Toronto Star – “Join a group such as the Ontario Landlords Association where after becoming a member, you can do a credit check for as low as $10, and use their supporting materials to assist you.”
It’s a situation landlords all over face when renting out a property.
Everyone wants to rent to good tenants who pay the rent on time and respect you and your rental property.
Successful landlords rent to good tenants (and avoid the pro tenants out there who want to rip you off for thousands of dollars!)
This is especially important considering costs for landlords are rising and we can only raise the rent 1.6% in 2015.
Toronto Star Advice For Ontario Landlords
There is an excellent column for landlords in the Toronto Star called “How Ontario landlords can avoid bad tenants.”
It’s written by Mark Weisleder who writes regularly for The Star.
Mr. Weisleder’s columns are very helpful for real estate investors and landlords and highly recommended.
They are filled with important information and are a must-read for those looking for insights into the real estate industry in Ontario.
He is also a lawyer, speaker and author and we recommend checking out his website and his services.
How To Avoid Bad Tenants
Along with lots of advice on how to screen tenants, the column explained the importance of credit checks on tenants.
It recommend landlords “join a group such as the Ontario Landlords Association where after becoming a member, you can do a credit check for as low as $10, and use their supporting materials to assist you.”
How Do You Screen Your Tenants?
Let’s look at a typical situation that landlords face when trying to rent out your property.
Potential tenants call you (or text you, or email you) and you set up an appointment for them to look at your rental.
They arrive and seem like really nice people.
It’s Time To Show Potential Tenants Your Rental
As you show them around the rental property they are cheery and compliment the property.
It feels good to hear the compliments. After all, you’ve put in a lot of time, effort and money to create a terrific rental unit…the type of place you would want to rent if you were a tenant.
While you show them the kitchen, the spotless bathroom, and the rest of the apartment you notice how nice the people are and how they get along so well.
They notice a few minor issues with property.
For example, the eaves troughs might need a bit of cleaning because of a build up of leaves.
Or the ice-maker in the refrigerator you are providing isn’t hooked up.
The tenants tell you they are “handy” and if you rent to them they will gladly do these minor repairs because you if you rent to them they will treat the property like it’s their own home.
After the showing the tenants say they love the place and want to move in as soon as possible and will be happy to fix the small maintenance issues when they move in.
These people are ideal tenants. They are outgoing, cheerful, nice and friendly.
And they will even fix the house up!
Would You Rent To These Tenants?
Many landlords will be happy they found such good people and rent to them.
Now take a seat and hold on. Why? Because we just outlined the way what the Toronto Star calls a “Tenant From Hell” tricks landlords.
Here’s What Comes Next If You Rent To Bad Tenants
Bad tenants will move in and they know how to manipulate the Ontario Landlord and Tenant Board system.
In the case of the “Tenant From Hell”, well, remember when our hypothetical tenants said they would do all the minor repairs?
Then they will use the need for repairs as an excuse not to pay you rent!
Tenant Tricks To Cheat Landlords
It’s not just this one Tenant from Hell who plays these types of games.
A Hamilton landlord rented to bad tenants who didn’t pay rent for eight months which led her to being unable to keep up with her mortgage payments. These tenants put garbage outside the property and called the media in an attempt to portray themselves as ‘victims’ of a bad landlord.
The landlord lost months of rent and could not pay her mortgage payments. She ended up losing the house to the bank who sold it as a Power of Sale.
All because her tenants used the system to stop paying rent of over half a year.
Protect Yourself From Bad Tenants
Ontario landlords face a very unfair system that helps (and some would say even encourages) tenants who don’t pay rent to continue to stay in their rentals.
Instead of “no pay, no stay” it’s “no pay, but that’s okay…”
To a lesser extent BC landlords are also facing these types of professional tenants and protecting themselves with tenant credit checks.
Even Alberta landlords need to be careful who they rent to or they could end up losing over $100,000 in damages and end up having to sell their property.
How Can Landlords Rent to Good Tenants?
They key is to also include a tenant credit check on all the people who want to rent your property.
You can read more about why this is an extremely important decision at the Ontario Landlord Credit Check site.
How Can I Run Credit Checks On My Tenants?
You can join the Ontario Landlords Association.
For only a one-time registration fee you can start running premium credit checks for only $10/check.
It’s really the smart landlords deal of a life-time.
Ontario Landlords – Find Great Tenants!
Run Ontario Tenant Credit Checks from your own home computer for only $10 per check!