93% of landlords hit by rental fraud: Inside the rise of ‘apartment packages’

The Brief

  • Landlords report a 40% increase in apartment applicants using fake financial documents to try to qualify for rentals, according to the National Multifamily Housing Council.
  • Investigators say some renters are able to get fake ID’s, credit reports, paystubs, or employment offer letters from people selling “apartment packages” on social media.
  • NMHC says when a renter can’t, or won’t, pay the rent, it can cost landlords $15,000 in eviction fees, loss of revenue, and turnover costs.

What we know:

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Houston Apartment owners nationwide are reporting a 40% increase in people using fake ID’s, Social Security numbers, and paystubs to apply for apartments that they can’t qualify for on their own, according to the National Multifamily Housing Council.

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