Property Management News
KEY TAKEAWAYS In some Atlanta apartment buildings, landlords say as many as 50% of rental applications are fraudulent. Nearly three-quarters of US apartment operators reported a major uptick in fraud in the past year, with some citing a 40% increase. A mismatch between luxury inventory and renters’ budgets is fueling the rise in forged applications, especially in fast-growing Sunbelt cities. Atlanta’s Apartment Fraud Problem Is Going Mainstream What used to be a niche issue has ballooned into a widespread challenge in Atlanta: renters submitting fake information to get into luxury apartments. Property managers say the practice is rampant, especially in newer, high-end buildings where... Read more
Fraud has long plagued the multifamily sector, but the scope and sophistication of the problem are now reaching new levels, fueled by technology and shifting consumer...
Tenant screening is one of the most important steps you can take to protect your investment so here are four tenant screening mistakes that could cost you. Many...
Verified renters—who have undergone formal identity, credit, and income verification—deliver substantial financial and operational benefits for landlords and...
Verified renters—who have undergone formal identity, credit, and income verification—deliver substantial financial and operational benefits for landlords and...
Looking into a potential tenant’s rental history might feel like extra work, but with so much at stake, it’s worth taking the time to do it right. The applicant wants you to hand over the key to something worth hundreds of thousands of dollars. You have a right to know everything you can about them before giving them that key. Skipping tenant screening could leave you with renters who don’t pay on time, cause property damage, or put you through the stress and cost of eviction. According to the U.S. Office of Government Accountability, millions of tenants are evicted across the country each year. While that number can sound alarming, not every eviction tells the same story. Some... Read more
Fraud is no longer hiding in the shadows. It’s being taught and sold in plain sight — sometimes with hashtags and tutorial videos. Across the multifamily housing...
The multifamily industry is locked in a costly battle against rental fraud. Despite widespread adoption of application screening tools and document checks, fraudsters...
Minnesota is known for having relatively strong protections for renters. But in one high-profile case, those protections were pushed to their limits and exploited. A...
Last month, I got a call from an investor friend who was about to lose $8,000 because he’d rented to someone who seemed “really nice” but hadn’t...
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