BENEFITS TO LANDLORDS AND PROPERTY MANAGERS
Understanding tenant scam tactics can help rental property owners identify red flags to protect themselves from tenants who might be trying to take advantage of them. By using credit reports and background screenings combined with leveraging the power of AI, landlords can significantly improve their ability to detect, prevent and mitigate identity fraud. AI property management software also can detect financial fraud and identity theft. Within seconds, AI algorithms can pinpoint a potential tenant’s true identity and financial standing. AI is here to stay, and landlords have the ability to benefit from new technological advances. These advanced fraud detection tools can quickly and accurately identify forged documents, making it harder for fraudsters
to bypass screening processes. Enhanced screening protocols, such as requiring more robust documentation or using AI-powered verification systems, have raised the barrier for fraudsters, leading to fewer successful attempts. Property managers will spend less time bogged down by the small details and more time working on the ground with tenants. They’ll be able to dedicate more of their energy to ensuring their tenants get the positive housing experience they deserve. AI fraud detection is a powerful new ally, but it works best when combined with the AAOA credit, criminal, and rental history data landlords have long relied on. Together, they create a stronger defense against tenant scams.
NANCY ABRAMS Assistant Editor American Apartment Owners Association (866) 579-2262 nancy@aaoa.com
Nancy Abrams has enjoyed a long career in real estate marketing throughout Southern California and Las Vegas. She formerly represented 19 Merrill Lynch Realty branch offices, property managers The Roberts Companies, new home developers, including master planned communities Peccole Ranch and The Valencia Company and shopping centers for Sandy Sigel of NewMark Merrill.
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