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Mississauga Landlords: Property Management

December 19th, 2013 · No Comments · Landlord Licensing, Mississauga landlords

 Mississauga landlords property management

We have discussed how Mississauga landlords can find good tenants, now let’s talk about how to keep your tenants happy

As our city is growing and more opportunities arise more and more people are becoming Mississauga landlords and are doing everything it takes to learn more and succeed.

2014 is an important year for us as Mississauga landlords will require expensive licenses to become or continue as landlords renting out residential rental properties.

With Licensing The Stakes for Landlords Rise

Now that landlords will require expensive licenses the stakes have risen for Mississauga landlords.

Not only do we need to focus on finding good tenants, when we find them we need to know how to keep them renting from us.

Tenant Screening

We can see from reading at the Ontario Landlords Association that landlords all over Ontario continue to fall victim to predatory tenants.

These tenants know the Ontario Residential Tenancy Act by heart. They know every loop-hole and trick.

They also know how to manipulate the Ontario Landlord and Tenant Board.

With the help of Tenant Duty Counsel, these bad tenants can avoid paying the rent for months on end.

It can take up to a year to evict them, and it will end up costing you thousands of dollars.

Fortunately, landlords can now do high quality tenant screening and affordable credit checks to help weed out the bad tenants and find all the good ones out there.

Mississauga landlords know investing in good tenant screening is the key for success.

After all, one call from a bad, manipulative and clever tenant could lead to you losing your license and destroy your rental business.

Keeping Good Tenants

With the chance a bad tenant could lead to you losing your rental license and the time and patience required to find good tenants it’s important to become a superior property manager.

This means once you find good tenants you know what to do to keep them renting from you.

There’s an interesting post by Toronto Landlords on how to keep good tenants.

The landlord suggests buying Christmas gifts and giving them to your good tenants to show you appreciate them.

It doesn’t matter what religion they are, as gift-giving during this holiday is becoming popular around the world.

There’s a great thread at the Ontario Landlords Forum on the subject. You can even vote about what you think about giving gifts.

2014 Is An Important Year for Us

Mississauga Landlords know we face some big challenges in 2014.

Let’s get ready to face these challenges together. These are challenges landlords in British Columbia and Alberta landlords don’t face.

Let’s take on each and every obstacle that we face. Keep reading here because we are on your side!

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