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A Federal Trade Commission (FTC) report found that fraud, identity theft and other deceptions spiked 67% in the U.S. between 2019 and 2021. A sizable portion of those descriptions occurred in the rental housing industry, according to Snappt, which estimates that 11 million fraudulent rental applications were submitted in the U.S. in 2021. Furthermore, its 2022 State of Apartment Tenant Screening Survey found that 85% of apartment property managers feel consumers are becoming more comfortable committing application fraud.
As a real estate investor, there are many types of rental fraud and scams that can have serious financial and legal implications on
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