Rental Scam Alive and Well in Denver

If nothing else Nigerians are creative people. The latest hoax out of the African continent is being delivered to us via Craigs List, the popular bulletin board service that serves everything from jobs to homes for sale.

Several months ago my broker had a home for sale that was targeted by these crooks. The put a “For Rent” ad on Craigs List with a rental amount that was far less than the going rate. Included in the ad was the address, so prospective tenants were driving by the property checking it and the neighborhood out.

What the Nigerian scammer didn’t know or count on, was the fact there was a FOR SALE sign in the yard. Yup. It was a normal real estate sign with telephone numbers etc.

So the telephone starts ringing, Larry the listing agent (my broker) begins to get these odd telephone calls wanting to see the property for rent. “Well no,” he replies “the property is not for rent it is for sale. Are you interested in purchasing a home?”

“No, I’m calling on the ad in Craig’s List.” insisted the callers

Finally he figured out it wasn’t a mistake, nor did the owner place the ad. It was the dirty double dealer in Nigeria.

The ad would come in go in Craig’s List, annoying Larry and all that got caught up in it. Eventually they moved on to other properties. Yesterday CBS 4 News reported on the same scam being purpetrated on others. In fact some people even lost there money.

Oh my!

Why I ask would anyone in their right mind send money out of the country to rent a home? And to Nigeria? Hello?

Rules for Renting:

Any good intending homeowner or professional manager, will be taking an application from you. While they check you out, you check them out!

  1. Home ownership is a matter of public record. Check it.
  2. In Colorado Property Management companies are licensed by the State. Check them.
  3. Don’t send money until you are certain of ownership, management in charge and if the keys actually work. (Of course most anybody can have a vacant property re-keyed, so that may not be the best advice).

Footnote in Defense of Nigerians

A few years ago one of my agents had the pleasure of dealing with a family from Nigerian. She loved working with them as they treated her respectfully and were most pleasant to deal with. This leads me to conclude there are actually nice people in Nigeria, unfortunately there are also a bunch of crooks that give everyone else a bad name.

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About the Author

Kristal Kraft
Kristal has been helping buyers and sellers in Colorado since 1984. She enjoys sharing her knowledge of the Metro Denver Real Estate market via blogging and in person while driving around the beautiful Rocky Mountain town of Denver! For fun, Kristal enjoys shooting things with a Canon. Visit Denver Photo Blog

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6 Comments

  1. Posted December 4, 2008 at 1:58 am | Permalink

    It’s not just the Nigerians that are using Craigs List. A local Atlanta agent would put another agents listed properties on Craigs List as her own in an attempt to generate buyers for the property. First off that is an ethics violation for advertising the property listed with another broker without written authorization. A buyer that I was working with emailed me a link to the property on Craigs List and when I accessed the actual listing, Bingo, different listing agent. To say the least the listing agent did not appreciate what this unethical agent was doing.

    NOTE: The unethical agent is now seeking employment in a different field. It’s hard to work in real estate without a license.

  2. Posted December 4, 2008 at 2:51 pm | Permalink

    LOL! Good for the listing agent. I wonder if the one who lost her license knew she was in violation? So many agents are unsupervised and totally clueless these days.

  3. Posted December 5, 2008 at 11:27 am | Permalink

    We have tons of these going on in New York City. @ Mack, I can’t believe other agents are doing such things. That is crazy!

    dave in NYCs last blog post..Manhattan Rental Rates Fall Again

  4. Bob
    Posted December 21, 2008 at 8:03 pm | Permalink

    Here’s how it works; I experienced it first hand: I am new in the Denver area and was looking for a place to rent on Craigslist. I found what seemed like a fantastic deal in Wash Park. I sent an email to the poster. My wife drove by and got the listing agent’s phone number. She was getting crazy calls all week. A few hours later, I received an email back from the poster and sure enough, a Nigerian scammer. They included a full application with the email and an address where to send it with my first and last month’s rent. I immediately sent the information to the listing agent, and filed a fraud complaint with Craigslist.

  5. Posted December 21, 2008 at 8:26 pm | Permalink

    Bob ~ I am so glad your nose was able to smell a BAD DEAL! What an annoying hassle to have to spend time on.

    I hope you and your wife have found a nice, RELIABLE place to rent!

    Happy Holidays to you!
    kk

  6. mo
    Posted October 15, 2009 at 7:05 am | Permalink

    As a Nigerian that has been living in Denver for about 3yrs,It is really disheartening to read stories like this but most times we have to look deeply into this phenomenon for i do find fault on both sides of the coin
    to me it is just plain greed going all around for when a deal looks too good to be true,we always tend to stay around and muddle our accounts up simply because that greedy aspect of the human being takes over and we tend to loose all sense of reasoning.
    Do not get me wrong,what some of these Nigerians are doing is totally disgraceful but we should always try to get to the end of issues before we start labelling anything that have got to do with scams “Nigerian” afterall,MADDOFF is not and never wll be Nigerian,
    All countries on earth have their unscruppulous elements but generalizing that nation in that pronoun is totally wrong for I never generalized Americans as a land of racism,serial killers and burger eating smogs despite the local media back home feeding you such deficiencies.
    Guess what I am trying to ramble about is that
    1 whoever falls for these scams should equally be blamed
    (No one has an oil well in his/her backyard)how ppl fall for this beats my imagination
    2 Scams happen everywhere,Nigerians probably made it popular but its a general thing nowadays(Foreigners living in nigeria who scam ppl also
    3 Most Nigerians are hardworking,honest and openly loving people,lets try and dwell on that aspect a lil bit more for no country on earth is perfect

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  • Welcome to Denver Dwellings where I write about Denver real estate trends, where to live, eat, play and how to buy or sell a house in Colorado. This part of the world is where I call home, it is a place I love and I hope that joy shows through!