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lots of tenants in one small space - According to the Residential Tenancies Act, How many tenants are too many tenants?

According to the Residential Tenancies Act, How many tenants are too many tenants?

According to the Residential Tenancies Act, How many tenants are too many tenants in one property? As landlords who’ve been in the property management landlord tenant business for many years, we noticed common tenant patterns. Years ago, I rented my 600-square-foot basement suite to a couple. In passing one day, the lady told me her …

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letter showing notice of eviction - How much does it cost to evict a tenant

How much does it cost to evict a tenant?

Many landlords believe that they’ll find a good tenant if they trust their gut and do nothing else. Often, they’re wrong and end up going through an eviction. The cost of having a non-paying tenant runs into thousands of dollars of debt, sometimes bankruptcy, and always causes months of stress and strain. Here are the breakdown of costs.

man handing his credit card to a woman for payment - How to Read a Tenant Credit Report

How to Read a Tenant Credit Report

Many landlords are nervous asking for a tenant’s credit score because they’re unsure of how to read a tenant credit report. How is a credit score rated? Credit reports are part of your tenant’s financial picture. In Canada,there are  two national credit bureaus: TransUnion and Equifax. Although the two credit bureaus have separate algorithms for determining credit …

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