Understanding Rental Fraud

The below is taken from The Accidental Landlord Podcast. 

Key Takeaways

• Rental fraud contributes to the high cost of housing and negatively impacts both landlords and tenants.
• Synthetic fraud, where potential renters use fake IDs and malicious intent, is a significant problem in the rental market.
• Landlords can lose significant amounts of money due to rental fraud, leading to financial distress and property damage.
• Raising screening standards and verifying identification, employment, and landlord references can help landlords combat rental fraud.
• Consider professional property management as a way to mitigate the risks of rental fraud.