You get what you pay for. It’s a tried and true adage that is a mantra for anyone who has ever been burned by choosing a cheap option. That’s especially true when contracting professionals to do work on your property. You wouldn’t trust your property to unlicensed plumbers, carpenters, or electricians. And you shouldn’t trust your property to unlicensed property management services. The Reason You Hire Professional Property Management in Toronto The job of managing rental properties, whether they be condominium complexes or apartment buildings, is a big one. Hiring professional property management services in Toronto is simply a smart...Read More
Oh, to live a life free of responsibilities. Wouldn’t that be wonderful? It’s a perception a lot of people have about buying a condo. From working professionals to retirees looking to divest themselves of laborious yard work, potential condo owners often think their days of major responsibilities related to homeownership are done once they sign the dotted line. Unfortunately, that’s not entirely true according to companies who handle condo property management. What Are Your Responsibilities as a Condo Owner? Condo living is different than apartment or single-family home living. Despite being an owner of your property, as a condo owner,...Read More
Condo living in Toronto can be wonderful. Renting condos as a property owner can be a nightmare. Finding the right tenants is never easy; renting in a highly competitive market has its challenges. Ultimately, you don’t have to use a real estate agent if you follow some of these tips from condo property management. Check the Local Community Before you contract condominium management services to help you rent your condo, try advertising the property in the local community. In a popular condo complex, there are always people wanting to secure a unit. Advertise writing a very descriptive and creative ad...Read More
Breaking up in hard to do. It’s an emotional time when tensions can climb and the two parties involved have differing opinions on how to best rectify the problems and move on. We’re not talking relationships here, we’re talking breaking a lease. And whether you’re the landlord or the tenant, there definitely needs to be some civil negotiation for both parties to be happy with a property lease out. Leases Are Legal Documents with Consequences to Being Broken In the whirlwind of activity that comes when a tenant finds an appropriate property and signs that lease, there’s an often-overlooked reality:...Read More
The Wizard of Oz is a beloved movie because most people identify with its simple message that “there’s no place like home.” If that home happens to be governed by a rental/tenant agreement, how that particular space is cared for can be dependant on whether you’re the tenant or the property owner. Tenants aren’t always kind to their rental properties, whether through neglect, willful damage or simply not caring about the cleanliness of their immediate environment. As a property owner, you want to avoid situations where compounding neglect caused by tenants turns into major repairs later on. That may be...Read More
You’ve worked with a real estate expert to facilitate purchase of your income property. Now you’re a rental property owner, you realize you need an expert who can manage all the aspects that coming with being a landlord. Where do you start? The first step is finding the right property management company for your needs, which will require the issuing of a Request for Proposal or RFP for property management services. Find the Right Property Management Company with the Right RFP There are literally thousands of property management firms currently operating in Canada. To find property management Toronto services for...Read More
Being a landlord comes with an ever-growing list of responsibilities. As a property owner, you may not want to deal with the hassles that come with overseeing property and tenant issues. That’s where a good property management company comes in. Contracting the right company could help alleviate all the stress involved, especially when it comes to property maintenance Toronto services. How do property management companies help landlords? Let’s start with the simple management and administration of your properties. Investment properties can certainly help diversify your assets and provide you with ongoing monthly income. However, administering all the financial responsibilities that...Read More
Being a new condo owner is like being a supermodel. Looking in from the outside, it would appear you’ve got it made. However, no one sees the hard work that goes into both roles. For a new condo owner, that means more than just collecting rent money and living the high life; it means administering the entire operation, overseeing maintenance, contracting security, dealing with tenants, collecting condo fees, and more. Suddenly being a condo owner isn’t so glamorous, but it can get easier when you hire condominium management Toronto services. Manage Your Condominium Easily and Affordably Hiring an experienced company...Read More
Hiring condo management services as a corporation or as an investment property owner is a reality that has to be considered. Toronto’s condo market is a challenging environment for someone not fully up to speed on all the regulations and requirements that go along with condo management. If you reach the point where you’re ready to contract a company, here are a few expectations you should have of the company contracted to handle your condo property management. Set the Bar High on Condominium Management Services Property management isn’t just overseeing a property. It also requires an individual or organization that...Read More
Maintaining property as a de facto landlord on behalf of an owner can be a challenging proposition. Credible property maintenance companies earn their money because tenants can be a challenge. Sure, there are bad landlords, but not all tenants start out bad. Some just get frustrated with the lack of maintenance often reflective of bad landlords. To avoid creating those issues, it’s important that property maintenance issues are dealt with quickly by the company hired to fulfill property maintenance services. Every property is going to need maintenance whether it’s fully occupied or not. Regular upkeep and repair is just a...Read More
