Multifamily applicant fraud hit record levels in the past year, with 93.3% of rental operators reporting fraud and average bad-debt write-offs climbing to $4.2 million per respondent, according to the latest NMHC data. Our Q1 2026 report breaks down the dominant threat patterns — from AI-generated pay stubs to synthetic identities — and highlights where multifamily teams should focus their screening investments to close the gap between fraud attempts seen and fraud actually caught at the point of application.
Multifamily Applicant Fraud Trends — Q1 2026
What multifamily teams should know about today’s rental application fraud landscape.
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