Landlord Warning! Don't Be A Victim Of Rental Application Fraud!


Landlord Warning! Don’t Be A Victim Of Rental Application Fraud! Rental Application Fraud Increased By 9% In April

Landlord Warning

MFI-Miami has issued a Landlord Warning to landlords. Why? Real estate tech company Snappt is reporting some disturbing news about rental application fraud. The company found rental application fraud has risen 9% since the COVID-19 pandemic began.

Snappt surveyed 100 residential property managers who manage more than 1,000 units. Snappt data shows 66% of the property managers surveyed had been victimized by fraudulent applications.

Fraudulent applications often lead to evictions. The survey also shows property managers estimate almost 1/3 of evictions are due to fraudulent applications. Most people don’t understand that evictions are expensive. Landlords on average pay $7,685 to evict a bad tenant.

Read more at MFI-Miami

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