That vacation rental listing could be a scam. These are the warning signs to look out for

That vacation rental listing could be a scam. These are the warning signs to look out for


Ozgurcankaya | E+ | Getty Images

Biggest warning sign

The biggest red flag that a listing is a scam is when you are asked to leave a listing platform such as Vrbo or Airbnb in order to provide a payment, Couch-Friedman said.

A fake real estate owner will ask a consumer to send $500, for example, via an online payment platform such as Zelle. Those transfers are instant and cannot be reversed, Couch-Friedman said.

“The best payment method for any kind of vacation rental would be credit cards, because then you have [the] protection of the Fair Credit Billing Act,” Couch-Friedman said. “If you are scammed, your credit card company can get your money back.”

So, remember to book a listing you found on a well-known website on that website only. “As long as you stay within the platform from start to finish, from payment to deposit, it’s very difficult to become scammed,” Couch-Friedman said.

More red flags

Also, be on the lookout for fake listings. These will often appear as new posts with no reviews, Couch-Friedman said. In her notice, James also warned consumers to look out for fake reviews, such as more than one review repeating the same phrases.

The listing may also have grainy photos. By taking a screen shot of the photos and doing a search on Google Images, you can find out if it exists elsewhere. If the image shows up for another listing in a different location, or in an unrelated context, such as a furniture advertisement, then it’s a scam, Couch-Friedman said.

It’s also a good idea to message the owner before you commit. Of note, this correspondence should only happen on the listing site, according to James. A scammer may not get back to you right away or respond in proper English, according to Couch-Friedman.

Also be sure the host or owner has a valid address and phone number, James recommends.

The good news is that if you read the terms and conditions for the listing site you’re using, and you stay on that platform, you can reduce your chances significantly of getting taken.

If you run into legal issues with potential schemes, it is best to contact your state’s attorney general, Couch-Friedman said.



Source

Lunar New Year gives luxury brands a chance to win back big spenders in China
Business

Lunar New Year gives luxury brands a chance to win back big spenders in China

Luxury brands from Harry Winston to Loewe are going all in on Lunar New Year collections in a bid to attract Chinese customers. Ahead of the Year of the Horse, which starts on Tuesday, Harry Winston unveiled a limited-edition, $81,500 rose gold watch with diamond bezels and a red lacquer horse. High-end fashion brand Chloé […]

Read More
AI disruption could spark a ‘shock to the system’ in credit markets, UBS analyst says
Business

AI disruption could spark a ‘shock to the system’ in credit markets, UBS analyst says

Mesh Cube | Istock | Getty Images The stock market has been quick to punish software firms and other perceived losers from the artificial intelligence boom in recent weeks, but credit markets are likely to be the next place where AI disruption risk shows up, according to UBS analyst Matthew Mish. Tens of billions of […]

Read More
How packaging and logistics companies are automating their warehouses
Business

How packaging and logistics companies are automating their warehouses

DHL Autonomous Robot at work. Source: DHL Workers at DHL Group used to walk close to a half marathon each day just to classify, pick and move items across massive warehouses. Now, their distance and efforts are greatly reduced by autonomous mobile robots that can unload containers for the package delivery and supply chain management […]

Read More