5 Common Rental Scams in Vancouver and How to Avoid Them

Navigating Vancouver’s competitive rental market can be overwhelming, and unfortunately, rental scams are a growing issue. Both landlords and tenants need to be vigilant to protect themselves from fraud. Here’s a guide to the most common rental scams in Vancouver and tips on how to avoid falling victim.

1. Fake Property Listings

How it works: Scammers create fake listings for properties that don’t exist or belong to someone else. They entice renters with below-market prices and ask for deposits before viewing the property.

How to avoid it:

• Always visit the property in person or arrange a virtual tour.

• Verify the ownership of the property through public records or online property databases.

• Never send money without signing a lease and meeting the landlord.

2. Phantom Landlords

How it works: A scammer poses as the landlord or property manager, collecting deposits or rent without any legal ownership of the property.

How to avoid it:

• Request identification and proof of ownership or management rights.

• Be wary of landlords who refuse to provide written agreements.

• Consult a property management company for assistance in verifying legitimacy.

3. Overpayment Scams

How it works: A scammer posing as a tenant overpays rent with a fraudulent check, then asks for the excess to be refunded. Once the bank flags the check as fraudulent, the landlord is left out of pocket.

How to avoid it:

• Only accept payments through secure, verified methods.

• Wait for checks to clear before issuing any refunds.

• Work with a property management service to handle rent collection.

4. Rental Application Fraud

How it works: Tenants provide fake references, employment details, or credit histories to secure a lease. This can lead to unreliable or non-paying tenants occupying your property.

How to avoid it:

• Use a thorough screening process, including credit checks and reference verification.

• Contact employers and previous landlords directly to confirm details.

• Partner with a professional property manager for tenant screening.

5. "Key Deposit" Scams

How it works: Scammers claim they will reserve the rental for a tenant in exchange for a key deposit. They disappear after collecting the money, leaving the victim without access to the property.

How to avoid it:

• Avoid landlords who demand cash-only key deposits.

• Ensure all financial transactions are documented in the lease agreement.

• Use a trusted rental platform or property management service to mediate payments.

Protecting Yourself in Vancouver’s Rental Market

Whether you're a landlord or tenant, here are some universal tips to stay safe:

• For Tenants: Research rental platforms, meet landlords in person, and avoid deals that seem too good to be true.

• For Landlords: Screen tenants thoroughly, secure your property against fraudulent use, and consult professionals for assistance.

Why Choose Calmora Properties?

Rental scams can lead to financial loss and stress for both landlords and tenants. At Calmora Properties, we specialize in professional property management services to protect your interests and simplify the rental process.

Contact us today for expert assistance in navigating Vancouver’s rental market safely and effectively!