Case Study: Towne Properties achieves $500K in prevented fraud and $200K in payroll savings with Yardi ID Verify & Income Verification

ID Verify & Income Verification prevented fraud & enhanced NOI

Towne Properties, a multifamily operator with 15,000+ units, faced a surge in fraudulent rental applications—fake pay stubs and packaged fraud made verification slow and costly, threatening revenue and operational efficiency.

By adopting Yardi’s AI-powered ID Verify and Income Verification, Towne instantly authenticated identities and incomes, streamlining screening. Over one year, running ~13,000 applications uncovered 400 fraud cases, preserving about $500,000 in rental revenue and roughly $200,000 in payroll by saving 1–3 hours per application.

Towne Properties

Leslie Henry

SVP of Strategic Solutions and Development