Peterborough Landlords – Toronto Star Recommends Joining the Ontario Landlords Association To Avoid Bad Tenants
There was an amazing story in the Toronto Star a few weeks ago called “How Ontario Landlords Can Avoid Bad Tenants.” Lots of landlords in our area emailed us recommending it to other to landlords to read.
It provided lots of good tips to screen out bad tenants. This included checking social media like Facebook and Instagram to find more information about your potential tenants.
Even Alberta landlords are making social media a key part of their tenant screening process.
It also stated one of the most important points is to make sure you rent tenant credit checks on tenants before you rent to them.
Instead they like to have face to face interviews with tenants and this allows sneaky tenants such as Nina Willis, the Tenant From Hell, to trick small landlords and rip them off.
Here is what the Toronto Star said:
“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.”
What About Landlords Who Rent To Students?
Many small landlords in Peterborough rent to students.
Some new landlords think students are pure and won’t cause problems and are nothing like a Tenant from Hell.
Student Tenants Cause $35,000 in Damages To Rental Property
The story is the Peterborough Examiner was shocking to landlords here. The story was called “Students charged after 35K in damages to the rental house.” The damages were so bad even the police were involved.
According to the article police don’t often get involved usually classify landlord/tenant matters as civil matters. But this time, the tenant’s actions went over the line. The house was nearly destroyed.
Did This Student Landlord Protect Himself?
We wrote about this before. and provided tips for student landlords in Peterborough. Now that it cost him tens of thousands of dollars to repair the house the question becomes whether or not the landlord protected himself.
1. Did He Get Co-Signers or Guarantors on the Lease?
2. If So, Did He Run Credit Checks on the Co-signers or Guarantors?
3. Are These People “Collectable”
Even if he wins a lawsuit against them can he collect any money? It’s important to make sure there are people on the lease who can be held financially responsible if damages are done or rent is owed.
Even BC Landlords who rent to students at the University of British Columbia and Simon Fraser University are making sure they run credit checks to make sure there is accountability.
Remember, Canada doesn’t have Debtor’s Prisons so if you can’t collect you are out of luck.
Peterborough landlords – It’s very important to know who you are renting to. This is especially important when you are renting to students and requiring a co-signer or guarantor.
Join the Ontario Landlords Association for a low one-time set fee and make sure you know who you are renting to and know if there are problems you know who to collect from!