Archive for the ‘Credit Check’ Category
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BC landlords are waking up to the fact you need to screen tenants carefully to avoid renting to the “pro tenants” out there.
Sure there are a lot of great tenants out there. However, times have change and it’s important for landlords to protect themselves, their properties and their wallets.In the past you could rely on a handshake with tenants before you handed over the keys. Oh, those were the days!
Experienced BC landlords know there are lots of great people looking to rent safe and affordable properties from friendly and professional small landlords and also lots of not so good tenants who can end up costing you thousands of dollars in losses and months of stress.
It’s up to you to make sure you find good tenants and rent to them. And you now have the services and tools you need to identify good tenants, avoid the bad tenants out there, and become a successful BC landlord for an incredible low price.
Lots of Great Tenants, And Some Others You Need To Avoid
Landlords across British Columbia are still shocked at how a couple of serial bad tenants managed to rip off so many landlords in a short period of time.
They eventually paid one of the landlords what they avoid to avoid jail time, but there are still lots of landlords who they owe money to and the legal process for B.C. landlords seeking justice is slow and stressful.
You Can’t Get Blood From a Stone
This old saying applies for BC landlords.
If you rent to bad tenants who don’t pay rent and rip you off you will have to go to court to try to get your money back.
Canada doesn’t have debtors prisons and if your ex-tenants don’t have any money you won’t see a cent.
This is why it’s important to run tenant credit checks and rent to good tenants and avoid all the hassles of chasing bad tenants who will never pay you the rent they owe and you will never be fully paid for the stress they gave you!
Why Do BC Landlords Rent to Bad Tenants?
There is an excellent article at the Globe and Mail on this topic.
The Globe interviewed Rochelle Johannson who is a lawyer who deals with landlord and tenant disputes.
According to Rochelle too many small landlords base their decision on who to rent to on whether they “like the person or not.”
Too many landlords rely on their “gut feeling” and don’t verify what the people who want to rent your rental property say.
Even when some landlords do a bit of digging they often don’t do it the right way.
Calling a reference the renter gives you might be a friend acting as a former landlord or former employer. They will tell you lies to help their pal rent from you…and rip you off!
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Join us for an affordable one-time registration fee and get access to networking, the BC Landlord Rental Kit, and premium easy to use credit check services.
Here’s what you get, it’s an incredible deal for landlords!
1. One time registration fee only
No annual membership fee. Once you join you never have to pay another cent. Compare this with other BC landlord groups who charge you $50 just to get set up, and then they keep on charging you year after year.
2. BC Landlord Rental Kit
Get all the documents you need in your own Rental Kit library that you can download 24/7.
3. Landlord Community Center and LANDLORD PROFESSIONAL Forum
Network with thousands of other landlords in BC and across Canada. Get tips and advice from a huge nation-wide network of experienced and successful landlords.
4. Handbooks and Manuals
Landlords can get ahead to the line with premium landlord education.
5. Premium Credit Checks
Start running premium credit checks on tenants to protect your investment.
Property Management Companies
You can join get our BC landlord services for a one time fee just like smaller residential landlords can. Why spend thousands of dollars when you can join our landlord and property management community?
BC Landlords Help
We are not affiliated with the government. We are run by successful residential landlords and property managers not bureaucrats getting salaries. We have worked hard to offer the best deal possible to help landlords succeed.
Our group charges only a one-time registration fee for great services including premium tenant credit check service and access to the BC Landlord Rental Kit with leases and applications! There are not “annual fees” because we understand BC landlords are on a tight budget.
Join Us and Welcome To Our Community! Get Great Tools and Services For a Low One-Time Registration Fee (No Annual Fee!) WE ARE REAL HELP FOR SMALL RESIDENTIAL LANDLORDS!
March 3rd, 2014
Are Landlords Helpless Against Bad Tenants? Not Anymore! This Deal Can’t Be Beat!
Landlords across British Columbia are becoming aware of the need to protect ourselves against bad tenants.
With an increasing pool of good tenants out there, make sure you take the necessary steps to find them (and shut out the professional tenants who want to rent from you).
How Can I Make Sure I Rent To Good Tenants?
Good tenant screening is the key.
This includes a tenant credit check which will go beyond a tenant telling you a ‘story’ and show you the real numbers and verify if they are telling you the truth.
BC Landlords Can Now Do Premium Credit Checks For Only $12 Per Check (with no hidden or annual fees!)
Many landlords don’t make tenant credit checks part of their screening process.
Many of the credit check companies out there are confusing in how they bill you.
It’s nearly impossible to know how much it will cost you with all the ‘additional fees’ they charge.
And they want an annual fee for any type discount, if they offer any at all.
Small landlords are on a budget and paying $25 or $30 or $40 for a tenant credit is simply out of reach for most landlords.
The Problem With Asking a Friend To Do A Tenant Credit Check For You
We live in an increasingly legalistic society.
This means it important small landlords know the rules and follow them.
Some landlords will ask a friend who is a real estate agent, works at a bank, sells mortgages or works at a car dealership to check their tenants for them.
This can lead to big problems for you and your friend and if reported to Equifax will get your friend (and their company) cut off from Equifax services.
It can also lead to a Privacy Complaint against you with the provincial government.
Getting a friend or relative to do a tenant credit check for you is simply not worth the risk when you now have safe, legal, and affordable options!
Now BC landlords can do safe, legal credit checks for an incredibly low price per check
We have partnered with GARDA a world leader in background screening.
How Long Does It Take Me To Get Set Up For Tenant Credit Checks With GARDA?
No time at all.
GARDA doesn’t require you to get ‘set up’ taking days, or weeks or months before you can do a tenant credit check.
You get a form your tenants sign and you then can get your tenant credit check done. This means:
1. No hassles
2. No delays
3. No need for copies of your passport, drivers license, etc.
You can start doing checks immediately.
What Does A GARDA Tenant Credit Check Show Me?
A GARDA credit check provides you with some of the most important information you need to make an educated decision on choosing tenants.
You get to view into the financial past and present of your potential tenant to make sure they are the right tenants for you!
– GARDA tenant credit checks confirm the tenant’s identity
– GARDA tenant credit checks verify the tenant’s employment
– GARDA tenant credit check confirms previous employment
– GARDA checks show if they have any court judgments against them
– GARDA tenant checks show you the tenant applicant’s credit score
All this information for a low cost per check.
With no annual fees.
With no hidden additional costs.
Become a Member of the BC Landlords Association
While other groups offer very little to help small British Columbia landlords succeed, we offer real value to help you and your rental business!
For Only $12 per Check For Members You Can Make Sure You Rent to Good Tenants!
Are you willing to invest $12 to make sure you rent to good, paying tenants (and avoid the pros)?
November 1st, 2012
Why Should You Check a Tenants Credit:
A credit check helps you truly evaluate a tenant’s ability to meet their rental obligations.
When you own a rental property, the selection of an appropriate tenant is critical to the success of the landlord-tenant relationship.
As a landlord, you need to verify that all the information on a tenant’s application is legitimate and that the tenant has a history of reliability and promptness in meeting their financial obligations.
Unfortunately, tenants can provide misleading or fraudulent information on their applications. Protect yourself as much as possible from dishonest tenants.
A Credit Check is an invaluable and inexpensive tool to assist landlords in the tenant screening process. Credit reports cannot be directly obtained from credit agencies.
Screening of a tenant must go beyond a phone call to a former landlord or contacting a “character reference”.
TENANTCHECK provides landlords with a convenient opportunity to access a tenant’s credit history BEFORE entering into a tenancy agreement.
ONLY $10/check for BCLA members!