Our Price Match Guarantee Rent Guarantee And Commitment To Low Fees Lead To Better Returns On Your Investment
Property management and rental services that are easy to understand and affordable to all investors in the Greater Toronto Area.
We Price Match Guarantee
Although our services are head and shoulders above industry standard and our stellar reviews reflect that. We believe in price matching for qualified properties to put our best foot forward in starting our relationship. Our goal is to be your property manager for years to come and not have you searching for other property management services ever again!
Rent Guarantee Program
Get paid rent on-time every month even if the tenant defaults on rental payment. That’s property management at it’s best!
Our Commitment to Low Fees
Our value proposition combines quality services and low feesleading to greater investment returns over time.
Real Estate Investment Trust
Real Estate Investment Trusts are publicly traded or privately held businesses that make investments in a variety of real estate investments. These investments may include the following:
- Commercial real estate.
- Special-use buildings like data centers.
- Cold storage amenities.
- Build-To-Rent divisions.
Mutual funds and REITs are quite similar. However, REITs allow you to build numerous commercial assets rather than allowing you to have a portion of many equities. Once you acquire this technique, it genuinely becomes passive.
At least 90% of REITs income must be distributed to shareholders. It may be useful to expand a portfolio of investments to make money from real estate without owning any real estate.
How Much Do Property Management Companies Charge
Property management companies typically charge a percentage of your monthly or annual rent for their services. Often, there will be some hidden or additional fees for specific services rendered, but many property managers and management companies do not readily disclose these fees. As one of the best value property management company options in Toronto, we are proud to offer competitive rates and no hidden fees. We charge 6% of the rent as our monthly management fee, with a maximum cap of $190 for condos and $230 for houses. We have no minimum fee requirement. Most of our comprehensive services are included in that price, but we do have an additional fee for our seasonal inspections and tenant placement as applicable. To compare our fees to the top rental property management competitors in the area.
Also Check: Aiv Apartment Investment And Management
How Much Does It Cost To Work With A Property Manager
The cost of working with a property manager or management company varies by the particular company and location. The average cost is usually between 6% – 12% of the propertys overall monthly rental income, according to Mynd Property Management.
Besides a percentage-based management fee, you might also pay the following costs to work with a property manager:
Bad credit? Rocket HomesSM can help.
Create a Rocket Account to check your credit and learn how to improve your score.
What Is Property Management
- Find tenants.Property managers may take care of advertising and showing rental properties, screening applicants and doing background checks, and providing the necessary lease paperwork and tenant rules and regulations.
- Prepare rental units.Property management companies either employ or sub-contract various tradesmen to get rental units ready for new tenants. Carpenters, HVAC techs, painters, etc. will work to get apartments or houses ready to rent.
- Collect rent.Property managers are often responsible for rent collection and the associated accounting and banking. They will also typically handle late notices and start eviction proceedingsif necessary.
- Handle maintenance requests.Tenants are usually instructed to contact the property manager during emergencies or when repairs are needed. As with preparing units for new tenants, the company will provide the appropriate worker to take care of the problem.
- Upkeep and maintenance.The property manager takes care of the exterior of the building as well as any public spaces such as a pool, laundry room, hallways, or workout space. They will mow grass, shovel snow, and sweep on a regular basis.
Don’t Miss: How To Invest In A Company Before Ipo
A Guide To Real Estate Asset Management
Real estate asset management is essential to be successful in the real estate industry. Most real estate investors do at least a minimal amount of asset management themselves, but larger entities and experienced investors may enlist an asset manager to handle their investment portfolios. Essentially, real estate asset management is both a skill set and a career.
What exactly is real estate asset management, and what does a real estate asset manager do? Heres a comprehensive guide.
Collects And Deposits Rent
Property managers also collect and deposit rent as a part of their duties for the properties they oversee. Some property managers and property management companies will collect rent using online sites or payment apps to help get money to the property owner quicker.
Property managers may also handle delinquent payments, collections and evictions. Working with a property manager ensures that these tasks that might be difficult for investors to handle from afar are dealt with efficiently to save owners money and time.
Recommended Reading: Financial Analysis For Commercial Investment Real Estate
The Property Management Company Toronto Investors Trust
At Buttonwood Property Management Inc., we offer specialized property management services in Toronto to real estate investors like you.
As a family-owned business helping investors in the GTA, we have a deep understanding of the key factors required for successful property management. Our personal touch ensures that we will take care of your property as if it were our own.
Properly managing your real estate investment is one of the most important factors in maintaining property value and securing your investment over time.
