Full-Service Property Management & Real Estate Investing in Toronto and across the GTA. Watch the Video to Learn More.
-Linda Z, LandLord Client
Our team of dedicated property managers and administrators work together to manage your investment properties as effectively as possible. From rent collection and bill payment, to repairs and maintenance and conflict-resolution, we’re here to help.
Our experience in property management and tenancy law informs our understanding of what makes a viable investment opportunity. Our team of Realtors are immersed in this nuanced segment of the Toronto market and are uniquely positioned for success.
Whether your property requires minor repairs and maintenance, or a total re-build, our renovation specialists can guide you through the process. From the initial design, to permitting and paperwork, to finishing touches and final walk-through, we’ll manage the project from end to end.
Property management is the operational control of and care for real estate by a third party. There are several types of property management companies, including residential, commercial, short-term, construction, and more. LandLord Property & Rental Management focuses primarily on boutique residential and multi-residential property management. This includes individual condo suites, single family homes, duplexes, triplexes and large multi-residential buildings.
Property managers have a range of responsibilities, with some offering more and others providing less. Some of the services most commonly offered include: including tenancy procurement, rent collection, bill payment, oversight of maintenance and repairs, mediation and conflict resolution. Professional property managers can also offer experience-based guidance to protect the overall integrity of your investment property by ensuring compliance with applicable legislations, avoiding unexpected costs, and maintaining a professional and positive relationship with your tenants.
Generally, realtors are focused on buying, selling, and renting properties. A realtor can help you find a tenant, but that’s where their responsibilities will end. A property manager will help get the tenant settled, and ensure both they and the property are well looked-after throughout the tenancy.
The Landlord and Tenant Board (LTB) was created by the Residential Tenancies Act (RTA) on January 31, 2007. The RTA gives residential landlords and tenants rights and responsibilities and sets out a process for enforcing them. The RTA also sets out the process for resolving non-profit housing co-operative (“co-op”) eviction disputes. Learn more about the LTB here.
Toronto property management fees vary based on the types of services provided, here are three models most commonly encountered:
Percentage of rent
Hiring a Toronto property management company should free up your time to focus on the things that are important to you. Maintenance and upkeep can get overwhelming and burdensome, and Toronto tenancy law and mediation is nuanced and can be unforgiving. A qualified, experienced property manager can (and should) make owning investment properties stress free.
Our clients would say it’s LandLord Property & Rental Management. Our 25 years in business have given us the experience to effectively handle any situation that may arise at your rental property. With 25 employees, we have the capacity to efficiently process everything related to running your rental property: the Leasing Department finds the best tenants through our 7-step Tenant Search & Screen; your personal property manager will communicate directly with you and your tenants and schedule maintenance and repairs; our Accounting Department handles rent collection and bill payments; and our Digital Team is always working to make your experience in the LandLord client portal optimal.
Property management and rental management both refer to the management of real estate investment property. However, managing real estate investments includes two main functions: (1) the management of the property, its maintenance, repairs, and inspections; and (2) the management of the rental, its profitability, and the tenant relationship. Read more about our approach to tenant management in our blog post here.
A professional property management company should have guidelines and processes to deal with the various scenarios relating to ongoing management. For example, LandLord Property & Rental Management has a step-by-step process to search and screen tenants, a standard lease for every rental agreement, rental insurance guidelines, and more. A self-managing landlord likely has limited experience working with their own property and may not have standard practices and procedures. At first glance, a rental applicant might be happy to deal with a ‘relaxed’ landlord, but complications could arise if other tenants aren’t screened thoroughly, the landlord doesn’t fully understand the law, or maintenance is not being addressed as efficiently as it should be.
To begin experiencing peace of mind with Toronto’s trusted property management experts, give us a call or fill out our contact form and we’ll be in touch to discuss next steps.
We look forward to hearing from you.