Managing residential properties can be both rewarding and challenging. If you’re a property owner in Calgary or Edmonton, you may be considering hiring a property management company to take the hassle out of managing your investment. But what exactly do property management fees cover? Let’s break it down.
We believe in providing transparent and competitive pricing for our property management services. Here’s what our fees include:
1. Tenant Placement Fee: $495 - This one-time fee covers all activities involved in finding and placing a tenant, including:
One of the most critical aspects of property management is finding the right tenants. We conduct a thorough screening process to ensure reliable tenants who will pay rent on time and take care of the property. This process typically includes:
Thorough tenant screening reduces the risk of late payments, property damage, and eviction proceedings, saving you time and money in the long run.
2. Management Fee: 10% of the Gross Monthly Rent - This monthly fee ensures your property is managed efficiently and includes the services outlined below.
Rent Collection
Efficient rent collection is a cornerstone of property management services. We handle:
This ensures that rent is collected consistently, providing a steady cash flow for property owners.
Maintenance Coordination
Property maintenance can be a major headache for owners, especially when emergency repairs arise. We take care of:
Having a dedicated team ensures that your property remains in excellent condition and that tenant issues are resolved promptly.
Financial Reporting
Transparency is key when it comes to managing your investment. We provide detailed financial reports, which typically include:
These reports give you a clear picture of your property’s performance and help with financial planning.
Lease Management
Managing lease agreements is another service included in our property management fees. This involves:
Proper lease management ensures that your property is protected and that all parties understand their responsibilities.
Legal Compliance
Navigating the legal landscape of property management can be daunting. We stay up-to-date with local, provincial, and federal regulations to ensure compliance in areas such as:
By staying compliant, property owners avoid costly legal issues.
What Does This Mean for You?
Hiring a property management company provides peace of mind, knowing that your property is being handled professionally. From finding the right tenants to ensuring consistent rental income, the services included in property management fees cover every aspect of managing a residential property.
If you’re looking for a property management company in Calgary or Edmonton, we’d be happy to discuss how our services can meet your needs. Contact us today to learn more
