edmonton landlords header image 1

How Can Edmonton Landlords Succeed in 2016?

July 29th, 2016 · credit checks, How Can Edmonton Landlords Succeed in 2016, Tenant screening

Asphalted road at sunset .Forward to the New Year 2016

Experienced and Successful Edmonton Landlords Know a Challenging Economic Climate Makes Tenant Screening, Including Credit Checks, More Important Than Ever. Protect your Rental Property!

The news report from the CBC was about the Edmonton residential property market. It had the headline saying there were Sweet Deals for Renters in Edmonton. The report explained that due to rising vacancy rates rents in Edmonton are declining. Not only that, but some landlords are even offering special incentives to attract potential tenants and get them to fill their rental property.

Higher Vacancy Rates And Lots of Choices For Tenants

The CBC called it a perfect storm for renters in Edmonton. The local economy has been rocked by a combination of economic forces. This includes lower oil prices and a lot of new rental properties being completed and creating a large supply of choices for renters. These economic forces have led vacancy rates to rise from 2.4% in the Spring of 2015 to 4.2% in the Fall of 2015.

You see when oil prices dropped there were less employment opportunities in our city. This means there was less net migration into our city from other provinces.

For years Alberta was a job creator and along with low taxes it led people from all over the country to come here. Not only across Canada, but people around the world were eager to come and settle down in Alberta.

Things have now changed with less people coming here, and also due to job losses there are many tenants who are leaving Alberta. BC landlords and Ontario landlords have noticed they are getting far more qualified tenants now compared to before. Many of these tenants used to work in Alberta and rent here and now have left for other employment opportunities.

Lots of New Rental Properties Being Built

When the economy was strong not that long ago many builders wanted to take advantage of the growing demand for rental properties. This led to a lot of investment in the building of new multi-family residential rental units.

These were built on the assumption the economy would remain strong with lots of people coming to Alberta to work, and to rent. Now many of these new rental buildings are nearly completed and will be coming on the market. This means there will be an over supply of rental housing and tenants will have even more options

Landlords Offering Incentives to Renters

Due to this slow down some landlords are reducing their rental properties to fill their vacant rental units. Others are even offering incentives to get people to rent from them.

These incentives include things such as small deposits and even things such as free cable TV and internet packages. Even with these incentives landlords and property managers say it it still taking them weeks to fill a vacancy (compared to only days not that long ago).

How Can Edmonton Landlords Succeed in 2016?

Experienced and successful Edmonton landlords have been through this before. Our economy is often cyclical in nature. Good times are really good, and then there is a drop in the economy.

Should you panic? No, because it’s only a matter of time before things get really good again. The Alberta Landlords Association blog had some great “top tips for Alberta landlords to succeed in 2016” that is essential reading.

Tenant Screening For Edmonton Landlords

The biggest mistake new landlords make is renting to someone who isn’t qualified just to fill their unit. In a way this is understandable because if there aren’t a lot tenants calling you it can lead you to renting to someone who actually has an interest in your rental property. This is a mistake, as renting to an unqualified tenant can lead to unpaid rent and even thousands of dollars in damages.

Make sure you run a credit check and are patient when looking for new tenants.

After all, it’s only a matter of time before the economy improves and your rental property will have a long list of people wanting to rent from you. Landlords across Canada know you have to have a long term plan, and make sure you only rent to good, rent paying tenants every step of the way!

You can join the Alberta Landlords Association for a low one time registration fee and being running credit checks for a great price! 

Comments Off on How Can Edmonton Landlords Succeed in 2016?Tags:··

Oil Prices Dropping? Economic Challenges? It Means Tenant Screening Is More Important Than Ever

August 2nd, 2015 · Latest News, Tenant Screening Edmonton

 Tenant Screening Edmonton

With our economy facing some challenges in 2015 it’s more important than ever for Edmonton landlords to screen your tenants carefully.

The good news is we are still outpacing the rest of Canada and experienced Alberta landlords know we are still getting a lot of tenants from other provinces wanting to rent our properties.

