5 Proactive Strategies to Prevent Rental Fraud

Posted by Chris Clothier on Tue, Sep 13, 2016

This is an article that we originally published on BiggerPockets.com and have revised and updated here for our readers.  It is such an important topic for real estate investors and we realize that many of our readers are also active real estate investors and landlords.

Rental fraud is real and is something that we all have to be aware of and prepared to deal with.  It comes in many forms and really requires us to be diligent not only as landlords, but even as property management companies.

Rental fraud. It’s not fun, and reports of it happening have seemed like they’ve been going up all across the country. What’s an owner to do? How do you protect your property against such tactics?

For those of you blessedly unfamiliar with rental fraud, it’s what happens when someone who isn’t you or your manager claims to own your property and then proceeds to rent it out and earn rental income on unknowing tenants.

When they’re inevitably found out, the unfortunate (but still illegal) tenants must be removed and you’re left to with the mess of proving in court that you’re the one that owns the property, on top of other fun complications.

Wouldn’t it be better to avoid the chance of rental fraud in the first place?

Well, we’ve got good news: there are strategies you can employ to greatly reduce your chances to falling victim to such a scam.

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Topics: rental property security, rental scams

Top Apps & Devices for Maximizing Rental Property Security

Posted by Chris Clothier on Wed, Aug 5, 2015
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5 Useful Tools for Maximizing Rental Property Security

Investment property security is no joke. Not only do real estate investors and property managers have a responsibility to protect their tenants, but they also have to consider how security can mitigate overall risk.securityapps-investmentpropertysecurity

From security apps that control your security system remotely to GPS-tracking alarm raisers, we’re counting down some of the most useful security devices out there for real estate investors: whether for your properties or your personal safety. While there is front end cost for solid security, it’s well worth it in the end in terms of protection and value.

Here are just a few cutting-edge tools that can protect your investments.

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Topics: rental property security

3 Detailed Tips for Promoting Your Investment Property This Fall

Posted by Chris Clothier on Tue, Oct 21, 2014

Ah, Fall. Who doesn’t love fall? It comes with pumpkin spiced lattes, cozy sweaters, brilliance in the changing colors of the leaves and a sense of family togetherness. Fall is great — but real estate investors would do well to prep their investment properties for the season. We’re not just talking curb appeal, either (although that is one of the steps for you to consider)— whether you're selling a property or looking for new tenants, there’s plenty you can do to stand out this season.

A little work can go a long way to preventing vacancies or long listings on the MLS.  Here are 3 steps for you to consider this Fall if you have a property for rent or sale.

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Topics: real estate investing, rental property security, curb appeal

Pros & Cons of a Home Security System in Rental Properties

Posted by Chris Clothier on Mon, Jan 20, 2014

In this day and age, security is a major concern for a lot of people. Unfortunately, the days of leaving your home unlocked without worry are behind us. Burglars and other intruders are a very real concern for your tenants. A deadbolt lock on the exterior doors may help with peace of mind, but it could be that you’re thinking about investing in a home security system for your real estate investment property.

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Topics: Memphis real estate, real estate investment, rental property security