Property Management Fees Calculator

PROPERTY MANAGEMENT FEES

Preview Our Management Service Fees
for Rental Properties

Unlimited possibilities. Don’t pay until we find a tenant.

Years in Business
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Client Satisfaction
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Properties Managed

Calculate Your Property Management Fees

Enter your rental property type and rental income in the calculator to view our prices and services. Enter 0 if you’re unsure about your rental income. Please note that you are calculating the property management fees for one rental property.

Property Management Fees & Services

Standard

Enhanced

Enterprise

REPAIRS AND MAINTENANCE | 24/7 EMERGENCY AVAILABILITY

We offer repairs and maintenance services for emergency and non-emergency situations. We’re available on weekends or at night if something comes up.

ORGANIZED & ON-TIME RENT COLLECTION

We collect rent on your behalf and transfer the funds to your bank account, every month.

TIMELY PAYMENT OF PROPERTY EXPENSES

Our accounts receivable and payable team handle all your expenses with full transparency. All copies of paid invoices are available on the client portal.

EXPERT TENANT MANAGEMENT

Tenant management is a nuanced skill that requires experience. We handle communication, conflict resolution, and tenant management on your behalf.

REAL-TIME ONLINE REPORTING

Full access to the client portal, available 24/7 from any device, anywhere in the world with a highly secure, multi-factor authentication system.
• Month and year end statements
• Copy of invoices
• Inspection reports with photos

RENT WARRANTY PROGRAM

We offer a rent warranty program so you can easily budget and project your earnings without worry of a defaulting tenant.

MULTI PROPERTY DISCOUNTS

For large portfolios, we offer enterprise pricing with multi-property discounts. Contact our team to learn more.

INITIAL PROPERTY INSPECTION

Upon assuming management of the property, we conduct an initial inspection. This first assessment helps establish a baseline for the property’s condition at the time of takeover.

MOVING INSPECTIONS

Every time someone moves out, we carefully inspect the house to identify if there is any damage, and reposition the property for maximum rental income.

FALL INSPECTIONS

Fall inspections ensure the property is in good condition for the winter season. We check smoke alarms, carbon monoxide detectors, shut off outdoor water taps and assess how tenants are maintaining the property.

SPRING INSPECTIONS

Spring inspections ensure the property is in good condition moving into summer. We check smoke alarms, carbon monoxide detectors, and assess how tenants are maintaining the property.

NON-RESIDENT TAX

Be informed and get notified by our team on when and what to submit to the CRA. We provide all necessary guidance and answers to all your questions.

$32 A MONTH

$32 A MONTH

PARALEGAL FEES (IF REQUIRED)

For those rare occasions, we’re equipped to guide you through the process to mitigate exposure and losses.

BILLED AT COST

EVICTION COSTS INCLUDED

TENANT PLACEMENT

Our expert leasing team will advertise your rental property thoroughly and effectively to attract top tenants. Then, we’ll screen your tenant applicants and present you with tenants that fit. What’s included:
• Advertising
• Tenant Selection and Screening
• Lease Execution

ONE MONTHS RENT

ONE MONTHS RENT

Book a Call

To learn more about what makes LandLord the best company to manage your rental property, schedule a no-pressure call with our team. An experienced agent will contact you within 24 hours to outline how we bring on new properties, expertly market rental property, and manage tenancies and timely rent collection.

Fill out the contact form to start the conversation now.

“I had no hesitation to hire Landlord to manage my property. Great service, the price is well worth it, and I strongly recommend Landlord to any future Investors and Tenants.”

-Ralph, Property Investor

Our clients say Excellent ★ ★ ★ ★ ★ 4.5 out of 5 based on 253 reviewsGoogle Reviews logo gray

What Our Clients Say

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Frequently Asked Questions

About Our Property Management Services

What does a property management company do?

A property management company helps property owners manage their rental properties by handling tasks such as tenant screening, rent collection, property maintenance, and more.

How can I benefit from LandLord services?

Property management companies can save you time, reduce stress, and maximize your rental property’s income by handling all aspects of property management.

What sets us apart is our ability to guide you through the entire property journey. We assist you in buying real estate, strategically renovating the property for a greater ROI, finding tenants, managing all aspects of it throughout tenancy, and when you are ready, we help you sell it maximizing your return!

What areas or locations do you provide property management services in?

We typically offer services in Toronto and the GTA area, but we can discuss managing properties in other locations as well.

