LandLord Property & Rental Management Inc

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 property management. This includes leasing, rent collection, inspections, maintenance, and more for individual residential properties owned by investors.

Property managers have a range of responsibilities, including tenancy procurement, rent collection, bill payment, oversight of maintenance and repairs, and more. Professional property managers can also offer experience-based guidance to maximize your ROI, help you follow local laws, avoid unexpected costs, and maintain a professional and positive relationship with your tenants

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Generally, real estate agents are focused on buying, selling, and renting real estate. A real estate agent can help you find a tenant, but that’s where their responsibilities will end. A property manager will stay with you after the tenant search and screen and continue to handle the operations of your rental. Our company is equipped to tenant your rental suite and, if you choose, continue management of your property.

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.

Property management fees vary based on these three business models:

Percentage of rent

In this common model, roughly 10-15% of the rent is charged as a management fee.

Flat fee

In this model, a set rate is charged per property or rental unit. LandLord Property & Rental Management uses this model. To calculate our fees, visit our fee calculator.

Guaranteed rent

This model might be used for high-demand short-term rentals. The property management company pays rent to the landlord and is free to sublet the unit and generate profits at their own risk. If you considering hosting a short-term rental, be sure to learn your local laws. You can learn more about short-term rental property law in Toronto in our article, What Landlords Need to Know About Toronto’s New Short-Term Rental Rules.

Hiring a property management company, such as LandLord, ensures your rental property is being run professionally and profitably. Our property managers handle the overall operations, so you don’t have to. Our team of experts can also offer strategic guidance to maximize your ROI. Our property management company has been in business for 25 years, we have the knowledge and experience to find the best tenants, abide by the law, and keep your rental running smoothly.

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 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 might 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.

It’s easy to get started with LandLord Property & Rental Management. Give us a call or fill out our contact form to be put in touch with our Business Development Team. We look forward to hearing from you.

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