Be careful! Scammers favourite tricks when asking to rent your room

Many scammers are smart and most of them are residing overseas and telling you they like your room and will book the room with a deposit. After that, you will receive an fake email from paypal and informs you have received the money from someone (scammer). But before release the payment, PayPal requires you wire amount of money to that scammer.  Below is a  typical conversation for this trick, read it and you will understand how they play the tricks.

Below is the first email from scammer who claims to pay you deposit first

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Funds Are on the Way!Hello NAME,

You have just been sent a payment for rent. The fund has been deducted from the account of Tran Thi Kim and it has been legally confirmed. You will receive the money in your PayPal Account in about 3-5 working days. We’ll email you when this fund has been processed into your PayPal Account. You are to reply back to this payment notification for any further information regarding your transaction.

 

Transfer Details:
 
Amount: $2,345.00 SGD
Transaction ID:
03B15247598221109

Payment Details:
Sender: Tran Thi Kim
Subject: You’ve got money!

Sincerely,
PayPal


PROTECT YOUR PASSWORD:

NEVER give your password to anyone, including PayPal employees. Protect yourself against fraudulent websites by opening a new web browser (e.g. Internet Explorer or Firefox) and typing in the PayPal URL every time you log in to your account.

 



Did you know you can earn money with the PayPal Merchant Referral Bonus program? For details, go to 
https://www.paypal.com/nz/cgi-bin/webscr?cmd=_web-referrals-mrb-outside

If you don’t want to be notified when someone sends you money, you can edit your preferences by logging in to your PayPal account, going to your Profile, and clicking “Notifications”.



Copyright © 1999-2012 PayPal. All rights reserved.

Customer advisory- PayPal Pte. Ltd., the holder of PayPal’s stored value
facility, does not require the approval of the Monetary Authority of Europe.
Users are advised to read the terms and conditions carefully

==================================================================

And you will receive the second email in the next day from a fake PayPal

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Your Fund is Now Available!

Hello Your Name:
We will like to tell you that We have processed your money and it is now available and ready to be released into your Account. But in the PayPal transfer form filled by your tenant, We detected that the payment is for Deposit and Shipment of her personal stuffs from USA. We have confirmed in the PayPal transfer form filled that she added Mover Agent fee of $745.00 SGD to what was paid. You will deduct the Western Union/Moneygram Money Transfer charges. Therefore, Our Security Department and our User Protection Policy suggested that you are to wire the Mover Agent Fee now and send us the proof (Scanned Copy of the transfer receipt) for Verification so that we can be sure that both you and your tenant are very safe. Your money will be released into your account immediately after we verify that the fee has truly been transferred. This transaction was already processed and it cannot be reversed.

 

 

Transfer Details:
                                Sender:     Tran Thi Kim
                Transfer Method:     Auto Bank Transfer
  Total Amount: $2,345.00 SGD             
Transaction ID: 03B15247598221109

Fund Status:
Available

 


This is what you are going to do, you have to go to the nearest Western Union or Moneygram Agency and advance the Mover’s Company fee of $645.00 SGD to the address given below:

Surname:       Jin
Given Name:  Feng
Address:        1001, Wanfu Rd, Yuexiu,
Province:       Guangdong,
Postal Code: 518104
Country:        China.

 

 

and send us the Western Union/Moneygram Transfer Receipt given to you at the Western Union/Moneygram Office with:
(1) Sender’s First name (given name) and Last name (surname); 
(2) Receiver’s Name; 
(3) Transaction Reference Number; 
(4) Amount Sent;NOTE: We are going to release your whole money immediately into your PayPal Account after you have sent us the Western Union/Moneygram Details and you will be able to use your fund instantly.

Sincerely,

Paypal


PROTECT YOUR PASSWORD

 
NEVER give your password to anyone, including PayPal employees. Protect yourself against fraudulent websites by opening a new web browser (e.g. Internet Explorer or Firefox) and typing in the PayPal URL every time you log in to your account.