Many young adults and people of all ages are moving here to find good jobs. Many are looking for a fresh start and plan on laying down roots here. This is all good news for us because attracting talented newcomers means we have more skilled workers who want to save money, buy properties here, and become part of the community.

While the huge majority of these newcomers will be good tenants who pay the rent on time and respect your property smart landlords know it’s still important to screen carefully. After all if you rent to just one group of bad tenants it can lead to big problems and huge financial losses for a small landlord.

How Can Choose Good Tenants From Other Provinces?

This is a common question we hear. When you have someone local wanting to rent from you it’s easy to call their place of employment and know where it is (and if it’s a real company). Many times tenants live in the same city and you can drive by their current place to check it out and maybe even talk to the current landlord.

But how can you find out if a tenant will be a good tenant if they are from let’s say Toronto? Or Prince Edward Island? Or Nova Scotia? Or British Columbia?

No matter where they are coming from it’s important for Calgary landlords to know who you are renting to.

Run a Credit Check On All Prospective Tenants

There’s a terrific post over at Alberta Landlords Success on this topic. Their main point is it’s more important than ever to run a credit check on the tenants who want to rent from you.

A credit check on a tenant is Canada-wide. This means when you do a credit check what someone did while living in Manitoba or Ontario or Newfoundland will show up for you to see, even when you are in Alberta.

When you run a credit check you get to see their credit score. This is an key indicator in finding out if the renters are financially responsible people who have a history of paying their bills on time. People with a high credit score (meaning they pay their bills on time) don’t want to risk that high score. Why? Because a high credit score will allow them to get a mortgage, a car loan, credit cards, etc.

How Can Alberta Landlords Run Credit Checks on Tenants?

It’s now easier and more affordable than ever before. No need for ‘annual fees’, different prices for how many rentals you own or anything like that.

You become a member of the Alberta Landlords Association for a one time registration fee and you can start running premium TVS credit checks for only $10/check.

TVS checks are excellent and they include a credit score, employment information, past addresses, and lots more. They even include a recommendation to you based on the tenants financial history!

Successful Alberta landlords know that when there are economic challenges it’s more important than ever to screen your tenants carefully!

Comments Off on Oil Prices Dropping? Economic Challenges? It Means Tenant Screening Is More Important Than EverTags:

Landlord Edmonton: How To Rent To Good Tenants?

October 20th, 2014 · Alberta rent increase, Latest News

 Edmonton Landlords Vacancy Rates and Renting To Good Tenants

There has been a lot of controversy over the past few days for Alberta landlords. It has to do with Calgary Mayor Nenshi commenting on the state of the Calgary rental market.

The Mayor of Calgary accused small landlords of “gouging” tenants because we raise the rents each year.

He said Alberta landlords view our rental properties as “a get rich quick scheme.”

Out of Touch With Small Alberta Landlords!

Can you believe it? Wow, talk about an out of touch mayor. Who will vote for this type of person who is out of touch with the reality small landlords face in Alberta.

With our economy outpacing the rest of Canada Alberta landlords know we get a lot of tenants from other provinces wanting to rent our properties. One of the reasons why people invest in Edmonton and the rest of Alberta is because we don’t have rent control.

Many young adults and people of all ages are moving here to find good jobs. Many are looking for a fresh start and plan on laying down roots here. This is all good news for us because attracting talented newcomers means we have more skilled workers who want to save money, buy properties here, and become part of the community.

While the huge majority of these newcomers will be good tenants who pay the rent on time and respect your property smart landlords know it’s still important to screen carefully. After all if you rent to just one group of bad tenants it can lead to big problems and huge financial losses for a small landlord.

How Can Choose Good Tenants From Other Provinces?

This is a common question we hear. When you have someone local wanting to rent from you it’s easy to call their place of employment and know where it is (and if it’s a real company). Many times tenants live in the same city and you can drive by their current place to check it out and maybe even talk to the current landlord.

