Whether you’re a property manager tired of dealing with fraudulent tenants or a landlord new to renting properties, today’s episode is for you as Ariel Kormendy and Adrian Trott show you how to spot a fraudulent tenant application so you can avoid headaches. Look out for these red flags, from incomplete or inconsistent information and discrepancies between the application and other documents to suspicious behaviour. By the end of this video, you’ll better understand how to identify and prevent fraudulent applications, helping you find reliable and trustworthy tenants for your property. Watch Episode 235 now to learn more!
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0:16 – Intro
0:36 – Frauds happen more often than you think
2:46 – Many freelancers specialize in selling complete fake tenant applications
4:06 – Get and cross-reference all supporting documents; credit report, rental application, pay stubs, employment letter
6:28 – Watch out for the formatting (fonts, alignment, etc…)
8:56 – Employer addresses or phone numbers are not legit for a business
9:52 – Get the background story on the tenant’s relationship with their agent
11:07 – “Creep” your tenant’s social media accounts
13:34 – Look out for inconsistencies in income and deductions on their paystubs
15:20 – It’s difficult to evict a tenant
16:44 – Meet your applicants in person and ask them questions
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After successful careers in the automotive industry, entrepreneurs Ariel Kormendy and Adrian Trott decided to inject their passion for growing a brand and providing unrivalled service into the real estate industry. Kicking off their careers in 2011, they quickly became a top-performing team in Canada. Originally a team of two real estate agents in Milton, The KT Team quickly grew to a large team of exceptional REALTORS®, an administrative department and an in-house media department, taking their proven processes and unique services across most of the Golden Horseshoe. Follow them on social for behind-the-scenes footage, real estate tips, industry secrets and more.
