Five Tips to Help Prevent Fraud and Embezzlement at the Site Level via Property Management Insider

In more than 35 years in the apartment industry, Mike Clark knows that he’s been a victim of internal, identifiable criminal embezzlement and fraud at the site level seven times, to the tune of tens of thousands of dollars. And he’s pretty sure there were other times that employees have stolen from his company that were never discovered.

Clark, the newly installed president of the Texas Apartment Association and Principal and Owner of Alpha-Barnes Real Estate Services, recalls one instance where he believed an employee bilked his company out of more than $60,000 before moving on. He’s also convinced the woman is still out there taking from another organization.

Another used disappearing ink to write the company name on rent checks that didn’t list the payee, and rewrote her name when the ink faded and cashed the checks. Then there was the maintenance worker who dug up and stole shrubs.

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