Some landlords view tenant fees as a viable profit center, and the temptation to make up losses from the pandemic may lead them to consider changing their fee structures. It may seem like the sky is the limit when it comes to tenant fees but charging excessive fees...
Category
Tenant Screening
Worst Tenants Ever
An Ottawa landlord has been trying to evict his nightmare tenants for months. The issue: snakes. When the landlord confronted the tenants over their collection of more than two dozen dangerous snakes left to roam freely in the rental unit, he was met with insults and...
Why Landlords Need to Check Tenant Credit
Some tenants grumble about running their credit during a tenant background check. They say it invades their privacy or that their credit doesn't matter. But credit does matter. Here's why: Credit Reports Serve as a Cross-Check The secret to exposing tenant fraud or an...
5 Things Landlords Need to Know About Tenant Screening
Finding the right tenants is key to any profitable rental business. Here are some tips that make tenant screening easier and more effective for landlords: 1. Tenant fraud is a real and growing concern for landlords. The best way to expose fraud is to catch it early....
Tenant Screening Tips: The Adverse Action Notice
When the information in a credit, eviction, criminal history, or other investigative report provided by a tenant screening agency negatively impacts the landlord's decision regarding an applicant, that applicant is entitled to notification. This is referred to as an...
Landlord Says Never Again
Eighteen months. That's how long a Guelph landlord anticipates that his tenant will live in his rental home without paying rent. Systemic eviction delays, with or without an eviction moratorium, allow tenants to game the system and choose when -- or if -- to pay rent....
Dos and Don’ts of Rental Advertising
With summer rental season in full swing, landlords are gearing up to find new tenants. A lot is riding on the rental ad. Not only do landlords need to attract good tenants, they need to avoid mistakes that increase liabilities and cause property management headaches...
5 Strategies for Attracting Great Tenants
When it comes to finding the best tenants, it's all about probability. If 100% of the applicants responding are good prospects, then the tenancy will be a success. If 100% are bad, that will guarantee failure. The less you are exposed to bad applicants, the less...
What You Don’t Want to Know About Your Tenants
A landlord recently took a novel approach to filling a vacancy. Rather than use a rental application, this landlord decided to leave it to tenants to write two or three paragraphs "describing" themselves. That's a risky strategy. This tactic not only makes it more...
Landlords Hurt by Eviction Freeze
April and May brought largely good news for landlords as most reported that tenants paid either all or some of the rent owed. Landlord and Tenant Boards across Canada encouraged tenants who were impacted by the pandemic to work with their landlords on an installment...