Posts Tagged ‘credit check’

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Wednesday, May 20th, 2015

BC Landlords Association Membership

Join us for a One-Time Registration Fee (No Annual Fee!) For Real Help For Landlords and Property Managers

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!

Get Terrific Services for BC Landlords (for only a one time registration fee!)

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!

British Columbia Landlords: Find Good Tenants! Use Credit Checks

Tuesday, April 15th, 2014

BC landlords good tenants credit check

Use our BC landlord services to Find Great Tenants And Avoid the Serial Bad Tenants Out There!

Get The Best Tenant Credit Checks Available! We Are Landlords and We Help Landlords!


The report of the CBC investigation of serial bad tenants is a huge wake-up call for landlords all across our province.

The report is about serial bad tenants who don’t pay rent.

It has landlords demanding a bad-tenant registry in British Columbia.

We had a Vancouver landlord email us the following:

“I also rented to some bad tenants. I was lucky they left owing only a month of rent and left the rental property pretty clean with the keys in the door.

I know see how lucky I was and will never rent to anyone without screening them properly!”

A landlord in Kelowna wrote in:

“This type of tenant scam happens all the time. Only now the media finally reported it!”

We even had an Alberta landlord write in with advice:

“Don’t wait for the government to do anything because they won’t. Make sure you check out anyone who wants to rent your property because this type of bad renter behaviour is happening not just in British Columbia.”

What Makes a Tenant A Good Tenant?

The good news is most of the tenants are there are good. These are the people you need to rent to. They treat you and your property with respect and pay the rent on time.

What is a Bad Tenant?

As we see from the CBC news report, bad tenants don’t pay the rent.

It’s also common for these types of tenants to cause damages to your rental property, leave a lot of garbage behind when they finally move, and cause a lot of drama with other tenants (and give their drama to you, the landlord).

How Can A Landlord Find Good Tenants? (And Avoid the Serial Ones)?

The most effective way is to be careful who you rent to.

A good tenant screening process includes a credit check.

It will provide you with a window on your tenant applicants financial history, as well as verify employment and past addresses.

What Will A Tenant Credit Check Show Me?

It’s exactly what successful landlords need to rent to the great tenants out there!

1. Credit Score

A credit score reveals the credit worthiness of a potential tenant.

If they have a history of paying their bills on time and being careful with the debts and finances it will result in a high credit score.

2. Current and Past Addresses

If any of the landlords had check their tenant’s credit they would have been able to see where they lived before and contacted those former landlords.

This way they would have found these tenants had a history of not-paying rent.

3. Employment

Are they currently employed? What about past employment?

4. Identification verification

Are they who they really say they are?

5. Past court judgments and other important information

Has anyone sued them and won a judgment against them? Do they owe anyone money? Are people chasing after them to try to collect debts owed?

All this is vital information about the people who are thinking of allowing into your investment property.

How Much Will This Cost?

Other groups charge members an annual fee to become a member.

Yikes! Those fees add up!

We don’t believe this is fair for small landlords.

For small landlords this large fee can add up, especially as you have to continue to pay year after year.

British Columbia Landlords – Get our services for only a one-time fee of only $99 and get access to the best credit checks available at a great price!

Monday, April 11th, 2011

Savings of 77% for OLA Members with!

On Equifax and/or TransUnion Credit Reports with Tenancy Information!

Resident Screening Services for one unit Landlords to the largest. Protect your income with the best, (more…)

Tuesday, January 11th, 2011

Home wreckers


Her rental property damaged by her former tenants, owner Nancy Lowe is now trying to repair the damaged and receiving little help from authorities or her insurance. Nancy looks though one of the several broken windows left by her former tenants.

Nancy Lowe can only describe her house as a pigsty.

Walking into her rental property on Campbell Avenue the day after her tenants left, Lowe discovered damage to every room in the house.

“There’s stains everywhere, there’s holes in all the walls, it looks like they had anger management issues and punched holes in the walls and doors,” she said, shaking her head as she surveyed the damage.

Lowe bought the house in the Barrie’s central neighbourhood in June 2009 as a rental property.

She was impressed with the brand-new carpets, new hardwood floors and fresh paint job.

To keep her heating costs down, she put on a new steel tile roof and began interviewing prospective tenants.

After meeting the parents of one young man and calling the young woman’s boss, she felt she’d done due diligence and let the three friends move in.