We are able to help you with residential property management, residential property rental, and commercial and rental property management. We offer buy/sell services through our sister company when it comes time for you to find your next investment property or you want to sell a tenanted property or downsize.
Rest assure that Buttonwood is the property management company youve been searching for! We are proud to be one of the Best Rated Property Management Companies Toronto has to offer.
We Can Handle Clients Big And Small No Limitations
At Huntahome we pride ourselves on working with a large platform at the local level. By this we mean that our business model has been structured to take on clients and properties of all sizes. We have found that the trick to success at any level is to think like an owner and be up-to-date on the different markets involved with property investment.
We welcome a variety of investors to put their trust in our expertise. Some of the investors we serve include:
Also Check: Investing In The Stock Market Vs Real Estate
Do I Need A Property Management Firm
There are plenty of investors who fully support using a property management company. However, there is no rule stating that anyone needs a property manager. Therefore, plan on hiring a property manager if:
-
You plan on acquiring multiple rental properties. The more rental properties one has in a portfolio, the more necessary property management firms are.
-
You are not within close proximity of your asset. If the rental property is far from where you live, its a good idea to hire a manager who can keep better tabs on it.
-
You dont want to actively manage the property. If you view the property as a source of passive income, youll need a property manager to take care of routine maintenance and daily operations.
-
You can afford the added cost. Property managers will charge a percentage of the rental fee, which is well worth it. The same fee can rid landlords of a lot of headaches and free up a lot of their time to invest in other places.
Is An Investment Property Manager Worth It
Many property investors find that hiring an investment property manager is worth the cost. First and foremost, some investors simply dont want to be a landlord. Dealing with tenants and maintenance issues successfully requires specific skills and character traits. Many investors would also argue that the day-to-day responsibilities of property management would prevent them from pursuing new business ventures.
Aside from these two main points of consideration, property managers can add value to your business in a variety of ways:
Read Also: Are Gold And Silver Coins A Good Investment
What Does An Investment Property Management Company Do
The cost of investment property management is a major consideration, but your investment can pay off in various ways. A great property management company can easily provide a greater return on the cost. Here are some of the merits of hiring an investment property management company:
-
Property managers will collect rent from tenants.
-
Property managers will listen and respond to maintenance requests..
-
Property managers can deal with tenants that are behind in rent.
-
Property managers will market upcoming vacancies and fill them as quickly as possible.
-
Property managers will keep detailed records of everything happening at the property.
Visualize Every Property In One Application
Create interactive applications and analyses that bring together all relevant data about your properties into one place. Combine hyperlocal data from Esri with your own property-specific data to build interactive maps, dashboards, and infographics that make property-level insights available to every stakeholder and manager.
Also Check: How To Invest In Turkey Stock Market
Who Should Consider Self
Not every investor should self-manage their investment properties. Sometimes its an issue of skills and personality, and other times you may simply dislike being a landlord and would rather be doing something else entirely. More importantly, self-managing is time-consuming, and you need to consider the resulting opportunity costs.
Here are some reflective questions to help you decide whether you should consider self-managing investment properties:
Using Real Estate As An Investment Asset
There are several different types of investment properties, including:
-
Vacation rental
An investment property is really not so different than a stock or bond. You buy at a certain price with the expectation that you can sell for a higher price in the future.
However, real estate is a more complicated type of investment than your standard security. Real estate typically requires more time, effort, and patience.
For example, when you buy a stock, theres little work you have to do after the initial purchase. Sure, you might watch the stock market and decide when its time to buy or sell, or maybe youll even participate in shareholder voting. But your stocks value probably wont be affected by lousy tenants, vacancies, or poor market growth. The real estate market has many nuances that, if improperly managed, can detract from the investors profits or even cause a loss of profit.
Investors who buy stocks or bonds seek either short-term profitsthrough dividends or penny stocking, or long-term profitsthrough appreciation and sale. Theres a similar dynamic in real estate investing.
Real estate investors seeking short-term profits might look for opportunities to buy rental properties or fix-and-flips. Real estate asset management would focus more heavily on reducing operational costs and increasing rental profits in this instance. Keep in mind that short-term is always relative when it comes to real estate.