Did you know you can earn money with the PayPal Merchant Referral Bonus program? For details, go to https://www.paypal.com/nz/cgi-bin/webscr?cmd=_web-referrals-mrb-outside

 
If you don’t want to be notified when someone sends you money, you can edit your preferences by logging in to your PayPal account, going to your Profile, and clicking “Notifications”.
Copyright © 1999-2012 PayPal. All rights reserved.
 
 
PayPal Email ID PP1525
=========================================================================

And you will receive the third warning email a few days later from the scammer

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Money Transfer Details Needed!
Protect Your Account Info
Make sure you never provide your password to fraudulent websites.

To access the PayPal website or your account safely and securely, open a new web browser (e.g. Internet Explorer or Netscape) and type in the PayPal URL (https://www.paypal.com) to be sure you are on the real PayPal site.

PayPal will never ask you to enter your password in an email.

To learn more about protecting yourself from fraud, visit the Security Center. Click “Security Center” at the bottom of any PayPal page

 

Dear Bin Wen,

Thank you for using PayPal.
Note that PayPal verifies member’s account on a regular basis, this transaction ID: 03B15247598221109 has been verified and approved by PayPal Authority.
We will like you to know that this is a One-Way Transfer and it is irreversible as part of the measures to stop fraud. Many fraudsters would transfer money to another person and will want to stop the transfer after they have already received goods or services. We have to protect both you and the other party.
Therefore, You are now mandated to send the total sum of $645.00 SGD via Western Union/Moneygram Money Transfer through www.westernunion.com orwww.moneygram.com or you can find the nearest office to Western Union/Moneygram Office by following this respective links: http://www.westernunion.com/WUCOMWEB/staticMid.do?pagename=agentLocator&countryCode=US&languageCode=en&pid=usMenuAgentLocator&method=load&nextSecurePage=Y  orhttps://www.moneygram.com/wps/portal/moneygramonline/home/locations  Insert you address in the space and it will reveal the names and addresses of the Moneygram Money Transfer agents closest to you and forward us the transfer details such as:

1) Sender’s Name
2) Sender’s Address
3) Sender’s Country, State, City and postal Code
4) Reference Number(Transfer Number)

Receiver’s Information: 

Surname:       Jin
Given Name:  Feng
Address:        1001, Xinhie Road, Shenzhen,
Province:       Guangdong,
Postal Code: 100007,
Country:         China.

FAILURE TO DO SO IN THE NEXT 48HRS MAY LEAD TO LEGAL ACTION AGAINST YOU FOR PRACTICING SCAM WHICH IS AGAINST THE LAW

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A Message from FlatsDB:
ALWAYS REMEMBER, NEVER TRANSFER MONEY TO ANYONE YOU DO NOT KNOW.
Call Paypal customer service or 911 if you have find any suspicious transactions.

P.S:  This conversation is a real case provided by one of FlatsDB users. Appreciate him to contribute his valuable experiences to this community!

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Guaranteed Service For FlatsDB Room Owners

In an effort to offer effective service to our users, FlatsDB has introduced a host of new features that will make your experience on the website easier and more fulfilling.

1. Guaranteed Service

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With this feature, room owners only have to make one payment and their property is listed and featured until it is rented. This feature has no time limitation and contains all services available from FlatsDB. This means, your ad is highlighted and is labeled for as long as your room is vacant. Other special features of this service include:

  • Your ad is placed on multiple leading classified websites,
    If you welcome agents to help rent your room or apartment,
  • Over 6,000 agents using Facebook get to see your ad
  • 50 agents within the property’s district will receive an SMS that your property is up for grabs

Some of the reasons why the guaranteed service from FlatsDB is the ideal solution for you include:

  • You are guaranteed to receive over 300 views a week (this is 10 times what you get from ordinary listing) increasing your chances of getting a tenant tenfold
  • A combination of three plans (up to $65) in one: Featured Ad ($32.9/month), Highlighted Ad ($14.9/month) and Label Ad ($16.9/month) for $49.9 for an UNLIMITED duration
  • While purchasing each package separately will cost you up to $70 a month, the guaranteed service costs you $49.9 no matter the length of time the ad is live on FlatsDB
  • And your ad will be promoted on the internet by FlatsDB

How it works

FlatsDB’s guaranteed service will feature your ad across all the districts during the first 2 weeks and later your ad is moved to selected districts while highlighted and labeled until someone grabs your property. If your room is still not rented out within a month, you will receive an email from us to extend your guaranteed service for FREE.