While monthly payments weren’t the issue, a few incidents she now considers red flags cross her mind as she remembers the year.

Once, her husband dropped by the house after a large snowfall and had to tell the tenants not to snowboard off the roof of the old garage.

Another time, Mitch Martin, the upstairs tenant, called her about the destructive noises coming from below.

“It sounded like they had a couple of brawls,” said Martin, 29, who lived in the apartment above the tenants for the full year.


There was confusion over the thermostat levels and blown fuses a few times that weren’t a big deal, he said.

However, loud music caused enough of a disturbance, the next door neighbour called the police on several occasions, he said.

“You don’t put your nose into other people’s business,” said Martin.

But when he heard a loud crash as if something was smashed against the basement door — he shares the stairwell and the sounds travels — he felt compelled to call the landlord.

The hole in the basement door suggests he might be right.

Lowe’s complaints — while some are simple wear and tear from a bit more than gentle use of the floors and carpets — stem from the three broken windows, a toilet that was rarely if ever cleaned, and huge gouges out of the enamel on the bathroom tub.

Fortunately, she said, she has before and after photos that show the extremely clean condition before the tenants moved in.

A walk through the central Barrie house now shows ripped tiles, a six-inch ragged hole made through a kitchen cupboard into a bedroom for an extension cord, and broken kitchen patio doors; Lowe can put her fingers through the broken frame.

Lowe complained to Barrie police regarding the destruction of her property, but there’s little they can do.

Const. Toni Dufour said there’s not enough evidence to lay a charge.

“We did contact one of the tenants, who said the damage was done by an unknown person — there’s been several parties since he moved in — but unless there’s a witness, we can’t lay charges,” said Dufour.

Her advice to the landlord is follow up in a civil court of law.

However, Landlord Legal owner April Stewart said she’s literally got binders full of judgments she hasn’t been able to collect on.

“You can’t get blood from a stone,” said Stewart.

The local paralegal said the services she’s created to assist landlords collect from destructive or non-paying tenants has kept her running off her feet trying to collect outstanding money owed to landlords.

“I want to stress, this isn’t necessarily a problem with 20- year-olds. I’ve seen just as many adults, right up to 60, who are irresponsible. And they’re enabled by this legislation.”

The biggest problem is the current landlord tenant act favours the tenant, she said.

Police can’t always prove mischief, or the tenant may even have a previous eviction notice, but the sheriff can’t legally tell a prospective landlord about it.

“There’s no freedom of information about this. There’s nothing in the system to protect the landlord,” she said.

In the future, Stewart said, when a landlord is approached by younger renters, ask the parents to act as guarantors for their children. Perform a credit check; it will show if a tenant has bounced cheques. And, ask to see photo identification; some renters will use a family member’s ID if they know a sibling has a better credit history.

“Visit in the first 30 days to see how they live,” said Stewart.

Landlords are required to give 24-hour written notice, but regular drop-ins are worth it.

Last month, a new tenant moved into the house on Campbell Avenue

He’s put up posters to cover the worst of the damage, steam-cleaned the carpets and carried the majority of the last owners refuse out to the garage — or just thrown it out for the trash.

He said he’s rented quite a few apartments, but “never saw anything as bad as this.

“I’m a patient man, I don’t mind waiting for her to fix this,” said the new tenant, who requested that his name not be used. “It’s not her fault, but it’s her responsibility to fix it.”

The OLA and OLA Members in the Globe and Mail!

Tuesday, October 19th, 2010

The landlord blues


From Tuesday’s Globe and Mail
Published Monday, Oct. 18, 2010 3:18PM EDT

Mathieu Mazur-Goulet has three tenants living in the house he bought a year ago in an up-and-coming Ottawa neighbourhood, but he’s still waiting to break even. The 26-year-old government policy analyst bought the triplex for $257,000 and expected he’d pull in $2,700 each month to cover his fixed costs and return a modest profit.

But unexpected repair costs have made what he thought would be a great long-term investment a major drain on his personal savings. He bought the house thinking it was the perfect “passive” investment: He wanted to live in it after he started a family and planned to rent it out until then.

In a time of economic uncertainty, the idea of investing in property rather than mutual funds can be attractive, and figures indicate that more Canadians are getting into the landlord game. The Toronto Real Estate Board says the number of leased properties is on the rise; between May and August, 6,712 condominiums and townhouses were rented – an increase of 18 per cent from last year’s figures. “Many newly completed units are held by investors who have chosen to rent their units,” the board says in its most recent newsletter.

