How to Evaluate a Property Management Company
Pricing
Tiered Packages
Keep an eye for some property management firms with tiered pricing plans as opposed to full service.
Example: Property Management X offers unit inspections or key exchanges, but only once you’ve upgraded to their ‘Platinum Level’ at an additional cost.
Hidden Fees
Remain cautious as some companies have additional charges such as vacant units, evictions, tenant replacement charges, set-up fees + more!
Minimum Payments
Several property managers in Toronto will highlight their rock-bottom pricing with a catch - there is a minimum fee.
Example: Property Management X charges only 6% of rental income, but a minimum payment of $90. So, your management fee on a $1000 rental property is not $60, but automatically $90.
Learn about our transparent fee structure that’s full-service, no minimums and no hidden fees!
Service
Workload
Will you be lost in a portfolio of 5,000 to 80,000 rental properties like some in our industry? It’s great that the company has a big team but watch out for layers of red tape.
Knowledge of Industry
Ensure your manager is up to date with the latest laws and regulations in the province. As they are your representative, you wouldn’t want to be doing anything below board.
Repairs + Maintenance
What happens when things go wrong and need repair? Some property management firms charge a maintenance fee on top of the maintenance costs. Others don’t inform you until it shows up on your bill!
Get to know our qualified team plus our suite of services.