Property Management News
After analyzing nearly 5 million documents in 2024, Snappt, a leader in fraud detection for multifamily property management, found that 6.4% of rental applications were fraudulent with over 80,000 documents manipulated. According to Snappt in its “2024 Fraud Report: Data, Trends, and Strategies for 2025,” artificial intelligence (AI) will play a key role in streamlining operations while also providing bad actors with new ways to manipulate documents. “As fraud continues to evolve in 2025, leveraging best-in-class document fraud detection and income verification technology is the only way to catch these bad actors before they result in financial losses,” said Snappt CEO Daniel... Read more
Multifamily applicant fraud is becoming a widespread challenge for the industry as fraudsters become more inventive, according to the State of Applicant Fraud Report...
Introduction You’re about to pack up when the email arrives. “What’s going on with this property in Houston?” You check the dashboard and see...
A new law was recently signed by Governor Healey in Massachusetts that aims to protect tenants from the negative impact of eviction records. This law, part of the...
Successfully managing rental properties can feel like balancing multiple roles at once. From ensuring tenant satisfaction to handling maintenance issues and complying...
Effective January 1, 2025, NYC implemented the Fair Chance Housing Law, which requires a bifurcated screening process for applicants when the landlord wants to conduct a criminal background check. Housing providers must follow the legal process for screening tenant applications: First, all pre-lease screening must be done before the criminal background check including, reference checking, credit, etc. Provided the applicant passes the pre-screening checks, the landlord must provide an offer of housing conditioned only on the satisfactory completion of the criminal background check. Once the conditional offer is conveyed, the terms may not be altered based on the criminal background... Read more
As a landlord, expecting tenants to stick around forever is wishful thinking. Though some occupants might renew for consecutive years, it’s common to experience...
The tenant selection process can be very unpredictable. Sometimes, you might get lucky with your first applicant. Other times, you might have to screen multiple...
Declining rental applications comes with the territory of being a landlord. Though it’s never fun to reject an applicant, sometimes it’s necessary to ensure your...
When pandemic-era tenant protections expired, rents immediately soared, and eviction filings surged last year more than 50% over pre-pandemic levels in some U.S....
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