Applicant document fraud took off in 2020 amid a pandemic. Take a look at the year in numbers.
Snappt detected a fraud rate of 11.5% in June and helped property managers prevent $10M in eviction losses.
Snappt detected a fraud rate of 11.25% and helped property managers prevent $1.8M in evictions losses!
Snappt detected a fraud rate of 16.3% in October and helped property managers prevent $3.4M in evictions losses.
NoHo 14 stops fraud-related losses with Snappt
The nationwide fraud rate jumped to 16% last month. Snappt helped property managers prevent $2.6M in evictions.
This eBook examines the high cost of evictions for both property managers and tenants, financial and otherwise.
Snappt detected a fraud rate over 13% nationwide last month and helped property managers prevent $1.8M in bad debt
Snappt saved over $900,000 in estimated evictions last month. Get the details on what types of fraud we're seeing.
Despite rental application fraud rising, particularly amidst COVID-19, there are ways for landlords to protect themselves.
Even the most seasoned property managers fall victim to tenant fraud.
Rental fraud has spiked since the onset of the COVID-19 pandemic, according to a new study.
A move to online rental applications, more self-employed applicants, and tools to alter financial documentation are key factors to this trend.
Fraudulent applications often lead to evictions – more than 20% of the managers estimate almost one in three evictions are due to fraudulent applications.
Snappt’s Dan Berlind looks at why current fraud detection methods might not work in today’s environment.
The only thing worse for a property's bottom line than an empty unit is a unit occupied by a tenant who has stopped paying rent. That's why property managers must work just as hard to vet applicants as they do to attract them.
Investment in real estate opportunities has climbed substantially during the last decade and only continues to grow.
Protect your rental investments with SNAPPT. See how data-driven tenant screening can help you avoid evictions.
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