10 Reasons to Engage a Rental Property Management Company

February 10, 2020

If you’ve ever owned an income property for any length of time, you know that it can be financially rewarding. You may also have realized that quality rental property management is key to the success of your property, as running a rental property requires a large commitment of time and effort.

While it may make sense to take the do-it-yourself approach if you’re a handy person, live close to your property, and don’t mind devoting several hours per month to the task, in many cases this just isn’t practical – especially if you hope to expand your business. With this in mind, the following are some critical tasks ACCL Property Management can help you with:

Benefits of rental property management

Setting the right rental rates: ACCL will conduct a thorough market study in order to set a rental price for your property, ensuring that you achieve the perfect balance between maximizing monthly income and maintaining a low vacancy rate.

Collecting and depositing monthly rent payments on time: ACCL has efficient, tried-and-true systems in place to effectively collect rent and maintain on-time payments. You will find this particularly important if you have a limited number of properties and collecting payments on time is crucial to maintaining your cash flow.

Marketing and advertising your property: Using our extensive experience, ACCL will know exactly where to market your property and how to craft compelling advertising materials—a significant advantage when it comes to filling your properties quickly and avoiding long vacancies.

Finding the right tenants: Our experienced property managers are experts at finding good tenants, and will take care of all the details, including securing all criminal background and security checks, running credit reports, verifying employment, and collecting previous landlord references.

Managing tenants: In addition to finding good tenants, ACCL will manage all aspects of the tenant-landlord relationship. Our property managers will handle both routine and emergency maintenance, take care of routine inspections, and manage any situations where conflict resolution is required.

Managing vendor relationships: As experts in the industry, we have relationships with maintenance workers, tradesmen, contractors, suppliers, and vendors that it’s almost impossible for an independent landlord to duplicate. Not only will your property manager get you the best work for the best price, but they’ll also oversee any necessary maintenance projects.

Ensuring that you’re in compliance with housing regulations and property laws: There is a multitude of applicable laws and regulations to abide by when renting and maintaining your rental property. Our residential and apartment rental property managers can help you avoid lawsuits by keeping your property up-to-date and in compliance with these regulations.

Maximizing the profitability of your time: By having one of our property managers take care of the day-to-day aspects of running your income property, you’re free to spend your time identifying further investment opportunities, spending quality time with family, or doing whatever you wish.

Maximizing the profitability of your money: Most property managers charge a percentage of your property’s monthly rental rate in exchange for their services. This fee is minimal in comparison to the savings you will collect from hiring a professional who can take care of the above critical items for you!

Contact ACCL to find out how our rental property management services in the Greater Toronto Area can benefit you.

This is not negotiable as it helps to protect the landlord if there are any damages to the property at the end of the tenancy.

5 Things to Consider Before Purchasing a Rental Property

December 21, 2022
Expert Advise From Your Trusted Property Management Team

Get Your Property Rental Ready for Winter

December 7, 2022
It is important for landlords and property managers to take the required steps to ensure that their rental properties are ready for the winter months. You will want to be proactive with inspecting the plumbing, roof and landscape before the cold winter temperatures and winds set in. Doing this will guarantee that you will save money on damages that may occur if these areas are neglected.

Avoid These Property Management Blunders

May 15, 2021
If you want to earn as much as you can on your investment properties, it’s worthwhile to use the best property management team you can. If you encounter any of the mistakes below in the management of your portfolio, you may want to switch to a different management firm.

9 Maintenance Tips For Your Rental Properties

May 1, 2021
If you own rental properties in Oshawa or Durham Region, it’s crucial to maintain good relations with your tenants. One way to do this is by hiring a quality property management company to handle the upkeep. Are you looking for advice on how to maintain your rental properties in Durham? Look no further. Below are nine critical tips to protect your investment and keep your renters happy.

Tenant Screening: How Landlords Can Effectively Screen Tenants

April 15, 2021
Screening tenants is one of the most important tasks landlords are responsible for. Applications come in by the dozens for every apartment and it’s their job to sort through them, run the appropriate checks, hold interviews, and determine who will live in your properties. As a result of this constant work, most landlords have a clear sense of what red flags they need to look out for when reviewing applications, but it’s important to realize that not all problems are equal and that individuals with “red flags” on their records may not be bad tenants.

How to Build an Emergency Fund

April 1, 2021
1. Organize Your Bank Accounts

What is an Emergency Fund?

March 15, 2021
For the landlords and real estate investors, ROI and cash flow are everything. You’re constantly on the lookout for ways to make your rental properties more profitable, which means maximizing the upside and counteracting the downside so that it doesn’t come back to bite you. And even though there are no bulletproof methods of downside protection, there is one method that can significantly lessen your chances of experiencing a financial catastrophe. It’s called an emergency fund.

5 Tips for Finding a Good Contractor

March 1, 2021
Find a good contractor who gets the quality work on time is never an easy task. As you search for a contractor to work on your property, here are some tips and tactics you can leverage to filter out the bad apples and find the right fit for your project.

7 Techniques For Rent Collection

February 15, 2021
5 Techniques Successful Landlords Use For Rent Collection

4 Ways Landlords Waste Money

February 1, 2021
As a landlord, you’re in the game of generating cash on your cash. In other words, you’re in the ROI business. But are you really doing everything you can to set yourself up for maximum returns? This a question that you need to analyze through a critical lens. You might consider yourself a fairly savvy person when it comes to finances and investing. (After all, you’re wise enough to invest in an income producing property.) But it’s entirely possible that you’re bleeding money in areas where you could be doing better.