Eliminate time wasting potential tenants!

Did you know that leaseourhouse.com helps eliminate time wasters and professional tenants?

Time-wasters

Yes you read that correctly! We know how valuable your time is and there is nothing worse than those people that click the one button replies and respond to 50 plus rental ads and then can’t even remember what properties they responded to.

You post your property on a buy and sell site and you get lot’s of replies, so you get excited that your property will rent quickly. You start to go through all the replies and realize that almost all of them say a variation of the exact same thing, “is this still available”. That infamous one button auto reply. You respond to all the replies and you get a few messages back from potential tenants asking, what property this was for? I almost always cringe when I see these replies. Then you get a few replies that sound good and you set viewing appointments, and the potential tenants either don’t show up or they do, and they tell you that your property is not what they were looking for. We have all gone through a variation of this! Yes you can screen every single person and interview them to see if the property actually meets your criteria before scheduling a viewing, but then you waste more of your time and end up with next to no showings? Hard trade off right? These are just a few of the problems, my peers and I have faced over the years as landlords.

Here are few of the things that we have built into leaseourhouse.com, to help eliminate these problems using psychology and human behavioral patterns.

  • Tenants that are interested in a property, have to go to a detailed property listing on our website.
  • We ensure that property listings on leaseourhosue.com are complete and paint the entire picture for a potential tenant, leaving very minimal questions unanswered after seeing a properties listing.
  • Tenants can’t click one button replies on our website, they have to create accounts with their personal information before they can even submit a viewing request and/or respond.
  • In order to see a property, a potential tenant has to submit a viewing request via their account on the leaseourhouse.com system, that then gets tracked.

So what does this mean and how does this eliminate time wasters?

  1. We always find that people put their best foot forward and if someone can’t follow the simple instructions up front, it raises a red flag in terms of being a good tenant.
  2. It shows us that a potential tenant is willing to do work to create an account with their personal info and to submit a viewing request for a set time and a set date, if they want to see your property. Time wasters are not willing to do all the work for a simple viewing request, they want the one button replies and an address.
  3. Genuinely interested potential tenants are willing to do these steps.
    It is a lot less likely that you will ever get a viewing request and have someone come to see your property if it does not meet their criteria, as they have had to go to the full property listing with all of your properties details in order to submit the property viewing.
  4. Tenants are informed upfront in the property listing that they will be required to perform a credit check through our system. This eliminates the option for a tenant to supply you with a great looking fake photo shop credit check.

A lot of professional tenants and time wasters will not use our systems because of the above items. When you get a viewing request through leaseourhouse.com, that potential tenant is already 100x further ahead than any other lead you will get. When a viewing request is scheduled, the system still provides you with the potential tenants phone number in case you want to text or call then before you drive a distance to show the property and/or ask a few more questions. The great thing is that the appointments get tracked in the system and you can even set appointment reminders.

At the end of the day, no one can ever eliminate 100% of the time wasters and professional tenants, but we can definitely put our best foot forward and take the necessary steps to eliminate as many of the time wasters and professional tenants as possible.

Let leaseourhouse.com help you put your best foot forward! Your time is valuable, so let’s start treating it that way.

www.leaseourhouse.com – the evolution of home rentals!

Marcin Zalewski – President/Founder

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The LeaseOurHouse.com mobile applications are now available for download!

New mobile
We have some very exciting news! The LeaseOurHouse.com mobile applications are now available for download in your favorite mobile app stores.

Whether your searching for a rental property, looking to list a rental property, submitting a rental offer, paying for first and last moths rent, or even signing a lease, everything can be done right from your mobile device. All the same great features as the website, just optimized for your mobile device with live notifications. We make renting a home as easy as booking a hotel room online. Download our mobile application today!

Download from the Google Play Store

Download from the Apple iTunes Store

Leaseourhouse.com

LEASEOURHOUSE.COM HAS LAUNCHED … Ontario’s #1 online resource for rental properties.

Right Facing Red For Rent Real Estate Sign in Front of Beautiful House.

