Even with a global pandemic going on, some US renters still need to find a new place to live. The world keeps spinning and people are having to find ways to adapt. Unfortunately, as more people are turning to fully online resources to find their next property, it can be harder for some to tell fact from fiction. That is where Scamlord.ai steps in.
Online scammers are in full effect creating fake landlords and rental listings to lure people into fraudulent deals. Scamlord.ai is a new, AI-driven tool that helps people stay away from potential rental fraud.
Scamlord.ai was created by Onerent, a small-residential rental manager on the West Coast. This new tool is designed to help renters avoid losing money and personal information to rental scams. According to the Scamlord.ai website, the tool was created by gathering thousands of fraudulent rental listings over the past several years and feeding them into a machine learning model. When renters input listing information, the AI uses that to track patterns in the contact information which allows it to tell if the listing is actually a scam.
Rental fraud has become a huge problem in the U.S. market with over 5 million U.S. renters reporting losing money to rental scams. Scamlord.ai creators hope that their tool can help more renters avoid this type of heartbreak.
“We want to educate renters of the dangers of rental scams and save the money, risk, and fear of rental fraud. Any details we verify as scam will help us build a database of scammers,” said Rico Mok, co-founder of Onerent.
Scamlord.ai has a simple interface. All users need to do is input the listing phone number, email address, owner name, URL, and property address of a potential rental property and the AI will be able to tell if this is a legitimate listing.
The website also includes some helpful information for renters on how to spot a potential rental scam and what to do if they come across a fraudulent listing. Some of the warning signs include:
- Rental listings being priced at a huge discount compared to similar homes in the area
- Communicating with strange and sporadic emails
- Requesting money upfront via wire transfer or prepaid debit card
Scamlord.ai is helping renters navigate a frequently changing world by offering education and guidance on how to avoid becoming a target of rental fraud.