What exactly do we mean by renters beware? If you plan on renting an Orange County home there are things that you can do to protect yourself and your family from losing your security deposit and getting taken advantage of by unscrupulous landlords who are financially unstable.
How To Make Sure A Landlord Is Financially Stable
To make sure a landlord is financially stable and not facing foreclosure, ask for the landlord’s mortgage coupon. This is an important step because; it will enable you to have confidence that your future landlord is current on their mortgage and not trying to squeeze more money out of the property before they foreclose.
Do An Online Background Check
If someone who is planning on renting an Orange County home has reservations about the landlord or property owner, the easy way to gain confidence in the landlord is to run a background check on that person online.
Thanks to the Internet an online background check costs about $45 and it can save any renter time, money and the hassle of losing their deposit with a financially unstable landlord.
Online Research Pays Off
Another great way to have confidence that a landlord is financially stable, and legitimate, is to research their name online; if the landlord has been an active landlord for a while it’s likely that there will be positive or negative feedback for that landlord on the internet.
Still have questions about how to protect yourself as a renter? Contact Fred Sed & Associates today at (949) 272-0125.