Property Management for rental condo Vaughan
Looking for recommendation for Property Management for my rental condo in Vaughan.
Usually what is the ratio on monthly rental?
Usually what is the ratio on monthly rental?
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Property Management for rental condo Vaughan
- Last Updated:
- Jul 6th, 2021 12:19 pm
Tags:
- SCORE
- teoconca [OP]
- Deal Guru
-
- Oct 16, 2008
- 10506 posts
- 4752 upvotes
- Maple
9 replies
- kenchau
- Deal Guru
- Apr 11, 2006
- 11775 posts
- 6081 upvotes
- Vaughan
Does the condo building not have property management on-site?
Why do you feel the need for a property manager for your own specific unit? What do you anticipate they would do, that you as the owner renting it out, can't take care of. Seems to be additional expenses off your margin for no reason.
- teoconca [OP]
- Deal Guru
-
- Oct 16, 2008
- 10506 posts
- 4752 upvotes
- Maple
The condo building is new and it has its PM. I am the owner of the unit, just looking to rent out, may be I worded wrongly, I am looking for recommendations on someone look to find tenant, check for rent history, collect rent. Basically property manager.kenchau wrote: ↑ Does the condo building not have property management on-site?
Why do you feel the need for a property manager for your own specific unit? What do you anticipate they would do, that you as the owner renting it out, can't take care of. Seems to be additional expenses off your margin for no reason.
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- moofur
- Deal Addict
- Jan 9, 2010
- 2619 posts
- 2384 upvotes
I use Dash Property Management and I find them good. I think fees are 6% but can be negotiated to $95 flat if you have multiple properties.
I find it worthwhile since I have multiple properties and the amount is tax deductible. I find that tenants are less likely to screw around if they're dealing with a PM company who knows what they're doing, and it's worth it to not have to deal with headaches and calls from the tenant from time to time. Everyone's values and priorities are different though.
I find it worthwhile since I have multiple properties and the amount is tax deductible. I find that tenants are less likely to screw around if they're dealing with a PM company who knows what they're doing, and it's worth it to not have to deal with headaches and calls from the tenant from time to time. Everyone's values and priorities are different though.
- casanova2001
- Member
- Mar 29, 2016
- 209 posts
- 183 upvotes
- Toronto
+1 Dash property management
Give a call to Savannah
SAVANNAH WENG | DASH PROPERTY MANAGEMENT INC. | CLIENT RELATIONS
1170 Bay St. Suite 110 Toronto, ON M5S 2B4
T: 416.222.6175 ext. 2024 |F: 416.946.1882 | dashpm.ca
Give a call to Savannah
SAVANNAH WENG | DASH PROPERTY MANAGEMENT INC. | CLIENT RELATIONS
1170 Bay St. Suite 110 Toronto, ON M5S 2B4
T: 416.222.6175 ext. 2024 |F: 416.946.1882 | dashpm.ca
- moofur
- Deal Addict
- Jan 9, 2010
- 2619 posts
- 2384 upvotes
100%. Savannah is great.casanova2001 wrote: ↑ +1 Dash property management
Give a call to Savannah
SAVANNAH WENG | DASH PROPERTY MANAGEMENT INC. | CLIENT RELATIONS
1170 Bay St. Suite 110 Toronto, ON M5S 2B4
T: 416.222.6175 ext. 2024 |F: 416.946.1882 | dashpm.ca
- kenchau
- Deal Guru
- Apr 11, 2006
- 11775 posts
- 6081 upvotes
- Vaughan
Ah, I understand now. That makes sense then.
- DividendEclipseblog
- Newbie
- Jul 6, 2014
- 32 posts
- 12 upvotes
- Toronto, ON
Buttonwood Property Management has a promo where finding a tenant is free if they don't need to post on MLS and management is 6% of rental per month.
- barkwark
- Newbie
- Sep 5, 2019
- 40 posts
- 68 upvotes
Thanks for the info. How do they find you a tenant at the market rate without posting on MLS?DividendEclipseblog wrote: ↑ Buttonwood Property Management has a promo where finding a tenant is free if they don't need to post on MLS and management is 6% of rental per month.
- ambrokeyo
- Jr. Member
- Oct 10, 2020
- 115 posts
- 73 upvotes
do you mind speaking more about your experience dealing with a PM company? How involved are you if/when issues arise at any of your places? I am guessing the tenant pays the PM who then pays you after their 6% fee? And things like dealing with LTB would still go through you or the PM company ?moofur wrote: ↑ I use Dash Property Management and I find them good. I think fees are 6% but can be negotiated to $95 flat if you have multiple properties.
I find it worthwhile since I have multiple properties and the amount is tax deductible. I find that tenants are less likely to screw around if they're dealing with a PM company who knows what they're doing, and it's worth it to not have to deal with headaches and calls from the tenant from time to time. Everyone's values and priorities are different though.