But how can you find out if a tenant will be a good tenant if they are from let’s say Toronto? Or Prince Edward Island? Or Nova Scotia? Or British Columbia?

No matter where they are coming from it’s important for Calgary landlords to know who you are renting to.

Run a Credit Check On A Prospective Tenants

There’s a terrific post over at Alberta Landlords Success on this topic. Their main point is it’s more important than ever to run a credit check on the tenants who want to rent from you.

A credit check on a tenant is Canada-wide. This means when you do a credit check what someone did while living in Manitoba or Ontario or Newfoundland will show up for you to see, even when you are in Alberta.

When you run a credit check you get to see their credit score. This is an key indicator in finding out if the renters are financially responsible people who have a history of paying their bills on time. People with a high credit score (meaning they pay their bills on time) don’t want to risk that high score. Why? Because a high credit score will allow them to get a mortgage, a car loan, credit cards, etc.

How Can Alberta Landlords Run Credit Checks on Tenants?

It’s now easier and more affordable than ever before. No need for ‘annual fees’, different prices for how many rentals you own or anything like that.

You become a member of the Alberta Landlords Association for a one time registration fee and you can start running premium TVS credit checks for only $10/check.

TVS checks are excellent and they include a credit score, employment information, past addresses, and lots more. They even include a recommendation to you based on the tenants financial history!

Comments Off on Landlord Edmonton: How To Rent To Good Tenants?Tags:······

Edmonton Landlords – Be Careful And Cautious Who You Choose As Your Tenants

October 9th, 2014 · Tenant Credit Checks, Tenant screening

 Edmonton landlords tenant murders landlord

Edmonton Landlords – Still Renting To Anyone With First Months’ Rent And a Deposit? Be Careful and Cautious and Run a Credit Check To Find Good Tenants!

The news from the Edmonton Journal was horrible. It’s also a wake call of the importance of being careful of who you rent to and allow into your rental property.

The news was about a tenant who first beat his landlady.

He then stabbed her to death. Next, in an attempt to cover up the crime he then set the rental bungalow on fire.

There are not confirmed motives, but the tenant was unemployed at the time.

It took nearly and an hour and fifty fire fighters to finally put out the blaze.

A twenty-four year old tenant who had only lived there a few months was charged with first-degree murder, possession of an offensive weapon and arson.

Tenant Screening

In this day and age it’s vitally important landlords screen our tenants carefully before renting to someone.

Don’t go on gut instinct and instead make sure you get as much information you can on the tenant and verify it all.

Edmonton Police Service Website

On the Edmonton Police Service website there is really good advice on how landlords can protect themselves with careful tenant screening.

Also, with good screening you are also protecting other tenants who live in the rental building.

“Responsible landlords take the applicant screening process very seriously. They should not be afraid to request application fees or deposits, and should not hesitate to include detailed questions on the tenancy application.

By being diligent in regards to the application process, landlords are able to screen undesirable individuals. This also gives quality applicants the piece of mind that comes from knowing that all applicants are being screened equally, and that the landlord is trying to keep the criminal element out.

Thoroughly screen each applicant using credit checks, employment checks, and contact at least two to three previous landlords.”

Tenant Credit Checks

Running a credit check is the heart of a good tenant screening process.

A tenant credit check will show you real information on your potential tenant. You can find out where they work, where they live, where they have lived before and more. It’s something Ontario landlords are making sure they do before handing over the keys.

A string of stories about bad tenants has started more and more BC landlords to also start running credit checks.

A tenant credit check is like shining a light in the darkness to find the truth about the person you are going to rent to.

Aren’t Tenant Credit Checks Complicated and Expensive?

They used to be, but things have changed.

Edmonton landlords can join the Alberta Landlords Association for a low one-time fee and begin running TVS credit checks for only $10 per check.

This is a terrific price for a tenant credit check that will show you a credit score, addresses, employers and more! And you can run checks from your home computer in minutes!

