After over a year of a slow downs the rental market is heating up. This is great news for Ontario small landlords. It’s now more important than ever before to screen your potential tenants carefully.
More good news is there are a lot of great tenants out there who are looking to rent a great property from a terrific landlord.
The bad news is that now there are now so many “professional tenants” who have learned all the “tricks” to manipulate the system to avoid paying rent for months (even years) and leaving landlords with huge bills to pay.
How To Become A Successful Landlord?
The most experienced and successful Ontario Landlords Association members explain one of the keys to success is to carefully screen your potential tenants before signing a lease and handing over the keys.
Once You Sign A Lease & Hand Over The Keys, Tenants Have All The Power
Once your tenants move in they are in control. They can stop paying rent and it can take months to over year to evict them.
When bad tenants are in your property they have all the power. Services such as landlord credit bureau reporting have little impact as you can read here: http://torontolandlords.ca/2021/08/13/t ... ord-forum/
And bad tenants can not only owe you rent, they can damage your property and when they finally leave you get a mountain of garbage and a property that will take months to repair to make it “rentable” again.
Experienced landlords know it’s very difficult to collect on bad tenants and they can always just declare bankruptcy and there’s nothing you can do. Anyone telling you it’s easy to “collect” is not telling you the truth.
Run Credit Checks As A Key Part Of Your Tenant Screening Process
Make sure you know who you are renting to BEFORE YOU RENT TO THEM.
A credit check will show you all you need to make a good decision:
-Check our your potential tenants’ credit score.
-Find out if they have debts they didn’t pay.
-See past addresses to talk to previous landlords.
-Confirm employment to make sure they really work there.
OLA Members Get Huge Discounts From The Best Companies
Not all credit check companies are created equal.
We have made sure to partner with the best and most reputable credit check companies in Canada.
The best tenants will appreciate you, a small landlord, using the same services as the biggest companies in Canada.
Companies that also run checks for companies such as Uber, McDonalds, Ontario government, Bell, Car dealership association, Canadian Olympic team and more.
Good Tenants Appreciate the Best Companies Running Credit Checks On Them
Running credit checks from the leading companies makes you, a small landlord, look good!
This will make sure the best tenants have confidence in providing their private information to a leading company and not some shady start-up that might even be around next year.
Run A Credit Check From The Biggest And Best Companies To Find Great Tenants
Become a PROFESSIONAL LANDLORD and use the same services the big players use…at a huge discount
https://ontariolandlords.org/blog/the-b ... discounts/