Top Rated Rental Condominium Property Management Company

Our core property management services include everything you’d expect, starting with simple and hassle-free property maintenance, rental collection, inhouse paralegal team, responsive customer service and property inspection that puts you in the driving seat by arming you with all the details you need to make a decision quickly. Tenants also benefit from greater transparency and communication without having to wait weeks for a leaky tap or broken stove to be fixed.

If you need new tenants for your investment property, our rental leasing team will manage your entire leasing campaign to market your property in the best possible light.

Our Condo Apartments Management team

Our team is made up of a unique blend of experienced Rental Property management specialist, Toronto’s best and most experienced leasing representatives, accounting team with industry leading and certified accounting team & licensed paralegal team who are experienced in Landlords and tenant board issues. This ‘Unique’ combination is what helps us stand out within our condominium property management industry in Toronto. That’s the reason 9/10 Del Condominium Rentals customers recommend switching to our services and Delrentals Condo property management reviews are rated 4.5/5 by customers.

Today – there are more condos for rent and a demand for professional property management companies’ services.

Condo owners use property management companies to reduce their workload while still making money from their rental property. These companies take care of tenant relations, collection of rent, in-suite maintenance, dealing with tenant complaints, enforcing tenancy laws, and much more.

But how do you know which one to choose? Continue reading to learn how to choose the best property management company in Toronto for your investment.

Tips to Find the Best Property Management Company for your Condo

Your condo rental property is an asset that requires proactive and professional management to protect it properly.

Choosing the right property management company to protect your investment can be an overwhelming task, especially if you’re a first-time landlord.

With so many investors taking advantage of the newer condominium developments in the Toronto area, we’ve created a list of our top must haves, when it comes to a full-service property management company.

Look for specialized experience – the experts

Condo Property Management is a complex and competitive industry. You want a company who is on top of current residential tenancy laws and someone who has a proven record of effectively handling the many variables that come to the tenancy.

It can be challenging to be an expert on everything that goes into managing an investment property, so its best to leave it to the experts.

Avoid real estate agents who moonlight as property managers to earn extra money on the side. If they haven’t acquired specialized training, they won’t know how to tend to your investment properly and they’re less likely to be up to date on relevant laws.

Common questions to ask when you are setting up your initial interview with companies:

• How long have you been in business?
• Does the team have any certifications or real estate background?
• Have the Sales Rep thoroughly explained the onboarding process of your suite?
• Can your Sales Rep provide a knowledgeable discussion about ROI for your investment?
• How do they set the rent for your suite?
• How can they ensure quick turnaround, reduce days on market, and retain good tenants?

Companies Reputation: Check reviews

Before you sign your contract, read through the companies Google and Facebook reviews. See what they are doing right and see what the most common complaints are. And be mindful of how long ago these reviews were written. Companies can go through growing pains and a bad review from 2 years ago really could have no bearing on how the company’s services are today. When speaking to a potential property management company, ask relevant questions such as: Does the property manager promptly respond to owner inquiries? Are they proactive when it comes to maintenance issues and filling vacancies? Are their fees clear and transparent? When should they expect payments deposited?

Their Tenant Screening Process

The best property management companies in Toronto are ones who screen tenants by conducting background, credit and reference checks. Ask about their screening process. How do they approve their tenants and based on what criteria? Ask if you are allowed to be involved in that decision making process.

A strict screening process means that you will have less of a chance of dealing with difficult tenants in the future, less turnover and less costs incurred to re-rent your suite.

On Call and After-Hours Maintenance

Want to be awoken at 4am by a tenant claiming there is a leak in the bathroom? Hiring a property management company that has systems in place to answer and handle calls 24/7 ensures tenants are responded to quickly and that your property is being cared for.

Legal support

It’s rare to find a property management company that has an in-house legal department to help settle minor disputes tenants and landlords may have. For landlords, this is an incredibly valuable asset to have access to when working with a property management company. Having access to reliable legal services can help diffuse difficult situations and ensure that the terms of your lease are being enforced to protect both parties.

When speaking with your property management company, ensure they have a legal team available to you that is well versed with owners and tenants’ rights and obligations under the Residential Tenancies Act, 2006 (the “RTA”), the Condominium Act, 1998, as well as the respective condominium corporation’s declaration, by-laws, and rules.

Your legal team should be able to provide you with support in the following areas:

• Liaising with condominium management teams regarding tenant complaints
• Sending compliance letters to tenants
• Rent collections
• Drafting and sending various legal notices under the RTA
• Preparing for and attending Landlord and Tenant Board hearings
• Judgement enforcement
• Processing and attending evictions

Non Resident Services

Not all landlords live in the Toronto area. In the past, we saw an average of 10% of condo buyers that were international investors. Many are purchasing real estate as a retirement investment or a way to help their children get a foothold on the property ladder.

But the numbers are growing. In fact, the number of foreign investors in the Toronto, Mississauga, Etobicoke and surrounding region’s condo market surged 50 per cent in 2020, with international buyers flocking to newly built units in and immediately outside the downtown core.

But since these international investors are not here to manage their investments, they are relying on a professional and reputable property management company to oversee their investment.

It’s important to connect with a full service property rental management company that has a clear understanding of the complex issues such as taxes and legal hurdles for international investors.

How will your management company handle Non Resident Speculation Taxes? Can they guide you through the rebate options that may be available to you? And can they educate you on the Vacant Home Tax?

The laws are changing frequently for international investors, so make sure you are connected to one that keeps you informed about how these changes affect your investment during their management.

Del Condominium Rentals – Toronto’s Full Service Property Management Experts

Owners are now expanding their investments outside of the immediate downtown Toronto area. Mississauga, Etobicoke, North York, Scarborough, Markham and surrounding areas are becoming just as, if not, more popular hot spots for investors as they seek out new condo developments.

These neighbourhoods are sought out for their wide selection of shopping districts, entertainment districts, accessibility to the downtown core and immediate access to the airport.

If you are looking for a rental property management company in Toronto, or surrounding GTA, Del Condominium Rentals was formed to address the growing needs of property owners.

Since then – Del has cemented itself as the gold standard of what a property management company should look like.

We offer competitive pricing, a large portfolio of units, and full services to support owners to maintain their future investments.

Del Condominium Services offers:

• 24/7 management for your condo
• Comprehensive insurance that can replace your existing home insurance policy
• Competitive pricing on maintenance and repairs
• Access to a large network of renters
• Extensive knowledge about condo rental market
• Complete management of your tenants and their needs
• An experienced legal team that will handle all disputes

If you’d like to learn more about the services that Del Condominium Rentals can offer, please contact us today or reach out directly by calling 416-296-7368. We are more than happy to help.