Ontario Landlord Lawyer – evictions, mediation, buying or selling a property with tenants, Landlord Tenant Tribunal https://t.co/vdHLib9RTu
— Landlord Law Canada (@Landlord_Law_CA) December 22, 2015
Whenever I speak with a prospective client the question of how to select a tenant comes up. To be clear, tenant selection is the single most important aspect of property management. Once you find a good tenant you must provide good service to keep that good tenant. But, the first step is to find that good tenant. There are two distinct steps:
1. Locate a potential tenant
2. Screen the tenant.
You must learn how to screen a tenant.
Tenant selection is more of an art than a science. You must be flexible and aware. You will get better at this over time. You must recognize that finding a tenant in a small town in Northern Ontario is different from finding a tenant in downtown Toronto. So, after more than 30 years of finding and selecting tenants, here are some of my thoughts about how to select a tenant.
How to find and choose residential tenants in the #Torontorealestate market http://t.co/Ytzl8zFnW8 – Big demand for #Torontorentals
— Landlord Relief (@LandlordRelief) May 16, 2013
Remember: You will solve your problem of finding a good tenant only if you can solve the tenant’s problem of finding a good place to live! You can solve your problem only by solving the tenant’s problem.
Ten Principles of Successful Tenant Selection: