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How Much Can BC Landlords Legally Raise The Rent in 2016?

July 10th, 2016 · BC Landlord Rent Increase 2016, Landlords BC, Latest News

BC Landlords Association Rent Increase Guideline 2016

BC Landlords – The 2016 Rent Increase Guideline is 2.9%

Experienced and successful BC landlords know the importance of maintaining high quality rental properties. Good, safe, well-maintained and attractive rental properties catch the attention of good, paying tenants. And you need to rent to good paying tenants to be a successful landlord.

With proper tenant screening landlords in British Columbia know you can find good tenants, but you must have nice properties to attract them to even apply to rent from you. You need to get potentially good tenants to have an interest in your property.

Experienced and successful BC landlords also know that maintaining safe and well maintained properties is also expensive, especially with landlord costs increasing fast.

How Are Costs Increasing?

First of all you can see property taxes increasing. And then you can add in the fact the prices of professional contractors, electricians, plumbers and others are rising.This means if you want to replace that older roof with a new one, it will cost more in 2016. If you want to replace an older toilet with a more efficient one, it will cost more. If you want to repair a deck, or add more security features, or put in new windows that will save energy…you name it, and it’s likely to empty your wallet more than in 2015.

Increased Housing Prices

The entire province has also seen a lot of appreciation in housing market. This means if you bought over the past few years your rents are going to need to be high in order to help cover your mortgage. Old time landlords with long term tenants want to make sure their rents are in the same ball park as all the new landlords.

BC Landlords Can Raise the Rent By 2.9% in 2016

According to the BC Residential Tenancy branch BC landlords can raise the rent by 2.9% in 2016. In BC their is rent control and you have to follow the guideline for existing tenants.

Is 2.9% Fair?

Is this enough of an allowable rent increase for your rental property? Canadian landlords often look at other provinces to compare how much other landlords can raise the rent.

How Much Can Other Canadian Landlords Raise the Rent in 2016?

While 2.9% looks small compared to what Alberta landlords can charge (they don’t have a rent increase guideline for residential landlords who want to raise the rent), in Ontario landlords can only raise the rent by a 2% in 2016 (and they have fast rising costs just as we do.)

Are You Going To Raise the Rent in 2016?

If you are make sure you follow the rules. BC landlords can raise the rent by 2.9% in 2016 and it’s a good idea to do so and use your increase to have safe, well-maintained and attractive properties.

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BC Landlord Question: How Much Can I Raise the Rent in 2015?

July 29th, 2015 · BC landlord rent increase 2015, BC Landlords Association, Latest News

BC landlords rent increase 2015

BC landlords know the importance of renting to good tenants.

And we know the important of collecting rent on time. There was a question on the BC Landlords forum about raising the rent. The landlord said she wanted to raise the rent on her tenants because her cost of doing business had increased this year. Everything from plumbers, to electricians to taxes keep going up.

We also know our business costs are rising every year and we need to keep the rent up to at least try to cover these increasing costs.

This is why we are interested in what the government rent guideline is because the province of British Columbia has what is called ‘rent control’.

What is Rent Control?

This means the government has their hands in our industry and can tell us what we can and cannot do, including how much we can raise rents for current tenants in our properties. Alberta landlords do not have rent control. This means they can raise the rent as much as the markets say they can. It’s a very fair system that is based on simple “supply and demand.” With a new NDP government, there is talk that Alberta landlords could be subjected to rent control.

How Much Can BC Landlords Raise the Rent in 2015?

According to the BC Landlords Association, British Columbia landlords can raise the rent only 2.5% in 2015.

How Do They Come Up With the Rent Increase Amount?

The percentage is based on inflation plus two per cent.  While the yearly rental increase cap is meant to be the maximum amount rents can go up,  most landlords usually opt to raise rents by the full rate.

A 2.5 per cent increase means rent on a $1,000-per month one bedroom apartment will go up by 25 dollars a month, or $300 a year.

How Much Was the 2014 BC Rent Increase?

In 2014 BC landlords could raise the rent by only 2.4%

How Much Can Landlords in Other Provinces Raise the Rent in 2015?

Ontario landlords can only raise the rent 1.6% in 2015. As we wrote earlier Alberta landlords are lucky enough to not have any guideline as long as they provide their renters with proper notice of the new rent.

My Costs As A Landlord Are Higher Than 2.5%!

This sentiment is shared by many landlords, especially small landlords who are on tight budgets, have mortgages to pay, and spend money to maintain their properties.

Unfortunately, instead of focusing on high taxes, gas and electricity costs, rates for contractors, plumbers and electricians, it’s easy for the government to blame landlords for rising costs.

What If My Tenants Disagree With the Rent Increase?

We recommend you talk to your tenants and explain the real situation small landlords face.

Explain your increasing costs and that you are running a business. Most good tenants will understand and appreciate your explanation. This is why it’s so important to rent to good reasonable tenants and why tenant screening, including running a BC landlord credit check on your tenants is essential!

BC Landlords Can Raise the Rent 2.5% in 2015

Make Sure You Rent To Good Tenants Who Will Understand Why You Need To Raise The Rent For Your Rental Business!

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BC Landlords – Find Good Tenants! Get Premium Credit Checks From TVS

March 2nd, 2015 · BC Landlords Association, Latest News, TVS credit checks

 BC landlords association membership TVS Run Tenant credit checks

BC Landlords – Run TVS Credit Checks To Make Sure You Rent To Good Tenants

Experienced landlords in British Columbia know the key to success is finding and renting to all the good tenants out there and avoiding the bad ones.

What is a ‘Good’ Tenant?

Great question. There are a lot of good tenants out there. These are tenants who respect you (the landlord), the lease and the rental property.

These tenants make sure they pay the rent on time and treat the rental property like it’s their own home.

If for some reason they are going to be late in paying rent, they call you and explain the situation to you and set up a time to pay you as soon as possible.

When they move out, these good tenants give you proper notice and make sure they leave the property at least as clean and pretty as it was when they moved in.

Many small landlords were tenants before, and these tenants were just like you were.

What is a ‘Bad’ Tenant?

Unfortunately small BC landlords are finding out about bad tenants more than ever in 2014.

These are tenants who move in and stop paying rent. As these serial bad BC tenants who ripped of a bunch of landlords shows.

Or they damage or property. They don’t follow the lease rules. Some even create grow-ops on the property.

How Can Landlords Rent to Good Tenants and Avoid Renting to Bad Tenants?

The first rule is never rely on your “gut feeling” or instinct.

This BC landlord advertised her nice rental property and rented to a guy based on him having a nice haircut, being nice when they met and giving her a good feeling.

She even had the renter over to her house for Thanksgiving dinner.

Soon after he stopped paying rent, started a grow-op and refuses to move. A year later this small BC landlord is still trying to evict him as he plays games at the Residential Tenancy Branch.

What Can BC Landlords Do to Avoid Bad Tenants?

The best way to screen tenants and rent to good tenants is by running a credit check.

How Can a Credit Check Help Landlords?

If you run a credit check on your potential tenant you will get a lot of important information on the tenant.

You will learn the COLD HARD TRUTH about the potential tenant.

A credit check will give you vital information about your potential renter.

TVS for BC

TVS Credit Checks Are Awesome!

For example, landlords can run a credit check on their potential tenants with TVS.

What Does A TVS Credit Check Show Me?

You can run a TVS check on your own home or office computer (it takes about a minute to do).

Once you run a TVS credit check on a tenant you will get the following information:

1. Credit Score

A credit score it the ultimate indicator of whether or not the potential tenant pays their bills on time.

A high score shows the landlord this tenant pays their bills on time and is very careful. A high credit score can be difficult to achieve.

A lower score may show they pay their bill late or don’t even pay.

A credit score is a great way for small landlords to learn about their potential tenants pay habits.

2. Current and Past Addresses

This is a great way to confirm where the tenant lives and past addresses. You can then contact ‘real’ past landlords to find out how the tenant acted during their former tenancies.

3. Employment

A credit check will who you the real facts on where a tenant works . This allows you to contact the employer as a reference check.

4. Are Any Collection Agencies Chasing Them?

A credit check will show you if any collections agencies are chasing them. If you see a collections agency seeking money from a potential tenant it can be a big red flag.

How Can I Run A Credit Check On My Potential Tenant?

Is used to be complicated and expensive. Not any more.

You can join the BC Landlords Association for a low one-time registration fee (no annual fees and no extra costs/unit)

Once you are a member you can begin using TVS for credit checks for only $10 per check!

TVS checks are excellent

You can run them from your own home or office computer (they take about a minute to run) and they include a credit score, past addresses, employment and more.

TVS credit checks are the best out there and they even include a recommendation for the landlord!

BC Landlords – Become a Member of the BC Landlords Association and Get Premium TVS Credit Checks For Only $10/check from your Home or Office Computer. 

It’s the Landlord Deal of a Lifetime To Help You Rent To Good Tenants!

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Landlords in BC – Top 5 Tenant Screening Mistakes

September 1st, 2014 · BC Landlords, BC Landlords Membership Review, Latest News

Landlord BC - Top 5Tenant Screening Mistakes

Landlords in BC – Avoid These Top 5 Tenant Screening Mistakes And Rent To Great Tenants

BC Landlords know the importance of tenant screening.  It’s been a terrific summer for BC Landlords who have seen our vacancy rate lower and house prices appreciate.

The Canada Mortgage and Housing Corp (CMCH) forecasts the Vancouver vacancy rate for rental properties to drop be 1.9% this year and drop to 1.8% in 2015.

Only Alberta landlords in Calgary and Edmonton are enjoying lower vacancy rates.

High Prices, Low Vacancies, So What’s The Problem For BC Landlords?

The problem is that while there are lots of great tenants out there who want to rent well managed properties from responsible landlords there is also another group.

This group is small yet still large enough to be take extremely seriously.

Bad Tenants in British Columbia

There are tenants who want to rip off landlords. Especially small landlords. And they know how to manipulate the system to accomplish their goal.

We’ve written before about these tenants who lie to landlords and then exploit the system to avoid paying rent.

For example take a look at a couple of serial bad tenants who had to pay up to one small residential landlord they cheated to avoid jail time!

These are tenants who are very charismatic and can tell a great story to get small landlords to rent from them without doing proper tenant screening including tenant credit checks.

How Can BC Landlords Avoid Bad Tenants?

It’s all about avoiding tenant screening mistakes.

Under the system British Columbia landlords face, renting to one bad tenant can lead to months of stress and even a loss of thousands of dollars.

Top 5 BC Landlord Tenant Screening Mistakes

Here is our list of the top 5 biggest mistakes BC landlords make in renting to tenants.

1. Believe the tenant’s story

Small BC landlords are good people and have worked hard to get where they are. We want to help people who are struggling to succeed.

You need to verify everything the tenants say and write down on the application you can download as part of the BC landlord Rental Kit.

2. Go with your gut instinct

When you meet people who tell you a good story you tend to believe them. For example, the serial bad tenants said they were moving because their current landlords was a ‘bad landlord’ and they wanted to protect their family and rent from a ‘good landlord.’

Eight BC landlords believed this type of story in a two year span and all the landlords got cheated as the tenant cheques bounced and they refused to pay rent!

3. No Tenant Credit Check

Lots of landlords have never run a credit check before. It’s new and it looks to be complicated and expensive.

They don’t run tenant credit checks and disaster happens as the tenant they trusted turns out to be a liar.

4. Poorly Done Employment Check

Small landlords know the important of an employment check. However, they don’t run tenant credit checks to see who the tenants current and former employers really are.

It’s easy for sneaky tenants to get a friend to say they were their former employer and give a fake recommendation.

5. Real Current and Former Landlords Check

This is similar to the fake employment check bad tenants use to trick good landlords.

Bad tenants have a friend ready to answer the phone and have a script ready to recommend their “employee” who really is only a buddy or pal.

Join the British Columbia Landlords Association to Find Great Tenants!

This is a terrific landlord community and the best deal for BC Landlords.

There is only a one-time registration fee.

That’s right. Only a one-time registration fee, no annual fee.

And unlike some other groups which aren’t clear about their membership fees and what they offer, the BC Landlords membership fee is up-front and clear. 

One time registration fee only!

Small landlords know the importance of saving money and the BC Landlords Association is run by landlords to help landlords…and that means only a one-time fee to registry for terrific services.

You can network with thousands of experienced landlords and property managers in the Private Members forum, download premium leases and other documents in the BC Landlord Kit, and get huge discounts on the best, most comprehensive tenant credit checks available with Equifax and GARDA.

