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 applicant's lack of qualifications is cross-referencing multiple sources of information. The tenant's credit report serves as a cross-checking tool that helps to verify qualifications while at the same time exposing...
How to Use Your Tenancy Agreement to Reduce Landlord Liabilities
Because landlords have a legal duty to maintain a safe rental property, they...
Ontario’s New Eviction Law
Bill 184, also known as the Protecting Tenants and Strengthening Community...
5 Things Landlords Need to Know About Tenant Screening
Finding the right tenants is key to any profitable rental business. Here are...
Landlord Terrorized by Terrible Tenant
Q: I have a tenant that resides in a shared apartment with 3 other tenants. She is so messy and abusive verbally that she has chased 3 of my tenants away. When I found out she was intimidating people by threats, I confronted her about this and she started getting...
Did Your Tenant Leave Pets at Home Over the Holiday?
If a pet is going to cause damage to a rental property, it will most likely be when it's home alone. While owners enjoy a little holiday rest and relaxation, their animals don't like the sudden change in routine. It seems each pet has its own way distinct way...
Record Heats Spawns Perfect Storm for Pests
Sweltering temperatures and dry conditions have created the perfect storm for pest populations. The National Pest Management Association (NPMA) warns that the especially hot temperatures much of the country has experienced this summer are leading to increased...
Spend Time Screening Tenants So You Don’t Spend Time Evicting Them Later
By Bill Biko The problem many beginning investors have is the pressure to just fill the space. They have a vacancy and they have pending mortgage payments, so their first thought is to get someone in that property and get that flow out outbound cash stopped. This path...
British Columbia’s Allowable Rent Increase for 2013
The allowable residential tenancy rent increase for British Columbia for 2013 is 3.8 per cent. By comparison, rent increases for 2012 were capped at 4.3. The annual allowable rent increase for conventional residential tenancies is determined by the formula set out...
5 Characteristics of a Great Landlord
Many factors go into the making of a profitable rental business. For landlords who are planning to stay in business for the long term, a good reputation becomes a valuable tool. Consider the traits that take a landlord from mediocre to masterful: Responsible Being a...
Does Your Lease Agreement Prevent Disputes, or Provoke Them?
Does your lease minimize tenant disputes, or incite them? That's a question every landlord should ask before a tenant signs the lease. Each lease has a personality, and it sets the tone for the remainder of the tenancy. When push comes to shove, make sure your lease...
Tenant Saves the Day: How Landlords Can, Too
A tenant in Albany, New York was heralded as a hero last week for her quick thinking when a fire broke out in her roommate's bedroom. Firefighters say the woman had the presence of mind to shut the bedroom door before she fled the apartment. That simple action is...
Tenant Steals Landlord’s Identity
A former tenant has admitted to federal officials that she stole her landlord's identity, and tried to run up expenses on the landlord's credit cards. The tenant was working for the IRS at the time, and used that role to access the landlord's personal data, according...
3 Ways to Avoid Renting to a Rule-Breaking Tenant
Wouldn't it be nice if you could spot a problem tenant before they cost you money by failing to pay rent or causing damage to your rental property? Tenants who disrespect rules are highly likely to become problem tenants. How do you tell if an applicant is a...
Tenant Who Never Paid Rent Wins Award Against Landlord
The B.C. Human Rights Tribunal has ordered a financially-strapped landlord to pay $1,100 to a tenant who never paid rent. The man left the rental voluntarily, but he filed a complaint with the Human Rights Tribunal claiming that he was the victim of discrimination....
Proposed Law May Require Air Conditioning in Rentals
Lawmakers in Toronto have introduced a measure that may require landlords there to install air conditioning. Because the weather over the past two years has been characterized by an increased number of hotter days in May and June, the measure would ease the current...
How to Juggle Multiple Rental Applicants
Leasing a rental property is not unlike the Olympic Games -- some contests are so close the participants are difficult to distinquish, while in others, there is a clear front-runner. And, like any competition, shopping for a rental property is stressful for...
Short Term Rentals Gain Popularity, Present Serious Risks for Landlords
Short term rentals are gaining in popularity. This week, landlords in Atlantic City were granted a reprieve from a local ordinance that prevents short term leasing. Property owners successfully argued that they were entitled to the extra income that could be...
Anger Rises Over Landlord Residency Requirement
Over the past two years, a number of cities across the country have passed ordinances requiring rental property owners to live within city limits of their rentals, unless they designate a property manager or tenant agent to deal with city officials. The...
National Survey Reveals Trends in Pet-Friendly Renting
Summer is one of the most popular times of the year for people to bring home a new pet, and renters are among this pack of pet lovers. A survey conducted by Apartments.com found 43 percent of respondents are current pet owners, with more than a quarter planning on...
Landlord Can’t Evict Problem Tenant
Late rent payments, unauthorized pets and urine-soaked carpets proved insufficient reasons to evict a tenant. The troubles started for one British Columbia landlord with the first rent payment. Four months later, the rent was late again. Meanwhile, the tenant brought...
Multifamily Housing Conference Planned in Edmonton
The Edmonton Apartment Association is hosting the Edmonton Multi-Family Housing Conference and Exhibitor Showcase on September 21. This event will offer a strategic economic and demographic overview of Edmonton’s multi-family housing market. Attendees will gain the...
Why Low Vacancy Rates Hurt Landlords
The rental market is experiencing low vacancies, and that is generally good news for rental property owners. Low vacancy rates signal that rentals are in higher demand, and landlords can expect to see more applicants competing for available rental housing. ...
Should Landlords Apply Deposit to Last Month’s Rent?
If you are allowed to collect a damage deposit, you may have heard this request before -- an exiting tenant wants to apply that deposit to the last month's rent. The tenant wants every penny they have to apply towards their new rental home and the costs of moving. If...