Corporate landlords and large property management companies use tenant credit checks to screen tenants. Now small landlords can to!

Comments Off on Edmonton Landlords – Be Careful And Cautious Who You Choose As Your TenantsTags:···

Edmonton Landlord Tenant Screening – Running a Credit Check

September 1st, 2014 · Edmonton landlords, Latest News, Tenant Credit Checks

Tenant Won't Pay Rent, Grow Op, And Won't Move Out

Tenant Won’t Pay Rent, Grow Op, And Won’t Move Out

Spending $10 on a credit check can protect you from bad tenants and save you thousands of dollars!

The real estate market and the economy continue to do well in Alberta and Edmonton landlords know there are a lot of good tenants out there.

With the creation of more jobs more people are coming to our province in search of good jobs. With rising house prices many of these people will need to rent for at least a few years before being able to afford a down payment to buy their own home.

These renters are have big dreams for their future and want to work hard, save money, and make sure they have a high credit score in order to one day get a mortgage put down their own roots.

Many renters plan to be landlords themselves in the future and will respect you and your rental property.

It all sounds logical.

The problem is amongst all the good tenants are a group of bad tenants.

These are people who might not pay you rent on time, or might not pay rent at all leaving you stuck with paying your mortgage with no rent coming in.

They might trash your property. Or bother other tenants and the landlord and could even become violent as we’ve seen happen to Alberta landlords in the past.

Can’t I Trust My Instincts On Who To Rent To?

It used to be we could trust what people say and believe a handshake meant a commitment. Unfortunately, if you are a landlord today it’s just not enough to protect yourself.

There’s an a very educational story about a BC landlord who trusted her ‘gut’ when you met a tenant who wanted to rent her property.

She thought he would be a perfect tenant. He was well-spoken, polite, talkative, friendly and employed. He was such a nice guy she not only rented to him, she and her husband invited him to their Thanksgiving dinner.

Shortly after he started missing rent payments. Then the rent just stopped.

It just got worse for the landlord. She discovered what she suspects was a marijuana grow op on the property.

It’s already been months but she can’t evict him because he knows how to play the system to keep from getting evicted.

Tenant Credit Checks

Don’t become a victim of a professional tenant who wants to rip you off.

The best way to protect yourself is to make sure you know who you are really renting to. You can do this by running a TVS credit check on the tenant for only $10.

By running a TVS credit check you get to see the tenant’s credit score which shows if they are financially responsible people who pay their bills on time.

You can see current and past addresses and speak with their ‘real’ past landlords and not friends acting as past landlords. You can verify employment. You can see if they have collection agencies chasing them for money they owe.

You even get a recommendation on whether or not you should rent to them.

Start running checks today for only $10/check by joining the Alberta Landlords Association for only a low one-time fee (no annual fee!)

Alberta Landlords Association membership gets you networking with landlords in Alberta and across Canada, access to the Alberta Landlord Rental Kit full of leases and other documents, and gets you started running credit checks from your own home computer.

→ No CommentsTags:·····

Edmonton Landlords – How Can You Avoid Bad Tenants?

August 2nd, 2014 · Edmonton landlords, Residential Tenancy Dispute Resolution Service, Tenant Credit Checks

 Edmonton Landlords – How Can You Avoid Bad Tenants

Edmonton landlords – We all want to avoid bad tenants but how can we do it?

Edmonton landlords are watching carefully as the provincial government is bringing some big new changes to how Alberta landlords can deal with landlord and tenant disputes.

A report in the Calgary Herald says the provincial government is trying to make the court system more efficient. This means any problems between landlords and tenants will move from the courts to the Residential Tenancy Dispute Resolution Service (RTDRS).

As it stands, landlord and tenant issues make up a whopping 5% of all small claims court cases.

What is the Residential Tenancy Dispute Resolution Service?

It’s where landlord and tenant disputes are handled.

