I`ve been looking for a tenant location/screening service in the GTA. I`ve got a vacated RTO townhouse in Brampton that I`m looking to fill ASAP (house is almost finished being prepared for its next tenant). I`d like to know who you guys are using (who you trust) to provide this service for you. A company that locates Rent-To-Own tenants specifically would be nice, but even just a company that locates and screen rental tenants would be a good start. Look forward to your suggestions.
QUOTE (vacogroup @ Jul 23 2010, 10:12 AM) I`ve been looking for a tenant location/screening service in the GTA. I`ve got a vacated RTO townhouse in Brampton that I`m looking to fill ASAP (house is almost finished being prepared for its next tenant). I`d like to know who you guys are using (who you trust) to provide this service for you. A company that locates Rent-To-Own tenants specifically would be nice, but even just a company that locates and screen rental tenants would be a good start. Look forward to your suggestions.
We too have been looking for "tenant placement services" for a couple of properties that we are trying to convert to LTO. I have found that the majority of LTO companies are charging anywhere from $5000-10000 for this type of service. My problem with this is 1) is this legal with the "realtor" regulations? (as you are earning a fee or commission to sell a house) and 2) why charge this much money to find a "tenant buyer"?
1) No idea. Good question for a realtor. Trading in real estate REBBA violation?
2) Because they can. Also because
a) It adds more value than that to most property owners and
b) there can be more work / difficulty in finding a RTO tenant than a rental tenant as a much smaller market / more screening time / more advertising time and cost / more time spent networking with other realtor`s, mortgage brokers, etc.. to derive leads.
Thanks to all for the suggestions.
I do know Mark and Oliver personally and have talked to them already. I am going to try the suggestion of Dan at ADP Property Management. Thanks Adam for that referral.
