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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.
The top storylines in multifamily this week are using data to address parking problems, employee mental health, amenities you need now, TikTok and marketing, fighting fraud, artificial intelligence, regional bank risks, interest rates and NMHC's new housing initiative.
It doesn’t matter whether the intentions of the pet owner are pure or deceitful. Accurately evaluating reasonable accommodation requests for assistance animals is paramount for various reasons. Most notably, it can be a liability risk if an illegitimate assistance animal causes damage or injury.
The top storylines in multifamily this week are Renew launches, preparing for disasters, fraud prevention in BTR, optimizing access control, replacing social perks with tech tools, unsexy amenities that attract renters, multifamily values drop, the strength of Columbus, Ohio and WOTUS veto.
A gaggle of websites are dedicated to creating paystubs that appear to be authentic. Potential renters who otherwise wouldn’t qualify for an apartment home sometimes resort to this tactic to make it appear like they make more money than they actually do.
Apartment operators say fake pay stubs, “synthetic” IDs and other falsified documents have become all too common in the leasing process. While fraud has always existed in the apartment world, industry professionals agree that it has never before elevated to its current levels.