2.    Email Notification

As a valued client of FlatsDB, you get the option of receiving email alerts directly to your inbox. There are a few types of notifications, all these notifications give you more insights about your ad performance on FlatsDB, so it would be easier for you to decide if you need to optimize your ad in order to get more calls from potential tenants.

Try and experience these new features and you will see just how easy it is to get tenants for your property on FlatsDB. 

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New features in Oct 2013 Release

As promised, we have kept improving FlatsDB in order to provide best experiences to our users. In Oct, we have released a few minor improvements, lets take a quick look of them:

1. Quick Search: This feature allows user to search listings by subject keywords, so when ad owners post their listings, do remember to add keywords in the subject and your listing will stand higher chance to be browsed.quickTab

2. Get Property Alert: When clicking on this link, you need to fill in your alert criteria. And any new matches will be sent to your email. This feature does not require you to signup or sign in, but you need to activate the alert subscription first as an activation email will be sent to your email as soon as you subscribed the alert.

3. Quick Link Tab: We now have 3 new tabs on top of listings on homepage, this will serve as a quick link to access different listings. We will continue add more quick link tabs later and this will eliminate users’ efforts to perform the search.

4. User Roles: previously, users signed up via facebook will be assigned as room owner by default,  this is quite annoying for property agents. So in this release, we allow new users who sign in via facebook to choose their roles.

contact

5.  Improved UI on View Ad Details page: We have placed another ad owner’s contact info section on the bottom of the view ad detail page. This makes readers contact ad owner more conveniently.

 

 

Try and experience those new improvements and let us know what you think. There are some major new features to be released around Nov, get back to us and see how those new features could help room owners to rent their property faster!

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Renting in Singapore? Know what Fees apply!

Now that you’ve decided to rent an apartment in Singapore, it’s time to decide whether you have the finances to rent it. Of course, it goes without saying that, as part of your hunt for the perfect room, you would have checked out the Monthly Rental value first. It’s no point moving the rental process any further if you can’t afford the rent that the landlord is expecting. But you’ll also need to make provisions for an appropriate Security Deposit. Although you will probably get a full refund of this amount (interest free) once you vacate the premises, it is still something you need to plan for.

Other Commissions and Fees  

But there’s more than just monthly rent and a security deposit that you must plan for as part of the Singapore room rental process. While those two items are the most obvious, renters must also be aware of a few other expenses they will face when they decide to rent a room.

real-estate-commission-agent-broker-PropertyBuys.com-traditional-lawyer-appraisal-fee-Condo.ca_-600x330Agent’s Commissions: If your lease is for a period of 24 months or more, your landlord will typically pay the agent 1 month’s rent for every 24-month lease period. This amount is usually split according to a mutually agreed formula if there is more than 1 agent involved in the transaction. Where there is a 12-month lease involved, a commission equivalent to half a month’s rent is payable by both the landlord and the tenant. However, for rents of S$2,500 or less, both landlord and tenants are liable to pay commissions to the agent in accordance to the formulas discussed above.

One very important thing to remember is that you should never pay cash for the commission, directly to your agent. Instead, request him/her to provide you with an invoice for the amount payable. Then, use a cross-cheque and make it payable to the agent’s Agency, instead of to the agent’s name.

