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Tenant Credit Checks and Tenant Criminal Checks

October 25th, 2013 · 1 Comment · Criminal Checks

 Tenant Credit Checks Tenant Criminal Checks

Landlords Across Canada Protect Yourself with Credit Checks and Criminal Checks

Do you want to be a residential landlord?

If you are currently a landlord do you want to continue? Are you doing okay?

We’ve written before about some of the reasons why you should become a landlord.

It seems like things are changing fast.

Landlords Under Attack

We’ve read so many stories of small landlords being under attack.

No, let’s revise that.

We’ve read so many stories of small landlords being under siege recently.

The media likes to write about ‘tenant victims’ and ‘high rents’.

Are these truly the main issues out there? No way.

Sure there are some bad landlords out there. We totally agree with that.

However, look at what small residential landlords have been facing around Canada.

Here are Some Examples of Landlords Under Attack

Alberta

Here is what happened to an Alberta landlord. Yes, the tenant didn’t pay rent, destroyed the place and declared it his embassy.

British Columbia

This is what happened to a British Columbia landlord. He evicted a tenant and was harassed. Via email!

Ontario

Ontario landlords are faced with huge new fees. Get ready for landlord licensing!

The Lesson: Now More Than Ever Before You Need to Screen Your Tenants

How can you protect yourself as a landlord?

Truly the key is to conduct very thorough tenant screening.

Never simply get first and last and hand over the key.

Never trust anyone without verifying what they say is actually true and not a lie (and a scam).

Keys to Good Tenant Screening

Fortunately, tools for landlords to make sure you rent to good tenants are available.

Let’s look at a couple of the most important tools for landlords.

1. Tenant Credit Check

According to the Canada Housing and Mortgage Corporation:

“You should thoroughly research a prospective tenant before making a final decision.”

This is great advice.

You should always do a credit check.

And make sure you choose a good credit check company. 

Some credit check companies offer inferior credit checks that aren’t very helpful for landlords.

We recommend you do a full credit check with GARDA.

You can do a GARDA FULL credit check for only $14/check if you become a member of the Ontario Landlords Association.

2. Tenant Criminal Check

It’s also important landlords do criminal checks. This will not only protect you and your rental property, but will protect any other tenants in the rental unit.

It will also protect the neighbors surrounding your investment property.

We recommend GARDA from criminal checks you can do from your own office or home computer.

These are offered at low costs for landlords in British Columbia, Alberta, and Ontario.

Be Alert At All Times!

Being a landlord can be a profitable and successful investment decision. You need to make sure you choose the right tenants!

Use the services and tools available to make sure you find these right tenants.

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