Fraud is a growing concern in property management, and as the digital landscape continues to evolve, so do the tactics of fraudsters. During her talk at the Rental Housing Saskatchewan (RHS) 2024 Rental Housing Conference, Parisa Vafaei discussed the power of AI in fraud prevention and how tools like ID Verify, an add-on to Yardi Breeze Premier, can help safeguard assets, residents and staff. With over 55% of housing providers in Canada experiencing some form of fraud in 2023, Yardi is leading the charge in fraud prevention with its ID Verify tool, making sure that you stay ahead of the game.
ID verification: your first line of defence
One of the simplest but most effective ways to prevent fraud is to ensure that applicants are who they say they are. Yardi’s ID Verify tool uses AI-powered verification and biometric technology to confirm the legitimacy of submitted documents. This dual-layered approach serves as a preliminary filter, weeding out potential fraudsters and ensuring that only legitimate applicants proceed.
The use of AI in ID verification means you can dramatically reduce the chances of accepting fraudulent applications. Fraudsters often rely on tampered or fake documents, but ID Verify has the technology to catch these red flags early. While no system can completely eliminate fraud, adding an extra layer of security helps mitigate risk, protecting your properties and your ROI.
Streamlined & secure application process
By automating the ID verification process, ID Verify not only protects your business but also makes life easier for your staff. Manual screening can be time-consuming, and errors are bound to happen when humans are involved. The automation provided by ID Verify takes this burden off your team’s shoulders, freeing them up to focus on more important, value-adding tasks. With ID Verify, the system works around the clock, providing quick, secure and reliable results.
Why choose Yardi Breeze Premier
Fraud prevention delivered via ID Verify is just one of the many features that make Yardi Breeze Premier an ideal choice for property management software. Breeze Premier also includes robust accounting, centralizes communication, streamlines operations and provides 24/7 access, all designed to help property managers work smarter, not harder.
By investing in tools that make fraud prevention a priority, you’re not only protecting your properties and residents but also ensuring long-term business success.
To learn more about ID Verify or to see how Yardi Breeze Premier can transform your property management operations, book time with us today!