Stamp Fee: Stamp Fees are the responsibility of the tenant, and are usually remitted to Inland Revenue Authority of Singapore (IRAS), on the tenant’s behalf, by his/her agent. Here’s how to work out how much Stamp Fee you will have to pay:seller_stamp_duty

  • Lease of up to 1 year: For every S$250 of annual rent (or proportion thereof), you pay S$1 in Stamp Fee
  • Lease of between 1 and 3 years:  For every S$250 of annual rent (or proportion thereof), you pay S$2 in Stamp Fee
  • Lease greater than 3 years or indefinite period:  For every S$250 of annual rent (or proportion thereof), you pay S$4 in Stamp Fee

Utilities: You will also need to make provision for Utility deposits payable to the Singapore Power Services (SP Services).  Check out SP website to ensure you are aware of the latest rates for such deposits. The installation charges and the monthly bills for the following services are the tenant’s responsibility. Some of these may be optional (e.g. SCV), and payable only if you subscribe to a utility or service:

  • SP Services – for water and electricity supply
  • City gas – for piped gas in selected areas
  • Singapore Telecom- for residential telephone line
  • Starhub Cable Vision (SCV) – for cable television and cable broadband internet.

Looking for options?

caculateBefore you make any decision to rent a room in Singapore, check out the vast array of homes and condos listed at FlatsDB.Com and you will also find lots of direct owners there. If you don’t immediately find the dream home, room or condo of your choice, you’re bound find some great tips and hints that’ll make your Singapore apartment rental process that much easier – guaranteed!

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First Time Renter in Singapore? Here’s all you need to know about your Tenancy Agreement (TA)

When you rent rooms in Singapore, the Tenancy Agreement (TA) is one of the most important documents involved in the process (the other one being the Letter of Intent (LOI)). The TA is the contract that binds both parties into the leasing agreement. You will need to provide copies of other documentation, such as Passport, Employment Pass or Identity Card, to the landlord.

TABoth you and the landlord of the property being rented must sign the TA for it to be binding and effective. Usually, your agent will work with the landlord’s agent to finalize all the applicable clauses in the TA. Some of those clauses may include:

Leasing Term: Tenants usually rent rooms in Singapore for either a 12 or 24-month lease term, with an optional equivalent renewal factored in. Landlords may prefer longer leases to lock in higher rental value. Be advised also that the lease renewal may not necessarily be at the same rental value as the original lease. The TA will not only clarify the term of the lease, but also its start date and the period (months) of the lease.

Rental value: Commonly, landlords will accept monthly rental payments. However, other rent payment frequencies could also be mutually agreed. The TA speaks to the amount (rental value) of rent that is agreed upon, and also stipulates a payment day (e.g. “…on the 14th day of each calendar month.”)

Security Deposit: The common amount of this deposit in most Singapore room rental deals is one month’s rent for each 12 months of the lease. Landlords will return it to you - interest free – at the time you vacate. However, deductions may be made for damages or other outstanding amounts in accordance with the Tenancy Agreement. The TA not only stipulates how much the Security deposit amount will be, but also indicates the time (e.g. “…fourteen (14) days at any expiry or lawful termination of this tenancy…”) within which you will receive a refund of your Security Deposit payment.

Access to your room: Remember, you are only “leasing” and therefore not an “owner”. The Landlord may therefore have clauses in the TA where in you are required to grant him/her reasonable access to your room, even if you continue to occupy it. This could be to facilitate new renters or potential buyers to view the premises, or for applicable repairs.

Subletting & Alterations: Most Landlords will include clauses that forbid you from doing either, unless you have explicit permission from them. So if your intent is to make some alterations, or to have other “co-renters” share the premises with you, then you should speak with the Landlord up front and, if needed, make changes to these clauses in the TA.

Diplomatic Clause: This is an extremely important clause dictating possible termination of the tenancy in case of changes to your employment status. Remember, you will have to provide documentary evidence of such change in order to invoke this clause.

Make sure that you:TA2

• are prepared to pay the Singapore Power Service (SPS) a deposit to turn on the utilities for your room/home
• pay attention to Termination and early termination (En-bloc) clauses

• understand the consequences of missing rental payments (read the fine print!)

• subletting clauses, if applicable

• review and verify supplementary information such as the Inventory of Contents

And that’s pretty much everything important you need to know about the Singapore room rental process!

