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Oshawa Landlords – What Can Happen If You Don’t Screen Your Tenants?

July 29th, 2015 · Latest News, Oshawa Landlords, Tenant Credit Checks

 Oshawa Landlords What Can Happen If You Don't Screen Your Tenants

Experienced Oshawa landlords know the important of tenant screening to make sure you rent to good tenants.

New landlords and investors sometimes don’t fully appreciate this.

We hear new landlords say things like:

1. I Used To Rent and I Was a Great Tenant”

The problem is while you might have been a great tenant, there are people who won’t be like you were.

2. “My Aim Is To Be a Good Landlord. My Tenants’ Will Appreciate Me”

The happy news is most tenants appreciate good landlords. The bad news is there are people who simply won’t care and leave behind owed rent, damages and large clean up costs. We’ve heard of one tenant who actually said to his Oshawa landlord “I’m sorry for what my son did to your house.”

3. “What the Worst That Happen? Maybe I Lose a Month of Rent”

You can lose months of rent. And repairs can end up costing you thousands of dollars.

Learn Lessons From Other Landlords

It’s important for new landlords to see what has happened to other landlords who didn’t screen their tenants carefully. Screening carefully means running credit checks on your tenant.

One recent story that hit the newspapers is about a Peterborough landlord who is shaking his head in disgust as he cleans up the mess his former tenant left him.

He had a tenant who decided not to pay his rent.

The landlord filed to evict the tenant at the Landlord and Tenant Board. He finally got the eviction…but it took four months!

When the tenant finally left the landlord entered the property to see it was a disaster.

You see in Ontario landlords are not allowed to ask for damage deposit.

This means tenants often leave garbage or a mess behind because they know they won’t have to pay any money for it. As the tenant activists like to say “let the landlord eat the costs!”

The landlord was forced to spend days cleaning the property and thousands of dollars to make repairs to the walls, windows and more.

He didn’t screen his tenant carefully and because the tenant is on government assistance he won’t be able to collect a dime from him.

Tenant Screening Including Credit Checks

Oshawa landlords can now run premium credit checks for only $10 per check with Ontario Landlords Association membership.

There are lots of good tenants out there and it’s up to you to make sure you find them.

Even in more business friendly provinces Alberta landlords and BC landlords are making credit checks part of their tenant screening process before handing over the keys and signing a lease.

Oshawa Landlords – Make sure you know who you are renting to.

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Ontario Landlords – Toronto Star Recommends Joining the Ontario Landlords Association

July 19th, 2014 · Latest News, Ontario Landlords, Oshawa Landlords, Review of Ontario Landlords Association

 Review of the Ontario Landlords Association  The Toronto Star Recommends Joining the Ontario Landlords Association

Review of the Ontario Landlords Association – The Toronto Star Recommends Joining the Ontario Landlords Association

Oshawa landlords know the challenges and opportunities we face in 2014.

In many respects things are looking good for landlords in Oshawa and Durham landlords in general.

Lots of landlords are reporting their ads are getting lots of responses and it there are signs the economy is improving.

However, we still face many challenges.

1. Rent Increase Guideline

For example, the Rent Increase Guideline for Ontario rental properties is only 1.6% in 2015.

Many landlords feel this is too low and doesn’t cover our costs.

2. Tenants From Hell

Notorious Tenant from Hell Nina Willis is ripping of her latest small Scarborough landlord.

3. The Ontario System is Against Landlords

A tenant who has ripped off landlords for thousands of dollars has even admitted the Ontario system needs to be changed because it’s just too easy to cheat small landlords in Ontario.

How can Ontario Landlords Succeed?

The Toronto Star recently had a wonderfully helpful article for small landlords. It was called “How can Ontario landlords avoid bad tenants.”

It included lots of good advice for Ontario Landlords including:

1. Social Media

When you interview tenants check social media to verify what they are saying. For example, if they say they don’t have pets and have a Facebook page showing them with their pet it’s a huge red flag!

2. Contact Past Landlords

Make sure you contact more than just the current landlord. Why? Because he might say anything to get them to move.

3. Tenant Credit Checks

One of the most important tips the article had was informing small landlords of the important of tenant credit checks.

After all, a credit check will not only show you if your tenants pay the bills they owe, it will also verify employment, current and past addresses and a lot more.

“The Toronto Recommends you join a group such as the Ontario Landlords Association where after becoming a member, you can do a credit check for as low as $10, and use their supporting materials to assist you.”

Great recommendation! Even in more landlord friendly provinces landlords are running credit checks on tenants.