We have recently launched our new rental platform, that provides a FREE option for you to list your rental property to get more exposure, and also provides you with everything that you may need for the duration of the lease.
We provide a virtual platform to manage all your viewing appointments and rental offers without having to take or return any calls, a free simplified credit score check with references up front, a customizable lease template to protect you, we collect first and last months rent for you, a move in/move out form with instructions to protect you and your asset, a FAQ section summarizing what you and your tenant can and can’t do based on the Tenancy Act, over 40 landlord forms (Eviction and rent increase forms) and much more.

We also help eliminate time wasters like the ones that come from various basic property listing and buy and sell websites that reply to 30 plus rental listings and can’t even remember which ones they replied to. We have built our system in a very strategic manor. If someone wants to book a viewing to see your property, first they have to go to the detailed listing that answers about 95% of questions and provides most the details about the property, to the point that it is much less likely that someone will ever show up to see your property where the property does not meet their criteria. We also ask the potential tenants to create accounts and submit viewing requests that then get tracked and saved within their account with your property details. This forces the potential tenants to perform work, and time wasters do not go out of their way to perform work. This also shows that someone can follow instructions from the get go. So by the time a viewing request gets sent to you for a response, the potential tenant will be much further along than one responding from a basic property listing website or a buy and sell website.
We simplify and provide everything through the entire process from listing a property until your tenant moves out.
In order to spread the word, as part of our product launch we are cutting our fees in half so that you can try our services, and let us know what you think. There is absolutely no commitment or risk to trying us. Only if, we deliver a tenant that you approve based on references and a credit check, and your tenant signs a lease, and we collect First and Last months rent from your tenant, and your tenant moves in, then we charge a small one time admin fee equal to 25% of one months rent as part of our launch promotion.
List your properties for FREE, and give us a try today!
Click here to get started …

2018 Rent Increase Guideline

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The 2018 rent increase guideline has been set to 1.8%, and it applies to most private residential rental accommodation covered by the Residential Tenancies Act. The guideline is the most that a landlord can increase the rent, without applying to the LTB.

The guideline is not applicable to; Vacant residential units, Social housing units, Nursing homes or Commercial properties.

Changes effective as of April 20, 2017;
Removal of 1991 Exemption

• Rent control will be expanded to all private rental units in Ontario, including those built after 1991.

• Rent increases can only rise at the annual provincial rent increase guideline, capped at a maximum of 2.5%.

• Landlords can still apply vacancy decontrol and re-set rent to the market rate at unit turnover.

• Landlords can still seek above guideline increases (AGIs) where permitted under the current RTA rules.

Marcin Zalewski
President/CEO
Lease Our House Inc.
info@leaseourhouse.com

THE IMPORTANCE OF A GOOD LEASE

cosign-lease-600pThe single most important document that a landlord should pay the most attention to, is a very strong, good quality lease. Let’s face it, the residential tenancy act is extremely one sided and we all know it favors tenants.

As a landlord you need to ensure that one of your most valuable assets is protected as best as it can be.

A good lease is your best foot forward. If for any reason you end up at a rental tribunal, the first thing that is typically referenced is your lease. More often than none, most landlords pay the least amount of attention to this incredibly important document.

Most landlords download a very generic lease off the internet, that is very often from a different geographic region and does not reference the proper tenancy rules and half the items listed in the lease are not applicable, or even illegal.

Yes, you may be saying to yourself that you have never had a problem with a tenant, but what happens when you do? Is your lease strong? Does it protect you? Are the terms listed in your lease legal? Is your lease legally binding? Does your lease reference the correct tenancy rules and regulations for your geographic region? Do you mention all items provided with the property for the tenants use and who will be responsible for maintaining them? These are all questions that you should be asking yourself to ensure that you are protected as best as you can be.

A great source for reviewing your lease is a paralegal. There are lot’s of really good paralegals that specialize in rentals that represent landlords only. They are much less expensive than a lawyer and sometimes even better for reviewing leases, as they deal with residential tenancy issues daily.

Leaseourhouse.com is a company that provides landlords with a very strong lease as part of their rental service, to protect a landlords best interests. They even provide a bunch of specialized lease conditions that can be added to the lease by answering a few simple yes or no questions about the rental property. They help protect you and your expensive asset.

