TheGuarantors Taps Experts to Tackle Viral Rent Fraud Trends

TRD Brand Studio Read Now [Image]( From Our Sponsor   [Guarantors Article 2_Hero (1).jpg]( Between Identity Theft and Document Forgery, Leasing Agents Have Their Work Cut Out for Them TheGuarantors convened a panel of multifamily pros to discuss the wave of rent fraud sweeping across the industry. The one-two punch of the pandemic pushing many application processes online and social media creating a marketplace for forged documents and identity theft has created an ideal environment for rental application fraud. “Fraudsters learned they could do this with no ramifications,” said panelist Jay Rawls, Sr. Director of Operations & Technology at Northwood Ravin. “Individuals selling fake documents have easy-to-use websites…they now have Instagram pages with large followings, they post more than ever on Facebook Marketplace.” With 70% of operators seeing an increase in fraud in the last year, the industry is fighting back. Operators are deploying everything from cutting-edge AI to time-honored methods like calling an applicant's employer on the phone to verify applicant information, as well as utilizing products like surety bonds offered by TheGuarantors to mitigate the impact that fraud can have on their bottom line. [Learn More](   [Facebook]( [Twitter]( [Instagram]( [LinkedIn]( [YouTube]( [More Newsletters]( | [Unsubscribe]( | [Privacy Policy]( | [Advertise]( | [Subscribe]( The Real Deal 450 West 31st Street, New York, NY 10001 ©2024 TheRealDeal. All rights reserved. [View Online](