Successful Windsor Landlords Use Tenant Credit Checks To Make Sure You Rent to Good Tenants
Windsor landlords know there are excellent opportunities for professional and serious landlords to succeed in our city.
We have a competitive market and by being a ‘great landlord’ you can position yourself to rent to great tenants.
Great tenants pay rent on time, follow the lease terms, follow the law and respect you and your rental property.
This strategy is also true for landlords who rent to students. For example, landlords who rent to students studying at the University of Windsor.
Good Tenants Want To Rent From Professional Landlords
There was a helpful article in CBC news about Windsor Fire and Rescue’s Wake up Windsor program.
This is the program where Windsor fire-fighters go around the city and provide education about the importance of smoke detectors (and educate owners that the law says every house must have at least one working smoke detector for every storey of the house and also outside of all the sleeping areas).
Smart landlords make fire safety a priority and welcome making our city safer.
How Can I Rent To Good Tenants?
There are few things worse for serious and professional landlords than renting to bad tenants.
1. You have made sure your rental property is attractive and safe.
2. You meet all building codes.
3. You know the importance of fire safety.
4. Your rent price is competitive.
5. You learned the rules and laws for being an Ontario landlord.
Unfortunately there are bad tenants out there who don’t pay rent and use the system to avoid being evicted for months.
Help Good Tenants Find You
The Toronto Star had an amazing article called “How Ontario Landlords Can Avoid Bad Tenants.”
It’s essential reading for landlords across Ontario (and BC landlords can also use the advice for their rental properties!)
Some of the tips include checking out Facebook and other social media as a way to screen potential renters.
Another tip was the importance of running credit checks on tenants:
Do a proper credit check using Equifax or TransUnion. The cost is approximately $20. Or 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 Renting To Students?
If you are renting to students make sure you check their co-signers and guarantors. Even Alberta landlords are doing this for students studying at the University of Calgary and other schools there.
Join the Ontario Landlords Association
Join the Ontario Landlords Association!
For an affordable one-time set up fee landlords can get access to a huge amount of terrific services such as tenant credit checks and a “Rental Kit” filled with all the landlord documents you need to succeed.
Become a Professional Landlord and Make Sure You Rent To The Good Tenants Out There!