To subscribe to our tips and hints newsletter please click here.

Marcin Zalewski

President/CEO

Leaseourhouse.com

Tenants Beware of Rental Scams ….

 

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Majority of people in our society work extremely hard to earn their money and make an honest living. Nothing drives me more insane than seeing honest hard working people, getting scammed for their hard earned dollars.

I want to bring awareness to a rental scam that is happening around you.

Scammers are currently posting fake rental ads all over the internet, on various listing sites.  When you reply to these property listings, you receive an email back telling you all about the property, with beautiful pictures, and a rental application.  Sounds pretty normal so far, right? 

They then try to get you to pay for one months rent in advance of seeing the property as a deposit or a commitment of interest.  They do this by claiming that they have received an abundance of interest and replies, “BUT” if you pay for one months rent before viewing the property, it will secure you a first look at the property over everyone else and guarantee you the property, should you choose to go forward.  They sometimes claim that they are located a few hours away and want to make sure you are not wasting their time driving out to show you the property, by showing that you are serious with a refundable payment.  Other times they say that they have to leave the country for an emergency and to pay them to hold the property or to guarantee it.  They also go out of their way to let you know that your money will be fully refunded, should you not like the property or choose not to rent it, after you see it.  They will even go as far as scheduling a property viewing with you, sending you a lease to sign and sending you a fake proof of ownership.  The majority of time, they ask you to pay for the deposit via an email money transfer.  Bottom line is that there will never be a viewing appointment and your money will be gone.

Never send anyone, a months worth of rent or any money for that matter without seeing the property or having someone see the property on your behalf.  No reputable company, realtor, property manager or home owner, will ask you to pay anything before seeing the property.

These scammers target listing sites where they can place an ad that you can simply respond to.  You really need to be extra cautions with buy and sell sites, as these sites do not concentrate on rental listings, they concentrate on generating traffic to their sites to then sell advertising on.  They do not go through the listings, and your communications are direct with the people placing the ads.  There have been many articles on buy and sell sites and the dangers around using them.  This is even more so a problem if you are trying to find a rental property abroad because you are relocating cities or moving.

Here are some specific things to look for and to pay close attention to:

1.      Someone asking for you to send them money ahead of time, and more specifically before seeing the property.

2.      Scammers like to stick to metropolitan cities where there is a high demand for rentals.

3.      Properties typically tend to be underpriced for what they are, typically in the $1,200 per month range to attract more attention.

4.      Addresses will always be real addresses that can be located with google maps, sometimes showing an exterior picture, but always showing perfectly staged, beautiful bright interior pictures that do not match the outside of the property.  Example, lots of bright windows and the exterior only has one window.

There are lot’s of private listings for home rentals posted directly by home owners that are completely legit, just ensure that you pay attention to the items noted above.  Realtors, Property Managers and companies like Leaseourhouse.com are always a safe source.

Leaseourhouse.com is a company focused on helping Landlords and Tenants with the entire rental process, walking them through each step of the way.  They hold onto your First and Last months rental deposit until you receive the keys to your property to move in and you authorize them to release your rental deposit to the home owner to ensure your protection and safety.  Leaseourhouse.com is a “FREE” service to tenants, and the “ONLY” rental company to offer tenants incentives for using its services, such as $100 of FREE money towards your rental deposit, payment options for your First and Last months rent via a credit card to earn your favorite rewards points, a lease that is fair and does not have any illegal and unfair conditions, move in/out inspection form with instructions to protect you, exclusive client coupons for services and products that you will need for when you move such as savings on moving supplies, and much more. 

I hope this article can help with awareness in the rental industry, and help you protect yourself against rental scams.  Please share this link and spread the word to help as many people as we can.

Marcin Zalewski

President/CEO

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Leaseourhouse.com – Virtually revolutionizing the rental industry!

 

Bad Tenants and what can be done to avoid them?

 

badtenants

One of the largest challenges that landlords are faced with today, is the possibility of bad tenants.  This is enough of a fear that it actually deters a lot of people from even considering the option of buying an investment property.  We all hear too many stories and read too many articles about these so called bad tenants.

So what can you do to protect yourself from a bad tenant and how can you avoid them?

