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- 278 Manitoba Street, Toronto, ON. M8Y 4G9
- (416) 255-7300
- (416) 255-7722
Found an investment property and are excited about maximizing your potential rental profits? While it might be easy to discredit property management as a “luxury”, you will quickly find that having a professional, highly experienced property manager ends up saving you money in the long run.
A property management company will act as a liaison between you and your tenants (prospective or otherwise). This saves you time in the form of rental marketing, rent collection, property maintenance and repairs, addressing client concerns, and eviction processes.
Property managers are usually hired on a contract basis, freeing you from the financial hassle of being considered an employer.
Anyone with an investment property can benefit from utilizing the help from a property manager or management company. You can especially benefit if any of these are true for you or your property:
Essentially, property management is great for any home owner that does not have the free time to dedicate full-time hours to their investment. While some retired investment owners appreciate doing the nitty-gritty themselves, this is still untrue for most.
While in the past, property management was considered quite the luxury for investment property owners,with the rising costs of homes and rentals in the GTA, property management is now much more possible. Even those with smaller, single unit properties can benefit from hiring a property management service.