Multiplex | LandLord Renovations and Design Build

Multiplex Property Management - Toronto and GTA

Full-scale Property Management for Multiplex Properties

Landlords with duplexes, triplexes, and larger buildings in their portfolio will agree that property management for  multiplexes comes with its own unique experiences. Here are a few things to consider if you own a residential multiplex.

Multiplex Property Management

What is a multiplex?

We consider any single property with multiple residencies a multiplex property. A duplex, with two units, one often in the basement, a triplex, with three units, and a fourplex with four units are all multiplex properties. They differ from apartment buildings by having less than five units and are often converted from older houses. The City of Toronto defines multiplexes as “housing with 2, 3, or 4 units in a single building”.

What are the benefits of managing a multiplex?

In some multiplexes, the owner will have the option of occupying one of the units. This is especially true with duplexes where the primary owner rents out the basement apartment. Multiplex properties provide multiple rental units within a single property, increasing rental income potential. They often offer a higher return on investment compared to single units.

What are the challenges of self-managing a multiplex?

Landlords with multiplex properties will find that maintaining privacy between units and addressing potential conflicts between tenants can be challenging. Managing multiple tenants and coordinating maintenance for multiple units can be more demanding and require more organization and coordination.

Why outsource the property management of your multiplex?

Managing multiple units within a triplex or quadplex can be complex, requiring efficient tenant screening, rent collection, maintenance coordination, and resolving tenant issues. Our team of property managers can handle these responsibilities, ensuring smooth operations, maximizing rental income, and minimizing vacancies.

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Make Property Management for Your Multiplex Easy!

Our team at LandLord Property & Rental Management is equipped to help you with every part aspect of property management for your multiplex. We can help you list and lease the every unique unit to Toronto’s top tenants, manage multiple healthy tenancies with timely rent collection, handle any issues that arise, and regularly and thoroughly inspect the property and provide you with reports and photos.

Schedule a call with our team to discuss our full-scope property management services.