Landlord Credit Bureau's guest appearances

Landlord Credit Bureau

Real Estate Espresso 

Property Profits Real Estate Podcast

Landlord Association Podcast

Whitney Sewell

Mark Victor Hansen

Glen Sutherland

Marco Santarelli

Sharad Mehta

Billy Keels

Stefan Aarnio

Ali Boone

Michael Blank

Scott Choppin

Reed Goossens

Jeff Anzalone

Scott Carson

Patrick Francey

Andy Tran

OwlTail

Have you ever been through the ringer with a ‘tenant-from-hell’?  Are you frustrated with how biased the system is towards tenants instead of landlords?  Do you ever wish there was a way to give lousy tenants some well-deserved payback?  How about a way to reward good tenants for paying their rent on time and taking care of your property? If so, you’re going to LOVE this episode! Retired corporate lawyer turned entrepreneur and Top Forty Under 40 winner, Zac Killam is now CEO of Landlord Credit Bureau (LCB), Canada’s only company that turns rent payments into a credit building exercise. Zac is also a landlord and Co-Founder of a national real estate investment fund and a property management company. LCB empowers landlords to improve their revenue, reward tenants, and reduce risk. In this episode, Zac shares about what Landlord Credit Bureau can help landlords with, especially when it comes to finding ways to encourage good tenants while preventing and stopping irresponsible and delinquent ones.  Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/ What you’ll learn in just 17 minutes from today’s episode: Learn more about a bureau that protects the landlord’s right and provides recourse for problematic tenants  Find out ways to help you as a landlord reward responsible tenants as well as stop delinquent tenants  Discover about ways you can avoid renting out to irresponsible tenants   Resources/Links: landlordcreditbureau.ca   Topics Covered:  01:07 – What does the Landlord Bureau exist for, and what is its mission  04:08 – What landlord needs do the bureau fulfill  05:11 – How does the (PPEDA) Personal Information Protection Electronic Documents Act protect landlords  07:24 – What real significant impact does Landlord Bureau make  11:24 – How to get started with Landlord Bureau in registering your tenants   12:38 – Is there a need for tenant’s permission to put their records in the system  13:58 – What purpose do these consent causes and notification clauses serve  14:46 – What happens when tenants don’t opt-in?   15:45 – How can landlord join the Landlord Credit Bureau, and how much costs are involved   17:00 – Reward for responsible behavior  Key Takeaways:  “The landlord credit bureau, it’s doing just like other credit bureaus, such as Equifax, or TransUnion, we’re bringing accountability and transparency and balance to our industry being the real estate industry.” – Zac Killam  “What Credit Bureau is doing is we are essentially a central repository of tenant records. So, landlords can register their tenants with us and then report their monthly payment habits. This then forms part of the tenant resume or the tenant record, which is then accessible to future landlords, when they’re looking at an application to potentially rent out their unit to an individual.”  – Zac Killam  “The Bureaus are governed by the legislation called PPEDA, the Personal Information Protection electronic documents act. They allow landlords, credit grantors to report to bureaus if they’re doing so for the purpose of collecting a debt. For tenants suing for whatever, anybody could sue for anything, but they’re not going to win.” – Zac Killam  “One important note to touch on is the real major impact of what Lana courier is doing is it’s managing tenant behavior after they move in. So, what I mean by that is, we’re enabling landlords to register a tradeline on each of their tenant’s credit reports. So, what this does is, it impacts their credit scores monthly based on if they choose to pay their rent or not.” – Zac Killam  “I looked at Landlord Credit Bureau, I found and thought this is brilliant. It’s allowing me to reward my good tenants, the tenants who are just being responsible, and just adhering to the terms of their contract. And it’s enabling me to stop the delinquent tenants who are choosing to be so. It allows me to do that by registering this tradeline on their credit report with Equifax in Canada. Tradelines have an impact upon your credit rating or your credit score.”  – Zac Killam  Connect with Zac Killam:  landlordcreditbureau.ca/  LinkedIn   Connect with Dave Dubeau:  Property Profits Podcast  www.davedubeau.com  www.investorattractiondemo.com  Facebook  LinkedIn   Enjoyed the Podcast?  Please subscribe on iTunes for updates 

