Fraud and Multifamily

Fraud remains prevalent in the multifamily industry and shows no signs of dissipating. Bad actors are constantly finding new ways to circumvent systems, particularly through the use of generative AI and other bleeding-edge technologies, aiming to remain one step ahead of the industry’s fraud prevention and cybersecurity initiatives.

Most operators’ fraud prevention process involves readily apparent first steps, such as analyzing credit history, criminal background, and rental history, including any evictions. Many have adopted tools to help make this process more accurate and less cumbersome, but it’s becoming increasingly apparent that more layers are needed.