PROPERTY MANAGEMENT SERVICES
Tenant Selection
in Toronto
When you are a landlord with a rental property in Toronto, finding the right tenant is key. With our comprehensive tenant selection process, Property Management Toronto finds reliable and trustworthy tenants who will treat your home like it’s their own.
We don’t find just any tenants to rent your property — we find the best ones. With our proven tenant selection process, we ask the tough questions so that you don’t have to. We do the time-consuming job of combing through candidates so that we can present you with only the best applicants.
Our tenants are respectful, reliable, and trustworthy. When you work with us, you’ll have peace of mind knowing that your investment property is in good hands.
Our Property Management Services
Property Management Toronto’s
Tenant Selection Process
The goal of our tenant selection is to find the best tenants in the shortest amount of time possible. This is why we maintain a thorough screening process.
Property Management Toronto’s screening process is made up of rigid procedures that don’t leave anything to chance and include the following:
1
Employment Letter
First, we obtain an employment letter from the candidate. This letter is going to confirm that the candidate actually works where they say they do in their application. We also obtain some type of income verification in the letter or along with it.
A person that has been solidly employed for a respectable amount of time with verifiable income makes a great tenant as long as all of the other factors line up as well.
2
Credit Bureau Report & Credit Check
Next, we review the candidate’s credit bureau report. This is one step that must never be skipped.
We check every candidate’s credit report as a person’s credit score lets you know the level of responsibility that the individual has when it comes to finances. The unfortunate reality is that some people just don’t understand that a financial commitment must be honoured in every regard.
By looking through credit bureau reports, we are able to see firsthand how the potential tenants treat their financial obligations. It’s easy to conclude based on these reports that an individual that tends to skip payments on their credit card or pays them late will do the same with rent payments.
3
Reference check
Tenant selection becomes more interesting when you ask for references and start checking them out. When prospective tenants provide the names of friends and family members for references, we also ask for the previous landlord’s contact information.
We talk to prior landlords to obtain all of the vital details and personal information you’ll need to know about the candidate as a former tenant. The data that we receive from the landlord is a direct reflection of what you can expect from a person or couple when they become your tenant.
This is going to be the most important reference of those provided, which is why we make sure to get in touch with prior landlords — even if it means playing a game of telephone tag.
The process of selecting tenants can be emotionally driven and arbitrary, which is why we are happy to take it off of the plates of our landlords. We offer tenant selection services in Toronto to ensure that your rental property is well-maintained, the rent is paid (and collected) every month on time, and that the other tenants in the building remain happy.
4
Tenant Application
We bring tenant applications to you, as all applications must be approved by the landlord. We do not require you to provide reasoning for denying an application.
Our Client Reviews
At Property Management Toronto, we pride ourselves in our unmatched commitment to customer service.
Jerome and Dana are both extremely efficient and great to work with. I felt from the start that they cared tremendously about getting me both the best tenant and the best price for my condo. Everything went very smoothly and efficiently in viewings as well as their dealings with tenant requests. I highly recommend them and will continue using them.
Ayman Youssef El Azizi
They are pretty great to work with! Dana walked me through their services before I signed on, and everything has lived up to the expectations she set. They make renting out your property so much easier! Highly recommended.
Jacob Courtade
Professional, friendly, and reliable service. PMT takes all the liability out of renting my condo to strangers. Thanks Dana and team!
Mark Eglington
Frequently Asked Questions
What makes a good tenant?
- Execute responsibility
- Pay rent on time
- Follows contractual terms and conditions
Can landlords choose tenants?
What are the criteria that are used for tenant selection?
- Employment
- References
- Credit history
- Tenant history