The best residential property managers in Hamilton 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 Hamilton – or already own an investment property – here are 4 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 Hamilton 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 Hamilton
1. Sana Rentals Inc
A partnership with Sana Rentals is a relationship you can trust continually raising the bar for customer service.
Our goal as a property management company has always been to foster close working relationships with each of our clients.
We respect the many roles and challenges that each condo board member, investor, asset manager and developer may face and we look forward to listening, supporting, and advising them.
Our property management mandate is to ease the burden of making difficult decisions and embrace chaos as a learning opportunity.
We will always provide you with ideas for new and innovative solutions for old problems which are creative and unique to each individual client.
My first rental experience and it was exceptional. Professional and understanding management. Any questions or concerns I had were handled promptly and efficently. Very impressed. Hope my next property management experiences will be similar. Thank you Sana Rentals.
- Address: 55 Bridgette Dr, Hamilton, ON L9A 5J7, Canada
- Website: http://www.sanarentals.ca/
- Phone: +12896399595
2. Royal York Property Management
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.
Very well-structured. An all in one company for a property owner. Choosing a tenant, managing my property, guaranteeing my rent. It's great to know that if you are ringing the company phone number, you are not welcomed by an agent who can barily put two words together, put you have a well trained team who can most probably take care of anything you are requesting.
- Address: 21 King St W 5th Floor, Hamilton, ON L8P 4W7, Canada
- Website: https://royalyorkpropertymanagement.ca
- Phone: +12896781743
3. Optimal Property Management
Optimal Property Management is a rental property management company. Located in Hamilton, Ontario, we assist landlords by managing their rental properties and buildings and promote long term tenant relationships.
Our focus is on maximizing our client’s gross income, reducing vacancies and minimizing operating expenses. Increasing the property net operating income is our primary goal.
At Optimal Property Management we reduce the time and concern involved with rental property ownership by taking over the less than attractive time consuming responsibilities that go with property ownership.
Mark, Nancy and team at Optimal Property Management have been taking care of our 2 rental properties in Hamilton since 2013. They are very good at screening and selecting good tenants, and stay on top of any maintenance, repair, or tenant issues that arise. I highly recommend their services.
- Address: 35 Stone Church Rd #3, Ancaster, ON L9K 1S4, Canada
- Website: http://www.optimalpropertymanagement.ca/
- Phone: +19056486440
4. One Key Property Management
One Key Property Management is a locally based company in the Hamilton area. We help tenants and Landlords find the right match!
We offer many services to help rental property owners and tenants all live enjoyably. We understand that you the owner are sometimes too busy to deal with all the small duties that come with an investment property.
We take care of many aspects of the renting process. Such as finding, tenants, filing of paperwork, co-ordinating contractors, cleaners and handling renovations.
We will advise both landlord and tenants of their rights. We will attend tribunal on your behalf if needed and deal with the LLTB.
Client Reviews
Trisha and her team have been working with me since 2016. Her exceptional ability to find the right tenants for my properties helps make my job as a landlord that much easier. Trisha has always gone above and beyond her role of leasing to make sure that the small details do not get overlooked. The One Key team is extremely professional , reliable and most of all highly experienced in all aspects of property management. I would definitely recommend them.
- Address: 220 Main St W Suite 2-1, Hamilton, ON L8P 1J3, Canada
- Website: http://www.onekeypropertymanagement.com/
- Phone: +16476951539
