Property management companies are all across the GTHA. A quick Google search will pull up more than a dozen servicing landlords across Ontario. The key is finding the right one to fit your business objectives and portfolio (or property) size. 

Below are key tips to help you identify good ones: 

1. Delivery of rent collection reports and N4’s 
2. Transparency on R&M expenses 
3. Effective and frequent communication with landlord – whether that’s daily, weekly, monthly as set by landlord preferences 
4. Extensive knowledge of dealings with the Landlord Tenant Board 
5. Solid relationships with real estate focused paralegals 
6. Proximity to your property
7. Adequate staff on the ground – handymen, superintendents, property managers etc. 

While management fees vary from 3% to upwards of 8-9% the best indicator is finding one that fits your objectives, even if that means paying a bit more for their services. A good management company will relieve the landlord of midnight emergency calls and texts, tenant complaints, non payment issues etc which make them a valuable player as you work to grow your real estate portfolio.