Renter Applicant FraudMore Thoughts, Advice from Experts

         Last month I shared information about fraudulent renters in South Park and owners’ experiences dealing with the fraud. The article is on the SPNA website - https://www.spna-dtla.org/blog/fraudulent-renters-in-neighborhood-condo-owners-experiences  if you want to read or re-read.

This month I am sharing a link to an article on the subject by the CEO of SNAppt, an AI-enabled fraud detection software company, that reinforces and expands on the warning that all rental property owners/managers wishing to rent their properties in today’s rental climate must pay critical attention to the growing possibility that tenant applications might be fraudulent.

According to the article forwarded here by Apartment News Publications from the 2024 National Multifamily Housing Council survey, there was an estimated 40% increase in fraudulent applications in their portfolios over the past 12 months!

Click on the link if you’d like to learn more:

https://aptnewsinc.com/news/applicant-fraud-uncovered-how-to-protect-your-communities/

By John Nilsson