What is the average fee for property management in Toronto?

Our fees may vary depending on the services you require. You can estimate your fees in our free fee calculator.

How do you find and screen tenants?

We take every possible precaution to help ensure that you get a great tenant. Within our Leasing Department, we have experts whose roles have been designed solely to help screen tenants and process rental applications.

Our team of experts requires tenants to substantiate claims about their finances and employment with clear-cut, professionally-sourced documentation.

What this means is that tenant applicants are expected to be able to provide us with important documentation, such as information about their credit score and credit history, a letter from their employer, pay-stubs or bank statements that can corroborate their employer’s letter, government-issued ID, and a list of references.

Our experts will then verify the legitimacy of these documents and, in all cases, call each reference directly.

Check out our tenant search and screening process here.

On average, how long does it take to find a tenant?

In general, it takes about 30 days to find a suitable tenant. It is important, however, to bear in mind that the rental timeline varies from property-to-property and depends on factors such as time of year and listing price. It is also important to remember that finding a tenant is easy, while finding the right tenant can sometimes take a bit more time.

Can you get me long-term tenants (i.e., tenants that will stay longer than 2 years)?

Once you’re ready to rent, we will start a dialogue with you to determine what your tenancy expectations are. Knowing what you’re looking for allows us to more effectively screen tenant applicants to find tenants whose expectations are in-line with your own. If you are looking for a long-term tenancy, we can assure you that our Leasing Department is trained to help identify opportunities for a long-term rental and is happy to help facilitate the signing of a multiple-year lease. However, a long-term tenancy isn’t the right fit for every property owner. Allowing for natural turnover provides investment property owners with an opportunity to increase rental prices beyond what would be allowed within an existing tenancy.

When it comes to listing my property for rental/re-rental, what makes your team different from other realtors?

Experience. Our Leasing Department is responsible for screening 80+ tenant applications per month, approaching each leasing situation with a high degree of scrutiny and attention to detail. Our team has the experience necessary to identify red flags, troubleshoot and problem-solve, and always get the job done in the best possible way.

A dedicated Tenant Screening Department. We have a dedicated tenant screening department comprised of staff who are trained to find you the best possible tenant(s) for your property.

Knowledge of current industry trends and standards. Our Leasing Department is fully up to date in terms of understanding Landlord & Tenant Board requirements and documentation, and navigating the paperwork surrounding a variety of possible leasing scenarios. In fact, we use our own, customized lease addendum (in conjunction with the standard RTA Rental Agreement) that has been designed to protect our clients’ and tenants’ interests as thoroughly as possible. At LandLord, we do everything in accordance with the Residential Tenancies Act. Additionally, our comprehensive understanding of landlord-tenant relations (due in large part to our Property Management Division) allows us to navigate tenant selection with a know-how that’s hard to come by.

So much more for your money. The cost of renting through LandLord is one month’s rent + HST. The peace of mind our services afford you is priceless. At LandLord, this is what we do – we work tirelessly to connect landlords and tenants that are a good fit for one another. Additionally, because we will be managing your tenants after the lease is signed, you can rest assured that we won’t settle for anything but the best applicants.

Full-time, expert leasing staff. Our leasing staff are incredibly involved throughout the entire process. We will give you honest, transparent feedback about the applications we receive for your property and work to secure a tenancy that will be long-term. We will always do what is in the best interest of our clients and our tenants.

In-person screening. At LandLord, we will not lease a property until the applicants have seen the property in-person and been in contact with one of our leasing staff. The in-person viewing of the property is a crucial part of our process and helps to protect both you and the prospective tenants. How does it protect you? Meeting prospective tenants in-person, at the property gives our leasing staff a chance to thoroughly vet applicants, looking for red flags and warning signs that can’t be picked up from an on-paper application. This also helps ensure that applicants won’t be disappointed or dissatisfied with the property if their application is accepted (e.g., if a tenant doesn’t see the property in-person before applying to live there, they might find that it is smaller than it seemed in photos or on video, that it’s not as sound-proof or doesn’t have as much light as they thought, and so on). This vetting process is a crucial part of what helps LandLord get you lower turnover rates.

Expert-level marketing. Our Leasing Department knows how to best-list your property towards your desired outcome. We consider every detail:  which photos should be used in the listing, which websites your listing should be posted on, what verbiage will generate the desired interest in the property, and so much more. Because we also host a full-service Real Estate Brokerage, we are able to access and post to MLS as well as to private sites, like ViewIt, Kijiji, and our own Listings Page.

