“Is it really safe to rent out your home while you’re away?” It’s the number one question I get when I mention that we can afford to travel so much because we rent out our home while we’re off to Istanbul or New York or Mexico City.
I wish I could answer that question with an unqualified “yes.” But the fact is that using our home as a short-term rental is always risky. That’s why we’re very, very careful.
To protect ourselves and our property, we keep our antennas tuned for scammers. We make sure our guests are who they say they are, communicate our house rules and expectations, check in with guests after they arrive, and have eyes and ears on the ground while we’re away.
Tip #1. Learn to spot the short-term rental scammers
Just about every short-term rental host I know has received at least one inquiry from someone who pretended to be a legitimate guest but was really out to make a quick buck. We almost fell for one ourselves not long ago.
I don’t have space to list every possible scam. Scammers can be particularly cunning, and new scams appear every day. But here are a few of the most common: [Read more…] about Is it Safe to Rent Out Your Home While You’re Away? Maybe.