Lots of Good Tenants Are Out There, Make Sure You You Find Them With A Tenant Credit Check
The Ontario Landlords Association continues to stress the importance of tenant screening to landlords across Ontario.
We’ve seen far too many ‘Tenant from Hell’ nightmarish situations landlords have faced this year.
The cases are broad and reveal a huge variety of abuse of landlords and their income properties their hard-earned money allowed them to buy.
This abuse includes everything from non-payment of rent, to damages,and more.
We Demand More Respect for Small Business Landlords
Small landlords in Ontario are an important provider of high quality, affordable housing for tenants.
We are an important part of the Ontario social and financial system.
Most Ontario landlords are decent, hard-working people who have risked thousands of dollars to create rental property businesses.
They took a risk, invested lots of money, and hope for a decent return on their investment.
They also expect a fair system for landlord and tenant disputes.
The Landlord and Tenant Board Is Unfair to Small Landlords
Landlords across Ontario face bad tenants who abuse the Landlord and Tenant Board regularly.
We have seen numerous cases where landlords have been abused by their bad tenants and the system in 2013.
We are calling for changes to the Residential Tenancies Act and major reform to the Landlord and Tenant Board.
We are also calling for a new joint tenant-landlord oversight of the Tenant Duty Counsel program which many landlords believe is not serving it’s original purpose.
The Globe and Mail also says bad tenants are the reason so many landlords decide to leave the industry and sell their income property.
How Can I Be a Successful Landlord in Ontario?
There are lots of good tenants out there. You need to find them to avoid the anti-landlords system in Ontario.
Good tenants will always pay the rent. They will also show consideration to the landlord and not damage the rental property.
The problem is there is a minority of bad tenants who are often very aggressive.
You need to make sure to avoid renting to these bad tenants and make your rental business open to all the good tenants out there who want to find a great rental property and a professional and courteous landlord.
How Can I Find Good Tenants?
According to the Toronto Star, bad tenants can be avoided with proper tenant screening.
You need to make sure you know who you are renting to before you sit down to sign the lease, take first and last, and hand over the keys.
Tenant Credit Checks
A tenant check is absolutely essential for Ontario landlords.
A tenant check doesn’t lie.
It provides you with a comprehensive financial history of the person who wants to rent your property.
What you will see may amaze you.
You can find out if your potential tenant pays (or doesn’t pay) their bills.
You will see if your potential tenant has mistreated past landlords and received judgments.
This is only the tip of the iceberg.
A tenant credit check allows you to really get to know the person (tenant) you are doing business with (renting out your property too).
The Ontario Landlords Association works with the highest quality of companies to give you the services you need to succeed.
For a one time member fee we offer you affordable costs on tenant credit checks and other services.
Take your rental business seriously and aim for success by screening your tenants carefully and finding one of the many good tenants out there!