Either a landlord or a tenant can file an application and get a Hearing date. At this Hearing you will get an opportunity to argue your case in front of a Tenancy Dispute Officer. At the end, the Officer will make a decision that is legally binding for the landlord and the tenant.

Why Are There So Many Landlord and Tenant Disputes?

Rochelle Johannson works as a lawyer with the Alberta Centre of Public Legal Education.

In the Globe and Mail Johannson was quoted as saying landlords can ‘like’ a tenant and rent to them because of this. And tenant problems can happen later.

She says many small landlords call only call references provided and this is not good enough. Friends can act as former employers and ex-landlords and give a false recommendation to get you to rent to them.

This is why it’s important for Edmonton landlords to be careful just as BC landlords are now being careful after a media report of serial bad tenants there targeting small landlords.

Avoid Bad Tenants With Proper Tenant Screening

Like Johannson said, too many landlords take shortcuts when renting to tenants.

Would you let a complete stranger pay to rent your $500,000 Ferrari? Of course not.

But many small landlords are willing to rent out their $500,000 income property with proper tenant screening.

The Importance of Running A Credit Check on Tenants

If you join the Alberta Landlords Association you can begin running TVS and Equifax credit checks on tenants for only $10 per check.

A tenant credit check will show you who your potential tenants ‘really are.’

1. Identity

You can see if the potential renters are really who they say they are.

2. Employment

Do they really work where they say they do? Remember, job letters can be faked.

3. Past Addresses

You can get ‘real information’ on current and past addresses. This way you won’t be tricked.

4. Collection Agencies

Do they owe money to someone else? Are collection agencies chasing after them?

5. Financial Responsibility

You get to see their credit score. This score is based on their financial responsibility. For example, if they make sure to pay their bills on time their score will be higher.

What if A Tenant Offers Their Own Credit Check?

We recommend you run your own credit checks. There have been cases where Equifax credit reports have been altered to make the tenant ‘look good’ and even forged.

Edmonton Landlords – How Can You Avoid Bad Tenants?

Running a rental property is running a business.

Make sure you treat it like a business and that means screen your tenants carefully including running tenant credit checks.

Join the Alberta Landlords Association for only a low one time registration fee (no annual fee!) and get premium credit checks and the Alberta Rental Kit full of leases, applications, and all the documents you need.

→ No CommentsTags:····

Edmonton Landlords – Vacancy Rates and Renting To Good Tenants

June 23rd, 2014 · Alberta landlords, Edmonton landlords, Tenant Credit Checks

 Edmonton landlords find good tenants credit check

Edmonton Landlords – With Vacancy Rates Low Make Sure You Rent To Good Tenants By Running Credit Checks Before Handing Over The Keys!

There has been some great news for Edmonton landlords these days.

According to a report by Metro News the Edmonton vacancy rate continues to be among the lowest in the country.

This means there are a lot of good renters out there looking for a small number of available rental properties.

A housing report by the CMHC (Canada Mortgage and Housing Corp.) stated the Edmonton vacancy rate was only 1.4%.

This is the lowest in Canada (along with Calgary).

Why Is The Edmonton Vacancy Rate Low?

It’s because the economy is strong and people from around Canada are coming to seek jobs.

Even though there have been a lot of new rentals on the market (increasing supply) the number of new potential tenants is greater (the demand).

Why Is A Low Vacancy Rate Good For Landlords?

It’s good because it means landlords can be picky in who you rent to.

You put up your rental ad and you will have lots of people applying. Smart Alberta landlords will then screen the tenant applicants carefully and make sure you rent to good tenants.

Bad Tenants Are Out There

With lots of good tenants out there, it’s up to the landlord to make sure you find good tenants and avoid the ‘professional tenants’ out there.

And they are out there.

Just last month there was an important news report for landlords in the Edmonton Journal.

It was about an Edmonton tenant who pleaded guilty to arson. You see he was evicted from the property he was renting and then decided to set it on fire…while the new tenants were living there.

His motive: he wanted to get revenge against his landlord because he had been evicted after living there for 6 months.

