Hello fellow Canadians,
I am just finishing up my renos on my first investment. I am wondering how the other investors in Canada, specifically in BC are structuring their lease agreements and how are you screening tenants? I haven't found a discussion about this yet. Any advice/help is greatly appreciated as I am a bit nervous finding my first tenant and I also want to make sure my agreement is legal with the provincial regulations. Thanks, I am also going to share my whole deal once I have it rented.
Send me a private message if you’d like and can go over a lot of that stuff. I have rentals in Salmon Arm and up through Kelowna and am usually out there once a month. Could show you how I structure my lease agreements, screening process etc.
Use tvs for screening. They’ve got a form applicants sign so you can report their payment history to credit bureau as well, use that too: