Speaking with your rental applicant's current and previous landlords is a crucial part of the overall tenant screening process. Unfortunately, too many landlords skip this step. That may happen because the credit report checks out, or because the applicant seems nice....
6 Reasons Landlords Should Complete Condition Inspection Reports
Condition inspection reports, or move-in and move-out forms, are an extremely useful tool for landlords. In fact, you may be surprised to see how much can be accomplished with these forms. By using condition inspection reports at move-in and move-out, landlords can:...
Vancouver Finds Support for Vacancy Tax
According to a study conducted by the City of Vancouver, there are some 10,800 properties in the city -- many of them condos -- sitting vacant. Meanwhile, residents are facing a housing crisis as the rental vacancy rate dips below one percent and home prices soar. As...
TVS Reporting Rent Payments to Equifax Canada
As previously reported, TVS has launched its new website LandlordCreditBureau.ca, which hosts a comprehensive database showing high and low risk tenants. Now, TVS wishes to inform you that it has signed an Agreement with Equifax Canada, allowing it to report rent...
Landlords Lose Big on Upfront Fees, Deductions
The owner of several apartment buildings in Washington and Oregon has lost a class-action lawsuit over a $400 fee charged to each tenant in advance for carpet cleaning and repainting. The Seattle-based landlord was ordered to refund the fees to all tenants affected by...
Landlord Tips: 4 Common Problems and How to Prevent Them
Oops! Tenants Forgot to Pay Rent Before They Left on Vacation Believe it or not, tenants do sometimes forget to pay rent, not because they are being deadbeats, but because they are in a hurry to get away for vacation. Summertime can be difficult on a landlord's cash...
Why Landlords Need a Guest Policy
You were careful to choose the right tenants, including running tenant background checks. Unfortunately, you are still at risk for possible income loss -- because of guests your tenants invite onto the property. There are many ways that guests pose a risk for...
Mid-Year Report: Top U.S. Rental Markets
Rent growth is moderating in many U.S. cities, according to the latest rental market report from Axiometrics, a leading national rental analytics firm. Key highlights of the report include a 3.7% effective rent increase for second quarter this year, compared to 5.1%...
How to Stop Tenants From Living Rent-Free
It's just the way the law works. That's the rationalization a tenant offers for scamming three landlords over the course of eight months. According to a news report, the Regina tenant admits that he has the money to pay rent, but he says his landlord didn't treat him...
Tenant Acccused of Defrauding Multiple Landlords Arrested in Calgary
Police in Calgary are reporting that a man accused of using a false identity to rent apartments has been arrested and charged with multiple counts of fraud. After receiving a number of complaints, police had asked for the public's help in locating the man, who now has...
Court Says Landlords Didn’t Do Enough to Keep Tenant Safe
The Supreme Court in British Columbia held that a property manager and two property owners are equally liable for injuries sustained by an infant who placed the end of a live extension cord into her mouth. The outcome hinged on the degree of care used when inspecting...
Ontario Announces Rent Increase Guideline for 2017
Ontario has set the rent increase guideline for 2017 at 1.5 per cent. This figure represents the maximum amount that most landlords can raise a tenant's rent without asking for approval from the Landlord and Tenant Board. The guideline is applicable to rent increases...
Canadian Landlords Brace for Possible Mail Disruption
News reports warn of the increasing likelihood that Canadians will experience mail disruption this summer. According to Business Vancouver, a strike resulting from a Canada Post labour dispute could cause a shutdown as early as July 2 -- while many rent cheques would...
3 Things to Consider Before Evicting a Tenant
Eviction. It's bad news for landlords and tenants alike. The only thing worse than having to file for an eviction is going to court and losing. If you are contemplating an eviction, first make certain that the odds are in your favor: What Does Your Lease Say? The most...
Targeted Rental Ad Results in $36,000 Penalty
A rental ad that is designed to lure working adults may seem like good marketing, but as two Carson City, Nevada landlords found out, it can be a costly mistake. The U.S. Justice Department announced a settlement this week that ended a dispute over whether these...
Landlords: 10 Tips for Easy Turnaround
Summer can be the busiest time for landlords because tenants appear to prefer to move during these months. It also can be the costliest time for landlords, as stressed-out renters begin to jettison trash, scrape furniture against walls and doors, keep the neighbors up...
Landlord’s Social Media Strategy Backfires
If you can't do it right, don't do it at all. Sadly, that old adage applies to creating a social media presence, as a landlord in Salt Lake City recently discovered. An employee allegedly pinned notices on tenants' doors informing them of a new lease addendum that...
What Landlords Need to Know About Tenant Credit Reports
Running a credit report is a crucial step to conducting a tenant background check. However, credit is not the only factor when it comes to identifying a good tenant. Take, for example, the landlord who chooses tenants based on a threshold credit score. The problem:...
Landlords: Avoid These Rental Ad Mistakes
Landlords should never underestimate the value of a rental ad when it comes to tenant screening. Not only can a well-crafted ad make it easier to find the right tenant, it can protect cash flow by keeping vacancies to a minimum. Allow your rental ad to do some of the...
3 Healthy Habits of Successful Landlords
If you are a landlord, then you know there are many tasks to complete in order to successfully manage a rental property. However, these three simple habits can streamline the process, and help you keep your properties running smoothly with less effort: 1. Be...