For example BC Landlords are dealing with some serial bad tenants who have ripped off 8 landlords in 2 years, none who ran a tenant credit check. And Alberta landlords are running checks to choose the best tenants from the many who apply.

Ontario Landlords Association Helps Landlords

The Ontario Landlords Association was created by small and medium sized landlords to help other small and medium sized landlords.

This is why the Ontario Landlords Association offers what Ontario landlords need to succeed.

1. Premium Rental Kit

Get premium documents. These include leases, applications, notices and everything you need to protect your rental business.

Everything is online and can be downloaded 24/7. It’s your own online rental kit library!

2. Private Members Forum

Network with other landlords who are in your shoes. No tenant activists, paralegals, lawyers or government officials allowed. Only verified landlords who share your concerns and questions.

3. Landlord Educational CD’s and Manuals

Learn from landlords who aren’t academics writing “how things should work”. Get real life information from landlords and property managers in the trenches writing how things really work!

4. Tenant Credit Checks

It’s a deal that can’t be beat.

Get access to the best tenant credit check services available for huge discounts.

Review of the Ontario Landlords Association – Recommended by the Toronto Star, It’s a Deal that Can’t Be Beat!

Become a Member for Only a One Time Start Up Fee!

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Oshawa Landlords – How Much Can You Raise the Rent?

April 13th, 2014 · Ontario Landlords, Oshawa Landlords, Rent, Residential Tenancies Act

The story in the Toronto Sun on the Ontario Rent Increase Guideline upset small residential landlords across the province.

After all, being allowed to raise the rent by only 0.8% just didn’t make sense.

As a member of the Ontario Landlords Association explained in the Sun story good landlords want to maintain their properties and that costs money.

Taxes are going up more than 0.8% and so are the expenses good landlords pay to hire professional contractors, elections and plumbers.

The Ontario landlord quoted in the Toronto Sun article said many landlords are selling their rental properties and investing in other things besides investment properties.

What other business or industry has the government commanding they cannot even cover their expenses?

It just doesn’t make sense

Especially since British Columbia landlords have a system that ensure they have some security to maintain their rental properties.

You see, like Ontario, BC landlords can raise the rent according to the rate of inflation. However, that that rate has an added 2% to it for landlords.

It’s even more fair for Alberta landlords. They can raise the rent as much as the market will bear.

Is Your Property Exempt from the Ontario Rent Increase Guideline?

There is a very import post that all Ontario landlords should read.

Make sure you click on: How Much Can Your Raise the Rent For New Buildings

Under the Ontario Residential Tenancies Act, some rental properties are exempt from the government Rent Increase Guideline.

Twenty years ago with Bob Rae and the NDP ran the province, investment into rental properties shrank fast.

So Rae and the NDP created these rent increase exemptions in an attempt to spur new investment in rentals.

You and your rental property might be exempt if:

1.         It was not occupied for any purpose before June 17, 1998

-This means it is either in a new building (often a condominium building) built since 1998, or an older building with a new unit or never occupied, residentially or otherwise, before June 17, 1998;

2.         It is a rental unit no part of which has been previously

            rented since July 29th, 1975

– This means only the owner has used or occupied the unit since 1975; or

3.         No part of the building, mobile home park or land lease

            community was occupied for residential purposes before

            November 1, 1991

-This means the building was probably commercially used before 1991 and then was converted to residential use.

Oshawa Landlords How Much Can Your Raise the Rent?

Is your rental exempt from the Rent Increase Guideline? It’s very important for every Ontario landlord to see if you do.

If so, how much are you going to raise the rent for your condo, townhouse, single family home, duplex, triplex or other rental property?

If you are exempt make sure you read the rules for increasing the rent carefully at the Landlord and Tenant Board website.

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Oshawa Landlords: How Much Can I Raise the Rent?

January 7th, 2014 · Oshawa Landlords, Rent Increase 2014

Oshawa landlords rent 2014

In Our First Blog Of 2014 We Look At The Ontario Rent Increase Guideline

Happy New Year to all the hard-working landlords in our city.

We also want to welcome new investors and those looking at investing in Oshawa rental properties in 2014.

In the coming months we will discuss important issues and report news important to Oshawa landlords.

Rent Increase Guideline 2014

Many landlords read the Toronto Sun story on December 29th, 2013 with great interest.

The Sun’s provincial political reporter wrote about the Ontario Rent Increase Guideline for 2014.

Rent Control

Experienced landlords and investors know the province of Ontario controls how much landlords can raise the rent on the tenants who currently live in our rental properties.

