The best way to avoid evictions is to adequately screen applicants—yet it’s easier than ever for tenants to alter documentation, such as pay stubs and bank statements, so they can fraudulently qualify for units.
The digitization of the rental application process has led to rampant application fraud. In the past year, 97% of property managers have experienced application fraud, which accounts for an estimated 50% of evictions. At $7,000 or more per eviction, this is an expensive problem for landlords.
To reduce evictions, you need to address the growing problem of document falsification.
WHAT'S DRIVING FRAUD?
This report provides insights into the scope of the problem and methods for tackling this daunting challenge.
Find Falsified Documents
Snappt is the ONLY platform that can minimize the risk of tenant fraud by identifying falsified documents. Snappt reduces the risk of bad debt with revolutionary data-driven fraud detection software.
By implementing Snappt into your current leasing flow, you can provide your team with the necessary tools to combat this unchecked problem.