After setting the fire he went to the hospital and told a nurse he did what he “had to do” to get revenge against his landlord who evicted him and got rid of his left over belongings.

Edmonton Landlords – Rent To Good Tenants!

The vacancy rate is low and there are lots of great tenants out there who want to rent your property.

Make sure you find great tenants by always running a tenant credit check.

You can join the Alberta Landlords Association for only a one-time registration fee (no annual fee!) and start running premium tenant credit checks for only $10/check!

→ No CommentsTags:·····

Credit Check Edmonton: Find Great Tenants With TVS Credit Checks

April 3rd, 2014 · Property Management, Tenant Screening Edmonton: Tenant Credit Checks

 Edmonton landlords TVS credit check tenant screening

Great news for Edmonton Landlords.

The Edmonton Journal had a story on the best places to live in Canada in 2014 and we finished third.

The story was about a study done by Moneysense magazine rating Canadian cities and their ‘liveability.’

The province of Alberta dominated the top of the lists.

St. Alberta finished number one and Calgary landlords are proud to say they finished in the top spot for large cities.

What Does This Mean For Edmonton Landlords?

It means we are a very attractive destination for people to settle in whether they are from around the country and international.

This means tenants are arriving which is one of the reasons the Edmonton vacancy rate is low.

Most of these new arrivals are great tenants who will respect you and your rental property. You won’t have to worry about late rent or damages.

How to Find Great Tenants?

Of course mixed with all those great tenants are some bad apples. 

These tenants are very clever and know what a landlords wants to hear to hand over the keys and rent to them.

While new landlords might find the idea of people lying to rent from you, an experienced Alberta landlord knows these types of tenants will:

1.  Make sure they dress well to impress you

2.  Often arrive in a nice car (which usually isn’t there own)

3.  Be very polite and personable

4.  Have a story about why they are moving to your area

5.  Have a well-developed background story to tell you.

Take a look at some reports of landlords who rented to bad tenants and the huge costs they ended up paying.

Find Great Tenants With Landlord Credit Checks

Anyone can act nice, smile and tell you a story. So how can you find out the truth about them?

One key tenant screening tool is a landlord credit check.

TVS (Tenant Verification Services)

The Alberta Landlords Association has now partnered with the leading tenant screening company in Canada: TVS.

For only a one time fee (no annual fee) Alberta landlords can do premium landlord credit checks using TVS for only $10 per check!

Why Choose TVS for Landlord Credit Checks?

TVS is an amazing company and you will love their reports and the excellent customer service.  They offer:

1.  A toll-free number to help you get set up and doing credit checks fast!

2.  An excellent customer service team to answer all your questions

3.  You can start doing checks on your own computer on potential tenants

4.  No faxing, no paper work, just put in the information on you computer

5.  Within minutes you get a credit score, employment information, addresses, etc.

All this for only $10 per check for ALA members.  It can’t be beat!

No hassle, no fuss, no confusing fees…just a great tool to help you succeed in finding great tenants!

Edmonton Landlords Can Now Find Great Tenants With a Great New Service For A Great Price!

→ 1 CommentTags:···

Edmonton Landlords: Happy New Year And Have a Great 2014

January 13th, 2014 · Edmonton landlords

Edmonton landlords 2014

With good tenant screening including tenant credit checks and tenant criminal checks Edmonton landlords are looking forward to a successful New Year!

The title of the Global News report was:

“Are you having trouble finding a place to rent in Edmonton? Well, it appears you’re not alone.”

It was a report on the vacancy rate in Edmonton.

And it said landlords have the upper hand and are charging high rents.

It also spun a message that tenants were suffering.

He said the move has been “so frustrating.”

Why? Because he has had a hard time finding an apartment he can afford.

The Edmonton Vacancy Rate is Low Right Now, as we wrote before.

This is confirmed as according to the Canada Mortgage and Housing Corporation (CMCH) the Edmonton vacancy rate is not just low, but ‘very low.’

