Nelda Schulte

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.

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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In Alberta, tenants experiencing domestic violence can terminate a lease early for domestic abuse. Although this isn’t an issue most people like to talk about or deal with, there is legislation passed in 2016 that protects victims of abuse and that landlords need to be aware of.

Experienced landlords have learned how to save valuable time by knowing what pre-screening questions to ask in a tenant interview. Wise landlords understand how to evaluate potential tenants before booking a showing. Why bother with tenant screening? Pre-screening helps determine whether potential tenants are suitable for your rental property