Renter fraud is rising to new levels and becoming more and more common. In today’s digital world creating incredibly authentic looking false or fabricated documents has become far easier. The article states that only 17% of apartment owners have implemented comprehensive fraud prevention programs. The article also states that evictions average between $20,000 and $25,000 per unit. The article calls for owners, and the industry, to step up the process in developing technologies preventing or at least identifying renter fraud. Owners need to be more diligent in this regard.

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

Please find us at svikhart.com or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.