Recognized by the BC Government

The BC Landlords Association is recognized by the British Columbia provincial government as an important resource for residential landlords.

Do You Rent Your Basement?

You can use Equifax and GARDA to run credit checks on your basement tenants, or even if you own a rooming house!

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BC Landlord Tenant Problems – No Rent, Grow-Op, Won’t Move Out

August 15th, 2014 · Bad Tenants BC, BC Landlords, Residential Tenancy Branch

Go ahead and evict me...if you can!

Go ahead and evict me…if you can!

The BC Landlords Association has worked hard to educate landlords on the importance of tenant screening and to provide the tools landlords need at an affordable price. 

A recent story in the Province is important for other landlords in BC. It’s about a landlord facing a tenant who refuses to pay rent, won’t move out and even built a grow-op.

The story shows why this is so important for small residential landlords to learn the rules, use property documents the right way, and to screen tenants carefully.

A new landlord with tenant problems says the B.C. Residential Tenancy Branch isn’t fair. And her thinking makes perfect sense when she read what is happening to her and her rental property!

First Time Landlord Find the Perfect Tenant (Or So She Thought!)

A BC landlord with a rental property in Prince George is becoming increasingly frustrated dealing with her tenant.

According to the story landlord Angela Cunningham thought she had found the a great tenant for her rental property.

Why Did She Think He Was a Great Tenant?

There were a number of reasons including:

1. Appearance

The person wanting to rent her property was clean-cut and friendly.

2. Employment

He was employed and could afford to pay the rent.

3. “Gut Feeling”

The landlord and her husband got a good “gut feeling” about him. He seemed nice and honest and the type of person who would be a perfect tenant.

This hit is off so well they rented to him and even invited him for their family Thanksgiving dinner.

Things Start To Go Downhill

Soon after the holiday dinner things went downhill. Cunningham says rent payments were missed and she eventually served an eviction notice. Shaw also says she discovered an marijuana grow-op in the property.

Months later the tenant is still living there after she lost at her emergency Residential Tenancy Branch.

The first-time landlords now find themselves with a tenant who refuses to budge and an unfavourable ruling from the Residential Tenancy Branch that’s left them questioning whether B.C.’s tenancy legislation is balanced, or biased toward the renter.

I did exactly what I was told to do and he is still there,” said Angela Cunningham. “I’m horrified that I am asking for help and have to keep jumping through hoops. I am shocked, shocked that this is allowed to continue.”

Become a Professional British Columbia Landlord (and use credit checks!)

You can read the rest of the story and the details at The Province. It’s a startling wake-up for new landlords on what can happen if you aren’t careful.

1. Make sure you read the RTA carefully and know proper procedures.

2. Network with other landlords and learn as much as you can by reading news stories about what has happened to other landlords.

3. Make sure you screen your tenants carefully including running credit checks on your prospective tenants.

BC Landlords Association Membership – For a low one time registration fee new landlords can protect yourselves and your rental business.

Start networking, get the BC Landlord Rental Kit and get premium background screening with tenant credit checks all for a one-time registration fee of $99! (No annual membership fee!)

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BC Landlords – Should You Hire a Property Manager?

August 1st, 2014 · BC Landlords, Landlord BC, Property management, Uncategorized

  Landlord BC Should You Hire a Property Manager

BC Landlords – Should you hire a property manager or should you manage your property yourself?

There are many new BC landlords who have invested a lot of money into their new rental property and want to make sure they find good tenants.

Good tenants pay the rent on time and will take care of your rental property like it’s their own home.

The problem is lots of new landlords know they lack experience and this leads them to consider hiring a property manager from a property management company take over.

After all, there are lots of stories about serial bad tenants cheating landlords out of thousands of dollars and even reports of tenants becoming violent against their landlord.

Should You Hire A Property Manager Or Manage Yourself?

There are lots of good property management companies out there.

However, many experienced BC landlords with only one or two or three rentals tell us they like to manage their properties themselves.

As one Vancouver landlord who owns a condo wrote in:

When you own an income property it’s important to realize no one will care about your success as much as you do. This means you screen the tenants, you do the credit checks, you hand over the keys. “

Property Management Company Ordered to Pay Landlord $25,000 in Damages

A recent report in The Province was about a Maple Ridge landlord who hired a property management company to manage his house while he and his family went on vacation.