For example, in 2013 Ontario Landlords could raise the rent 2.5%.

Spiraling Costs for Landlords

How have your costs risen recently?

Many landlords have experienced some pretty big increases in the expenses just to maintain our rental properties in good condition.

For example, the price to get an electrician or a plumber keep getting higher.

Or you need to buy materials to replace a window or buy wood planks to fix a porch or a deck.

Prices keeps rising.

And we look at our gas, electricity, water and other bills with disbelief.

Our taxes are also rising.

Does anyone believe anything will actually get cheaper in 2014?

Helping Landlords Cover Our Raising Costs

The rent increase guideline is supposed to help landlords cover our growing costs by allowing us to raise the rent on our tenants.

This is why many Ontario landlords were upset we can only raise the rent by 0.8% in 2014.

Landlords all over the province were unhappy.

You can read some of the comments on the Ontario Landlord Forum.

It gets even worse when you see BC landlords can raise the rent 2.2%.

Are our landlord costs so much lower than theirs?

And provinces such as Alberta don’t control how much landlords can raise the rent.

Alberta landlords can raise the rent as the market sees fit.

Oshawa Landlords and 2014

Most landlords feel the rent increase is far too low.

How do you feel about it?

Too low? Good Enough?

Are you even going to raise the rent this year?

In the coming months we will share your opinions on this and other important landlord issues.

Stay tuned and Happy New Year!

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Oshawa Landlords: Beware of Fake Tenant Credit Checks

December 20th, 2013 · Oshawa Landlords, Tenant Credit Checks

 Oshawa landlords rent to good tenants

Oshawa Landlords Get Ready to Make 2014 Your Best Year Ever

Oshawa landlords know we have lots of great opportunities coming in 2014.

We also know we have lots of challenges.

Our challenges mainly focus on bad tenants who know the Ontario Residential Tenancies Act and will manipulate the laws to avoid paying rent and to avoid getting evicted.

Fortunately now more and more Oshawa landlords are doing professional tenant screening including credit checks.

The Ontario Landlords Association offers access to amazing tenant screening tools for a low one-time fee.

It’s the deal of a life-time for small landlords and you can start doing Equifax credit checks within hours of paying your low one-time fee.

Potential Pitfalls Out There

We know there are some potential pitfalls out there.

While most tenants will pay their rent on time and take very good care of the property they are renting, there are also a small but aggressive group of predatory landlords out there.

They know how to abuse the system.

And they know how to stay in your rental property for months without paying you a cent.

This isn’t a situation only for us, it is also a danger for Toronto landlords, and Scarborough landlords and property investors all over Canada!

Fake Credit Checks

Smart Oshawa landlords know the importance of conducting credit checks on potential tenants before  you agree to rent to them and hand over the key.

Pro tenants have become aware of the new wave of good tenant screening done by small landlords.

It’s been reported by some Ontario Landlords that some tricky tenants are playing some clever tricks to try to cheat small landlords, sign a lease, get the keys, and cheat landlords.

Here’s how the plan works:

1. Pro tenants have bad credit because they have cheated others and owe money

2. They want to find a rental property

3. These pro tenants with credit learn small landlords know are starting to do credit checks as part of their tenant screening process to find good tenants

4. Because they have bad credit and want to trick a small landlord they prepare a fake credit report.

5. When they find a rental property they like they volunteer their own credit report to the landlord.

6. They tell the landlord this will save them costs of doing a credit check

7. Except the credit check is fake! They are a fraud.

Oshawa Landlords Be Careful

There are lots of great tenants.

Be careful and make you find them and avoid the pro tenants looking to defraud you. Oshawa landlords know the tricks and will rent only to good, honest tenatns.

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Tenant Screening Oshawa: Tenant Credit Checks

October 30th, 2013 · Oshawa Tenant Credit Check

 Tenant Screening Las Vegas Property Management

Make Sure You Do Tenant Credit Checks Before Handing Over The Keys

One our readers contacted us with a story of what happened to her and her family.

She is an Oshawa landlord with a nice place for rent. She is now out over eight thousand dollars in lost rent, clean up costs, and repairs.

Unfortunately this isn’t the first time a landlord from Oshawa has rented to a bad tenant.

What Type Of Condition Was Her Rental Property?

She has now rented to new tenants and asks we only call her Judy for fear of reprisals from her last tenants.

The property was legal and safe.

It was also in great condition.

The flooring was new. This included carpets in the living room with new expensive under padding.

