15 Reasons to Hire a Property Management Company in Toronto
Are you thinking about buying a property investment for the first time? Do you want to expand your existing investment portfolio in the city? Either way, congrats are in order! Both are big achievements in your investment property career.
Now, are you ready for the paperwork, tenant selection, and repairs you’ll be responsible for soon? Don’t worry if you aren’t as enthusiastic about these tasks as your initial purchase. We know property management can be financially rewarding, but it takes a lot of work to do it right.
If you aren’t sure you can do it all on your own, consider teaming up with the best property management company in Toronto. Here are 15 different tasks our team can help you with.
1. Understanding the Toronto Market
With over 25 years of experience as a property management company in Toronto, we’ve seen the market at its best (and worst) as it fluctuated between buyer’s and seller’s markets. We always provided professional real estate consulting to our clients then, and we still do today.
Simply put, we know this city. We understand its neighbourhoods, its properties, and its real estate market.
Whether you want to get help buying or selling your property, we can teach you about the market and the factors that make Toronto unique.
2. Buying a Property Investment
Once you’re ready to jump into real estate, we can show you how to buy an investment property that suits your needs perfectly. Together, we’ll locate an investment that sets you up for a lifetime of earnings.
As a boutique real estate consulting firm, you can expect one-on-one assistance at every step of this process.
3. Inspecting Property Investment
As an experienced and knowledgeable real estate investment company, we understand the fair market price for individual properties. With that in mind, we carry out thorough inspections of prospective properties to ensure it meets all your expectations before you buy it — not only in terms of space and amenities but also in price. This way, you can walk away with the perfect investment every time.
4. Selling a Property Investment
One day, there may come a time when you’re ready to sell your home, apartment, or condo, and we’ll be there to support you. As with buying an investment property, selling an investment property benefits from our boutique services, too.
Marketing for real estate is one of our top skills, so we know how to market your home or condo for maximum exposure.
5. Setting the Right Rental Rates
Setting your rental rate can be a tricky task. You want to earn top dollar on your investment but asking too much can scare away potential renters.
Here at Property Management Toronto, we’ve fine-tuned this delicate balance to set appropriate rates for your location and property. We analyze the market thoroughly to maximize your earnings without alienating the city’s best renters.
6. Boosting Marketing Reach for Rentals
We work hard to ensure the city sees what you have to offer by marketing your property on our website, social media platforms, Kijiji, MLS, and more. We even have our top properties featured in Toronto Life!
We craft thorough listings paired with beautiful photographs to make sure your property shows off its best angles. Check out our available properties to rent to see what we mean.
7. Complying with Housing and Property Laws
With our team on your side, you’ll always be on the right side of the law. As an established property management company in Toronto, we know these regulations intimately. We’re closely following them as the government tweaks these rules to counter the pandemic’s economic effects.
8. Finding A+ Tenants
Our tenant selection plan is second to none. We employ thorough tenant vetting tactics to ensure only the best people end up on our shortlist of candidates. Our goal is to find an amazing tenant who will love your property as much as you do.
9. Reducing Your Turnover Rate
Do you ever wonder where all the good tenants have gone? If you keep losing great tenants year after year, it’s time to get in touch with us. Our tenant selection plan will help you find long-term renters, so you aren’t constantly searching for new tenants. Not only will this save you the hassle of signing a new contract, but it will also save you money!
10. Collecting Rent Payments
For landlords who prefer a hands-off approach, our landlord services include collecting rent. We’ve got collecting rent down to a science, so we can ensure you get paid on time every time.
11. Managing Tenants
Here at Property Management Toronto, we believe that the tenant-landlord relationship is crucial to your success. While we fully support our landlords, we also recognize how happy tenants can preserve your property investment.
We’ll be your courteous representative whenever your tenants have questions about their lease, rents, or maintenance requests.
12. Coordinating Maintenance and Repairs
Our landlord services include taking point on maintenance and repairs. These annoying tasks are an occasional reality for any house, apartment, or condo, and they can take a lot of time and effort on your part to deliver.
To give you peace of mind, our property managers do all the heavy lifting for you. We offer 24/7 support to ensure we facilitate prompt and professional repairs at any time.
13. Handling Estates
We’re here to ease some of the burdens of selling or renting the family home after a loved one passes away. Our sensitive estate services will take care of everything during this difficult time, including packing, sorting, and donating belongings before we put up the property for sale or rent.
14. Accountable Reporting
Here at Property Management Toronto, we believe in full transparency. That’s why we email comprehensive financial reports every month. These reports give you insights into your investment property’s cash flow — from the rental cheques we deposit to the repairs we carry out. Soon, this information will be available on our Tenant Cloud!
15. Affordable Pricing
Our commitment to transparency extends to our pricing, too. Unlike other property management companies in Toronto, we never advertise a rock-bottom price only to surprise you with added fees for expected services. We believe in upfront, all-inclusive pricing with no hidden fees.
We Deliver Peace of Mind
Frankly, knowing you have a team of knowledgeable and experienced property management specialists to support you will be a relief. You won’t be taking on this big and sometimes stressful task on your own. You’ll always have our team to help out at every step of the way.
Now that you know what property management companies do for landlords, it’s time to decide if you’re ready to join forces. If you have any questions about what we talked about today, get in touch with us soon. We’ll be happy to discuss how we can help your property investment grow.