4 Tips To Choosing The Right Property Manager For You

The search for a Toronto rental home can be intimidating at times. Competition is high, and so is the cost of living, causing us to largely underestimate the impact property management has on our day-to-day quality of life.  The difference between finding a place to rent in Toronto, versus finding a place to call home in Toronto all comes down to the property management company overseeing your rental property. Keep in mind the four simple rules to finding a rental in Toronto to call home:

BEGIN WITH RESEARCH

Do your due diligence with a simple Google Search. Keep an eye out for red flags like high-vacancy rates, low prices or negative reviews. Another good indicator is to check out their website. Is it professional? Are they on social media? What services do they offer? Better yet, give the company a call to verify if property management is readily for inquiries.

GET REFERRALS

Word of mouth is very powerful when it comes to finding a quality property management company. If a property management company doesn’t take care of their properties and tenants, chances are it won’t be hard for you to discover their bad reputation.

CHECK OUT THEIR WORK

The best way to find out if a property manager is right for you is to see them in action. Visit some of the properties they manage to see if they are clean and well maintained. You can also speak to their tenants to see what they think about their property and the way it’s managed.

VACANCIES

One of the most important parts of being a property manager is being able to attract and retain tenants. Is there a high-demand for the building? Do you have to apply to be on a waiting list? Or are units frequently available? How long does it takes them to fill vacancies? This is a great way to determine whether the property management is a good fit for you.


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