first_imgA sharp increase in the use of online rental applications since the start of the coronavirus pandemic has caused a consequent jump in red flags for fraud. The percentage of so-called fraud triggers detected by TransUnion increased nearly 30% from March to August, according to the credit reporting agency. TransUnion defines fraud triggers as applicant statuses with failed authentication and/or identified as high risk. They reached a high of 15.2% in August, compared with 10.3% over the same period last year.- Advertisement – – Advertisement –  “What Covid has done is accelerated the rental industry’s adoption of technologies in the digital environment to become contactless,” said Maitri Johnson, vice president of TransUnion’s tenant and employment business. “As this acceleration into the digital environment has occurred, it also has opened up the prevalence of fraud much more so.” As a result, the multifamily rental industry is now at higher risk. Since the pandemic began, the frequency of actual fraud incidents has jumped by nearly 50%, according to TransUnion’s survey of 82 multifamily executives. Another quarter saw up to 100 instances of fraud in their portfolios in the past year. While many were able to flag fraudsters before they moved in, 41% said they missed it, and the applicant moved in. These fraud cases are largely about faking the identity of the tenant. They include using someone else’s driver’s license, stealing someone else’s Social Security number from the dark web or inventing a new identity entirely, known as synthetic fraud.- Advertisement – Sign advertising apartments for rent in the Upper East Side in New York City.Adam Jeffery | CNBCcenter_img – Advertisement –  Synthetic fraud involves building a credit profile for a person who doesn’t exist and then using that profile to open credit cards to buy merchandise. The rental home then becomes a part of the crime. “Taking this fictitious persona, applying for apartment home, it all checks out, and they get access to an apartment home, and they eventually use it as a drop zone for all their spend. Then they will skip out in the middle of the night,” Johnson said. It all leaves the landlord holding the bag. Two in 3 executives told TransUnion they were concerned about fraud growth within their communities. With thousands of valid tenants now behind on their rent because of the pandemic, this only adds to the burdens of property management companies and adds to the losses of property owners.“If you’re trying to evict someone, but that someone doesn’t exist, how do you do that?” Johnson said.last_img read more


first_imgGlengoole United hosted Clonmel Celtic, the full-time result was Glengoole 1 Clonmel 5.That result puts Kenny O’Shea Celtic side top of the Premier Division League on 29 points with three games at hand. In the South Tipp Premier League Clonmel Town took on St Michaels this afternoon. That game finished Clonmel Town 2-3 St Michaels.  Carrick United have beaten Newmarket Celtic by three goals to nil to reach the final of this year’s competition. They’ll play Tralee in the final.last_img read more


first_img New Southampton signing Ryan Bertrand 1 Chelsea defender Ryan Bertrand has completed a permanent move to Southampton, the south coast club have confirmed.The 25-year-old left-back has been a hit since arriving at St Mary’s on loan in the summer, making 27 appearances in all competitions for Ronald Koeman’s side.And the Saints announced a surprise deal for the youngster late on deadline day, Bertrand penning a four-and-a-half-year contract for a reported fee of £10million.It marks the full-back’s first permanent move away from Stamford Bridge, having enjoyed seven loan spells since making his breakthrough with the London club.Bertrand was awarded a Champions League winners medal having started in the Blues’ final victory over Bayern Munich in 2012 and made 38 appearances for the side during the following campaign, but found playing time limited following the return on Jose Mourinho as manager.last_img read more


first_imgOne of the more daunting challenges that is tethered to expansion is maintaining your infrastructure and performance as you grow.When you’re scaling a business, things can quickly get derailed. Your sales process may not easily translate to a larger platform. Perhaps your employees aren’t prepared to work in an expanding arena. Whatever the case is, it’s your duty to keep goals aligned.A meeting, whether daily, weekly or monthly, is an excellent tool to get everybody synchronized. Just by having the meeting serve as an anchor for the work being performed, your employees can stay close to their goals.Another benefit of meetings is that they give you an opportunity to recognize employee development and achievement. When your employees are performing, reward them. When they get off of the course, bring them back. And this is possible through regularly scheduled meetings. For more information on motivating your organization, watch the video featuring Rich Chiarello.AddThis Sharing ButtonsShare to FacebookFacebookShare to TwitterTwitterShare to PrintPrintShare to EmailEmailShare to MoreAddThislast_img read more