Be sure to screen really really good - even if it cost you and extra month or two -I tell you right now the best bang for your buck is going to be getting really good screened tenants that are capable of making the payments .

Again, similar to a credit card that you pull out when you see that shiny new 65" TV that you had no intention of buying and also don't have the money sitting in the account.

I recently acquired 2 multi tenant properties in South Eastern Ontario, and I am looking for some good resources for things like credit checks, tenant screening, help with rental agreements, etc..As this is my first investment, I am looking at building my entire process from the bottom up.  

Rental Agent shall use its best efforts to ensure the operation of all amenities in the Property, such as internet access, satellite or cable TV access or fireplaces as applicable.Rental Agent shall not be held responsible for such items failure to work, but will make every effort to correct any issues as reported as quickly as possible.Guest acknowledges that use of amenities such as fireplaces, lake, dock, decks, and the like may be potentially dangerous and involve potential risks if improperly used, particularly with regard to children and such use is at the Guest’s own risk.Guest shall use the Property for residential purposes only and in a careful manner to prevent any damage or loss to the Property and keep the Property in clean and sanitary condition at all times.Guest and any additional permitted guests shall refrain from loud noise (especially after 10PM) and shall not disturb, annoy, endanger, or inconvenience neighbors, nor shall Guest use the Property for any immoral, offensive or unlawful purposes, nor violate any law, association rules or ordinance, nor commit waste or nuisance on or about the Property.DEFAULTIf Guest should fail to comply with the conditions and obligations of this Agreement, Guest shall surrender the Property, remove all Guest’s property and belongings and leave the Property in good order and free of damage.No refund of any portion of the Total Rental Fee shall be made and if any legal action is necessary, the prevailing party shall be entitled to reimbursement from the other party for all costs incurred.ASSIGNMENT OR SUBLEASEGuest shall not assign or sublease the Property or permit the use of any portion of the Property by other persons who are not family members or guests of the Guest and included within the number of and as permitted occupants under this Agreement.

Get a screen shot of the extra dogs and file it. 

Dec 2016 cleanout tenants lived there through the following May (2017), and were followed by subletters (May, June, July) before the current renters arrived in mid-August.Then at the end of Dec 2017, it needed another cleanout.The kids used the drain screens. 

Obviously I applaud the other party for taking action and being successful but this really makes me question my business model of buy and hold if it seems you can make money faster wholesaling without any of the other hassles I'm currently learning through (renovations, tenant screening, refinancing etc)I hear a lot of times on BP about staying focused and not following everything that glitters but it sucks thinking that I gave away 25K in easy cash.

So get off the fence and put your (bleeping) calculator away and change the trajectory of your life over the next few years.Or......continue with your current plan, and like Arthur on the TV show "King of Queens," just make sure your kids buy a home with a basement that you can have a place to live at 70 yrs old! 

I like the way that Cozy handles the tenant application and screening process but I’m stumped about how to handle employment verification paperwork.

I always loved real estate and looking at homes but I was sick of just looking at homes on zillow and watching tv shows about real estate.