Luxury apartment property owners nationwide are confronting fraudulent rental applications as renters facing high housing costs turn to doctored documents and fake credit profiles to secure units. Fraud has been reported in up to half of applications in some places, driving up bad debt and complicating eviction processes. The trend reflects a wider national imbalance between supply of high-end units and lack of affordable housing.
Source: https://www.wsj.com/real-estate/renter-fraud-apartment-applications-bb3c9c75
