It's a landlord's worst nightmare: no rent, property damage, and months to wait for an eviction. The only way this gets worse is discovering that the same bad tenants have scammed other landlords. A couple in Ontario have been ordered to pay over $20,000 in combined...
Category
Tenant Screening
How to Use Credit to Screen Tenants
Using information from tenant credit checks when screening tenants can be confusing. For instance, does a landlord need a tenant credit check if they have verified the rental applicant's income? What if the person seems honest and has good references? Is it unfair to...
These Landlords Most at Risk for Income Loss
Absentee landlords. It's a term that applies when a landlord isn't around very often. This may be because the landlord lives a significant distance from the rental. Some people never intended to be landlords but found themselves needing to move or managing a property...
Landlord Sued for Rejecting Ex-Con
A Chicago landlord is facing a lawsuit after rejecting a rental applicant with a criminal history. The tenant was convicted of armed robbery 20 years ago and served six years in prison. The African-American man currently suffers from a disability which limits his...
Top Property Management Strategies for 2019 – and Beyond
Thinking Long-Term In 2018, Canada's rental market yielded low vacancies, scant rental housing options, and fewer fixed-term leases. New regulations on the horizon will seek to restrict evictions. All that leads to one universal prediction: tenants are going to be...
Tenant Screening: 8 Ways to Flag Bad Tenants
When qualifying rental applicants, it's important to look for the warning signs of tenants who are not telling the truth about their qualifications. Here are some common red flags: The applicant describes tragic circumstances, and then uses the sob story to ask for...
2018 Property Management Wrap-Up: What to Expect in 2019
As the year wraps up, it's time to think ahead to 2019. Here are some property management strategies that will help make 2019 a prosperous new year: Rent Control One of the more surprising twists that occurred this year was the defeat of a statewide rent control...
Landlord Arrested After Tenant Accused of Crime
A landlord in Martinsburg, West Virginia has been arrested and charged with a violation of that city's nuisance rental law after her tenant was accused of drug activity. According to Martinsburg police, at least 35 rental properties have been taken out of service over...
Landlords Beware: Tenant Fraud on the Rise
A landmark study recently conducted on behalf of credit reporting giant TransUnion revealed a disturbing statistic: more than 80% of property managers surveyed have been victims of tenant fraud. Many experienced fraud multiple times over the past two years. Equally...
Landlord Out $40,000: How to Avoid Income Loss from Bad Tenants
A landlord in British Columbia is living with the fallout from tenants who trashed his rental property. According to a news report, RCMP and bylaw enforcement officers stood guard as the recently-evicted tenants picked through heaps of trash to claim their belongings....