{"id":1314,"date":"2022-08-10T09:17:21","date_gmt":"2022-08-10T13:17:21","guid":{"rendered":"https:\/\/mvisystems.com\/?p=1314"},"modified":"2023-01-09T21:34:40","modified_gmt":"2023-01-09T21:34:40","slug":"eliminating-tenant-fraud","status":"publish","type":"post","link":"https:\/\/mvisystems.com\/eliminating-tenant-fraud\/","title":{"rendered":"Eliminating Tenant Fraud"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Preventing fraud is a property management priority. The ability to screen potential residents is more sophisticated than ever, yet scammers are high-tech too. Now that more and more interactions occur online, how do you know someone is who they say they are? How do you prevent fraud when a property suddenly becomes a revolving door of residents not on the lease?\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Fraud by the Numbers<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Tenant fraud has always existed. When con artists have a will, they\u2019ll find a way. The pandemic, eviction moratoriums, and mountains of sophisticated scam techniques have pushed the issue to the forefront for property managers and landlords. In numbers posted by the <\/span><a href=\"https:\/\/www.naahq.org\/indicators-applicant-fraud-spike-during-pandemic\"><span style=\"font-weight: 400;\">National Apartment Association<\/span><\/a><span style=\"font-weight: 400;\">, between March 2020 and August 2020, fraud jumped close to 30 percent. High-risk applications spiked 15.2 percent compared to 10.3 percent just a year earlier. Those numbers tell the story of present times as well: we are in a season of multi-family tenant fraud.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Types of Fraud<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Property managers may recognize some of these scammer strategies:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">An applicant poses as someone else, providing false information when the real person has a history of poor credit.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Creating a false identity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A potential resident\u2019s identity is authentic, yet some details have been tweaked.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A tenant makes a little cash on the side by offering their location as a temporary rental, which breaks their lease agreement.\u00a0<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">So, how do you combat this?\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Make a Plan<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Know your renters are who they say they are. It goes beyond business concerns. There is an ethical obligation for the <\/span><a href=\"https:\/\/mvisystems.com\/the-future-of-security\"><span style=\"font-weight: 400;\">security and safety<\/span><\/a><span style=\"font-weight: 400;\"> of everyone in the building. So, what plans should you put into place?<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Invest in tech that helps screen applications seamlessly and thoroughly.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Make full, legal names mandatory on all applications.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Scrutinize all credit ratings and fraud alerts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Check and double-check references and information.<\/span><\/li>\n<\/ul>\n<h3><span style=\"font-weight: 400;\">Sneaky Subletters<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Multi-family properties should have smart, simplified security 24\/7. Tenants who break the rules of their lease by subletting their space to others can go unnoticed by management, who already have a lot on their plates. Controlling a building\u2019s activities with an intuitive web platform, including a state-of-the-art video intercom system, is the perfect solution.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MVI Systems\u2019 <\/span><a href=\"https:\/\/mvisystems.com\/product-category\/keycom\"><span style=\"font-weight: 400;\">KeyCom<\/span><span style=\"font-weight: 400;\">\u24c7<\/span><\/a><span style=\"font-weight: 400;\"> is designed to keep residents safe and features cutting-edge facial recognition and artificial intelligence software. Our products ensure that your residents are <\/span><i><span style=\"font-weight: 400;\">indeed<\/span><\/i><span style=\"font-weight: 400;\"> your residents with enhanced features, like:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Interactive touchscreen technology<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Building activity monitoring<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Security and convenience at your fingertips<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">State-of-the-art digital video entry<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatic building access via smartphone<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Landlords and property managers can monitor and facilitate their buildings&#8217; access for residents and visitors with MVI Systems\u2019 unsurpassed technology. The demand for intercom systems to be high-end and maintain functionality fuels MVI\u2019s innovative designers and engineers. From effortless communication to enhanced security, our complete line of products allows control of all building activities. Protect your residents from the ones trying to take advantage by manipulating their tenant identity information.\u00a0<\/span><\/p>\n<h3><span style=\"font-weight: 400;\">Let MVI Shape Your Tenant Security\u00a0<\/span><\/h3>\n<p><span style=\"font-weight: 400;\">MVI, an <\/span><a href=\"http:\/\/www.prweb.com\/releases\/mvi_recognized_as_2021s_most_innovative_cost_saving_building_development_solution_by_new_world_report\/prweb18347749.htm\"><span style=\"font-weight: 400;\">award-winning video-access control solution<\/span><\/a><span style=\"font-weight: 400;\"> for commercial and multi-family properties, streamlines video access control solutions and innovative technologies to provide the highest level of security for buildings. MVI works with several hardware and software manufacturers to increase safety, improve the tenant experience, and give control back to building owners and property managers.<\/span><span style=\"font-weight: 400;\">Is it time to upgrade your apartment building\u2019s video intercom system? Request a <\/span><a href=\"https:\/\/mvisystems.com\/demo\"><span style=\"font-weight: 400;\">free, no-obligation demo<\/span><\/a><span style=\"font-weight: 400;\"> and see why residents and managers love MVI technology.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Preventing fraud is a property management priority. The ability to screen potential residents is more sophisticated than ever, yet scammers are high-tech too.&hellip;<\/p>\n<p><a class=\"understrap-read-more-link\" href=\"https:\/\/mvisystems.com\/eliminating-tenant-fraud\/\">Read More&nbsp;&raquo;<\/a><\/p>\n","protected":false},"author":2,"featured_media":1578,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-1314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-apartment-buildings"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.10 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Eliminating Tenant Fraud - MVI Systems<\/title>\n<meta name=\"description\" content=\"Preventing tenant fraud is a priority of property management. 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