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Advice To Landlords – How to Track Down Deadbeat Tenants Who Owe you Money

February 7th, 2013 · 8 Comments · tenant screening

 debt collector landlords find deadbeat tenants who owe you money

Landlords, How Can You Track Down Deadbeat Tenants Who Owe You Money?

We’ve see a mountain of evidence of how bad tenants can create problems for landlords.  In Barrie, Ontario a landlord was actually bitten.

Even amazing tenant screening isn’t always the answer.

As all experienced landlords know, no matter how much you screen your tenant there are always those who ‘turn’ on you and leave owing large debts.

Can you imagine the financial and legal challenges you would face if your tenants started a grow-op?

And we all know how difficult it can be to evict bad tenants.

Experienced debt collectors  says the more information you get on your rental application the easier it is to eventually track down deadbeat tenants who owe you money.

It’s recommended you get the following information on your new tenants:

1. Date of Birth

You don’t really care about their age, but it will be easier to find them later on.

2. Social Insurance Number

Some tenants will be reluctant to give you this. If they are good tenants they have nothing to be afraid of.

3. Previous places of residence

You need to find out where they lived before, as it can help identify them later on.

4. Employers

Knowing their current employers is a great way to find deadbeat tenants fast.

5. Personal references

If they can’t be found through normal means, being able to contact friends and relatives is a great route to find them and hold tenants accountable.

Of course, finding tenants who are are stable and care about their credit rating are the best tenants.  However, things can change during a tenancy.

Whether its a loss of job, a divorce, an addiction or numerous other factors, it’s important for landlords to protect ourselves and get the information we need in case the tenancy goes bad.

As Ronald Reagan said many years ago: “Trust…but verify.”

Discuss this and other topics at the Canada Landlords Forum.

For more information to protect yourself and succeed as a landlord join an awesome association in your province!

Ontario landlords join the Ontario Landlords Association.

Manitoba landlords join the Manitoba Landlords Association.

Saskatchewan landlords join the Saskatchewan Landlords Association.

Nova Scotia landlords join the Nova Scotia Landlords Association.

Alberta landlords join the Alberta Landlords Association.

British Columbia landlords join the British Columbia Landlords Association.

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