Living with a housemate can save you money on rent, utilities and household expenses, but finding one online can open the door to potential scams. When looking to rent with a roommate, here are a few things to keep in mind:
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Be aware of scams
For any rental search, being alert for potential bad actors is always a top priority. Some due diligence can go a long way to protect yourself.- Is the price too good to be true?
One clue to a potential scam is the rent is low for the neighborhood. Research rental prices in the area to get an idea of the range of rental prices for the size and amenities you’re looking for. - How is payment collected?
Be wary of prospective landlords and roommates that request payment via cash, wires or money orders. - Landlord is away and can’t meet in person
Never let a potential roommate pressure you into making any payments before meeting in person and seeing the space. If you have any concerns about the potential housemate, try meeting in a neutral, crowded location like a coffee shop for your first meeting.
- Is the price too good to be true?
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Run a background check
Performing a background check can give you confidence the person is who they say they are. It can also alert you to problems that may not come up during an interview.
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Ask for references
Past landlords and previous tenants can provide details about what it may be like to live with the potential roommate or landlord. Even if you believe you’re a good judge of character, another person’s personal experiences can provide peace of mind.
Additional resources:
Rental Scams: How to Recognize and Avoid Rental Fraud
What makes a listing suspicious?