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Victims of Rental Scams Lose The Most Money In The Summer

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The summer months tend to heat up the rental market but victims of rental scams lose the most money in the summer (iStock)

Across the country, the summer months tend to be the busiest for renters. The weather is generally milder and more predictable, children are out of school and new graduates are entering the workforce for the first time.

But amid the hustle for moving trucks and wardrobe boxes, scammers enter a busy season of their own.

Although most rental scams are reported in January, victims lose the most money during the summer, according to a new report from Apartment Guide.

Analyzing data from the Better Business Bureau’s national rental scam tracker from 2016 to 2020, the report found that in the past six years, victims lost the most money in May, followed by June and August.

The federal government defines rental scams as incidents in which property owners or potential tenants misrepresent themselves, or misrepresent the terms and…

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