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Off-campus student housing markets have limited stock, leading to high prices, tight decision timelines, and aggressive tactics used by landlords. It's common for students to be asked to skip vital precautionary steps to rush into rental agreements without properly vetting the property. Surveys indicate that most students have encountered an online rental scam when looking for off-campus housing near their university. 15% of students have contacted a scammer without initially realizing it and of those 15%, more than 98% of those students said they paid and lost money to fraud.
International students, unfamiliar with common rental procedures, are often asked for wire transfers for deposits and to sign leases for sight-unseen rentals.
SmartRenter Student Shield program offers off-campus students an added layer of assurance that the property they want to rent is legitimately owned by the landlord representing it, and that the landlord and property are likely to be financially and physically safe. As a population that is so frequently targeted by these scams, it is SmartRenter's goal to work on their behalf.
SmartRenter Inc. is not a consumer reporting agency as defined by the Fair Credit Reporting Act (FCRA). It is PROHIBITED by law to use our service or the information it provides to make decisions about consumer credit, employment, insurance, tenant screening, or for any other purpose subject to the Fair Credit Reporting Act, 15 USC 1681 et seq. SmartRenter does not provide consumer reports and is not a consumer reporting agency. SmartRenter does not make any representation or warranty about the accuracy of the information available through our website or about the character/integrity of the person about whom you inquire per our Terms & Conditions.