Most landlords understand the value of screening tenants before handing over possession of an asset worth hundreds of thousands of dollars. But it's not always clear what, exactly, a landlord should be looking for when running a tenant background check. Here's an easy...
The Downside of Screening Tenants on Social Media
In a perfect world, landlords could collect as much information as possible to adequately screen tenants and find the right renter for a property. Social media appears -- at least on the face of it -- to provide much of that information. The problem though, is that a...
4 Landlord Mistakes That Stifle Tenant Retention
Even in a tight rental market -- with virtually no vacancies -- landlords still stand to lose money. That's because low tenant satisfaction leads to time wasted and money lost. Well-managed tenants generate fewer management headaches and higher property values. Income...
British Columbia Says Landlords Going Too Far When Screening Tenants
B.C.'s Acting Information and Privacy Commissioner Drew McArthur has published a report following an investigation into what he says are privacy abuses by landlords within the province. The Commissioner compiled information from 13 landlords, along with informal...
Landlords: How to Flag a Scammer in 3 Easy Steps
Some landlords are lucky. They don't know what it's like to open the door of their rental unit and find a sea of hypodermic needles, holes in the walls, broken doors, running water, or strangers living in the property. A landlord who profits from a tenant despite the...
Lease Dispute Proves Costly for Landlord
A Michigan-based landlord of a 215-unit property in Colorado has been forced to settle a lawsuit brought by tenants over improper fees. The dispute erupted after the property manager notified tenants of the mobile home park that a water fee was going to be added to...
Premise Liability Verdict a Warning for Landlords to Inspect
An HOA is Nevada recently was ordered to pay $20 million in a premise liability lawsuit over poorly-maintained playground equipment. The victim's attorney, Claggett & Sykes Law Firm of Las Vegas, reports that this is one of the largest negligence verdicts against...
Rooftop Revenue a Unique Opportunity for Property Owners
From church steeples to farm silos to rooftops, the growing needs of the telecom and solar industries present unique opportunities for building owners to maximize revenue. According to AudioSolutionz, AT&T is planning to increase spending on new antenna leases in...
Landlords: Can You Spot the Scammer?
Take a look at these rental applicants and see if you can spot the scammer: Tenant A is a successful entrepreneur. A sharp dresser in an expensive suit, Tenant A decided to lease out his luxury home in the U.S. and rent a place in Vancouver -- way below his budget --...
Understanding the Risks of Failing to Conduct Regular Property Inspections
by Jim Garnett, Canadian Tenant Inspection Services Ltd. When was the last time you inspected one of your rental units? If you can’t put your finger on the date, then you might be in for a surprise, as well as some unexpected expenses, potentially dangerous...
3 Ways to Bolster Your Rental Application
It's hard to overstate the importance of a rental application when it comes to tenant screening. By verifying and then cross-referencing the application to the tenant credit report and references, a landlord can spot a bad tenant before it's too late. But this...
How to Verify Self-Employment Income
A significant number of rental applicants own their own businesses. Many of these applicants are highly-qualified and make great tenants. Landlords accustomed to verifying income solely from pay stubs may need to tweak their tenant screening process. Here are some...
Pros and Cons of Ontario’s New Mandatory Tenancy Agreement
For tenancies beginning on or after April 30, most landlords in Ontario will need to adopt the new "standard" tenancy agreement provided by the government. Touted as easy-to-understand, the stated intent of this new lease form is to educate tenants as to their rights...
Landlords: 3 Things Tenants Do When You’re Not Watching
Even with carefully-screened tenants, landlords can suffer if they are not watching over the property. Few landlords enjoy property inspections. But failure to adequately supervise tenants can lead to income loss. Receiving a rent check each month is not the measure...
Tenant Screening Tip: The Rental Application Cover Letter
The rental application is a fundamental tool for landlords when it comes to finding the right tenants. But an application is only as good as the information contained in it. One way to obtain the best information -- and weed out bad tenants -- is for the landlord to...
Landlord to Pay $300,000 in Bedbug Dispute
A Brooklyn tenant recently was awarded $300,000 from his landlord in a dispute over bedbugs. According to a news report, the tenant claimed that the infestation continued for over two years, despite repeated requests for remediation. The tenant claims to have suffered...
Minimizing Landlord Liability for Dog Bites
Roughly one-third of all insurance claims against property owners are for dog bites and the average cost to settle a dog bite claim is now $32,000, a significant rise from previous years, that according to the Insurance Information Institute and State Farm. Experts...
Tenant Scams Landlords with Fake Credit Report
Earlier this winter, two Toronto landlords from the same neighbourhood teamed up to hang posters with a photo of the same tenant they say scammed them. According to a news report, at least three adjacent landlords encountered the same tenant, and had the same...
Crisis Mode: What to Do with Tenants From Hell
An Alberta landlord reported that her property was sacked by her tenants, littered with crack pipes, the walls spray-painted, despite the fact that children lived in the home. The tenants moved on, which means now they are someone else's problem. In hindsight, it's...
City’s Nuisance Law Sparks Controversy
A proposed bylaw in Prince George, B.C. that would require landlords there to reimburse the city for police, fire and city service calls is meeting opposition from landlords and tenants' rights advocates alike. The law would allow city officials and the police to...