What is document fraud costing you?
A forged letter releases a student from a tenancy they are contractually bound to. If the bed is not re-let, that is a year of rent gone. Most operators have never counted it.
Estimated annual exposure to forged cancellations
£6,384
About 1.7 forged documents a year, from roughly 42 cancellation requests. Each one costs £3,800 in rent you do not get back.
An estimate built from the numbers above, not a measurement of your portfolio. Nobody publishes what cancellation fraud costs operators, which is precisely why it goes unbudgeted.
Want the real figure instead of an estimate?
Get started. Bring last season’s letters if you want to walk through real cases together. Nothing to install.