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Updated about 3 years ago on . Most recent reply

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16
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Evan Aagaard
  • Rental Property Investor
  • Toronto, ON
4
Votes |
16
Posts

Anyone tried using the Landlord Credit Bureau?

Evan Aagaard
  • Rental Property Investor
  • Toronto, ON
Posted

I'm considering signing up for a membership with the Landlord Credit Bureau to set up a new system for tenant screening and credit reporting their rent payments.  Anyone else a member?  They say on their site that they have a database of tenants.  I'm curious to know how good this database actually is.  

I like the premise of communicating to my tenants that their rent payments will be reported to the credit bureaus each month.  It seems like a small way of restoring some of the power balance of my province's shameful rental laws.     

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Replied

I've used Landlord Credit Bureau and the result was the renter who owed me money paid after receiving communication from them.  I looked into the legality and David Overland (above) is spreading disinformation.  If I was a betting man, I'd bet that he is a tenant who got caught by a landlord using the platform and didn't like getting caught.

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