It’s at 1.4% which is lower than the 1.7% is was at just over a year ago.

We are Just Behind Calgary in the Vacancy Rate Department

Why the Low Vacancy Rate?

The CMHC report says it’s due to two main factors:

1.         More incoming residents.

More and more people are moving into our city. These groups consist of both newcomers to Canada and people from other provinces.

2.         More jobs

There has been strong job growth. People are moving to Edmonton to find jobs…and they need places to live in.

Edmonton Landlord Challenges

While we don’t see as many regular problems as Ontario landlords seem to face every day and we aren’t stuck with a rent increase guideline of 0.8% that has Ottawa landlords howling for change, we still have our challenges.

Lots of Great Tenants Out There (and some who aren’t)

We saw landlords all over Alberta face challenges renting to bad tenants in 2013 and this will continue this year.

Landlords have to be careful because there are people who will lie to you and once they move in won’t pay rent or will damage your rental property…or both!

It’s important for Edmonton landlords to see what is happening in the rental industry across Alberta in 2014.

You can keep on top of the news for Alberta landlords at the Alberta Landlords Association site.

Tenant Credit Checks and Tenant Credit Checks

Make sure you make good tenant screening as part of your rental business in 2014.

As we wrote before, Edmonton landlords now have access to excellent, low-cost tenant credit checks and criminal checks.

Happy New Year and Have a Great 2014

Over the coming months we will continue to provide news, tips and advice for Edmonton landlords.

Make sure you screen carefully and have a happy New Year.

→ No CommentsTags:·

Edmonton Landlords: Vacancy Rate

December 18th, 2013 · Edmonton landlords, Vacancy Rate

 Edmonton landlords property management

Tenants Keep Complaining About How Expensive Edmonton Rentals Are and The Media Keeps Promoting Their Claims

Edmonton landlords know the important of good tenant screening and choosing only good tenants.

After all, landlords here know what the results can be if you don’t screen carefully.

In past years we used to look at Ontario as the bastion of bad tenants and a crazy system that empowered bad tenants.

Unfortunately in 2013 we can see similar things happening in British Columbia…and even lots of bad tenant craziness in Calgary.

Low Vacancy Rates in Edmonton

According to a report on Global News tenants are complaining about how tough it is to rent an apartment in Edmonton.

The report quotes tenant Mike Enders

Enders says it’s very tough to rent an apartment in Edmonton after he returned from a year of living in Vancouver.

He said many of the available apartments had bed bugs and even then wanted over $1,300 per month for only one bedroom.

Of course, Enders didn’t explain how he knew these apartments had bed bugs and Global news didn’t follow up on whether or not Enders was telling the truth.

CMHC Statistics

The latest statistics from the Canada Mortgage and Housing Corporation (CMHC) shows the vacancy rate in Edmonton is sitting at 1.4 per cent, compared to 1.7 per cent in October, 2012.

Here is what the CMHC says:

When it comes to apartment vacancy rates in major cities across Canada, the only city with a lower vacancy rate than Edmonton is Calgary, which has a vacancy rate of one per cent. (See page two of the report posted below)

The CMHC says employment growth and elevated levels of migration have supported increased rental demand in 2013, contributing to the decline in vacancy.

Edmonton Landlords Are Simply Being Careful Who They Rent To

We’ve seen lots of horror stories in 2013 about renters abusing the system in Calgary and and giving landlords lots of problems.

Where is the media when it comes to Edmonton landlords who have invested thousands of dollars to buy their rental properties.

After all, house prices aren’t cheap.

Who are these tenants struggling to find a rental property?

Smart Landlords Do Careful Tenant Screening

Edmonton landlords are careful who they rent to.

Good tenants are welcome.

Tenants with previous histories of eviction, bad credit ratings clearing showing they have cheated past creditors, and those who don’t appreciate our investment properties should look to government housing.

As the Beatles sang “go back to where you once belonged.

→ No CommentsTags:····