In return for paying a monthly fee (which was a percentage of the rent paid) the property management company would:

1. Find Tenants

2. Collect Rent

3. Oversee the Tenants and the Rental Property

4. Take Care of Any Tenant Problems

5. Keep the Landlord Updated on the Property

The landlord felt safe and secure his rental would be managed and took his holiday.

Landlord Nightmare

When the landlord returned to Maple Ridge a year later he found his rental had been trashed.

The property management company didn’t properly screen the tenant, didn’t inspect the property and was grossly negligent of their responsibilities.

The landlord eventually sued and won $25,000 from the property management company. However, the stress and financially loses were far greater.

Should You Become Your Own Property Manager?

This isn’t the first time we’ve heard about a landlord being mistreated.

An Alberta landlord who moved to Arizona and rented out their Edmonton rental property emailed us. She also came back to find their property trashed (and rent unpaid) and the property management company said “there’s nothing we can do.”

Why not manager your property yourself?

You can join the BC Landlords Association and get access to a rental kit full documents such as leases, applications and notices.

There are manuals and guidebooks.

One of the manuals is all about “tenant screening” and teaches you how to choose good tenants (and avoid bad tenants).

You can start running premium tenant credit checks.

And most of all you are in control of what happens to your rental property!

Should You Hire A Property Manager Or Manage Your Own Rental Property?

More and more landlords are managing their own rental properties.

Join the BC Landlords Association and get the tools and services you need to succeed as a residential landlord!

And remember, you can join the BC Landlords Association for only a low one-time set up fee!

No annual fees!

It’s a deal that can’t be beat for British Columbia landlords!

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BC Landlords – Challenges And Opportunities

July 1st, 2014 · BC Landlords, Tenant Credit Check

Choose Good Tenants and Avoid the Pros

Choose Good Tenants and Avoid the Pros

BC Landlords – A Couple Of Recent News Stories Illustrate the Challenges and Opportunities For Landlords And Why Tenant Screening Is So Important

A couple of recent stories in the news really spells out the different paths your rental business can take.

Successful BC landlords know the importance of good tenant screening including running credit checks on tenants.

When you choose the right tenants to move into your rental property you are on the path for success.

There’s nothing better for your landlord business than renting to people who pay their rent on time, follow the law, and treat you and your property with respect.

Lots Of Good Tenants Out There

The good news is there are lots of these types of good tenants out there and they are looking for good landlords who own nice rental properties. These are people who you want to find, and they want to find you too!

Let’s take a look at the Kelowna rental market.

According to a news story from Global News there are now renters desperate to find vacancies in Kelowna. Why?Renters are getting frustrated because there are few good rentals available and Kelowna has one of the tightest rental markets in Canada.

The Canada Housing and Mortgage Corp. says Kelowna has the third lowest vacancy rate in Canada at only 1.5%

(Alberta landlords are in the best situation, with Calgary and Edmonton being the top two cities).

Last year the Kelowna vacancy rate was almost 5%.

Brian Pedersen is the manager of a property management firm called Premier Canadian Properties in Kelowna. Pederson says he has no vacancies and if he did he could have it advertised and rented out in hours.

There Are Also Dangers For Landlords

With the good news about the vacancy rates in the province there is also recent news that should act as a warning for landlords to remain vigilant in choosing tenants.

CTV news reported on a tenant who became violent and ended up in a shoot-out with police.

It began with a dispute between the tenant and his landlord that escalated until the police were called.

The tenant was evicted not long ago and shot his landlord for revenge.

The tenant then started a shoot-out with police as the landlord was taken to the hospital for emergency surgery and is in critical yet stable condition from the gun shot wound. While this is an extreme situation, it’s just another wake up for small landlords to be careful and screen your tenants carefully.

BC Landlords – Challenges And Opportunities

What path do you want to go down?

It’s important to remember that a landlord has the most power before handing over the keys. This makes it vitally important for you to know you are renting to.

Make sure you screen carefully. This should always include a tenant credit check to make sure you can verify everything your potential tenant tells you.

You can start running premium credit checks for an affordable price and no complicated paperwork by joining the BC Landlords Association.

You can join for only a low one-time registration fee (no annual fee) and start running tenant credit checks and also get access to a Rental Kit with leases, applications, and everything you need to get started.

