These opinions are from individual contributors and are not the opinions of the BC Landlords Association.
We believe by fostering communication between landlords and tenants we can improve the BC rental industry. Landlords and tenants can share your thoughts and opinions by emailing us at landlordtenantsolutions groupmail. I keep hearing about how bad things are for renters these days. I rented for years and know this from first hand experience. Sounds good but as a landlord I have to be very careful of my costs and pets can lead to extra costs.
Canada Landlords – How Can I Run a Legal Credit Check On A Tenant?
They can also lead to headaches if they bark or whatever early in the morning or crap in the area. We need to get some balance on this. Rents Are Too High. Again not all of us are rich overseas investors with luxury Vancouver rentals in prime time areas. Many of us have saved to buy a rental and we only charge rents what people can afford and what we need to charge just to cover our mortgages, fees, taxes and the rest.
Site Map, Tenant Screening, Tenant Verification Services
Many of us small landlords are struggling and you need to keep us separate from the rich fat cats. The good news for people wanting to become small landlords is there are a lot of good renters around. I think this is because we have people coming from Alberta where the economy is in a downturn and Alberta landlords are suffering. And prices are really high in British Columbia so a lot of people are renting and saving up for a deposit. I have some good renters now who I just signed a lease with in September after the last couple moved out. When I was advertising there were a lot of very aggressive people applying who seemed to be winners.
Be careful because one bad tenant can really be a nightmare and cost you a ton of money. They might have ripped off Rogers or Bell but they also might have ripped of lots of small landlords too.
I joined the BCLA and am running checks for ten bucks and one-time fee, no annual fee! This is a a story all BC landlords should read. A Prince Rupert landlord is facing thousands of dollars in losses due to bad tenants. The landlord is issuing a warning to others to make sure they do thorough tenant screening before handing over the key to their property. The 2-story rental house was renovated before being rented out. It was in terrific condition. It even had all new appliances. After two years of living there, the tenants left the place in a shambles.
This is why the landlord wants to warn others. All the new appliances were destroyed. Totally unsalvageable. The dishwasher leaks water. The two year old stove has had all the wires ripped out. Paint is chipped off everywhere. There are holes in the drywall. Even the light switches have been torn off. With wires being torn out, only half of the house has working electricity. It could have been caused by the tenants having a grow op. The whole house now reeks of old cigarette smoke. The landlord want to tell other landlords to make sure they do proper tenant screening, including credit checks.
If someone wants to rent your house, vet them thoroughly. Verify consumer identity, credit worthiness, criminal history, rental history, employment background and more.
Tenant Selector is a web enabled, browser based proprietary tool developed in-house by technology and solution experts at Equifax, a recognized worldwide leader in data protection and security. Equifax invites you to visit their website www. About Equifax, www.
Tenant Screening: Tips for Verifying Applicant’s Income
Equifax empowers businesses and consumers with information they can trust. A global leader in information solutions, we leverage one of the largest sources of consumer and commercial data, along with advanced analytics and proprietary technology, to create customized insights that enrich both the performance of businesses and the lives of consumers. Businesses — large and small — rely on us for consumer and business credit intelligence, portfolio management, fraud detection, decisioning technology, marketing tools, and much more. We empower individual consumers to manage their personal credit information, protect their identity, and maximize their financial well-being.
Headquartered in Atlanta, Equifax Inc. Tags: bad tenants , credit checks , help for landlords , landlords rescue , tenant screening , tenant verification system , tvs Posted in Landlord and Tenant News Comments Off on As a small business landlord, I highly recommend TVS! Having such information on file can also act as a deterrent for tenants considering delinquent behaviors.
Collecting tenant debt can be stress free with the help of a tenant debt collection agency. Most agencies only require payment from the landlord when payment is collected from the tenant. Individual agencies vary, make sure to research different agencies and choose the service that best suits you. To minimize the risk of tenant debt, it is strongly recommended that landlords, Realtors and property managers have the prospective tenant read and sign a Notice to Tenant form available from Tenant Verification Service alerting the tenant that bad habits will be reported to TVS, a tenant credit reporting agency.
These forms make a very strong impact statement and will reduce the risk of tenant debt and of late rent payments. When Randall repeatedly turned to the tenancy board for help, she was told to wait. And wait some more. Six months later, she finally left only to move down the street into a Hollywood Ave. He figured his realtor had found him the ideal tenant when she arrived in a chauffeur-driven Bentley to sign the deal in February.
She said she was newly arrived from California and provided a reference no one seems to have checked. Within a few months, his kitchen was damaged by fire, tenants below were complaining about feces dripping from her balcony and her rent cheques began to bounce as hard as a rubber ball. She finally agreed to move by Aug. According to a report in the Toronto Star a woman called the Toronto tenant from hell is now in the middle of her 7th eviction. Tenant Credit Checks. Rules of Running Tenant Credit Checks. Now many landlords are aware of the importance of tenant credit checks.
To run a credit check on tenants you have to use an approved tenant credit check company. The Ontario Landlords Association has a great interview with Equifax on the rules for landlords.
- hillsborough county fl property tax records.
- Get Started Now?
- rent to own furniture yellow pages.
Any inappropriate use or breach of contract could lead to termination of membership with Equifax. I then contact a friend who is a mortgage agent, Realtor, insurance broker, someone who works at a car dealership, etc. Any entity that does share is in violation of this agreement.
How can tenants get these unauthorized credit hits off their records? Due to privacy legislation, once Equifax delivers a file to a member, we MUST post an inquiry by law. As such, we do not remove these inquiries as they are factual and the consumer has a legal right to know their file has been disclosed.
Some tenants who have credit hits from people they never authorized have asked if they should contact the Ministry of Consumer Services to make formal complaints that their credit data was obtained fraudulently. They would like advice on this.