< Sudbury Real Estate Board warns against rental scam connected to Prop2Go.com - Canadian Fraud News Inc. | Fraud related news | Fraud in Canada

Sudbury Real Estate Board warns against rental scam connected to Prop2Go.com

Sudbury (October 29, 2019) – The Sudbury Real Estate Board issued a warning against an alleged rental scam connected to the website Prop2Go.com. The association suspects that rental listings on the website are copied from the brokerage’s real estate ‘for sale’ listings. While agreeing to rent properties without seeing the interior, potential renters were defrauded out of thousands of dollars in rent and security deposits paid upfront, according to the association.

Rental scams in connection to the website Prop2Go.com are apparently on the rise in Sudbury. The local Real Estate Board issued a warning against properties on the real estate website that are listed ‘for rent’.

The real estate association alleges that listing information from brokerages real estate ‘for sale’ listings were used to advertise ‘for rent’ properties on Prop2Go.com. ‘We’ve had clients and prospective renters begin to contact us in relation to these listings, asking questions about the rental, and we then let them know that this listing is for sale, not for rent,’ said Dreena Gilpin, Board President.

According to the Sudbury Real Estate Board, there have been cases of prospective renters who forwarded money as instructed paying a security deposit or the first month’s rent and subsequently, coming to the original listing agent’s office, asking for the keys.

As stated by the board, the scammers use various excuses to cover the numerous red flags regarding their listings. ‘They are then responding to these potential renters with requests for money and often extensive explanations as to why the property was for sale, why the sign is still up, and why they are renting instead,’ explained Gilpin. Additional red flags are the often required rental applications that request much personal information about the prospective renter.

The biggest red flag is the agreement to rent the advertised property without seeing the interior in prior. The board spoke of ‘explanations’ why the renter can only ‘drive by’ the offered property. Gilpin informed that potential renters should never send money or personal information without seeing the rental object fist.

If anyone in Sudbury suspects that a rental property may be falsely listed on this site, or believe their home is added from an existing listing, the Sudbury Real Estate Board is urging them to contact the listing agent immediately to confirm this information. Individuals can also help by reporting instances to the Greater Sudbury Police Service Fraud Online Reporting System.