Being a landlord does have its ups and downs. Getting a stable income is not without issues and problems. Some might want to take a shot at becoming a property owner but are hesitant because of being unfamiliar with what to expect. What is the standard for being a landlord? What does the job entail? Questions like these will arise sooner or later.
Fortunately for everyone, landlord associations exist in the country. It is a group of people comprising landlords, property owners, and property investors in a city or town. Their goals are to assist fellow landlords in creating a partnership with their tenants and making a profit with their investments. But why do they do it?
Education
As an association, the group educates its members about their specific expertise. In this case, they utilize newsletters, webinars, and training for anyone who aims to become a landlord.
For example, LandlordBC set up a Landlord Registry to identify the standard to property ownership, testing the knowledge and credibility. They offer a two-hour online course with an examination at the end. Once the applicant passes, he will accept the “I Rent it Right” certificate. This kind of certification might become a requirement in the future. It also becomes an edge that will help convince tenants to rent.
Advocacy
As we all know, the rental business must abide by the laws in their area. These laws exist because the association collaborates with the government to address the issues. For example, the Ontario Landlord Association appealed to their local government to protect small landlords during this pandemic. The small-time property owners have complained about tenants who refuse to pay their bills. They become the spokesperson for many property owners and landlords.
Do joining associations have perks?
Before the landlord decides on being a member of the Landlord Association, he must know what he is getting. Let me tell you about the perks they will get once they join.
• Deductions
Landlords will do everything to save money, may it be a small or huge amount. Who would not want that, am I right? Being a member of the association will include getting discounts on services, insurance, and items. For example, a property owner wants to renovate his rental but has a limited budget. Partner companies will offer price deductions for members. Just think about the money saved from that.
Does the landlord want to avoid the hassle of doing background checks? Members of the Alberta Landlords Association can avail of the services of Triton, a background screening company in Canada. With the price of $9.95 per check with no annual fee, they can skip the task of researching.
• Forms
To make things easier for landlords, the association offers custom-made forms that they can apply. They are in line with the legislation to ensure they are appropriate.
For example, the website for the Calgary Landlord Association provides its members with leasing forms and notices for affordable prices. Some examples are:
• Notice to Enter Premises
• Notice to Tenant to Terminate Periodic Tenancy
• Security Deposit Statement of Account
• Notice to Vacate to Person(s) Who are not Tenants
Support
The salient role of the Landlord Association is providing support to landlords. Members can raise their concerns and queries with the assurance that they will get answers. LandlordBC offers an all-day helpline for landlords who have questions about the law or the Residential Tenancy Act. Joining these groups will assist property owners in navigating the ins and outs of renting out properties.
Connecting with a well-known group can become an advantage because they have a good reputation. It will also help broaden their network with other property owners. So if you know some landlords who have not yet become a member, you can convince them now.
Once the landlord builds a network, they can refer your services to other property owners. You would have a lot of opportunities to gain customers. If this happens, you would need a reliable site to market the several vacancies. And I know one such platform: Padleads. When you sign up at Padleads, not only do you get to post property listings, but you can syndicate them too. It’s dependable and credible, just like Landlord Associations.