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Alberta Landlord Knowledge Vault for Edmonton Landlords

January 4th, 2018 · No Comments · Edmonton landlords, Latest News, Residential Tenancy Dispute Resolution Service

Alberta landlord knowledge vault

Get Real Life Answers To Handle Tenant Problems with the Alberta Landlord Knowledge Vault

Edmonton landlords know the importance of finding and renting to good tenants. There are a lot of good tenants out there. These are people who will pay the rent on time, treat your rental property with care, and be respectful to you (their landlord) and any other tenants sharing the rental property.

Lots of Good Tenants Out There….But Just “One” Bad Tenant Can Cause You Huge Losses

When you rent to good tenants being a landlord can be a safe and secure way to increase your income and plan for your retirement. But there are risks involved. If you rent to one bad tenant and don’t know how to handle problems and complicated situations it can lead to an incredible amount of stress and loosing a lot of money (and sleep).

Calgary Landlord Out $85,000 Says The System Doesn’t Protect Landlords

A Calgary landlord rented to a person who she trusted with her rental property. Then lots of complicated situations arose and the landlord didn’t know how to handle it. This led to the landlord losing tens of thousands of dollars in lost rent and damages to the property.

It also led for the landlord to decide to sell the rental and give up being a landlord because the system doesn’t protect Alberta landlords.

Bad Tenants in Edmonton

Unfortunately we hear many cases of bad tenants these days and the reality is there are a lot of bad tenants and landlords need to be careful.

Whether it’s not paying rent on time or not paying rent at all the problems are growing. We have even heard of tenants growing weed in their rentals, smoking  and bothering other tenants and leaving behind a huge mess when they move out.

A recent story of an Edmonton landlord who faced bad renters should be known by all Edmonton small landlords as a warning

Arson Arrest

Don’t They Look Like a Nice Couple To Rent Your Property? A report from CTV news was that police charged two people in burning down the former rental property they were living in. The fire murdered the life of the landlord’s little 5 month old baby! “

You Evicted Me? I Want Revenge on My Landlord!”

The two were former tenants who were evicted earlier in the year. The landlord said they were evicted because of theft and because they damaged the rental house on purpose.

A fire was started at the rental property when furniture on the front porch was set on fire. Eight people were in the rental property when the fire was started. Other tenants escaped but the Landlords wife is in critical condition and the landlords son died at the hospital.

Protect Yourself and Your Edmonton Rental Business

We asked some of the most experienced landlords and property managers to put together a vault of answers to help other landlords succeed.

And they came through big time – and we put their knowledge together in a professionally recorded audio CD that helps you through all the steps to running a successful and profitable rental business, in good economic times or bad.

Here are some of the issues answered in the Alberta Landlord Knowledge Vault to help you succeed as a landlord in Alberta.

Questions and discussion includes the following:

What are the best ways to prepare my rental to attract the best renters out there looking for a place?

How can I convince the best tenants to rent from me over other landlords?

Do I need to get any type of special insurance for my rental to protect myself and my financial future?

What are good potential renters really looking for these days and how can I make my rental property special?

Is it a good idea to pay for a property manager or manage things myself?

I hear stories about some bad property managers out there! How do you choose the best property manager?

Is it a good idea to hire a real estate agent to rent out my property?

How do you set the best rental prices for your rental to advertise at attract premium tenants?

How do you do expert market research on your local rental market?

How do you ultimately decide how much the rent will be?

How do you pre-screen tenants to not waste time with bringing people you won’t don’t want to see the apartment?

How do experienced landlords really successfully screen tenants who want to rent from you?

How do you set times to show your rental property?

Tenants keep cancelling appointments on me and it’s driving me nuts. How do you fix this?

Do you screen everyone who is going to move in or is that not the way to do it?

Why is asking what renters are currently paying for rent important for me?

How do you avoid applicants who are just playing games and not serious?

How can I make sure the applicants say who they say they are and not playing games?

Do you tell your potential renters how you are screening them?

What’s the best way to verify if they are working or not?

How do you go into really “in-depth” checking of their employment information and avoiding lying tenants?

How do you screen self-employed applicants to make sure they are financially sound?

How do experienced landlords screen applicants moving to Alberta from other provinces?

How important are personal references for Alberta landlords? How do you know if a reference is fishy or valid?

What do you do if the applicants refuses to give their current landlords information?

What do you do if an applicants refuses to provide their SIN number?

