Posts Tagged ‘credit check’

Run Credit Checks For Only $9.95/Check (With Scores)

Friday, July 31st, 2020

You Can Join the Alberta Landlords Association for a Low One-Time Registration Fee and Start Running Premium Credit Checks for Only $9.95/Check To Find Great Tenants! 

With the current crisis going on it’s more important than ever for landlords to carefully screen your tenants. This always includes running a credit check to make sure your potential renters have a history of paying their bills.

When you join our landlord community you get multiple tools for you to succeed during good times and bad. For over a decade the Alberta Landlords Association has been helping small landlords succeed and getting our voice heard at last.

We also want to help tenants and want to have great communication between parties and a “win win” approach. The is why we have our Pay Your Rent Campaign where we encourage tenants to cooperate with their landlord.

Make Sure A Credit Check For $9.95 Is Part Of Your Screening Process

We were the first organization to promote credit checks for small landlords in Canada. We started this over a decade ago! Our partners are very reputable and you can run a check for only less than ten dollars!

There Are Lots Of Great Tenants Out There Looking For a Great Landlord

Make sure running a credit check is part of your screening. And only for $9.95/check!

Alberta Landlords – You Can Find Good Tenants! Get Premium Credit Checks For Only $10/Check

Sunday, June 22nd, 2014

 Alberta landlords rent to good tenants credit check

Alberta Landlords – You Can Become a Member of the Alberta Landlords Association To Find Great Tenants! Join Up and Get Premium Credit Checks for Only $10 / Check!

JUST A ONE-TIME SET UP FEE TO ACCESS $10 CREDIT CHECKS AND THE  RENTAL KIT!

NO ANNUAL FEES OR HIDDEN COSTS! WE HELP SMALL LANDLORDS!

Experienced Alberta landlords know the secret to being a successful landlord in Alberta is to find great tenants (all the while, not renting to the bad ones out there!)

There is a huge group of good tenants coming to our province and they are looking for good landlords. It’s up to you to make sure you find them and they find you!

So What Do You Mean When You Write Good Tenant?

We believe a good tenant is someone who:

1. Good Tenants Pay Their Rent in a Timely Manner

You are their landlord, not their banker. Tenants need to make sure they pay on time. After all, you have to pay your mortgage on time.

2. Good Tenants Make Paying Rent a Priority

Everyone can have some financial blips. Tenants will make sure they contact you if they have to be a day or two late (and provide you with a good reason they are being late this one time).

3. Good Tenants Show Consideration and Respect Towards Their Landlord

You treat your tenants with consideration and respect and good tenants will do the same thing back to you.

4. Good Tenants Take Care of the Rental Property

You won’t have to worry about finding a huge mess when they move out.

5. Good Tenants Communicate With Their Landlord

Is there some leaking happening? Tenants will make sure you know about it so it can be repaired before it becomes major damage requiring an expensive repair.

Okay, Makes Sense. So What Do You Mean By ‘Bad’ Tenant?”

These are tenants who don’t pay rent and don’t respect the landlord or the rental property.

Unfortunately there are a lot of examples out there. Just take a look at what happened to this honest and hard-working Calgary landlord who got burned by sneaky bad tenants (and ended up costing him over $100,000 in losses and he had to sell his rental!)

Remember, good tenants are out there and you just need to find them.

Can You Help Me To Search for Good Tenants?

Yes! One of the keys to run a credit check on all potential tenants. In fact, you really need to run a credit check to make sure you who you are renting to.

I’m Wondering What Does a Tenant Credit Check Show?

A tenant credit check will provide Alberta landlords with the information you need to know to make sure you are renting to the right person.

What Information Is Included With a Tenant Credit Check?

You will be able to verify a bunch of things your tenants wrote in their application.

For instance, you can check their addresses, employment and financial history.

So What’s The Way To Do A Tenant Credit Check?

It’s now easy and simple for landlords to run credit checks.

For only only a one-time registration fee you can join the Alberta Landlords Association.

Not only do you get great documents and a Private Members forum where you can chat with other landlords, you get access to premium credit checks for only $10 Per Check!

While other associations charge you an annual fee, the Alberta Landlords Association exists only to help landlords and only charges a one-time fee!

Alberta Landlords – Become a Member of the Alberta Landlords Association and Start Running Premium Tenant Credit Checks for Only $10 / Check! It’s the Deal of a Life-time!

Monday, April 11th, 2011

Savings of 77% for OLA Members with Rentcheck.ca!

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

By CHERYL BROWNE, SPECIAL TO THE EXAMINER

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.

Advertisement

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.”

http://www.thebarrieexaminer.com/ArticleDisplay.aspx?e=2923227&#postbox

The OLA and OLA Members in the Globe and Mail!

Tuesday, October 19th, 2010

The landlord blues

DAKSHANA BASCARAMURTY

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.”

http://www.theglobeandmail.com/globe-investor/personal-finance/mortgages/the-landlord-blues/article1762225/