Let’s take a step back and start off by exploring the key characteristics that define a bad tenant;

  • Someone who doesn’t pay their rent on time
  • Someone who doesn’t pay their rent at all
  • Someone who causes damage to your investment property
  • Someone who disrupts others tenants enjoyment of the property

So what can be done to avoid a bad tenant?  There is no simple answer or simple solution and the risk of a bad tenant can never be completely eliminated, but there are a number of things you can do to greatly reduce the risk of getting a bad tenant, and reducing the risk is the key concept there.

The idea is to do everything you can to reduce the risk, especially before you approve a tenant but you also need to be ready and prepared as a landlord to deal with any of the above mentioned items when they do occur.

References and Reference Checks – I would bet that the majority of you probably feel that references are a complete waste of time because who in their right mind would provide a bad reference right?  WRONG!  Reference checks are actually extremely important and extremely valuable if they are completed correctly.  So what exactly does “correctly” mean?  If you do your reference checks correctly you can gain some real insight into your potential tenant, before you accept them.  Reference checks typically fall into the following categories, Employment Reference, Professional Reference, Personal Reference, and a Former Landlord Reference.  Let’s go over each one of these and how they can benefit you.

Employment Reference – This allows you to confirm where the tenant is employed, what they do and how much they make.  All extremely important factors when you consider the amount of money the tenant will be responsible for paying you over the course of a 12 month lease and the value of the property that they will be renting from you.  How do you know that the tenant didn’t provide you with their friends number to call?  Google the company and call the number that you find on the internet and ask for the person that the tenant provided and mention that they were provided to verify the tenants employment.  This ensures that you got to the right person and that the tenant actually works there.  At this point you will have confirmed whether the potential tenant provided you with the correct information and you will have confirmed the employment data.  If someone is lying to right from the get go, definitely a red flag.

Professional Reference – This is typically someone that can vouch for the qualifications of the tenant, a former employer, a colleague, a client, a vendor, a supervisor, etc.  This is someone whom you can ask about habits, responsibilities, work ethic and items of this nature.  I like to specifically ask for a direct supervisor or managers that the potential tenant reports to.  This way you can again Google the company, call in and ask for the tenants direct supervisor or manager, or say that you are calling to verify the references position with a supervisor and then ask to be transferred to them.  This allows you to ensure that this Is not just a buddy of the tenant who will say what you want to hear.  If the company is not too large you can even call in and say that you are looking to do a reference check on the tenant who only provided the company info and you are looking for the person that they report to and get transferred to the supervisor or manager that the tenant reports to without providing a name.  A good way to ensure that you get the right person on the phone.

Personal Reference – This is typically a friend, a co-worker or a family member.  This type of reference is a good opportunity to find out what kind of people the tenant is friends with.  It is also a great opportunity to ask the personal reference where the tenant works to see how well they actually know the tenant and to confirm that they do work where they said they work.  This also typically screens out people who are not serious about renting your property as it takes effort and time to pre frame and ask friends to be references, typically a sign of someone who is serious about renting and not just wasting your time.

Former Landlord Reference – This allows you to gain insight into what kind of tenant you are dealing with.  Ask lots of questions on the tenants habits and what kind of tenant they were and if they paid rent on time and so on.  Keep in mind that it is much more valuable to talk to an actual former landlord whom is no longer renting to the tenant as a current landlord may tell you whatever it takes to get rid of the tenant and pawn them off on you if they are a bad tenant.  If you want to confirm that it is an actual landlord and not just a buddy call the landlord and tell them you are calling about their property for rent and you were wondering if it was still available.  If the person on the other end says that they have no clue what you are talking about then you know the tenant provided a buddy and told them to tell you that they were a great tenant.  Calling to ask about a property they have for rent throws them off.  Another great way to see if the potential tenant is trying to lie to you from the get go.

All of the above reference checks take no longer than 5 minutes each and can really reduce your risk of being exposed to a bad tenant.  Good tenants provide you with the actual references that you requested and the references come through good.  A great worthwhile investment of your time that ensures you get the information that you are looking for about your potential tenant.