Exceptional knowledge of market pricing. We are constantly looking at market trends and projections to ensure that we get you the best possible price for your rental.

How are rent payments collected and disbursed to property owners?

We collect rent from tenants and wire the net income to property owners in the first week of the following month. You learn more about how we collect rent here.

How is a maintenance plan developed? What do you do to ensure maintenance plans are followed?

Your customized maintenance plan is developed during the onboarding process. We will work with you to identify your property’s unique needs and to come up with the best approach to handling them. To ensure that your maintenance plan is followed accurately year-round, we use a specially-designed software that helps us keep track of what needs to be done. Your personal Account Manager will familiarize themselves with your maintenance schedule and utilize our proprietary Diary system to make sure that your instructions are followed as accurately as possible.

What happens if my tenant pays rent late or not at all?

In all cases, we carefully abide by the processes outlined by the Province of Ontario. Starting from our thorough financial screening and careful selection of your tenants, we do everything within our power to help ensure that your tenants will pay their rent in full and on time.

Our Accounting Department keeps careful track of tenant payments. Should your rent not be received within the first few days of the month, we will take immediate action. In all cases where rent is not paid within the first few days of the month (unless the owner says otherwise), we will issue a form N4.

This form compels tenants to pay their rent within a set period of time and allows for escalation if the rent is not received.

If ever a tenant does not comply with a request to pay their rent, we will reach out to you to confirm whether you wish to proceed with escalation.

If you give your consent, we will enlist the assistance of a licensed legal representatives to take this matter before the Landlord Tenant Board.

What happens when a tenant calls with an issue?

Some clients like to be involved, while others prefer to keep their distance. As we become familiar with you and your property, we will tailor our approach to meet your needs. In general, however, when a tenant has an issue, they will be instructed to come to us first. Every property we manage is assigned an Account Manager. The Account Manager for that property will be responsible for working closely with you, the client, and with the tenants. Our protocol is for tenants to go directly to their Account Manager with any questions, concerns, or maintenance items. The Account Manager can be reached by phone or e-mail. Depending on the nature of the tenant’s concern, the Account Manager will take whatever steps are necessary to ensure swift resolution.

What additional fees and charges (i.e., not included in my monthly management fee) might come up?

  • Scheduled maintenance charges, such as snow removal, lawn care, cleaning the eavestroughs.
  • Unexpected repair charges, such as an appliance breaking, toilet repair, or electrical work.
  • Inspection fees. While one, initial inspection is included in our standard fee, we also offer a variety of other inspections:
    • Annual/Fall Inspection
    • Spring Inspection
    • Tenant Move-In and Move-Out Inspections
    • Drive-by Inspection
    • Inspections for Vacant Properties
  • NR4 fees. If you are a non-resident and would like to make use of our non-resident services, you may be charged additional fees. For more detailed information about the services we offer our non-resident clients, contact us here.
  • Charges imposed by the City, such as utility redirection fees or fees relating to the collection of garbage.
  • Tenant Screening Fee. For a nominal fee of $300 + HST, you can make use of our professional tenant screening services.
  • Rental Fee. If you decide to rent your property through our Leasing Department, you will be charged a fee of one month’s rent + HST.
  • Legal fees. In the rare case that your tenants withhold rent or if you are called to the Landlord Tenant Board, you may need to pay legal fees, such as processing fees and legal representative fees.

What should I know if I reside outside of Canada and I am collecting rent on a Canadian property?

When you receive rental income from a Canadian investment property, the payor (your tenant(s) or property manager) is obligated to withhold non-resident tax at a rate of 25% of the gross rental income received.

This policy is mandated and enforced by the CRA, and the tax collected must be received by the CRA by the 15th day of the month following the month rent is received.

Our team can help manage this process for you and structure your remittances in such a way that you can remit 25% of the net proceeds, as opposed to remitting 25% of the gross proceeds.

What does it mean to be a non-resident of Canada (for tax purposes), and how do I determine my status?

If you live outside of Canada, you are deemed to be a non-resident. However, there are exceptions to this, and those exceptions are based on the number of ties you have to Canada.

To determine your status, we recommend following the instructions provided by the Canadian government: https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/information-been-moved/determining-your-residency-status.html

For more information about services we offer our non-resident clients, please contact us directly.

Contact Us Today!

Let us show you how owning a property can be a stress-free experience