Putting your trust in someone to manage your investment property is a major decision. Our owners rely on us to keep their rental property well tenanted, well maintained and financially rewarding.
The services we offer in the management of house/condo rental units are as follows:
Renting the unit(s);
Screening new tenants;
Collecting rents and any arrears;
Monitoring rental rates and putting in rent increases on (i) turnover of tenants and (ii) yearly anniversary dates;
Handling tenant disputes;
Overseeing day-to-day operations;
Reviewing and paying from the owner’s trust account all expenses relating to the operation of the unit(s);
Obtaining quotes and overseeing workmanship on all repairs required;
Doing a detailed inspection of the property on a semi-annual basis;
Monitoring closely the incoming and outgoing inspection process. It is very important that damage other than normal wear and tear be charged to the tenant’s security deposit rather than incurred by the owner;
Preparing monthly operating statements. The monthly operating statement will be prepared and forwarded by the 15th of the following month;
Forwarding the net monthly cash flow of the property by the 15th of the following month;
Preparing year end accounting statements for inclusion in your income tax return (if requested);
All other functions as required.
Putting your home or condo in Devon’s hands is the right decision. Our hands on approach gives home owners peace of mind and is financially rewarding.