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Posted by Mark Smith on March 06, 2000 at 10:24:53:

In Reply to: Re: Cash Deposit and rent payments posted by richard on March 02, 2000 at 09:01:32:

Richard,

This is an excellent answer. But how long will it be until the old Richard returns?

: RUN AWAY, FROM THIS..........

: Either the apartment is Illegal, or the "landlord" is not really a
: landlord and will upscound with the money.... like trying to rent the
: apartment to 3 or 4 people so when they try to move in next month there
: is no apartment for rent.....SCAM!!!!

: Or he is not reporting the rent to the IRS, or he is in serious
: finacial trouble and will try and evict her in a couple of months for
: some mickey mouse reason

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: : My daughter is about to rent an apt. in Brooklyn. The landlord wants a $4,000 deposit all in cash, and monthly rent in cash. Money orders or bank checks are not accepable. Is this a standard procedure? It makes us nervous. How do we evaluate the risk of this transaction? For us Vermont people, that's a lot of cash to give someone you don't know. Thanks for your advice.

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Comments:
: Richard,

: This is an excellent answer.  But how long will it be until the old Richard returns?


: : RUN AWAY, FROM THIS..........

: : Either the apartment is Illegal, or the "landlord" is not really a
: : landlord and will upscound with the money.... like trying to rent the
: : apartment to 3 or 4 people so when they try to move in next month  there
: : is no apartment for rent.....SCAM!!!!

: : Or he is not reporting the rent to the IRS,  or he is in serious
: : finacial trouble and will try and evict her in a couple of months for
: : some mickey mouse reason

:  -------------------------------------------------

: : : My daughter is about to rent an apt. in Brooklyn.  The landlord wants a $4,000 deposit all in cash, and monthly rent in cash.  Money orders or bank checks are not accepable.  Is this a standard procedure?  It makes us nervous.  How do we evaluate the risk of this transaction?  For us Vermont people, that's a lot of cash to give someone you don't know.  Thanks for your advice.


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