That’s right, for only a one-time registration fee to join.

BC Landlords – Make sure you choose the right path to find good tenants. Screening your tenants carefully will show you the way!

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Landlords BC: How Can I Run A Tenant Credit Check in British Columbia?

June 12th, 2014 · BC Landlords, British Columbia Landlords, Tenant Credit Check

 Landlords BC Tenant Credit Checks British Columbia

Landlords across BC are learning how bad tenants target small landlords and can abuse the system. Make sure you run a tenant credit check to protect your rental property investment!

We don’t mean to sound alarmist but we wrote about a couple of serial bad tenants who would target small landlords, move in, and then stop paying rent a few weeks ago.

Now the story continues with more facts from CBC news. It appears these serial bad tenants ‘might’ face jail time, although we doubt it.

Why Run A Tenant Credit Check?

If any of these seven landlords had done a credit check on these tenants they would not have been cheated and end up losing thousands of dollars in lost rent.

Why Don’t Small Landlords Do Tenant Credit Checks?

There are many reasons.

Small landlords are good people who trust others.

Even Alberta landlords are facing problems after trusting tenants.

And of course Ontario landlords know trusting tenants is a recipe for disaster.

Let’s look at why small landlords trust tenants and don’t screen carefully and don’t run tenant credit checks.

These include:

1. Landlords are Financially Responsible People

Small landlords are financially responsible. After all, it’s not easy to save enough money to own an income property.

Many BC landlords believe tenants will be the same. It’s hard for them to imagine some bad tenants will not pay the rent they legally agreed to pay.

2. Small Landlords are Trusting and Want To Help People

Many landlords want to believe the best in people and if they hear a sad story they want to help them.

For example, these serial bad tenants said their current landlord had taken their rent money and they had nowhere to go.

Unfortunately, while some tenants are telling the truth there are many out there who will act as ‘tenant victims’ in order to trick you into renting to them.

3. With Mortgages to Pay Small Landlords Are Can’t Afford Vacancies

With property prices (and mortgages) so high many landlords need tenants to pay rent to help cover their mortgages.

For many landlords, having a vacant unit for a few months means they might have to sell their rental property.

4. Running Tenants Credit Checks Can Be Confusing

How can landlords run credit checks on tenants? It can be confusing and many of the companies out there aren’t helpful at all.

5. A Tenant Credit Check Can Be Expensive

Many small landlords are operating on a few tight budget.

How Can I Run A Tenant Credit Check in BC?

A Vancouver landlord emailed us a few days ago with the following:

“Hi, I have been reading your site and it is a wonderful resource for landlords.

I want to protect myself and rent to only good tenants. I’m a bit scared after reading about those tenants who just keep moving from one rental to the next without paying.

And they are so arrogant and happy they are getting away with it! It’s crazy!

What is the best way for me to run a credit check on my tenants? I own a couple of condos and as you are aware there is no cash-flow so I want the most affordable option available.

Thank you! Signed… Andy Mak”

Easy To Do, Affordable BC Landlord Credit Checks

Small landlords now have a terrific option.

You can sign up with a low one-time registration fee at the BC Landlords Association and start doing credit checks today.

For only a low one time registration fee (no yearly fee) you get great savings on a “full check” on your potential tenants.  

Once you join you can start doing tenant credit check immediately!

BC Landlords Asking How You Can Do Tenant Credit Checks? We Have the Answer! Protect Your Property and Make Sure You Only Rent To Good Tenants!

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BC Landlord Tenant Screening: Serial Bad Tenants Facing Potential Jail Time For Their Scam

June 1st, 2014 · Bad Tenants BC, BC Landlords, Tenant Credit Checks

 BC Landlord Tenant Screening Serial Bad Tenants Facing Jail Time For Their Scam

Avoid Bad Tenants! A Tenant Credit Check Would Have Saved These 8 BC Landlords From a Couple Of Non-Paying Tenants Now Owing Them $40,000 In Lost Rent and Other Costs!

We like to inform BC landlords of the important of screening your tenants carefully before handing over the keys to your rental property.

After all, you’ve worked hard to purchase your rental property and you need to protect it and your rental business.

In this blog we will update the situation facing 8 different landlords and provide advice how smart landlords can avoid these types of bad tenants.