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Finding and hiring property agents in Singapore

Singapore is always drawing new tourists and citizen to its shores. With the constant influx of people, more places are becoming available in the singapore room rental market than ever before. Being new to the country, it is easier for people to take advantage of you as you look for a house for rent in singapore. This is why you should consider finding an agent to help you ensure your transition to Singapore is as easy as possible.
agent2

Professional agents are readily available when you are looking to find an apartment for rent in singapore. In some cases, landlords will consider you more favourably if your agent comes to them than if you tried to approach them on your own. You want to be careful, however, as you decide on your agent. Make sure that the agent you are considering working with is registered with the IEA – Institute of Estate Agents. While it might seem a bother to you, it will be worth it in the end. The IEA works by a standard set of rules and regulations, so you will protect yourself against possibly going with a rogue agent who charges you more than they should for their service in finding you an apartment for rent in singapore.
As mentioned, agents aren’t hard to find once you begin looking. Do make sure to give yourself some ‘wiggle room’, however, when you begin looking, sometimes it can take several tries before you find the agent that works best for you. One of the best ways to find a good, professional agent is to ask your Singapore friends who they recommend. When an agent has done good work, people are very quick to refer them to their friends. And, at the same time, they will also be quick to warn you about the agents that you don’t want to go to. Alternatively, you may find property agents on some reliable home rental websites.
agent1

And once you have gone through all the hard work of finding a good agent, your job is almost over. Your agent will be able to show you the best house for rent in singapore and negotiate them for the best price. You will be glad you put in the effort to find a registered IEA agent in the end – especially when you are able to move into your new place and begin enjoying the culture and scenery in Singapore.

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Overview of Singapore property rental market

There are few transitions in life that can be more exciting, and scarier, than moving to another country. Whether you are transferred for your job or you make the decision to move on a whim, one of the first things that you will have to contend with is finding a place to live. Renting an apartment is a great option when you first arrive, but there are many issues to consider. Let’s examine the rental market in Singapore so that when you arrive, you will feel confident in the decision that you make.

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Singapore HDB Flat

​ There are basically three choices you have when renting. Your first option when arriving in Singapore is room rental. In Singapore this consists of a furnished bedroom in a home. You will share access to the common areas and bathroom with the others that live in the house. This is ideal for an individual or couple. There are multiple websites on online that advertise rooms for rent in Singapore. It is worth noting that the some of them advertise that they are not owner occupied. The average cost per month for room rentals in between $500 and $1000 USD per month. Advantages include that you will be in close proximity to others and this most likely will make it easier to find friends and learn about the area. Disadvantages include that you have to share everything except your bedroom.

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Singapore private apartment

​ Your next option would be to find an public HDB flat or private apartment for rent in Singapore. This will be pricier, but it allows you more privacy and many private apartment complexes in Singapore offer fabulous amenities including pools, fitness centers, Wi-Fi, and a large lounge for renters to use. Apartments can be found with any number of bedrooms and bathrooms so this is an ideal choice for singles, couples, or families. The average rent in Singapore is between $1500 and $3500 USD per month. Most require you to sign a lease for at least six month. Advantages include privacy with great amenities and a chance to meet many new people. Disadvantages are that they are more costly than renting a room and you can be stuck there for a while when you sign a lease.

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​ Your final option is to find a house for rent in Singapore. You will find that there is less of a selection when opting for a detached home, but they can be found. You can go through a real estate agency or rent through the individual owner. Advantages include a significant amount of privacy, but drawbacks can include feeling isolated or having a harder time meeting others. Rents average from $2000 USD and up. They may be furnished or unfurnished and again, most require you to sign a lease.

It can be tempting to rent a place online before you actually arrive in Singapore to save money on a hotel. This is not advisable, however, because you really should see a place and its location before moving in. Anything can be made to look wonderful in photos! Good luck on your adventure!

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What is new in Aug release

A new version will be released on 8 Aug 2013 and there are a few major improvements in this release:

1. Better compatibility with IPAD.  This version of FlatsDB allows user to browse, post and view ads with IPAD. We have moved the dynamic search from the top to the right on the homepage and converted it to traditional search form, this improvement makes the search function fully compatible on any devices and browsers. Additionally, we have fine tuned the post and view ad pages to ensure the IPAD compatibility.

