Locksmith scams rise as agents face unregulated sector
Original Article Summary
Estate and letting agents are being warned about an increase in locksmith scams, as new data shows 4,000 Google searches for "locksmith scam" in the past month. The unregulated sector has seen searches for emergency locksmiths rise by 60% over the past year. The post Locksmith scams rise as agents face unregulated sector appeared first on PropertyWire.
PropMatch Curated Analysis
Rising locksmith scams in an unregulated sector pose operational risks to letting agents and property managers who rely on these services for tenant lockouts and property management.
Investor Relevance
Property managers and letting agents face increased operational costs and tenant disputes from fraudulent locksmiths who exploit emergency situations with inflated charges, requiring improved vendor vetting procedures.
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