Serial Bad Tenants Owe Landlords Nearly $40,000

We wrote last month about a couple of serial bad tenants who convince landlords to rent to them without proper tenant screening.  It’s a case that has landlords all over Canada shocked and upset.

An Alberta landlord emailed us asking if they could help in setting up a nation-wide “bad tenant registry.”

As of last month, these bad tenants had just ripped off landlord #6.

A CBC News report shows just how many landlords were cheated by these tenants and the huge financial losses these landlords have suffered.

Counting up all the arrears the landlords claim they are owed by the Perrets equals a large sum of money.

The amount includes unpaid rent, utilities, bailiffs’ fees, cleaning, fees from bounced cheques, court fees and lost rent from vacancies following broken leases.

The amount these serial bad tenants owe their landlords totals $39,650 since July 2012!

Bad Tenant Timeline (How times they have been evicted and how many landlords they owe money to!)

1. July 2012 – September 2012:  Tenants Evicted Owing Over $7500

2. September 2012: Tenants Evicted Again Owing the Landlord $3750

3. October 2012 – March 2013: Tenants Evicted Owing $7900

4. March 2013- May 2013: Tenants Evicted Owing $5000

5. June 2013 – October 2013: Tenants Evicted Owing $7500

6. November 2014 – January 2014: Tenants Evicted owing $3000

7. January 2014 – March 2014: Tenants Evicted Owing $5000

The Importance of Avoiding Bad Tenants

On April 28, a judge in Port Coquitlam small claims court ordered Susan and Chris Perret to repay $6,000 to former landlord Suman Parasad by June 9, or go to jail.

Parasad was the first landlord to take the Perrets to small claims court over unpaid rent, claiming the pair racked up almost $8,000 in arrears in 2013.

Rich Coleman, minister responsible for housing in B.C., says that, while most disputes between landlords and tenants in the province are resolved under the Residential Tenancy Act, this case is beyond its purview.

Will These Serial Bad Tenants Go To Jail?

Many of the landlords who were ripped off for thousands of dollars.

However, it looks unlikely.

nicole-read-rented-to-susan-and-chris-perret

The RCMP told ripped off landlord Nicole Read she should file a complaint as the lead person for all the eight landlords who were defrauded.

Why B.C. Landlords Need To Do Tenant Credit Checks

There are some common themes for the landlords who were ripped off by these bad tenants.

The reality is they were far too trusting of these tenants and didn’t screen them carefully.

How Can a Tenant Credit Check Help Landlords?

A Vancouver landlord emails in asking us the following:

“Your site keeps telling us landlords to conduct credit checks on our tenants. I’m wondering how a tenant credit check would help landlords in the case of those serial bad tenants?”

Every one of these landlords would have saved themselves months of stress and huge financial losses by running a tenant credit check on these tenants.

How Would The Tenant Credit Help Them?

It’s not only the fact a credit check will show the landlord if the tenants have any history of owing money or judgements against them.

It will also save the landlord from these types of serial bad tenants. Here’s how:

1.        A GARDA check will show current and previous addresses

A tenant credit check not only provides you with a credit record and a credit score, it provides you with current and past addresses

2.        Experienced landlords will confirm these past addresses

A tenant credit check shows you these addresses. A smart landlord will then contact the landlords of these past addresses.

3.        You can talk to the real landlords

You don’t have to believe what the tenants say, you can go see for yourself.

4.        You can find out the truth about the tenants

When you talk to the ‘real landlord’ of their current or past landlord you can get a true description of the tenants’ behaviour from the ‘real’ landlord.

5.        Make a decision on renting to tenants based on “real” information, not a story or lies

You can make a decision based on ‘real information’ which in this case would lead you to tell these bad tenants a resounding “No! I won’t rent to you!”

No one deserves to get ripped off by bad tenants. However, the reality is these types of tenants are around and you have to be very careful.

A BC landlord credit check would have saved these 8 landlords tens of thousands of dollars!

How Can I Run a Credit Check On My Tenant?

You can get access to premium tenant credit checks by joining the BC Landlords Association.

Associations such as LandlordBC charge landlords a yearly fee to keep being a member.

For small landlords with only one or two units it doesn’t make financial sense to pay a yearly fee.

