The Property Management Company Toronto Investors Trust

The duties and responsibilities of any property management company you hire will depend on your customized agreement. Generally speaking, however, property management companies and their teams of staff are responsible for the following:

• Maintaining cash flow budgets and bookkeeping
• Collecting rent and sending out late notices as needed
• Communicating with tenants about ongoing maintenance requests or tenant issues
• Filling vacancies with new tenants
• Signing and renewing leases
• Scheduling regular property repairs, maintenance, and inspections
• Coordinating services such as cleaning
• Overseeing the financial success of the investment properties

When you begin your search for the perfect property management team, make a list of the duties you are looking to have fulfilled. This will help you choose the best management company near you to get the job done right.

Property management companies typically charge a percentage of your monthly or annual rent for their services. Often, there will be some hidden or additional fees for specific services rendered, but many property managers and management companies do not readily disclose these fees. As one of the best value property management company options in Toronto, we are proud to offer competitive rates and no hidden fees. We charge 6% of the rent as our monthly management fee, with a maximum cap of $190 for condos and $230 for houses. We have no minimum fee requirement. Most of our comprehensive services are included in that price, but we do have an additional fee for our seasonal inspections and tenant placement as applicable. To compare our fees to the top rental property management competitors in the area, check out more detailed information here.

From collecting rent to paying bills to tenant screening, there are many advantages to bringing in a top property management company like ours. You will:

• Make more money by setting the most competitive rental rates with the company’s guidance
• Have more time for the parts of rental investment you enjoy; they handle the rest
• Find better tenants with their expertise
• Advertise and market your properties more efficiently
• Feature the property on the featured properties section of website for maximum exposure
• Stay in compliance with all local laws and regulation
• Better maintain properties
• Maximize the value of your time and investment

Over time you might want to buy more investments, sell some of your investments, renovate an existing investment property, buy a fixer upper and create value, or hold for the long term and realize compounding growth. Whatever your preference is we can help you along the way and offer full-service real estate services to include:

• Residential Property Management and Rental Services
• Residential Property Management and Rental Services
• Buy/Sell Services
• Renovation Services

This one stop shop gives us deep insights into each investment cycle to ensure best ROI for your investment. 

When considering our all-inclusive property management services, you’re likely curious about what is included. Our residential management services include:

• Asset management and cash flow monitoring
• Bookkeeping with monthly and yearly detailed statements
• Rent collection
• Paying applicable fees (i.e., condo fees, property taxes)
• Job management and billing for maintenance, repairs, and services
• Resolving tenant disputes
• Communicating with tenants
• Coordinating maintenance and seasonal inspections
• Communication with building associations
• Move-in and move-out inspections
• Year-round, 24/7 emergency call services

What is it about a full-service real estate property management company that is more attractive to work with than a standard property manager or a real estate agent?

When working with a property management company, you have access to not only a team of expert professionals with specialty focuses and many combined years of experiences dealing with: preparing properties for rental, attracting and vetting tenants, managing tenant relations, rent collecting, bill payments, dealing with maintenance requests, and emergency services.

You Also have access to the systems they have created for owners like you. Management companies also offer a higher degree of accountability, availability, and accreditation than you are unlikely to find with an individual property manager. Full-service companies have more to offer every step of the way and a full team of staff on hand when you want the most comprehensive and efficient service around. Their goal is to maximize your return on investment by attracting the best tenants and maintaining the property. Usually, property management companies have maintenance services, customer services and a team of property managers that are with you for the long-haul.

A property manager on the other hand is usually a one-person operation and a single point of failure.

A real estate agent is looking to place a tenant and get compensated for doing so but doesn’t inherit the potential issues that may emerge so the interests are not aligned, to say the least.

If you are a real estate investor looking to build real estate wealth over time you need a property management company to partner with.

As the adage goes “an ounce of prevention is worth a pound of cure”. Our comprehensive rental management processes in attracting and vetting the right tenant for your Toronto investment property is by far the best preventative solution to reducing the risks of non-payment of rent. Occasionally tenants have major life events that prohibit rent payment and we always try to understand why and attempt to work something out. If that’s not possible our qualified legal team is engaged and we follow the appropriate channels to terminate the tenancy and collect funds owed to the property owner.

Choosing the right tenants is a crucial part of your success as a real estate investor. Tenants who treat your property with respect and follow the rules are key, but how can our property management team help you find those tenants? With our rental services, we’ll use our experience, processes, and systems, to handle tenant screening and selecting tenants who will be a great fit for your rentals. Our rental services here at Buttonwood include:

• Customizing our strategy to suit your needs
• Prepping the rental property for renting
• Checking rental value and adjusting rental rates as necessary
• Advertising
• Handling inquiries and showings
• Tenant Screening
• Choosing tenants
• Creating and executing lease agreements
• Rent Collection
• Customizing our strategy to suit your needs

As a full-service rental investment company, we can help you sell your investment property! Selling a tenanted property, or one that is optimized for rentals is not always going to be easy with a traditional real estate agent relationship. We’ve learned as much through our own experiences and created a start-to-finish sales process. Our management of the finer details and affiliation with experienced agents at iPro Realty Ltd. make it possible for us to help you sell your investment property for top dollar with ease.

In addition to our property management services, we have a comprehensive list of property features to look for when choosing an investment project. In particular, we look at these 12 factors:

• Location
• Size
• Layout
• View
• School district
• Condition
• Facilities & amenities
• Demographics maturity
• Safety
• Walk score
• Proximity to conveniences
• Proximity to the city

With our real estate market expertise in examining these 12 factors, we work with you throughout every step of the process, to help ensure you have a solid offer and to coordinate the details for a successful closing.

Our commitment to transparency is evident in our day-to-day activities: Accessibility to Portfolio Records: Owners can access their portfolio folder at any time, 24 hours a day 7 days a week. Copies of invoices paid, management agreements, inspection reports, leases, monthly and year-end statements and any documents pertaining to their real estate portfolio will be easily accessed online by simply logging into their account. Simple Fee Structure: Our fees are clearly laid out on our website, so you know up front what your cost is and what services you will receive in return — no gimmicks and no hidden fees. Value Proposition: Our ongoing offer to waive our portion of the tenant placement fee has been and continues to be a great success. We stand by our promise that we are in this for the long haul. Excellence and the Pursuit of Continuous Improvement: Our highly qualified team understands that we are in a people’s business and provide customer service that is second to none. We are focused on long-term relationships, repeat business, and growth rather than an immediate quick deal and commission.  We are always looking for investors who share that belief and value system and are committed to building real estate wealth with you over time.

Are you ready to start saving time and make more money from your rental properties? If so, sign up to get a free quote from Buttonwood today. Or call us directly at (416) 835-7191. We’ll be happy to begin the conversation as soon as possible