How to a Condo Property Management Company in Toronto Can Set You Up For Financial Success | Landlord Property Management

Owning a rental property is a fantastic way to generate income. 

Mareka Properties is one of the top condo property management companies in Toronto and Etobicoke, with the expertise to handle the day-to-day logistics of your property and set it up for financial success. 

 

Why a Condo Management Company is the Need of the Hour

Our landlord property management services in Toronto include ensuring the space is livable, having staff on-site/on-call, having proper insurance, adhering to legal standards,  and marketing the property to drive new tenants.

Condos, specifically are in high demand in Toronto, thus, owning this type of property for the purposes of renting can bring in some serious cash. With the population of Toronto growing, condos have become a great option for those who want to live in the heart of the city. 

They have the ability to hold a multitude of individuals and are a busy person’s dream as outdoor duties are covered by condo fees and/or the landlord renting the unit. 

Mareka has been managing the day-to-day operations and guiding the boards of directors at condominium corporations since our company’s inception – this is our most central area of expertise.

 

Enjoy Unparalleled Peace of Mind With a Property Management Company

High-quality rental property management companies in Toronto will greatly enhance the safety, comfort, and cohesion of residential communities by providing services that increase renters’ peace of mind.

First of all, Mareka Properties (2000) Ltd makes rent collection easier. Rather than having to chase down your landlord or stuff your check into a jam-packed mailbox, we collect for you to give you complete peace of mind.

Our rental property management team also handles the property’s physical maintenance to keep residents safe and comfortable. Whether it’s a common area lighting issue or a more serious equipment failure in your building, our team will help, whether that means fixing the problem ourselves or hiring a quality contractor.

 

Maximize Profits!

Though the value of rental property management companies is clear for tenants, some investors wonder if it’s a worthwhile expense. After all, can’t the investors handle these tasks themselves?

While it’s true that an investor could juggle their rental property’s finances, maintenance, security, and general community management duties, they’d quickly hit a point of diminishing returns. 

Think of it like any other business: a fast-food franchise owner could cook the burgers, mop the floors, and run the cash register while handling the other financial, marketing, and administrative responsibilities, but they’d be much better off hiring employees. In doing so, the investors or owner can focus on growing their investment, rather than being consumed by everyday duties.

But more than just adding a second set of hands to handle everyday tasks, rental property management companies like ours bring serious value to the table in the form of industry insights. Working with us gives your rental investment the benefit of our 25+ years of experiential knowledge in this industry. This means you’ll know the correct market rent rates to maximize your return on investment. 

You’ll also get access to detailed financial reports so that you can plan more effectively for the future. Furthermore, our rental property management team possesses in-depth knowledge of landlord and tenant law, which means you’ll never have to worry about running afoul of any rental policies.

 

 

Turn to a Trusted Property Management Company Today

Mareka has the experience to deal with the novel challenges that are coming your way. Daily logistics, tenant communications, payment deferrals, staying compliant with housing and health regulations – we can help you handle it all. 

Contact Us today to set your property up for success!

 

About author:
Mary is the CEO of Mareka Properties (2000) Ltd. She holds a CPM, RCM, and CRP designation, and brings over thirty years of experience to the helm of the company. Additionally, Mary has a thorough knowledge of the legislation governing the industry, an in-depth comprehension of building components, and a proven track record of guiding condominium corporations and boards of directors to success. She's the full package!

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