But new small-scale landlords are often hit with the costs of unexpected repairs, the struggle to find good tenants and the stress of not knowing whether the rent will be paid each month. While it may seem like a lucrative way to invest your money long term, getting cash flow out of an income property is not always a passive affair.

Without properly evaluating how rentable a unit is, income properties can lead to bad credit. “Maybe the property is vacant for a period of time,” says Ryan Chelak, an Oakville, Ont., real estate broker. “You start getting behind on your mortgage, which is a tight leash to handle.”

For Mr. Mazur-Goulet, the problems began just hours after he bought the house. His insurance broker said he wouldn’t cover rental properties. Another wanted to charge him $5,000 a year, while some required detailed (and expensive) inspection reports. He finally found one that was willing to insure the house without making it unmarketable.

But that was far from the last hiccup.

It turned out the previous owner fancied himself a handyman. The bathroom in the basement apartment was industrial carpet on top of poorly laid vinyl tile on top of plywood. The unit sat vacant for months (the two others were occupied by long-term tenants) as Mr. Mazur-Goulet fixed the bathroom and made other repairs.

But poor maintenance wasn’t limited to that part of the house.

“One Sunday, I received a voice mail from my tenant telling me, ‘Mathieu, my ceiling is raining,’ ” he says. “You couldn’t imagine the dread that came over me at the time.”

He had to dip into his personal savings for the $5,500 to cover a partial roof replacement. This month, the hot water heater went bust and he had to spend $2,500 to replace it. Neither of these were costs he could pass on to his tenants, though he can write them off against his income at tax time.

Now, with all three units occupied, he’s bringing in $2,700 a month in rent, while trying to stay on top of expenses of $2,500 (which include mortgage payments, insurance and property tax as well as some repairs). But he has some financial catch-up to do.

What’s he’s thankful for, though, are good tenants. He joined the Ontario Landlords Association, which gave him tips before he purchased the triplex. After reading other members’ horror stories, he learned the importance of finding the right people. He carefully checked the references of those applying for the basement unit before he found the ideal candidate.

Jane Schweitzer wasn’t so lucky.

The 39-year-old, who works in dental administration, says she went through much turmoil last year when she tried to get rid of a problem tenant who lived in a Brantford, Ont., house Ms. Schweitzer and her husband own.

While real estate is affordable in Brantford, the rental market is hardly booming, which meant she did not have much choice in tenants. Various problems mounted until Ms. Schweitzer initiated eviction proceedings, a process that dragged through the Landlord and Tenant Board for months before the woman left.

“It consumes your life,” Ms. Schweitzer says. “You feel your house is being held hostage on you.”

Income properties just aren’t worth the trouble to her now. She plans to sell the house.

Dave Peniuk also chose a seemingly good deal over rental-market research and had to pay for it in a big way.

He was inspired to buy two multiunit houses in Niagara Falls, Ont., after seeing a late-night infomercial on investments properties. He forked over a few thousand dollars to attend a hotel seminar that promised no-money-down deals and that he’d make enough to retire after just six months. He waited for the money to roll in.

He had little idea who was renting his units, since he paid a property manager (whom he’d inherited with the house) to find tenants. After 10 months, about half the units were vacant on a semi-permanent basis. The rental income wasn’t covering Mr. Peniuk’s $3,600 monthly expenses.

He spent $10,000 trying to spruce up two long-vacant units in the six-plex but even that wasn’t enough to attract tenants to what had become known in that seedy neighbourhood to be a crack house.

He eventually sold the houses. By the end, he lost $35,000 out of his own pocket.

Mr. Peniuk still wasn’t ready to give up on the income property game – he knew he just needed to gain skills to play it better.

He moved to Burnaby, B.C., in 2006 and started to buy properties in Kelowna, Nanaimo and Toronto. He hired some highly recommended property managers to look after the B.C. units. He has a strict process in place for screening tenants, and he makes sure that all sign detailed rental agreements.

Now, he and his wife are full-time investors with $5.5-million in rental real estate.

“It’s not a superactive business, but it should not be considered passive,” he says. “It’s like any investment. You don’t just buy a stock. You should do your research on it.”