Have you ever been through the ringer with a ‘tenant-from-hell’?  Are you frustrated with how biased the system is towards tenants instead of landlords?  Do you ever wish there was a way to give lousy tenants some well-deserved payback?  How about a way to reward good tenants for paying their rent on time and taking care of your property? If so, you’re going to LOVE this episode! Retired corporate lawyer turned entrepreneur and Top Forty Under 40 winner, Zac Killam is now CEO of Landlord Credit Bureau (LCB), Canada’s only company that turns rent payments into a credit building exercise. Zac is also a landlord and Co-Founder of a national real estate investment fund and a property management company. LCB empowers landlords to improve their revenue, reward tenants, and reduce risk. In this episode, Zac shares about what Landlord Credit Bureau can help landlords with, especially when it comes to finding ways to encourage good tenants while preventing and stopping irresponsible and delinquent ones.  Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): <a href="https://investorattractionworkshop.com/" rel="nofollow" target="_blank">https://investorattractionworkshop.com/</a> What you’ll learn in just 17 minutes from today’s episode: <ul><li>Learn more about a bureau that protects the landlord’s right and provides recourse for problematic tenants </li> <li>Find out ways to help you as a landlord reward responsible tenants as well as stop delinquent tenants </li> <li>Discover about ways you can avoid renting out to irresponsible tenants </li> </ul> Resources/Links: <ul><li><a href="http://www.landlordcreditbureau.ca/" rel="nofollow" target="_blank">landlordcreditbureau.ca</a> </li> </ul> Topics Covered:  01:07 – What does the Landlord Bureau exist for, and what is its mission  04:08 – What landlord needs do the bureau fulfill  05:11 – How does the (PPEDA) Personal Information Protection Electronic Documents Act protect landlords  07:24 – What real significant impact does Landlord Bureau make  11:24 – How to get started with Landlord Bureau in registering your tenants   12:38 – Is there a need for tenant’s permission to put their records in the system  13:58 – What purpose do these consent causes and notification clauses serve  14:46 – What happens when tenants don’t opt-in?   15:45 – How can landlord join the Landlord Credit Bureau, and how much costs are involved   17:00 – Reward for responsible behavior  Key Takeaways:  “The landlord credit bureau, it’s doing just like other credit bureaus, such as Equifax, or TransUnion, we’re bringing accountability and transparency and balance to our industry being the real estate industry.” – Zac Killam “What Credit Bureau is doing is we are essentially a central repository of tenant records. So, landlords can register their tenants with us and then report their monthly payment habits. This then forms part of the tenant resume or the tenant record, which is then accessible to future landlords, when they’re looking at an application to potentially rent out their unit to an individual.”  – Zac Killam “The Bureaus are governed by the legislation called PPEDA, the Personal Information Protection electronic documents act. They allow landlords, credit grantors to report to bureaus if they’re doing so for the purpose of collecting a debt. For tenants suing for whatever, anybody could sue for anything, but they’re not going to win.” – Zac Killam “One important note to touch on is the real major impact of what Lana courier is doing is it’s managing tenant behavior after they move in. So, what I mean by that is, we’re enabling landlords to register a tradeline on each of their tenant’s credit reports. So, what this does is, it impacts their credit scores monthly based on if they choose to pay their rent or not.” – Zac Killam “I looked at Landlord Credit Bureau, I found and thought this is brilliant. It’s allowing me to reward my good tenants, the tenants who are just being responsible, and just adhering to the terms of their contract. And it’s enabling me to stop the delinquent tenants who are choosing to be so. It allows me to do that by registering this tradeline on their credit report with Equifax in Canada. Tradelines have an impact upon your credit rating or your credit score.”  – Zac Killam Connect with Zac Killam:  <ul><li><a href="http://www.landlordcreditbureau.ca/" rel="nofollow" target="_blank">landlordcreditbureau.ca/</a> </li> <li><a href="https://www.linkedin.com/in/zachary-killam-b803b8b/" rel="nofollow" target="_blank">LinkedIn</a> </li> </ul> Connect with Dave Dubeau:  <ul><li><a href="http://www.propertyprofitspodcast.com/" rel="nofollow" target="_blank">Property Profits Podcast</a> </li> <li><a href="https://davedubeau.com/home" rel="nofollow" target="_blank">www.davedubeau.com</a> </li> <li><a href="http://www.investorattractiondemo.com/" rel="nofollow" target="_blank">www.investorattractiondemo.com</a> </li> <li><a href="https://www.facebook.com/thedavedubeau" rel="nofollow" target="_blank">Facebook</a> </li> <li><a href="http://linkedin.com/in/davedubeau/?originalSubdomain=ca" rel="nofollow" target="_blank">LinkedIn</a> </li> </ul> Enjoyed the Podcast?  Please subscribe on <a href="https://itunes.apple.com/ph/podcast/property-profits-real-estate-podcast/id1445202776?mt=2" rel="nofollow" target="_blank">iTunes</a> for updates

