Renter Fraud: How to Spot Fraud on a Renter's Application

For landlords, application fraud is false andtitle is unusual. For example: Lion Tamer. -The job
deceptive statement of fact intended fortitle does not fit the nature of the employment.
landlords to rely upon in order to give up their-The salary appears to be out of the range for
legal right to their property in return for rent.the kind of work. For example: few roofers earn
Landlords should remember that when a potentialover 50K a year. -Salary includes cents or other
renter applies to rent a unit, the landlord is insymbols. -Years employed does not correlate with
essence granting credit to the renter. Renterthe age of the applicant. -When following up with
scams are different and change frequently.the employer, the employer answers his own
Landlords who fall victim to application fraud losephone or has an answering machine with out
thousand of dollars in lost rent and damages asidentifying the company. -Net/gross income is
well experience great inconvenience and anxiety.omitted or copied. -Net and gross income is the
"The Social Security number is often omitted orsame or gross income is more than net income.
copied"-Additional or supplemental income is
Name -Unusual name arrangement such as twodisproportionate the net income.
first names used as given and surnames -UnusualThe Social Security number is omitted or copied
sounding names which are not recognizable andBank Accounts -Account numbers are omitted
impossible to pronounce coupled with common-Reference numbers are abbreviated or have
names. -Names of known personalities such asstrange symbols. -Recently opened accounts
Magic Johnson, Tiger Woods or Brett Farvre.-Credit references are in the same sequence as
For landlords, application fraud is false andon the credit report. -Payment accounts are
deceptive statement of fact intended forexactly the same. -Credit references are from
landlords to rely upon in order to give up theirunknown companies or closed accounts.
legal right to their property in return for rent.-References do not know the applicant. -There is
Landlords should remember that when a potentialsignificantly more money in checking versus
renter applies to rent a unit, the landlord is insavings accounts.
essence granting credit to the renter. RenterOther Sections of the Application -Misspellings in
scams are different and change frequently.the application -Applicant used P.O.boxes for
Landlords who fall victim to application fraud losereferences or addresses -Additional residents
thousand of dollars in lost rent and damages ashave different last names -The first four digits of
well experience great inconvenience and anxiety.the credit card do not coincide with the issuing
Many of the fraudulent applications share commonbank's tax I.D. number. -Application for a second
characteristics that can alert landlords to takecredit card for the same band. -The phone
further investigation. The characteristics or traitsnumber and area code do not coincide with the
may signal a pattern of irregularities that indicateaddress -The nearest relative is often a
the possibility of fraud but should not be viewedprofessional like a doctor in an attempt to build
as proof of fraud. It is very hard to prove fraud,credibility.
in the courts, with only traits of fraud. TheA careful examination of the rental application
following are characteristics of fraudulent behavioralong with a complete screening including credit,
that have been used on landlords in the past andcriminal and eviction reports gives the property
are not intended to be proof of fraud. Theymanager the confidence that their rental decision
should simply be viewed as wisdom from and awas sound. Remember, better screening brings
reminder to look carefully at your applications.better tenancy which translates into greater
Employment -The job title is misspelled. -The jobprofits.