However, if you’re thinking about renting a house or condo, be careful. You could have great results… or you could rent a dud or get scammed.
This year, the Federal Trade Commission received thousands of complaints from consumers related to vacation rental scams.
Some complaints are from people who wired money to lease a vacation property, and then learned that the person they were dealing with wasn’t the actual owner. Other complaints are from renters who were asked to pay upfront using PayPal. They found out later that PayPal doesn’t offer the same protections for services – such as real estate rentals – as for physical items. In both of these types of cases, the people wanting to rent a vacation property lost money.