Finding A Good Tenant

[SkyRider]

What is the best process to check a potential tenant?

1) Speak to the penultimate landlord (not their current landlord).

2) Credit Bureau check.

3) Police reference report.

4) Employer reference (if he/she is not unemployed).

 

[Ceiling Cat]

What is the best process to check a potential tenant?

1) Speak to the penultimate landlord (not their current landlord). Yes, speak to everyone you can (current and past ). Check previous leases to make sure you are really speaking to a ex-landlord I caught a prospective renter lying.

2) Credit Bureau check. Do your own check and ask the prospective tenant to do a credit check on themselves and see if they match up.

3) Police reference report. Hard to get, get it if you can.

4) Employer reference (if he/she is not unemployed).

Make sure it is really their boss, sometimes managers/supervisors can be buddy buddy. Ask for a check stub from work to verify employment and pay grade.

Even after doing all that there will be no guarantee that the person renting from you will be honest, diligent and honorable.

 

[wazup]

Poor soul, who would want Rocky as a landlord, inane, thoughtless, nonsensical gibberish through the door all day.:frusty:

 

[Wild Wiglin Willie]

Believe me, a dead beat would latch on to any victim he could and parasite all they can and then move on to the next victim.

 

[SkyRider]

Believe me, a dead beat would latch on to any victim he could and parasite all they can and then move on to the next victim.

Yeah, I remember reading some articles about "professional tenants from hell". Anyway, I was watching Hot Property on CP24 and they were discussing the proper way to screen prospective tenants. Interesting, considering how many people now rent out their finished basements or buy rental properties strictly for investment.

 

[Marla]

There was a professional tenant in n.Toronto who was a disbarred lawyer. I had friends who had the misfortune of renting out to him and they could not get rid of him. He knew every legal loophole to extrend his stay for a free two years. There was a movie about this titled "Pacific Heights," in the 80's about a San Fran couple who bought a Victorian downtown and got a tenant to help pay for the reno and it turned into a murderous nightmare.

 

[SkyRider]

There was a movie about this titled "Pacific Heights," in the 80's about a San Fran couple who bought a Victorian downtown and got a tenant to help pay for the reno and it turned into a murderous nightmare.

I saw that movie. Michael Keaton was the "tenant from hell".

I also heard of situations where the tenant killed their landlord for trying to collect overdue rent.

 

[spaman]

What is the best process to check a potential tenant?

1) Speak to the penultimate landlord (not their current landlord).

2) Credit Bureau check.

3) Police reference report.

4) Employer reference (if he/she is not unemployed).

Hire a real-estate agent. They can do all that for you

 

[Ed Thomas]

I saw that movie. Michael Keaton was the "tenant from hell".

I also heard of situations where the tenant killed their landlord for trying to collect overdue rent.

That exact situation happened last yr in NS.

 

[SkyRider]

 

[TeeJay]

1) Speak to the penultimate landlord (not their current landlord). Yes, speak to everyone you can (current and past ). Check previous leases to make sure you are really speaking to a ex-landlord I caught a prospective renter lying.

2) Credit Bureau check. Do your own check and ask the prospective tenant to do a credit check on themselves and see if they match up.

3) Police reference report. Hard to get, get it if you can.

4) Employer reference (if he/she is not unemployed).

Make sure it is really their boss, sometimes managers/supervisors can be buddy buddy. Ask for a check stub from work to verify employment and pay grade.

Even after doing all that there will be no guarantee that the person renting from you will be honest, diligent and honorable.

lol what???
2- Why in the world would anyone consent to 2 separate credit checks? You do realize each hit adds up right?
3- York region will hand this over in less than 15 minutes, but make the renter pay the $60
4- This really is same thing as credit check... but either way noone should be stupid enough to rent to the unemployed/underemployed

 

[TeeJay]

Hire a real-estate agent. They can do all that for you

Possibly
But now you are into the what makes a good agent section

 

[IM469]

What is the best process to check a potential tenant?

1) Speak to the penultimate landlord (not their current landlord).

2) Credit Bureau check.

3) Police reference report.

4) Employer reference (if he/she is not unemployed).

OR

Yes miss, your credentials seem in order ......

 

[K Douglas]

You can't be too careful these days. Ask for references and do a credit check.

 

[Celticman]

I own a few properties in Durham. Some good advice above. One thing that helps me to avoid mistakes is I am prepared to leave a unit empty sooner than risk the consequences of taking on a bad tenant

 

[Titalian]

A good tenant is one who pays on time and spends his winters in Florida.

 

[Titalian]

OR

Yes miss, your credentials seem in order ......

Not after her weekend orgies.

 

[Ridgeman08]

Not after her weekend orgies.

Unless you were INCLUDED in the weekend orgies, with all her equally attractive girl friends! :eyebrows:

 

[Ceiling Cat]

Never shit where you eat.

 

[Ceiling Cat]

Why in the world would anyone consent to 2 separate credit checks? You do realize each hit adds up right?

Dead beat tenants are lazy and they are looking for landlords that are lazier than they are.

If you tell a tenant that they can get a free credit report from Eqifax the tent that wants the apartment will get one. The dead beats will not want to spend the time nor wait for the credit report. You are showing the tenant you are willing to wait. The dead beat wants the landlord to sign as soon as possible or on the spot. Dead beats will know that their credit report will come back bad and not even bother. I have even had applicants tell me that their previous lease was under an ex/relative/roommate when it was not true. The credit reporting agencies will not send a credit report to a unknown previously address.

By telling a prospective tenant that I want them to get a credit report to compare with my own will cause most of the dead beats to disappear. Three our of four do not bother to call back. I call them back and the dead beats will try to fuck me up by telling me it is on the way. I ask them for more details and addresses and they refuse to give it.

I had one applicant tell me she was making $65K/yr. plus at a big company with a letter written by her supervisor. It turned out that the supervisor was her friend and she actually made $24K/yr. Now I insist on check stubs and check with the HR department.