LITMIR.BIZ

      International Self-Counsel Press All rights reserved.

      Contents

       Cover

       Title Page

       INTRODUCTION

       PART 1: BEFORE PLACING THE “FOR RENT” AD

       Chapter 1: PREPARING FOR A NEW TENANCY

      Is Your Rental Ready for Viewing?

      What are Some Common Basics Tenants Expect out of a Rental?

      Renovations That Pay for Themselves

       Chapter 2: SECONDARY SUITES: PREVENTING PROBLEMS BEFORE THEY START

      Excessive Sound Transfer

      Sharing Laundry

      Ambiguous Boundaries Between Exclusive-Use and Common Areas

      Property Maintenance and Secondary Suites

      Payment of Utilities

      Overwhelmed? You Don’t Need to Be!

       Chapter 3: HOW TO DETERMINE RENTAL VALUE

      TABLE 1: NEIGHBOURHOOD COMPARISON

      How Do Pet or Smoking Restrictions Affect Rental Value?

      I’ve Determined Market Value for My Rental Property, but What Do I Do in a Weak Rental Market?

      Furnished Rentals

       Chapter 4: LANDLORDING ESSENTIAL: MEMBERSHIP IN A LANDLORD ASSOCIATION

       Chapter 5: INSURANCE

      Types of Insurance

      Liability Insurance

       Chapter 6: KNOW THE LAW — AT LEAST KNOW THE BASICS

      Human Rights Legislation

      Privacy Law

      Never Accept Tenancy Law Advice from Your Tenant

       Chapter 7: START YOUR TENANCY ON THE RIGHT FOOT WITH THE RIGHT FORMS

      The Application Form

      SAMPLE 1: RESIDENTIAL TENANCY APPLICATION

      Receipt Book

      Other Forms Required by Your Strata/Condominium Corporation

      Other Legal Forms Required by Your Province

      Move-In/Move-Out Inspection Form

      Proof of Authority to Rent the Property

      The Rental Agreement

      Rental Agreements and Secondary Suites

      Month-to-Month Agreements versus Fixed-Term Leases

      Other Important Clauses

       PART 2: HOW TO FIND A GREAT TENANT

       Chapter 8: PLACING THE “FOR RENT” AD

      The Newspaper Classified Ad

      What Should Be in the Ad?

      Placing Your “For Rent” Ad Online

       Chapter 9: AN INTRODUCTION TO TELEPHONE SCREENING

      How to Prevent No-Show Appointments

       Chapter 10: SHOWING THE HOME AND CLOSING THE DEAL

      Stay Safe!

      Getting the Application Signed

      What if the Applicant Refuses to Give His or Her Social Insurance Number?

      Stop Good Tenants from Looking Elsewhere after Filling Out Your Application

       Chapter 11: MINIMIZING YOUR RISK: EFFECTIVE TENANT APPLICATION ANALYSIS

      The Initial Review of the Application Form

      The Credit Report and Why It Means So Much

      Secondary Screening Measures

      Tenant Applications That Are Difficult to Assess

      Let’s Put Theory into Practice!

      Case Study #1: Renting Out a Basement Suite

      Case Study #2: Renting Out a New Townhouse

       Chapter 12: WHAT DO YOU DO IF YOU CAN’T FIND A TENANT THAT MEETS YOUR REQUIREMENTS?

      How Does Your Rental Show?

      Is It Overpriced?

      Incentives, Marketing, and Other Potential Issues

      Never Lower Your Standards

       Chapter 13: HOW TO REJECT A TENANT APPLICATION

      Learn from the Master of Rejection: The Bank

      Rejected Applications and Application Deposits

      My Final Word on Discrimination

       Chapter 14: HOW TO ACCEPT A TENANT: WHAT TO DO FROM THE FIRST MEETING TO MOVE-IN DAY

      What to Do When You Call the Accepted Applicant

      What to Do at the Meeting with Your Newly Accepted Tenant

      Move-In Day

      Success!

       PART 3: AFTER THE TENANT MOVES IN

       Chapter 15: PROPERTY MAINTENANCE MADE EASY

      Property Maintenance for Small Rental Properties

      Preventive Maintenance

      What If the Tenant Wants to Renovate the Home, or Offers to Perform Repairs (with the Landlord Paying the Cost of Labour and Materials)?

      What about Emergency Repairs?

      What If the

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