Real Estate

New Landlord in Ontario

  • Last Updated:
  • Sep 1st, 2021 10:34 am
Member
User avatar
Jan 24, 2010
324 posts
109 upvotes
Toronto
Hi,
Can you share some insight into it.

Something I picked up through my research are.

1. Rental Application,
2. Job Letter,
3. Latest 2-Paystubs with income verification,
4. Credit Report.
5. Two Refs,
6. Previous landlord reference.

MrLost wrote: I have learnt screening is most important, just avoid tenants with bad credit. What about the rental agreement, so I need paralegal to draft that ?
Sr. Member
May 2, 2010
632 posts
547 upvotes
GTA
Imo you should just invest in stocks. Much less stressful. Even mutual funds.

But if you insist, then screening is important. They literally must be perfect. Full time job, proof of income,. employment letter, everything.
Sr. Member
Jun 10, 2008
505 posts
386 upvotes
Halton Hills
Of you are on Facebook join the group Ontario Tenants Rights to give you a taste of what's happening in the rental market.
[OP]
Newbie
Jun 9, 2020
17 posts
2 upvotes
jay_jay wrote: Hi,
Can you share some insight into it.

Something I picked up through my research are.

1. Rental Application,
2. Job Letter,
3. Latest 2-Paystubs with income verification,
4. Credit Report.
5. Two Refs,
6. Previous landlord reference.
One thing I want to add use Naborly or TVS for tenant screening

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