Confronting Costs of Tenant Fraud

How property managers stay ahead of technology-enabled application fraud 

Property managers are in a race against fraudulent rental applications

One in every three applications contain some form of fraud. Moreover, applicant fraud in the residential rental market has increased 9% month over month since the COVID-19 crisis hit.

With rates like these, how can property managers outpace tenant fraud even as technology-enabled tampering makes it harder to catch? To find out, Snappt commissioned a survey on the topic.

The results are eye-opening.

Confronting Costs Rental Fraud Report 2020 Cover Icon

 

Get the full survey report:

Get the full survey report:

Applicant Fraud is Increasing

Fraudulent applications are on the rise

Fraudulent applications are growing 10-15% annually.

12 percent eviction rate

The typical annual eviction rate is 12%

15 percent evictions are due to fraud

15% of evictions come from tenants who submitted fraudulent applications.

What's driving fraud?

This report provides insights into the scope of the problem and methods for tackling this daunting challenge.

Download the full report to learn:

  • The factors driving fraudulent applications
  • How often the average property falls victim to tenant fraud
  • The impact of tenant financial misrepresentation
  • Preventative measures property managers take to stay a step ahead of fraudulent applications

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How property managers protect against fraud?

Keeping up with the latest signs of technology-enabled alteration is a big job for even the most experienced property manager. You need an easier and more reliable way to track down inconsistencies and lies.

See how top leasing professionals identify and tackle fraud in this free survey report. You'll learn how best practices combined with the latest technology advancements can speed vetting, authenticating and processing any application.

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