Owners faq
WHAT IS PROPERTY MANAGEMENT?
Simply put, it’s helping you be a landlord! From beginning (overseeing lease + screening clients) to end (collecting rent + managing repairs), property management, specifically at CLAVIS, is a hassle-free solution for your real estate investment.
PROPERTY MANAGER VS. REAL ESTATE AGENT? WHAT’S THE DIFFERENCE?
A Real Estate agent is responsible for the sourcing, purchasing and settlement of a property. They are the beginning of your real estate investment.
A Property Manager is the middle and end of your real estate investment. They are responsible for the in-between tenancies and ongoing management. The relationship between investor and property manager is generally much longer, so it’s important that you select the right organization for you.
Thankfully, our team does both!
HOW DOES A PROPERTY MANAGER HELP ME? is a property manager worth it?
At CLAVIS PROPERTY MANAGEMENT, our focus is offering hassle free solutions for your real estate investment. We save you time and stress in a number of ways:
Process + evaluate incoming tenant applications to filter for best potential candidates
Prepare + execute all paperwork
Ensure smooth transition between tenancies
Respond to maintenance requests + provide emergency response to prevent major damages
Withdraw rent + deposit seamlessly into landlord accounts
+ much much more
What types of properties do you manage?
We manage residential properties. A majority of our portfolio are condos, yet we also manage houses, townhouses and other residential property types.
WHAT HAPPENS WITH MAINTENANCE OR IN AN EMERGENCY?
Tenants are instructed to contact us directly for maintenance, repairs and emergency. They can easily submit requests via our online portal, or by email or phone.
We will only inform you of any major issues that require your attention.
What kind of maintenance should I expect to perform?
In between tenants, you should expect to have some cleaning and repairs expenses for any outstanding issues. We also recommend repainting the unit every ~5 or so years.
Additionally, anything that requires fixing that can be considered wear & tear and not caused by the tenant's negligence is the landlord's responsibility.
DO YOU INSPECT THE UNIT?
We care for your property as if it were our own. We complete a full inspection on move-in and move-out. We can even perform periodic inspections or even retrieve mail, per the owners request.
HOW MUCH DO PROPERTY MANAGERS CHARGE IN ONTARIO?
Generally, property management companies in Toronto set up their fees in two different ways:
Flat Fee: certain companies charge a flat rate, based on the type of property (condo vs. home).
Percentage of rent: most companies charge a percentage of the rental income. In the GTA, the large size firms charge between 8% - 15% of rental income + HST.
Remain cautious as some companies have additional charges such as vacant unit, eviction and tenant replacement charges.
At CLAVIS PROPERTY MANAGEMENT, our fees are competitive and transparent.
HOW DO I RECEIVE MY RENTAL PAYMENTS?
We forward the income to our clients through direct deposit. We retrieve and deposit the tenants’ rent, deposits + other funds into the owner’s account shortly after collection. Forget going to bank to deposit post-dated cheques. We keep it much more simple!
How do I get started?
Fill in the form below and we can started as soon as you like!