Improving renting for everyone (Landlord Credit Bureau) with Zac Killam

Grant Burwash

Today we have Grant Burwash from Landlord Credit Bureau, which is a company based out of Toronto Canada started by a serial tech entrepreneur who was trying to solve his own problems with his rental portfolio to improve property management and rent collection. LCB is a consumer reporting agency when a landlord signs up, they can report all their rental payments to the credit bureaus and it would positively help tenants build their credit or on the other hand, if they miss payments, negatively impact their credit scores just like banks and credit card companies report payments for car loans, mortgages and medical bills. The ultimate goal empower both landlords and tenants and improve communications and help both parties more responsible. Grant is the VP of business development at LCB, and is himself is a successful real estate investor with a portfolio in US and Canada. He has a lot of Texas ties from his times living in Houston and graduated with a MBA from UT McComb Business School. You can find more about them at landlordcreditbureau.com and you can reach Grant at gburwash@landlordcreditbureau.com.Support this podcast at — https://redcircle.com/landlord-association-podcast/donations

Today we have Grant Burwash from Landlord Credit Bureau, which is a company based out of Toronto Canada started by a serial tech entrepreneur who was trying to solve his own problems with his rental portfolio to improve property management and rent collection. LCB is a consumer reporting agency when a landlord signs up, they can report all their rental payments to the credit bureaus and it would positively help tenants build their credit or on the other hand, if they miss payments, negatively impact their credit scores just like banks and credit card companies report payments for car loans, mortgages and medical bills. The ultimate goal empower both landlords and tenants and improve communications and help both parties more responsible. Grant is the VP of business development at LCB, and is himself is a successful real estate investor with a portfolio in US and Canada. He has a lot of Texas ties from his times living in Houston and graduated with a MBA from UT McComb Business School. You can find more about them at <a href="http://landlordcreditbureau.com" rel="nofollow" target="_blank">landlordcreditbureau.com</a> and you can reach Grant at gburwash@landlordcreditbureau.com.Support this podcast at — <a href="https://redcircle.com/landlord-association-podcast/donations" rel="payment nofollow" target="_blank">https://redcircle.com/landlord-association-podcast/donations</a>

Episode 31 - Grant Burwash, How to empower landlords and tenants with Landlord Credit Bureau

This is another AMA episode. Anders from Ottawa asks. You can now report rent payments and non-payment to the Landlord Credit Bureau and this will be reported on the tenants Equifax credit report. It sounds like a great incentive for tenants to pay rent on time. Do you see any drawbacks for landlords except the cost ($19.95/month) and some administration? The landlord credit bureau is a concept that was founded in Canada back in 2012 by a retired Royal Canadian Mounted Police officer who specialized in fraud prevention and a retired corporate lawyer turned technology entrepreneur. Both men were frustrated by their own experiences as landlords, LCB shines a spotlight on good and bad tenant behavior. Over time, the LCB has established a relationship with Equifax, one of the credit reporting agencies in order to have rental history become part of the overall credit report. The LCB suffers from a couple of problems in my opinion. The grand vision for LCB is a good one. The question is how to get from the startup phase to broad market adoption. Eight years since inception, the program is still in startup phase. In order for it to be useful for landlords, the landlord credit bureau needs wide-spread adoption. I could say the same thing about a number of new technology initiatives that suffer from being below critical mass. If 1% of tenants are members, then chances are high that when I get a vacancy in an apartment, the new prospective tenants won’t be in the system. Facebook by itself has no value. The biggest part of its value is based on the fact that it has 2.7B users. If the Facebook software existed in its current mature form with all kinds of features, but it had no adoption, it would be worthless. Think about other platforms that have achieved wide adoption. Think about Youtube, or Facebook. Both these platforms went several years with a free service in order to maximize market penetration before figuring out how to monetize the offering. If I’m a landlord, and I have a good tenant, I’m not going to pay $20 a month out of pocket to report on my good tenant. The value proposition for landlords having good existing tenant relationships is simply not there. The landlord credit bureau might be useful to me in 10 or 20 years time when enough people have adopted it that I get some real value from being a member. I’m not going to be a member for 20 years hoping that someday it might be useful. If I’m a large landlord with hundreds or thousands of units, maybe I will get more value. But the pricing goes up if you have more units in your portfolio. The concept is good, but the problem is in their business model. In my opinion, they should find another way to monetize the offering that eliminates the membership barrier. Think about it this way. If I have a vacancy as a landlord, I’m going to be thinking about solving that problem. I have two problems in fact. 1) When am I going to get a tenant? 2) Am I going to get a good tenant or a problem tenant? At that moment, I’m probably willing to spend money to solve that problem. I might be willing to spend $200 for a package of credit searches during that 30 or 60 day period of vacancy. But I might not be willing to spend $20 a month for the possibility that someday down the road I might get some intangible benefit. It’s the difference between vitamins and pain medication. When a landlord has the problem, they’re more likely to spend money to solve the problem. If they don’t have the problem, they probably won’t spend the money on the vitamins that have an uncertain benefit down the road. The landlord credit bureau is a business, and I fully respect that they need to make money to survive. . My personal opinion is that they need to refine the business model to better connect with a value proposition that both landlords and tenants will find compelling.

