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Hamilton Landlords: Tenant Screening

December 18th, 2013 · No Comments · Hamilton Landlords, Tenant Screening

Hamilton landlords tenant screening

Tenant Credit Checks Are a Key Part Of Good Tenant Screening So Make Sure The Checks Aren’t Faked by Tricky Bad Tenants!

It was a challenging year for Hamilton landlords in 2013.

Fortunately we stuck together and made our voices heard and as the year ends we have lots of optimism for 2014.

As the US economy picks up it will mean more jobs for Ontario.

And things are looking good for Hamilton real estate and for investors and landlords in our city.

According to the Canada Mortgage and Housing Corporation the housing market will be healthy in 2014 and prices will rise above inflation.

Prices in October 2013 increased more than 5% over a year earlier.

More Good Tenants

As the Hamilton economy grows and house prices increase it means there will be more good renters for landlords.

People who would have purchased their own property before are now renting to afford more expensive properties.

People who plan to own their own home can be very attractive tenants as they want to keep their credit score at a high level to eventually get a mortgage.

They also want to save for their own down payment and not waste time arguing with their landlord at the Landlord and Tenant Board.

Find The Good Tenants Out There and Avoid the Pro Tenants

It’s now more important than ever Hamilton landlords, Toronto landlords and landlords all over the province screen carefully and rent to good tenants.

The reality is there are still a large number of bad tenants out there who will manipulate the system and cost you thousands of dollars and months of stress and frustration.

Tenant Credit Checks

This is a very important part of a landlords’ tenant screening process.

Unfortunately some landlords have experienced tenants who produce their own credit report which has turned out to be fake.

More and more small landlords are waking up to the importance of good tenant screening and demanding a tenant credit check before renting out their property to someone.

Bad tenants learn fast.

This means bad tenants will expect landlords to want a credit check.

And they know their credit is bad because they have cheated others and this is reflected in their credit report.

So these bad tenants prepare by creating fraudulent, fake credit reports and try to pass them off as real to unsuspecting landlords.

How Can You Deal With These Tenant Tricks?

It’s easy.

Hamilton landlords can take control of their own tenant screening process.

Never accept a credit report offered to you by a potential tenant. Instead, do your own tenant credit checks.

You can join the Ontario Landlords Association and for a very small one time set up fee you can begin doing credit checks offered by Equifax, Tenant Verification Services, and GARDA background screening.

Each check is very affordable.

And it gives you, the landlord, total control of the tenant screening process.

Hamilton landlords things are looking bright for 2014.

Make sure you find good tenants by taking control of your rental business!

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