Don’t Miss: How To Invest In A Roth Ira Account
What Are The Duties And Responsibilities Of A Property Management Company
The duties and responsibilities of any property management company you hire will depend on your customized agreement. Generally speaking, however, property management companies and their teams of staff are responsible for the following:
- Maintaining cash flow budgets and bookkeeping
- Collecting rent and sending out late notices as needed
- Communicating with tenants about ongoing maintenance requests or tenant issues
- Filling vacancies with new tenants
- Signing and renewing leases
- Scheduling regular property repairs, maintenance, and inspections
- Coordinating services such as cleaning
- Overseeing the financial success of the investment properties
When you begin your search for the perfect property management team, make a list of the duties you are looking to have fulfilled. This will help you choose the best management company near you to get the job done right.
How To Invest In Real Estate: 5 Ways To Get Started
Many or all of the products featured here are from our partners who compensate us. This may influence which products we write about and where and how the product appears on a page. However, this does not influence our evaluations. Our opinions are our own. Here is a list ofour partnersandhere’s how we make money.
The investing information provided on this page is for educational purposes only. NerdWallet does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.
-
There are ways to invest in real estate without owning physical property, including REITs and real estate platforms.
-
REITs are securities you purchase through a brokerage account, similar to investing in mutual funds.
-
Online real estate platforms connect investors to real estate projects.
-
Investing in real estate directly can be more lucrative, but it requires more time and often more cash flow.
If youve ever had a landlord, you probably don’t dream of being one: Fielding calls about oversize bugs and overflowing toilets doesnt seem like the most glamorous job.
The trouble is that many new investors dont know where or how to invest in real estate. Here are some of the best ways to make money in real estate, ranging from low maintenance to high.
Recommended Reading: City Of London Investment Management
What Does Investment Property Management Cost
The cost of investment property management remains the primary concern for those sitting on the fence.
Although property management fees vary, the industry standard is in the ballpark of 10 percent of collected rent. Anywhere between 8 and 12 percent isnt out of the question, and often depends on the quality of services provided.
For some investors, forking over 10 percent of their rental income may simply be out of the question. For others, paying a fraction of their rental income is well worth it. Otherwise, theyd have the opportunity cost of the other income-producing activities they could pursue in their free time.
How An Asset Manager Chooses Investments
Asset managers often choose investments based on their specific area of expertise. Many asset managers specialize in a specific region or locality. Managers also focus on certain property types such as retail, office, industrial, or single-family and multifamily residential properties. The purpose of these specialization is to help asset managers decide which investments to take on quickly and efficiently.
That being said, asset managers still value a certain degree of diversification in portfolios. These professionals are often experts at the fundamentals of real estate analysis. These skills allow them to choose the best mix of commercial or residential properties, and the best markets to get involved in.
In larger real estate management firms, asset managers are more formally divided into certain specialities. In these cases, asset managers are typically able to work with an acquisition specialist when choosing investments. Specialists are more qualified to analyze investment types and can provide an asset manager with a more comprehensive overview of the potential investment value.
Also Check: Is Fisher Investments Worth The Money
Hiring An Investment Property Manager
Hiring an investment property manager is a task that mustnt be taken lightly. At the very least, you get what you pay for. As I already mentioned, investment property managers will request anywhere from 8 to 12 percent of the rental cost, but their fee may not represent how good they are. Its entirely possible for an inadequate property manager to overcharge and for a great one to undercharge. That said, the only way to know if you are hiring the right one for your business is to mind due diligence. Dont simply base your decision on the average property management fees dig a little deeper and find one that meets your specific criteria.
First and foremost, identify what you want the most out of a property manager. What is it you need your manager to do? Compile a list of needs and wants, and use them to pick the right company to represent your property. Next, vet them accordingly. Can they do what they promise? Get testimonials and talk to current clients of theirs to get a better idea of their satisfaction.
Third: What Are The Types Of Investment Management
There are two types of investment management in real estate: property management and asset management. Although they might sound similar, they are two completely different professions.
Property management has to do with the day-to-day property operations. In other words, the areas of responsibility in property management are the following:
Related: Professional Property Management: Yes or No? Why or Why Not?
On the other hand, asset management focuses on the financial aspect of the investment property. It actually aims to maximize the return on investment for the property in addition to its value. Therefore, an asset managers tasks include the following:
- Preparing long term financial plans and forecasts.
- Managing the cash flow of the investment property.
- Minimizing costs while maximizing the return on investment for the property.
- Making decisions on how to increase the value of the investment property.
- Engaging in negotiations with other parties.
- Preparing lease agreements with good conditions in order to attract tenants.
- Providing the investor with monthly, quarterly, and annual reports on the investment property.
Of course, these are only some of the tasks that asset managers do, all in order to serve the investors best interest.
Related: Why Positive Cash Flow Properties Are So Important for Investors
Don’t Miss: What Is Alternative Investment Management
