No smart landlord that I know takes any unnecessary chances in a pro tenant nanny state like Ontario.

You don’t want any unnecessary stuff going into it.

I felt about 80% of the claims I worked on were created in the insured transaction and the problem was either known by or should have been known by the agent, resulting in an unnecessary concern by the Insured whether they have clear ownership of the property and delay in their sale or refinance of the property.

People can sue for anything now a days (and typically will) but at least forming an LLC can buffer unnecessary personal losses.  

Limiting unnecessary risk with bad tenants in the early stages of my investing is important to me.Property Management that I found in this area listed “one month’s rent and 12%” as there price.

For those of us who don't need one though, do not use them -- it is money wasted on an unnecessary middleman.

This tells me that you wasted unnecessary time on this applicant.As a former property manager, I learned that having strict criteria was great for not only avoiding any fair housing issues, but it also allowed me to easily and quickly reject bad applicants.It's perfectly legal to have as one of your criteria that all tenants have tax returns showing they can afford the unit. 

@Kimberly Kesterke charge for unnecessary trips.

It’s unnecessary because there waiting for next owner or individual to come in.  

On top of that you can't even guarantee your new tenant will stay long enough at that $50/mo increase to payoff your unnecessary $4,000 turnover cost.