AI Tools Fuel Surge in Rental Application Fraud
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AI Tools Fuel Surge in Rental Application Fraud
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Rental scams are becoming more sophisticated — and artificial intelligence is helping fraudsters fake their way into luxury apartments. According to a new FOX Business report, Greystar, the nation's largest apartment landlord, has seen a sharp rise in fraudulent rental applications nationwide.
From fake pay stubs and employment letters to AI-generated credit profiles, scammers are using technology to beat the system — especially in high-cost markets like Atlanta, Boston, and Salt Lake City.
In this episode, Kathy Fettke reports on how AI tools are fueling the rise in rental fraud, what major landlords like Greystar are doing to stop it, and what investors and property owners can learn from this growing trend.
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SOURCE: https://www.foxbusiness.com/real-estate/fraudulent-rental-applications-surge-nationwide-housing-costs-remain-elevated