2. Partnership with leading classified websites in Singapore. We have established partnership with a few leading classified websites in Singapore like olx, locanto, trovit and mitula. This means all listings published on FlatsDB will be listed to those websites as well. With this partnership, all listings on FlatsDB will get much more exposure on the internet and we are continuing to find ways to help our clients to promote their listings.

3. Rental match alert.

flatsdb email alert

flatsdb email alert

This simple feature allows any user to subscribe rental match alert, if there are any new listings match users’ search criteria, the listings will be pushed to users’ email. Not like other websites, this alert service does not require any sign up and it is set on the fly.

4. More social features. We are a little bit behind on social network, but we are catching now. This feature allows user easily to share their listings to facebook, twitter or google+. User can do this after posting a listing or when viewing a listing or while managing his listings. Everyone should know the power of social and we encourage all of our users to leverage the social network to gain more views for those listings. More importantly, please google+ or like us on FlatsDB homepage since this will help our website more prominent on the search engine, as a result, your listings will get more views!

newlook5. FlatsDB has a new skin. The look and feel of the website has been revamped. This is to make information on FlatsDB more clean and well organised. Additionally, it offers room for us to add more features in the near future.

 

 

6. More quick links on the website. We provides plenty of quick links on the website, so user can locate their rentals in seconds. Hopefully, this saves our users’ hassle when hunting their rentals on FlatsDB.

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Planning to rent? Being commission savvy helps!

Whether you are searching for a HDB room for rent in Singapore, or whether it is any other private, commercial or industrial premises that you are looking to rent; knowing what the property agent commission guidelines are could save you tonnes of money.

agent commissionBeing familiar with these rules may be especially helpful if you are a foreigner, or if this is your first rental. In the paragraphs below, we’ll take a look at what the broker or agency commission practices around rental properties are.

No “rules”, just “guidelines”

As a prospective renter, searching either for a Condo for rent, or for any other type of rental property, the first thing you should be aware of is that there are no hard-and-fast rules for rental commission payable – either by the landlord or the renter. So if someone tells you that ”The law requires you to pay x%, y% or z% as rental agent commission”, they are probably not being forthright with you! The law does not enforce any commission rates when renters agree to rent or lease a room or a condo.

Most likely, when you are searching for a room for rent in Singapore, you will be dealing with brokers/agents who are associated with the Institute of Estate Agents, Singapore (IEA). And the IEA does not mandate any specific commission rates, rather it provides general guidelines and best practices to be followed by landlords, tenants and brokers/agents.

Having said that however, you should be aware of the “norms” that are currently applicable to commissions payable. And generally speaking, such remuneration is based on the level of service that the broker or agency offers, or upon the satisfactory conclusion of the transaction.

In all cases, the commission payable is mutually agreed upon between the service provider (broker/agent) and the renter. Generally accepted commission practices:

As a prospective tenant, here are the general guidelines for rental commission that you should

a) If your tenancy term is at least 24-months, and the monthly rent for the property is above $3,000, then you are not expected to pay any broker/agency commission
b) Should your tenancy term be less than 24-months, and in the event that the monthly rental value is below $3,000, then your commission could range between half-a-month to a full-month’s rental value

As indicated previously, these are simply broad guidelines proposed for determining rental commission payable by tenants. Your commission/fee could be different from these guidelines, if, for instance, you request some additional services from your service provider. For example, you may try to rent at a very specific (seldom sub-let) location, or you might wish to rent a very specific property, or you might be looking for an expedited closing date. All of these may cause the broker/agent to expend greater than normal effort in the transaction, which could mean additional commissions/fees are applicable. Regardless whether you are looking for a private residential condo, house or an apartment for rent, there are additional guidelines that foster transparency in the rental transaction. For instance, IEA suggests that when dealing with a professional broker/Agency, your service provider is also not expected to accept any commission / fee from both you (the Tenant) as well as your Landlord, in the same transaction, unless he/she has received prior consent of the Landlord and Tenant.

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