May 15 2024 31 mins
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93% of all interviewed housing providers reported being victims of rental fraud in the past twelve months. Join our host, Peter McKenzie, as he dives deep into the daily consequences that landlords and tenants face due to the rise of rental fraud.
He also offers practical advice on how landlords can avoid becoming victims of rental fraud by using ID verification technology, going the extra mile in verifying income and employment status, and hiring professional property management companies.
Episode Takeaways:
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After the COVID-19 moratorium, rental fraud skyrocketed, taking advantage of the tenant protections in place. Nowadays, rental fraud is still on the rise and is becoming more sophisticated.
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We consider rental fraud to be one of the factors still driving rent prices up, affecting both housing providers and tenants alike.
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Investing in ID verification technology, thoroughly checking income and employment status, and partnering with professional property management companies are key steps landlords can take to protect their investments and continue to provide affordable, high-quality housing.
Resources:
- Article: Why fraudsters may be partly behind your high rent
- ID verification software: Findigs