Considering Property Management Options in Toronto
Are you tired of self-managing your investment properties? If you’re considering outsourcing, you’ve probably wondered about the pros and cons of a property management company vs an independent property manager. Understanding the differences can help you make the right decision for your rental investment.
Here are seven key considerations to help you decide.
7 Considerations Before Hiring a Property Manager or a Property Management Company
1. Availability: Property Management Company vs Independent Manager
One of the main differences between a property management company vs an independent manager is the availability and support you receive.
An independent property manager often works alone. They handle everything — tenant issues, rent collection, bill payments, and repairs — without support. For many, property management isn’t even a full-time job. During busy periods, they can become overwhelmed and slow to respond.
A property management company operates with multiple specialized teams. Someone is always available to handle rent, bills, maintenance, and emergencies — so you don’t have to be on call 24/7.
2. Expertise and Specialization
Independent managers act as generalists. They wear many hats but may lack deep knowledge in key areas.
A full-service property management company employs experts in leasing, maintenance, finance, and legal compliance. This specialized approach means each task is handled by the right professional.
3. Tenant Screening and Protection
Good tenant screening protects your property. An individual manager with limited resources may skip steps or rush through checks.
LandLord Property & Rental Management has a dedicated tenant screening team. They run thorough background checks, verify documents, conduct interviews, and send you a complete report before you approve a tenant.
4. Maintenance and Trades Network
An independent property manager may struggle to find reliable tradespeople. They might attempt repairs themselves, risking poor workmanship or liability.
A well-established property management company has long-standing relationships with trusted contractors. These connections ensure fast, professional repairs that keep your property safe and tenants happy.
5. Communication and Technology
Communication is essential for protecting your investment. Independent managers might rely on a single phone line or email — sometimes unmonitored.
LandLord provides a Client Portal where you can access reports, financials, and photos in real time. Our account managers monitor phones and email daily and have a 24/7 emergency paging system if issues arise.
6. Licensing and Professional Oversight
Choosing a property management company vs an independent manager also impacts your real estate investing strategy.
In Ontario, there’s no requirement for individual property managers to hold a license. Anyone can create a website and offer management services.
LandLord is a licensed real estate brokerage with experienced property managers, Realtors, brokers, and a full renovation team. We support investors through every stage — acquisition, management, renovation, and sale — with expertise across all departments.
7. Accountability and Reputation
It’s hard to verify the credibility of a solo property manager. Many have limited online presence or reviews.
An established property management company should have a strong digital footprint, public reviews, and verifiable references. LandLord has built a trusted reputation in Toronto with transparent feedback from both clients and tenants.
Final Thoughts
Both options have pros and cons. But when you’re protecting one of your most valuable assets, choosing an experienced full-service property management team offers security, expertise, and peace of mind.
If you’re ready for worry-free property management, contact us today — we’re here to help.
Learn more about rental regulations at the Ontario Landlord and Tenant Board.
