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.
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.