In this episode, CREW TV explores the questions landlords should and should not ask prospective tenants in order to keep on the right side of the law. That's not as easy as you may think, according to experts.
CREW's Jemima Codrington interviews Ron Tenbrinke of Sky High Property Management and real estate lawyer and author Mark Weisleder.
Video transcript below:
Jemima Codrington: You’ve come into property investing, you’ve seen a [purchase due to close in] and now it’s time to conquer – tenant screening. Hi, I’m Jemima Codrington and welcome to Investor Insight on Crew TV.
If you are not careful, the vetting process will conquer you. Apartment hunters often find their way around the interview process. Investors/Landlords need to learn and knowing whom to ask is a good place to start.
Ron Tenbrinke – Sky High Property Management
Ron Tenbrinke: For new investors I would suggest even though you have heard these things before, number one would be do a credit check, the cost is minimal to the cost that would happen if you get a bad tenant. The other thing I would suggest is never ever contact their existing landlord, contact previous landlords because the existing landlord likely wants to get rid of them.
Jemima Codrington: But remember the law dictates what you can and cannot ask a prospective tenant. Stay on the right side of it and still get the info that you need.
Mark Weisleder – Real Estate Lawyer
Mark Weisleder: The language you use asking questions is incredibly important. My favourite question to ask a tenant is, tell me about yourself. It’s very open ended and a tenant will tell you perhaps a lot than you need to know, in order to make your decision and while you can’t ask a tenant a question like, do you plan on having any more children, you are allowed to ask, how many people will be living in the unit and what are their names.