Posts Tagged ‘tenant screening’

Toronto Star: Landlords warned not to discriminate in rental ads – June 2011

Friday, July 1st, 2011

Jane Schweitzer says writing an ad for an available rental property has become a minefield thanks to the glaring eye of the Ontario Human Rights Commission (OHRC).Schweitzer, a Hamilton resident who owns several rental properties and Assistant Moderator of the Ontario Landlords Association forums, says the commission’s recent campaign to address “discriminatory housing advertisements” goes too far. (more…)

Monday, April 11th, 2011

Savings of 77% for OLA Members with Rentcheck ca!

On Equifax and/or TransUnion Credit Reports with Tenancy Information!

Resident Screening Services for one unit Landlords to the largest. Protect your income with the best, (more…)

As a small business landlord, I highly recommend TVS!

Saturday, December 4th, 2010
I have to admit that while I’ve been a landlord for a while I have never done a credit check. I always looked at work references and called the previous landlord. Not that long ago I did these screening techniques, it was all fine, and I still got burned when the tenant changed jobs. I have now joined up as an OLA member and have started making credit checks using TVS (Tenant Verification Systems).  TVS has been very helping in screening tenants.   I have verified tenant applications and found ‘holes’ in some applications that I never would have seen before.  I would recommend doing a TVS credit check for every applicant you are thinking of handing over the keys to!
R. Francis
Toronto

Calling the OLA HELP-LINE

Wednesday, September 15th, 2010

Please note there is one time fee of $19.99 for our Help-Line service. Please ensure the payment is made prior to your phone call. Thank you.

Tenant Screening Advice from the Debt Collector Who Tracks Them Down

Saturday, September 11th, 2010

By Kristen Fraser, TVS Staff Writer

Collecting tenant debts is an unfortunate aspect of renting.

Having the proper tenant screening information will save you time and money.

Michael Tinant, an employee at Wiggins Adjustments, a long time established collection agency in Vancouver, explains that the “more information given on a rental application, the easier it is to track down renters.”

He recommends that landlords, Realtors, and property managers keep a file of all tenants’:

* Social Insurance Numbers
* Dates of birth
* Previous addresses
* Employers
* Personal references

Having such information on file can also act as a deterrent for tenants considering delinquent behaviors.

Collecting tenant debt can be stress free with the help of a tenant debt collection agency. Most agencies only require payment from the landlord when payment is collected from the tenant. Generally, collection agencies charge around 35% of the money collected. Be careful to read the small print as many agencies charges increase if the collection is less than $250. Individual agencies vary, make sure to research different agencies and choose the service that best suits you.

To minimize the risk of tenant debt, it is strongly recommended that landlords, Realtors and property managers have the prospective tenant read and sign a Notice to Tenant form available from Tenant Verification Service alerting the tenant that bad habits will be reported to TVS, a tenant credit reporting agency.

These forms make a very strong impact statement and will reduce the risk of tenant debt and of late rent payments.