How to Build a Fraud-Free Community in 4 Simple Steps

The ResidentIQ® Software Suite offers robust and reliable software solutions designed to protect your investments and maintain a trustworthy living environment. According to the National Multifamily Housing Council (NMHC), 93.3% of property managers who were surveyed experienced some form of fraud within the prior year. That is why ResidentIQ is focusing on how to improve multifamily housing practices to lower fraud risks for our clients.

Step 1: Enhance Resident Screening Practices

ResidentIQ Resident Screening Powered by Western Reporting® provides comprehensive background checks on prospective tenants. By thoroughly assessing credit history, criminal records, eviction history, and rental references, we help you choose residents who will uphold community standards and fulfill their financial commitments.

Additionally, our strategic partnership with Snappt introduces advanced AI technology that detects fraudulent documents with 99.8% accuracy, adding an extra layer of fraud protection.

Step 2: Regularly Audit Resident Leases

Lease File Audit Powered by ValenceDocs® eliminates the hassle and time-consuming process of auditing leases by presenting all discrepancies in one intuitive dashboard. Our integration with Blue Moon Software cross-references your property management system data with the data within Blue Moon, reducing litigation risks and uncovering missed revenue opportunities.

Step 3: Implement Lease Compliance

With ResidentIQ Lease Compliance Powered by Nationwide Compliant®, property managers can efficiently enforce lease compliance within their communities. Our software enables property management companies (PMCs) to execute and monitor the entire eviction process online using their selected service provider. This streamlined approach allows property managers to remain on-site, significantly reducing the time and effort required to manage evictions.

Step 4: Hire the Best Team

Our ResidentIQ Employee Screening solution, powered by ScreeningOne®, ensures you hire trustworthy and qualified staff. We offer comprehensive background checks, including criminal history, employment verification, and credential verification, to help you make informed hiring decisions. This thorough screening process allows you to maintain a team of professionals dedicated to fostering positive relationships with residents.

Strengthen Your Community Today!

By implementing these four essential steps, you can significantly reduce the risk of fraud and enhance the reliability of your multifamily community. ResidentIQ’s comprehensive solutions provide the tools you need to screen residents and employees effectively, enforce lease compliance, and audit leases regularly. Join us in building a safer and more trustworthy community for everyone. Contact us today to learn more.