Experienced property managers already know about the explosion of leasing application fraud during the pandemic.Squeezed by the initial surge of unemployment during the first months of the COVID-19 crisis, would-be renters easily bought fake paystubs and bank statements online to qualify for apartments they otherwise wouldn't lease.The result was a doubling of fraudulent applications coming into property managers' doors, rising from 15% in Februa ...
Do more with less.This is quickly becoming the multifamily's theme in 2023 as the economic reality of falling rents, decreased occupancies, and cratering consumer confidence materializes.According to online rental marketplace Zumper, three-quarters of renters already think we're in a recession. They're making their housing decisions accordingly by doubling up, moving back home, or choosing to lease a more affordable apartment over staying in plac ...
No rest for the wicked
Fraud doesn’t take a holiday break, even if you and your residents do. For many property managers, the holidays are a time to take a break from a demanding job as leasing activity slows. Unfortunately, fraudsters don’t go on vacation.
Taking the detective work out of tenant screening
There was a time in the multifamily industry when apartment managers set the rents at their own properties. Since real estate is always a local game, the thinking was that the boots on the ground – apartment managers at specific buildings – knew best what rents to charge in their neighborhoods.
The 3 most important steps for fighting apartment application fraud
I’ve talked here about the rise of the fraud economy, and why your customers are quickly becoming as much of a risk as they are an opportunity. In the apartment industry, the prevalence of fraud has coalesced around a central point: the leasing application process, the moment when renters fi ...
Outing the Fraud Economy
How your customers have emerged as a creeping threat to your business By Daniel Berlind CEO of Snappt and President of Berlind Properties. Almost overnight, fraud has become a pervasi ...
The multifamily real estate market has traditionally been known as a ‘late to the game’ adopter of technology. Twelve months past and we’re seeing an industry that is brushing aside this stereotype. A primary and insidi ...
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04 Dec
