Finding good tenants is a task that is as challenging as finding the proverbial needle in the haystack. You need to weed out the unreliable ones. Connecting the right tenants with the right landlords is a win-win situation for all, which is what a Realtor aims for.
The other day we found a Google review against us from someone who was bitter about being turned down for rent because of unreliable credit history. Much as we would have liked to help him, his credentials did not allow us to put the landlord at a risk. This was Amit’s polite but firm reply:
My deepest regret to those whose credit history falls short of the legal requirement and don’t qualify them to rent or own a property.
The laws of our country make it hard for those with unreliable credit history to rent or invest. Much as I would like to help those with no income or poor credit history, I am unable to. Sometimes putting a guarantor with a good job and credit history helps overcome this problem. But this option of tenant selection is largely dependent on the landlord’s discretion.
A big part of my tenant selection services is to protect landlords by filtering tenants. If the credit history falls short, income is inadequate or the personal or professional credentials of the person are in question, much as I would like to, I am unable to proceed further in the best interests of the landlord I represent. It is unfortunate that in the process, fingers are pointed at the wrong direction when things don’t turn out as expected.
However, as a Realtor with over 10 years of experience behind me, adherence to the Code of Ethics, respecting the laws of this country and protecting my landlord’s interest are of prime concern to me. I sincerely offer you my best wishes for success ahead.
It helps to remember that one cannot always please everyone. In an attempt to offer the best to your clients, you may unintentionally trip up another. Some may nurse their wounds in public. Others will value the effort you put in to pull him out of a difficult situation. Experience in turning a negative setback into a positive one for all is what builds your credentials as a Realtor.
Tenant Selection Process
We represent many landlord investors in Mississauga among other cities in the GTA. Our prime allegiance is to protect their investments, help them secure quality tenants and insure that their properties are well taken care of. Tenant selection process is an important part of our job because this builds confidence amongst landlord investors. Since their properties increase in value over time, it is crucial to select good tenants who can help make our landlords build their profits over time by relying on them to diligently pay rent on time.
The landlord-tenant rules and the Residential Tenancies Act that govern the relationship between landlords and tenants have been made by the Ontario province. Landlords cannot discriminate against tenants as per the Human Rights Code of Ontario. Professionals Realtors step in to help them select the right tenants through a filtering process, they know what questions to ask and how to find the right tenant for the right landlord.
Finding good tenants is not an easy. There is no dearth of people looking to rent. Yet, not everyone can qualify as an ideal tenant. So what do you do, short of throwing up your hands?
When things turn sour with a rejected tenant, it pays to remember that often a negative situation can turn out to be a positive one. Landlords are assured that the tenant selection process was stringent and that they need to trust the Realtor to protect the landlords’ interest with more confidence.
With over a decade in the real estate business in Mississauga, our relationship with our landlords, investors and good tenants have been built on this level of trust, dedication and our ability to look out for their best interests over our own. Today, we have hundreds of happy landlords who can vouch for our services time and again.
We thank you all for all the support and trust in our abilities and look forward to building property investment for others. For further information, please call Team Amit Kalia at your convenience.