Case Study on Sage Ventures Fraud Detection Partnership

This case study details the partnership between Sage Ventures and Snappt, focusing on the implementation of fraud detection strategies within Sage's property management operations. Sage Ventures, a Maryland-based real estate investment company, recognized a need for enhanced fraud detection in 2021 after observing a troubling trend of recent move-ins showing balances shortly after occupancy at The Mark at Brickyard. In 2022, after evaluating various fraud prevention providers, Sage selected Snappt for its comprehensive coverage and proactive approach to evolving fraud trends. The integration of Snappt's platform into Sage's existing systems was seamless, allowing for efficient fraud detection without disrupting leasing processes. Following the implementation, The Mark Brickyard experienced a 51% reduction in bad debt within a year. By 2024, the overall delinquency rate across Sage's portfolio dropped to less than 5%, marking a 44% decrease compared to the previous year. The collaboration with Snappt has been characterized by effective communication and a shared commitment to fraud prevention.