This is another AMA episode. Anders from Ottawa asks. You can now report rent payments and non-payment to the Landlord Credit Bureau and this will be reported on the tenants Equifax credit report. It sounds like a great incentive for tenants to pay rent on time. Do you see any drawbacks for landlords except the cost ($19.95/month) and some administration? The landlord credit bureau is a concept that was founded in Canada back in 2012 by a retired Royal Canadian Mounted Police officer who specialized in fraud prevention and a retired corporate lawyer turned technology entrepreneur. Both men were frustrated by their own experiences as landlords, LCB shines a spotlight on good and bad tenant behavior. Over time, the LCB has established a relationship with Equifax, one of the credit reporting agencies in order to have rental history become part of the overall credit report. The LCB suffers from a couple of problems in my opinion. The grand vision for LCB is a good one. The question is how to get from the startup phase to broad market adoption. Eight years since inception, the program is still in startup phase. In order for it to be useful for landlords, the landlord credit bureau needs wide-spread adoption. I could say the same thing about a number of new technology initiatives that suffer from being below critical mass. If 1% of tenants are members, then chances are high that when I get a vacancy in an apartment, the new prospective tenants won’t be in the system. Facebook by itself has no value. The biggest part of its value is based on the fact that it has 2.7B users. If the Facebook software existed in its current mature form with all kinds of features, but it had no adoption, it would be worthless. Think about other platforms that have achieved wide adoption. Think about Youtube, or Facebook. Both these platforms went several years with a free service in order to maximize market penetration before figuring out how to monetize the offering. If I’m a landlord, and I have a good tenant, I’m not going to pay $20 a month out of pocket to report on my good tenant. The value proposition for landlords having good existing tenant relationships is simply not there. The landlord credit bureau might be useful to me in 10 or 20 years time when enough people have adopted it that I get some real value from being a member. I’m not going to be a member for 20 years hoping that someday it might be useful. If I’m a large landlord with hundreds or thousands of units, maybe I will get more value. But the pricing goes up if you have more units in your portfolio. The concept is good, but the problem is in their business model. In my opinion, they should find another way to monetize the offering that eliminates the membership barrier. Think about it this way. If I have a vacancy as a landlord, I’m going to be thinking about solving that problem. I have two problems in fact. 1) When am I going to get a tenant? 2) Am I going to get a good tenant or a problem tenant? At that moment, I’m probably willing to spend money to solve that problem. I might be willing to spend $200 for a package of credit searches during that 30 or 60 day period of vacancy. But I might not be willing to spend $20 a month for the possibility that someday down the road I might get some intangible benefit. It’s the difference between vitamins and pain medication. When a landlord has the problem, they’re more likely to spend money to solve the problem. If they don’t have the problem, they probably won’t spend the money on the vitamins that have an uncertain benefit down the road. The landlord credit bureau is a business, and I fully respect that they need to make money to survive. . My personal opinion is that they need to refine the business model to better connect with a value proposition that both landlords and tenants will find compelling.

AMA - Landlord Credit Bureau