Purchasing a rental property can be a lucrative and rewarding investment. Whether you’re a first-time landlord or you already own a number of properties, you will need to decide whether you want to manage the property yourself or find the best property management company in Toronto that will take care of the property and its tenants for you.

Being a good landlord can easily become a full-time job involving round-the-clock availability. That’s why most new landlords choose to hire a professional property manager. We’ve compiled five excellent reasons why opting to use our professional management company will save you time, hassle, and money in the long run.

1. We Find High-Quality Tenants

As a landlord, you will find yourself saddled with a variety of time-consuming tasks, the first of which is to find suitable tenants to lease a condo in your property. Finding reliable tenants that you trust to rent your condo can take several weeks. And regardless of how discerning you may be, there is always the chance that the tenants you choose will miss rent due dates or damage the property.

If you make use of our property management services, you will no longer be responsible for finding good quality tenants. We market your property on our website, and all interested parties go through our rigorous tenant screening process to ensure your property is filled quickly and by reliable individuals.

2. Ensure All Legal Requirements Are Met

There are many legal rules that all landlords are required to follow. These include laws relating to tenant rights and condo building bylaws. If you choose to take care of the condo by yourself, you may run into trouble when you attempt to obtain business licenses or evict troublesome tenants. In the best-case scenario, you find the legalities time-consuming, and in the worst-case scenario, you may find yourself with hefty fines to pay.

Avoid the stress and hassle of dealing with the myriad of landlord legalities by choosing a reliable property management company. A team of professionals will deal with any legal requirements you will need, so you can rest easy knowing your property is following all of the necessary rules and regulations as laid out in the Residential Tenancies Act.

3. Receive Round the Clock Professional Maintenance for Your Tenants

The hassle of managing your own property doesn’t stop when you find your perfect tenants. Landlords are responsible for general maintenance and repairs of the property. While this may sound manageable, you would be amazed by how often emergencies arise in the middle of the night or when you’re jetting off on vacation.

Finding reliable, qualified repair companies can also prove to be a difficult and cumbersome task. Our property management company will deal with your tenants’ maintenance issues directly, so you won’t have to waste your precious weekend hours looking for a decent repairman.

Plus, we have established some excellent relationships with reliable companies that offer preferred rates on a range of services, so it’s likely you will save money as well as time when it comes to maintenance and repairs.

4. Increase Your Property’s Equity Value

Using an external property management company can increase your property’s value over time. Because a property management company has the resources and expertise to assess and repair your property according to modern quality standards, your property’s value will rise each year.

We also have the knowledge to advise you in areas of your property that should be upgraded. Many condos lose their value over time because of their outdated kitchens or bathrooms. Our experts know exactly which fittings and cabinets will help your property regain a foothold in the market.

Finally, with our excellent tenant screening process, your condo will remain in excellent condition for the entirety of their tenancy.

5. Highly-Competitive Rates

If you are still hesitant about choosing a property management company because of concerns about fees, you won’t need to worry about Del Condominium Rentals. Our highly competitive commission rate of just 6% means you will take home a significant portion of your tenants’ monthly rent.

About Del Condominium Rentals – Toronto’s Best Property Management Company

Managing your own condominium is a time-consuming and strenuous undertaking. That’s why we recommend enlisting the help of full-time professionals that will help to lighten the load. With a reliable property management company, you won’t have to worry about marketing your property, screening tenants, providing timely repairs, or maintaining the property’s value.

Del Condominium Rentals is one of the best property management companies in Toronto. With our highly qualified team of property managers, your property and its tenants will be in excellent hands 24 hours a day, seven days a week, while you will be free from all burdensome landlord duties and worries.

For more information about our services, please do not hesitate to contact us. You can connect with one of our agents by calling 647-952-3644 or emailing us at sales@delrentals.com.

Are You Interested in Working With Del Condominium Rentals?
Do you have a high-rise condominium rental in Toronto that you would like to create passive income generator? Contact DelRentals today.