Tips to Prevent Resident Fraud with Andrew Bowen, Ep. 657

Andrew Bowen serves as Senior Vice President of Strategic Partnerships at LeaseLock. With over 30 years of industry experience, Bowen supports the company’s strategic partnerships and provides industry-leading thought leadership. Prior to joining LeaseLock, Bowen spent 13 years at a leading real estate ERP provider. During his tenure there, he hosted a thought-provoking podcast series, featuring innovative investors and operators. For over a decade, his focus has been on the tools that help investors and operators of multifamily real estate drive yield through better leveraging data and analytics. Bowen is passionate about empowering groups that invest in multifamily real estate to leverage data to drive superior returns for investors. Considered one of the experts on revenue management in multifamily, he is a regularly featured speaker on both the webcast and conference circuit. Bowen started his career in rental housing while in college, which led to operating roles in growing hospitality and multifamily companies. He holds a Bachelor of Science in Aquatic Biology from the University of California at Santa Barbara. Outside of his passion for rental housing, Bowen enjoys spending time at the gym and at the lake with his wife of 25 years and his two sons.   In this episode, we talked to Andrew about his company LeaseLock, asset optimization, the challenges property owners face, modern fraud methods and how to avoid them, and much more.   Announcement: Learn about our Apartment Investing Mastermind here.   Vetting Residents;   02:15 Andrew's background; 08:57 An insight into asset optimization; 12:24 The challenges property owners are facing; 22:12 More about Andrew's company; 31:21 Round of Insights   Announcement: Download our Sample Deal package here.   Round of Insights   Apparent Failure: Following his superior-by-title’s instructions and not speaking up his mind about his vision regarding the business he was in, in the early days, causing a failure within the company. Digital Resource: Any identity and income verification apps. Most Recommended Book: The Daily Stoic. Daily Habit: Journaling daily. #1 Insight for vetting residents: Trust but verify. Best place to grab a bite in Dallas, TX: Loro.   Contact Andrew: Website   Thank you for joining us for another great episode! If you’re enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.