Taking the hassle out of property ownership
With decades of experience in property management, financing, maintenance and home inspections, our team of professionals will ensure you get the most from your real estate investment.
WHAT IS A PROPERTY MANAGER
The quick answer is that we legally represent you. A property manager oversees the daily operations of a commercial or residential property that generates income for an owner. Primary activities include showing properties to renters, preparing leases, collecting rent payments, managing facilities, preparing financial statements and ensuring reasonable conditions for tenants
WHY HIRE A PROPERTY MANAGER
Are you visiting your property on a regular basis?
You are busy. Between your kids, your day job, your business, the evening activities (and the list goes on...), you just don’t have time to be visiting your income property. Besides, things there are fine, right?
Regular property inspections are key in protecting your investment. You did your best in choosing a tenant but it’s important to ensure that they are following the rules of the property. Further, regular visits will allow for the early detection and remediation of potential costly damages caused by faulty systems. Our property management team has designed a regular inspection and reporting system which protects your investment and keeps you updated on how things are going.
Dealing with conflict.
Late night parties, late payment of rent, tenant disputes, unauthorized animals, illegal activity on the premises... these are all situations that a landlord will eventually run into; these are all situations that we have dealt with. As a matter of fact, it has become a bit of our specialty. Don’t let these nasty incidents ruin your experience as a landlord. We do all the dirty work so you can reap all the benefits.
Regular maintenance schedule.
Are things getting a little out of hand? “That faucet is still leaking and the furnace is still making that funny sound. I should really check that out.” “Those gutters really need to be cleared. I’ll do it next fall.” Overwhelmed by all the little tasks? Not us. Our regular maintenance schedule creates huge efficiencies and increases the value and return of your property. We find and repair problems before they become problems.
Your portfolio of rental properties is growing.
You have realized the value of passive income. You have accumulated several rental properties and things are going well. But now, that once passive income is starting to become more and more of an active challenge. More units mean more viewings, more tenants, more rent collection, more maintenance. Don’t become overwhelmed. Focus on what has allowed you to get all these units - your main business. Allow us to handle your portfolio, maximize your passive income and increase your return on investment.
Can you stay on top of all the maintenance and repairs?
Broken toilets, old plumbing, bad electrical connections, damaged flooring – you can handle it right? As a landlord you will quickly come to realize that these things happen, more often than not, when you are out camping with your family, away on a business trip or at home on a quiet Friday evening. We are on call 24/7/365 and have a team of professionals ready to tackle all of these chores!
How quickly are you able to get your unit rented?
Vacancies kill your bottom line. All that hard work you did last year to make your property profitable can be wiped away with a few too many vacancies. And all that time and effort that you put in to posting the unit for rent, speaking with potential tenants, travelling to show the unit…your time could be better spent. We have developed systems that allow us to show your unit to more people in a shorter amount of time. We use digital advertisement channels to reach a wider audience to rent your unit in the most efficient way.
Are you handling all the finance, accounting and record keeping for your property?
Profit and loss statements, tax deductions, rent roll, forecasted expenditures are all important areas to pay attention to when you own a rental property. Maybe you can handle it or maybe you outsource to an accountant. When you trust us with your property we take care of all this for you. We provide quarterly and annual reports detailing all of your information. Additionally, you will be able to log on to our owner portal where you can see all your information 24/7/365 in real time.
Are you willing to be on call 24/7/365?
It’s important to be honest with yourself about this one. When an emergency happens at your property you are obligated to respond. Your child’s birthday, Christmas Eve, your anniversary, important meeting, vacation, or personal situations don’t give you an out. Overflowing toilets and broken furnaces in January don’t happen all the time but when they do, are you able to always be there immediately? We are always ready to answer that call. Our team of professionals is there 24/7/365 so that your tenants never miss a beat.
This is a tough one. It however is an unfortunate reality in the life of a landlord. Despite your best efforts in selecting a tenant, sometimes they let you down and you are forced to take action. Further, are you familiar with all the laws governing tenancies and evictions in Newfoundland and Labrador? Are you aware of the notices required in order to evict someone? We are and have become experts at dealing with these tricky situations. Let us handle the problems when they arise.
How well do you understand the laws governing rental properties?
As a landlord it is critical that you operate within the laws and regulations of the Residential Tenancies Act. Not doing so could expose you to lawsuits and problems that you really can’t afford. We are trained in law and know how to operate within the guidelines. Let our expertise shield you from liability.
Will managing your own property give you the highest return for your time investment?
In some cases the owner of the property might be the best person to run the property. Often times though, it makes sense to hire a property manager. Successful entrepreneurs and professionals like yourself appreciate the value of delegation. A property manager offers you that delegation to free you up for higher value tasks. Our low fees, which are tax deductible will ensure you get the best return on your investment.
Vacancies can really impact your profits. With our active marketing, Realtor Referral Program and access to digital networks and the Multiple Listing Service (MLS) your property will rent fast and to the right tenant!
Choosing the right tenant is one of the most important aspects of being a landlord. Background check, credit bureau, employment verification are all part of our comprehensive screening process which ensures you get only the best tenants!
Chasing rent is a thing of the past. We collect the rent, keep your books and report your profits. Our online payment system makes everything a breeze.
Our team of maintenance professionals will keep your investment in top shape to maximixe your return on investment. Our Preventative Maintenance Program will minimize costly and unexpected repairs.
Our Property Managers perform regular inspections of your property mitigate risk to your property by ensuring that its systems are operating as they should and that lease conditions are being respected by your tenants.
We keep all the books including rent, expenses, property taxes and all the other important details. We will provide you with annual reports.
Not sure what your rights and obligations are as a landlord? Our active guidance and experience in the Residential Tenancies Act of Newfoundland and Labrador will minimize your legal liability.
Tenant relations is our specialty. We investigate and address tenant complaints, ensure lease conditions are followed and handle rare cases where evictions are necessary (See tenant screening).
Maximize your profit, minimize your risk and protect your investment.
Contact us for a free Rental Evaluation today!