How do you run a credit check on a potential renter?

How do you read a credit check to determine if you should rent to them or not?

What do you do if their credit history shows late payments?

What do you do if the credit check shows a lot of debt?

What do you do if there is a collection on the renter’s credit report?

What types of credit scores do experienced Alberta landlords demand?

How do you really choose the best tenants to put into your rental?

If you have two really good applicants, what is the real criteria to choose one over the other?

What do you do if the applicants have no credit history but seem like good people?

How do you avoid renting from professional tenants?

How the heck do you notify the person you want to rent to?

Are there any tips or strategies when telling your applicant you will rent to them?

How do you make sure the renters are clear on the rules from day 1 to avoid future problems?

What types of leases do you use?

What’s a period tenancy?

What’s a fixed term lease?

What’s better, a periodic tenancy or a fixed term lease…and why?

What information should I include in my lease to protect myself. I’m looking for the most protection!

Does the lease have to be in writing?

Can I require proof of insurance as a condition of the lease?

Is it okay to say no pets are allowed in the lease?

Can Alberta landlords change a pet fee?

What happens at the end of fixed term lease?

Can I charge a security deposit? How does that work in Alberta?

Can I charge a non-refundable pet fee and also charge a security deposit?

Can I deduct money from the security deposit for carpet cleaning, painting, and other damages?

If two tenants from my place and one moves out do I have to return half the security deposit?

Do you do an inspection when renters move out?

What happens if the tenant doesn’t show up for the move out inspection?

What do you do if your tenants don’t pay rent?

Can I end the tenancy if the renters don’t pay rent?

What do you do if the tenant breaks a rule in the lease?

What types of notices are available if your renters are breaking the rules of your lease?

What are the reasons I can use to evict a renter?

If the renters are damaging my rental what can I do?

If tenants are threatening me or other tenants in the building what can I do?

My renters are playing their music super loud so what can I do?

My renters are dealing drugs what can I do? This is a very troubling situation!

The Tenants are leaving garbage all over the place so what do expert landlords do when this happens?

If the tenants refuse to leave at the end of the lease what do you do?

Can my tenants have lots of guests over at all times?

My renters want my contact information. Should I give it to them?

I don’t want to give my personal information for safety reasons but do I have to provide it to tenants?

One group of tenants is complaining other tenants are noisy so what should I do? It becoming a nightmare!

I’m selling my property so do I have to tell my renters?

The new buyer of my rental wants to keep the tenants so how do I handle this?

I live with my tenant and she is nuts and argues with me about everything so what can I do?

How do you fix problems with tenants who live in your house with you?

Can I go to the Residential Tenancy Dispute Resolution Service for problems with renters living in my house?

How to you handle renters who want to sublet?

Can I refuse a tenant who wants to sublet my rental property?

How do you reply to a renter who wants to sublet?

My tenant says he wants to assign his apartment so what can I do?

What are legal grounds to refuse a sublet or assignment as I don’t feel comfortable with it?

My tenants did some repairs and now are charging me! Do I have to pay?

The new people I rented to brought in bedbugs so what can I do?

How do you give notice if you are going into the rental to do repairs?

How do you give notice to your tenants to enter the rental property?

Can a contractor enter the rental property without the landlord being present?

My tenant said she doesn’t have to pay rent while I’m doing repairs. Is this true?

How do landlords deal with tenants who are smoking or growing marijuana?

My tenants are fighting over their shared laundry do I have to get involved?

My renters go laid off and want to break the lease so what should I do? 

How do you deal with tenant vs. tenant issues?

Do I have to give my tenants who are moving a recommendation?

My renters got laid off and want to break the lease so what can I do?

My tenants want to change the lease agreement and say I have to, is this true?

The current rent check is NSF what should I do and they didn’t move out! What can I do?

My tenants are rude and aggressive to me. I’m scared and wonder how I should deal with them?

I think I have “Tenants From Hell” and need help!  Renter trashing the unit, cops won’t help, drunk. What should I do?

Alberta Landlord Knowledge Vault – Get Help From Experienced and Successful Alberta Landlords and Property Managers

The Alberta landlord vault is designed to help landlords succeed.  Make sure you run your rental business the right way by knowing your rights and responsibilities and being ready to handle any challenges that might arise in a fast and effective manner.

This is a great way for Edmonton Landlords to avoid big problems and run a successful rental business.

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