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.
Fraudulent applications are growing 10-15% annually.
The typical annual eviction rate is 12%
15% of evictions come from tenants who submitted fraudulent applications.
This report provides insights into the scope of the problem and methods for tackling this daunting challenge.
Download the full report to learn:
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.Get Report