The best residential property managers in Brampton take care of day-to-day details such as rent collection, tenant communication, and repairs so that investors can focus on the big picture.
If you’re thinking about investing in a single-family rental home in Brampton – or already own an investment property – here are 3 great management companies to consider.
Why Do you Need a Property Management Company?
If you have purchased an investment property and are planning to rent it for commercial or residential purposes, you might want to consider a property manager.
If you're a first-time investor, you may not realize how time-consuming effectively managing that property is and get overwhelmed in no time at all.
Even if you're a veteran investor, you may think you have enough experience to forgo the expense and manage things on your own, only to find out you're completely in over your head.
Both of these scenarios are fairly common, and a property manager can help you with the operations of your property.
Can a property manager help me avoid bad tenants?
Typically bad tenants will target owner-managed rentals because they can't pass muster with property managers.
They know that when a property is for rent by the owner the rent will be less and there will be less scrutiny of their financial situation.
Because bad tenants can't be evicted without notice and an eviction can take months and cost you money, property managers will track references and do their utmost to avoid potential bad tenants and associated eviction problems.
How Brampton Property Management Fees Work
Property management companies generally structure their fees in two main ways, as a percentage of the rent collected or a flat monthly fee:
Percentage of Monthly Rent
Most property management companies charge a monthly fee of between 8% – and 12% of the monthly rent collected. If the rent on your home is $1,200 per month the property management fee would be $120 based on an average fee of 10%.
Fixed Property Management Fee
Some property management companies offer a fixed fee structure in lieu of collecting a fee based on the percentage of a month’s rent. Normally the fixed fee is based on the property type, square footage, and the property management services provided.
Here are the best Property Management Companies in Brampton
1. Quintin Property Management & Real Estate Services
Quintin Property Management & Property Renovations Offers property management services that match the right tenants with the right properties, we work to ensure that tenants and owners can both benefit from excellent business relationships throughout the entirety of their association.
QPM is the best property management company I've dealt with in the GTA. Brian is responsive, and takes action quickly. I would highly recommend his services.
2. Royal York Property Management - Brampton
At Royal York Property Management, we pride ourselves on treating our clients' investment properties as if they were our own.
Whether it is dealing with a maintenance issue or conducting a showing for a tenant we constantly ask ourselves if this is how we would do it for our own properties.
Putting the needs of our clients and our tenants front and centre is what we aim to achieve each and every day.
I dont usually write reviews unless I am actually impressed... The whole process of placing a tenant in my property was so smooth and I got very good offers with amazing credit scores. I wanted to prove everything was legitimate because it seemed too good to be true but they did send me copies of all tenant documents as I requested. Additionally, Olger was so nice to me and walked me through all offers. -
3. BluHouse Property Management Inc.
BluHouse is a family-owned Property Management company specializing in real estate investing, and property management.
With a focus on Residential Properties of all types, we service the Greater Toronto (GTA) and surrounding areas. We pride ourselves in providing exceptional service by managing all your real estate needs.
From budgeting to tenant placement and maintenance. Let us help you maximize your financial freedom
This was my first time working with a property management company and I wish I had done it sooner because BluHouse made being a landlord so much easier. They took care of all of the showings, screenings, and interviews, and found me high-quality, long-term tenants. They were professional, knowledgeable, and a pleasure to work with the whole way through. Thank you BluHouse!