The dynamics of New York City real estate market make it ripe for rental scams. With demand for affordable apartments consistently outstripping supply, many renters are at the mercy of the market and will pounce on just about any available listing that meets their budget. Although renters have been trained to act fast, it’s important to be able to discern between an authentic deal and a fake listing. Here are tips on how to avoid the bait-and-switch and other rental scams.
You Better Get to Know the Bait-and-Switch
The bait-and-switch is a sneaky move real estate agents will sometimes pull to reel in potential renters.