By the Team at Entrata
Fraud in the multifamily industry today is rampant. It’s not a matter of “if” you’ll experience fraud, but “when.” If you aren’t taking the necessary measures to prevent fraud from happening and mitigating the risk of potential fraud, you’re opening a pandora’s box that could lead to lost revenue that you may never recover.
While technology introduces the potential for more fraud to occur in the multifamily rental business, there are strategies and tools that when implemented, can significantly reduce your risk of potential fraud. Throughout the rest of this article, we will outline best practices you can follow for mitigating risk of potential fraud by rental applicants.