North Carolina is the 9th most populous state in the US, home to nearly 10.5 million people. As the state continues to grow in population at a rate twice as fast as the national average, it’s becoming evident that North Carolina is a hotspot for many individuals and families. With many people moving in from out of state or from city to city in North Carolina, it’s more important than ever for property management companies to be proactive in preventing rental fraud. Fraud committed by renters, also known as renter’s fraud, is more prevalent than most people realize. In fact, more than 97% of management companies report that they have experienced fraud, and nearly 14.4 million people were the victims of identity fraud in 2018. These numbers are alarmingly high, and yet, most companies are still underprepared to deal with this rising issue of rental fraud. One of the most effective ways to prevent rental fraud is to scan IDs at the time of apartment tours. CheckpointID provides an ID verification software to scan IDs in real-time, and within seconds, know if the ID passes or fails. With our software, we can scan IDs to match up against thousands of lines of code with our proprietary international databases to see if the information is accurate, unlike other software that simply scans to see if all lines have entries. Keep reading to learn more about how CheckpointID helps to prevent rental fraud with ID verification in North Carolina.
How ID Verification Prevents Rental Fraud
Using an ID verification system, property management companies can scan IDs at the time of the apartment tour to know if the prospective tenants are who they say they are. By catching these issues early, CheckpointID has helped many companies to prevent rental fraud. With each incident of rental fraud costing between $5,000-$10,000 on average, this can add up quickly. Using an ID verification helps to not only improve tour safety, but also reduces rental fraud, and saves your company from costly incidents down the road.
CheckpointID provides a standardized and modernized ID policy to improve tour safety and intercept fraudulent IDs. Our software verifies international government IDs, including passports, driver’s licenses, and beyond. CheckpointID can also integrate with your property management system, making it easy to streamline information, and also provide real-time marketing insights. Our user-friendly interface makes it easy to use and provides a multitude of benefits for property management companies.
Schedule a Demo With CheckpointID
It’s evident that rental fraud is a growing issue in North Carolina and around the United States. With CheckpointID’s online ID verification software, you can give your employees and tenants peace of mind. You’ll also potentially save yourself time and money in the long run. Interested in learning more about how our ID verification system works? Contact us today to schedule a demo! We look forward to answering any questions you may have, and together, working to reduce rental fraud in North Carolina.