who have vacancies and claims she has prospective tenants from out of the country looking for homes.

She then sends someone over who fills out the rental application and gives the owner or manager a fake cashier’s check to hold the apartment.  She also says that she will run the credit report for the owner for free.

On the day of move-in, she calls the owner and says the tenant found another place and they would like their money back.  The owner then writes a check for the deposit amount and a week or two later, gets a letter from their bank saying the original cashier’s check was fraudulent.