For this reason, the BC Landlords Association only charges a one-time fee of $99 to become a member.

Once you are a member you get access to premium credit checks for only $10/check.

What BC Landlords Association Is Best For You?

1. Membership with LandlordBC

Wow, it’s difficult to get simple information from them, such as “What is the price of membership?”.

They charge small landlords $150 per year PLUS $7/unit PLUS a processing fee of $50.  Can you afford that?

2. Membership with the BC Landlords Association

It’s very clear and up-front.

The BC Landlords Association Only Charges a One Time Registration Fee of $99.  

You get access to the “ultimate credit check” from GARDA (one of the leading background check companies in Canada).

This is the “full check” which is very different than what LandlordBC and other associations offer (which are credit checks with very little information compared to a “full credit check”). 

The GARDA “full check” isn’t just a “snap-shot” of your potential renters’ financial history, it’s an encyclopaedia!

Rent To Great Tenants (and avoid the serial bad tenants)

Tenant Credit Checks Are Essential For Successful and Profitable Landlords. Protect your rental property with tenant screening including a credit check.

Join the BC Landlords Association for only a one-time registration fee (no annual fee)

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BC Landlords – Landlord Number #6 Was Just Ripped Off by Serial Bad Tenants

May 1st, 2014 · Bad Tenants, Credit Check, Landlords BC, Tenants Screening, Uncategorized

BC Landlords - Landlord Number #6 Was Just Ripped Off by Serial Bad Tenants

B.C. Landlords – Take A Look At These Six Properties Where The Tenants Didn’t Pay Rent!

Become a Member of the British Columbia Landlords Association for a Small One-Time Fee and Start Doing Credit Checks To Avoid Serial Bad Tenants!

The exposure a couple of serial bad tenants has British Columbia landlords beginning to change the way they screen tenants.

Serial Bad Tenants

According to CBC news Chris and Susan Perret have a small BC landlord trying to evict them again.

You heard that right, “evict them again!”

This is landlord #6 who has been cheated by bad tenants.

What’s So Special About Evicting a Tenant in British Columbia?

It’s been revealed these tenants have been evicted 5 times in the past couple of years and this is their 6th eviction for non-payment of rent.

The latest landlord tricked by them is Cara Falconer in Maple Ridge.

Why Did She Rent To Bad Tenants?

She didn’t do a credit check.

Instead she rented  to these tenants without even doing a simple reference check.

No Tenants Checks At All?

She bought into their story accusing their last landlord of being a thief and stealing their rent money.

She rented to them for April 2014 and guess what.

What Happened to this Maple Ridge Landlord?

The April rent cheque from the tenants bounced.

This landlords has already been ripped for $1500 and it’s just the start.

How Can A Landlord Avoid These Type of Serial Bad Tenants?

Since the CBC investigation has been widely reported at least BC landlords can see what is happening in the rental industry in 2014.

We sometimes think only Ontario landlords are facing bad tenants who want to rip them off.

It’s not the case.

Bad tenants exist in BC and their numbers are growing.

Ok, So How Can I Avoid Bad Tenants and Rent to Good Tenants?

One of best tools to screen your tenants and rent to good tenants is a credit check.

If I do a Credit Check What Information Will I Get?

If you conduct a credit check you will receive the type of important information you need to make a smart, sound and informed decision on whether or not you want to rent to them.

Sounds Good!

For experienced and professional landlords, a tenant credit is essential.

If you become a member of the BC Landlords Association you get terrific deals for discounts on premium credit check services.

You only have to pay a one-time fee to get access to wonderful landlord tenant check services such as GARDA and Equifax.

You Mean It’s Only a One-Time Fee To Become a Member of the BC Landlords Association?

Yes.

Companies like Landlord BC charge an annual fee that simply doesn’t make sense for many small and medium sized landlords.

And their “discounted credit checks” are only what are called “partial checks”.  This means the information you get is very limited.

The BC Landlords Association provides terrific tenant credit check discounts for GARDA which offer you “full checks.”  This is a real credit check which offers you a complete look into your potential tenant’s financial history.

BC Landlords – Become a Member of the BC Landlords Association for a One-Time Fee and Get Premium Credit Checks From Your Own Home or Office.

It’s where small landlords can get the tools and services you need at prices landlords can afford.

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