The appliances were in great shape. The tenant said she was looking for a place that had a dishwasher because she had to cook a lot of meals for her three kids and that meant a lot of washing of dishes and cups.

The landlord bought a new dishwasher for the rental unit to make the tenant happy and get her to sign the lease instead of choosing another place she said she was also considering.

The bathroom was clean with a new eco-friendly toilet.

What About the Structure of the Place?

The windows were winterized and new.

The laundry room was clean and even had a fire-door for fire safety.

The door to the unit had a new door with a good quality locking system.

What Happened?

The landlords interviewed the tenant and her Mother and were impressed. The tenant had first and last ready and could move in within a couple of weeks.

The lease was signed, the rent money was paid, and the tenants moved in.

That’s When the Problems Started

With a few days the tenant started complaining about the noise from upstairs and demanded “something be done immediately!”

A week later the noise complaints continued.

Added to this was a complaint about the quality of the stairs to the unit.

When the landlord said the stairs were fine, the tenant contacted the Bylaw department to complain about the stairs and lots of other things which were broken.

This list of broken things included the laundry room door which the tenant broke herself.

This went on for months.

How Can You Find Good Tenants Avoid Renting to a Tenant From Hell

Tenants from Hell are out there. Take a look at this story from the Toronto Star.

You can find good tenants and avoid tenants from hell with property tenant screening.

Tenant Credit Check

In this case the landlords trusted the tenant and her relatives in their face to face and phone interviews.

Their tenant had answers to every question.

The landlord did not do a credit check on the tenant. This was a huge mistake.

A tenant credit check can’t like. It can’t act. It can’t have ready, believable answers.

A tenant credit check will show you the truth about your applicant’s financial history.

This includes:

1. Have they paid their bills on time?

2. Do they have collection agencies after them for money they owe to people?

3. Are they in debt?

4. Have they declared bankruptcy before?

5. What is their credit score?

Fortunately you can now get tenant credit checks where are affordable.

Check out the Ontario Landlords Association site.

For only a one-time fee you can get access to credit checks you can do with your own computer. They only take minutes.

Oshawa landlords make sure you include tenant credit checks to find good tenants.

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Oshawa Landlords

September 23rd, 2013 · Oshawa Landlords

 Oshawa landlords

It’s time for Oshawa Landlords to get organized and work together for our success.

Knowledge is power. There is strength in numbers.

Tenants have all sort of organizations where they share advice (including how to use the Landlord Tenant Board and the Ontario Residential Tenancies Act to their advantage).

Welcome to our site Oshawa Landlords!

Our goal is to provide help, tips, and advice and networking for Oshawa, Ontario landlords.

Things are looking good for our city.

We are finally starting get back on track and the real estate market and the rental markets are picking up!

It’s an important time for current landlords and those thinking of investing in rental properties here.

Investing in Oshawa, Ontario

For those looking at Oshawa as a place for potential investment here is a brief introduction to the city.

Oshawa is a vibrant city that is improving every day!

It’s a community filled with entertainment, historic sites, top-rated restaurants and a mix of local and brand name shopping.

Visitors and residents enjoy top entertainers and concerts, award-winning events, cultural experiences and, of course, our green spaces and trails!

It’s becoming a fantastic place to invest!

Questions From Landlords

How many times have you asked:

1. I want to learn how to screen my tenants and avoid the pros.

2. I’m thinking of investing in Oshawa. I want to learn more about the city before putting down my hard-earned money.

3. How does the Landlord and Tenant Board work?

4. How can a landlord deal with pro tenants who know how to play the system?

5. Is there a way I can get more involved in making the system fairer for landlords?

This is what this site is all about. Helping landlords get answers to their questions.

Networking

It’s time landlords from across Ontario begin to network and discuss the issues we face.

For example, do you think the system is fair for residential landlords?

Do you want to demand some changes to the Residential Tenancies Act and the Landlord and Tenant Board to make things more fair for landlords?

A great place to begin is signing up for the free Ontario Landlords Forum.

Being a Landlord in Oshawa, Ontario

Experienced landlords know being a landlord or property investor in Oshawa means both opportunities and challenges. In the next few months we will discuss a variety of topics.

This includes:

1. How to find great tenants

2. How to avoid pro tenants

3. What’s the best way to find great tenants

4. Where can you find great rental properties in Oshawa

5. How can I prepare to go to the Landlord and Tenant Board?

These are important issues for landlords all over Ontario.

It’s Time Oshawa Landlords To Network, Share Tips and Advice, and Help Each Other Succeed!

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