70% experienced the use of some form of identity theft
80% have seen applicants misrepresent information on applications
93.3% experienced fraud in the past twelve months
70.7% saw increased fraudulent activity over the past twelve months
84.3% reported falsification of income/employment documentation
INFO. FROM NATIONAL MULTIFAMILY HOUSING COUNCIL SURVEY
CONCLUSION Economic stress is fueling a rise in move-in scams, from fake documents to pet deception and lease abuse. Landlords are often left to shoulder the cost of rent losses, property repairs, and legal battles that follow. With tools like Rent and Deposit Coverage, landlords can protect their investments while maintaining flexibility. TheGuarantors gives tenants a second chance at the home they want to live in while offering landlords risk protection if things go wrong. Being prepared means having safeguards in place so when financial pressures rise, as they are now, you can continue to rent with confidence.
FRANK JACHETTA Director, SMB Platform TheGuarantors
Frank is a veteran in the real estate space with 17 years’ experience providing financial tools to landlords. He is currently expanding the reach of TheGuarantors’ industry-leading rent and deposit protection to independent landlords and real estate investors.
Legal Disclaimer : This information is for general purposes only and not legal advice. You should always consult a qualified attorney in your jurisdiction to ensure that your actions comply with all applicable laws and regulations in your area.
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