As rents, home prices, and inflation surge in today’s highly competitive real estate market, the FBI Boston Division is warning the public about the risk of rental scams, and the need to be cautious when posting and responding to rental properties and real-estate online.
“We have seen a significant increase in the amount of money being lost by people who are desperate for a good deal. Scammers are cashing in on renters who need to act quickly for fear of missing out, and it’s costing consumers thousands of dollars, and in some cases, leaving them stranded,” said Joseph R. Bonavolonta, Special Agent in Charge of the FBI Boston Division. “We are asking everyone to exercise caution, especially over the next few months, as folks look to book last minute summer getaways.”