Credit Checks – Credit checks are a great tool to attempt to assess the risk of how likely a rental applicant is to miss their rental payments.  A good score does not mean they a tenant will never miss a payment and a bad score does not mean that a tenant will never pay their rent on time.  A credit check is merely a measure of risk.  Obviously the higher the score the better and less risk that the tenant will miss payments.  Now credit scores can be quite confusing and hard to read.  Our rule of thumb is that a score of 600 plus is rent worthy and a score less then 600 may be a risk.  Having said that I would not completely dismiss a tenant just because they had a credit score under 600, but our rule of thumb is to go with tenants that score 600 or more.  Remember that a credit score is determined by the number of things, one being someone’s payment history.  If their credit score is below 600 it is for a reason, so keep that in mind.

Social Media – Yes I said Social Media.  In todays society people like to make their lives very public.  Social media and public profiles can be a great tool for you as a landlord.  You can gain a glimpse of someone’s lifestyle and evaluate their integrity via their posts.  Some individuals have complained that using social media for screening is a violation of their right to privacy, but if the information is on a public page, these claims typically carry little weight.  Go through some posts and pictures and form an idea as to whether this person will make a good tenant.  Example; If the potential tenant has lots of pictures trashing their current rental, common sense says this may not be the tenant that you looking for. 

Meeting the Tenant – One of the oldest forms of forming an opinion is quite simply a face to face meeting and having a conversation.  A good way to do this is to show your own property instead of having a property manger or realtor show it for you.  Schedule a time with the potential tenant and see if they show up on time.  See how they present themselves, and ask them lots of questions.  Think of this as an interview that you are conducting.

Please keep in mind that discrimination can be a problem when screening tenants and you as a landlord need to be really careful not to discriminate.  Discrimination occurs when a landlord refuses to rent to someone because of the impression they form about the person’s class, race, color, religion, national origin, marital or familial status, gender, advanced age or disability.

Don’t be lazy, your property is worth a lot of money.  Invest 30 minutes of your time and ensure that you do everything that you can to reduce your risk of a bad tenant.

We have recently launched a new company called Leaseourhouse.com and one of our key focus points is in helping landlords attain better tenants through all of the above mentioned items.  We actually provide landlords with a step by step guide through the entire rental process along with a “Reference Check and Tenant Screening Guide”, which even provides a list of specific questions to asks along with tips to ensure you get the most out of your tenants references.  We provide a detailed lease template that is customized to your property based on some simple yes or no questions, a simple to read credit check through TransUnion, an essential move in/out inspection form with instructions to protect you as a landlord, a summary of what landlords and tenants are allowed to and not allowed to do based on your geographic region and access to an array of landlord forms like eviction forms of various nature, rent increase forms and lot’s more.  Leaseourhouse.com is a one of a kind online portal that helps landlords through the entire rental process, helping landlords each step of the way and providing them with everything that they may need right until the tenant moves out.  Were not just another rental listing sire or a rental application site.  We  don’t just help you find a tenant, which is the only thing that everyone else seems to help you with.  We help you with everything.  We even educate tenants on the rental legislature so that they know what they are allowed to and not allowed to do, in an effort to provide better tenants that pose less risk to you as a landlord.  We help you reduce your risk exposure to bad tenants.

Our services are completely risk free in that you can list your property and if you find your own tenant we just ask that you take your listing down.  If we are successful in helping you find a great tenant that you approve based on references and a credit check, if the tenant signs your lease, if we collect your first and last months rental deposit from your tenant, and if the tenant moves in, then we take a small fee of half of one months rent, and we still provide you with everything that you may need right until your tenant moves out.  The listing and credit check is absolutely free, so there are no upfront costs to you.  We are cheaper than everyone else and we provide you with way more value and services.  Other companies only help you find a tenant and they charge you one full months rent.  We are revolutionising the way rentals are done.

At this moment our services are only available in Ontario Canada, but that will change soon as we expand to the remainder of North America.

We also partner with realtors and property management companies.

If you have any questions or would like to explore partnering with us, please feel free to reach out.

Leaseourhouse.com

Marcin Zalewski

President/CEO

Lease Our House Inc.

info@leaseourhouse.com