The best residential property managers in Ottawa 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 Ottawa – 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 Ottawa 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.
1. Ottawa VIP Property Management
We have over 20+ years of combined experience in property management, we own as well properties and manage them, and therefore know what it’s like to be a homeowner.
Our in-depth background screening makes it very difficult for “bad” tenants to pass our process, because we treat them extremely well our tenants, generally resulting in longer stay/leases with us under our management.
We have tried a few property managements company in the past as we had may issues with them in the past, But since we found Ottawa VIP Property Management, they have been managing my properties since 2014, we never ever experienced any issues with our tenants and with Ottawa VIP. They are extremely meticulous with their tenant selection, periodic inspections and work. The only regret, is not having found them sooner. I would highly recommend them
- Address: Dunham St, Ottawa, ON K1L 7L7, Canada
- Website: https://www.ovippm.com/
- Phone: +16137010639
2. Real Property Management Specialists Inc.
Real Property Management is the largest residential property management company in North America, managing tens of thousands of properties for individuals, investors and institutions throughout the continent.
For the past 30 years, we have refined and streamlined the business of property management for the benefit of our clients.
Real Property Management Specialists are AMAZING! Crystal + Fady are always available + helpful. Whenever there was even the smallest issue they took care of it ...quickly. We have never had to wait for a reply. I would highly recommend this company - they are great!
- Address: 440 Laurier Ave W Suite 200, Ottawa, ON K1R 7X6, Canada
- Website: http://rpmspecialists.ca/
- Phone: +16139096151
3. Linkus Property Management
At Linkus Property Management We Are Committed To Providing Our Clients With The Highest Level Of Service. We've Helped Countless Owners Get The Most Out Of Their Properties.
Our mission is to meet the needs Of Our Clients By Providing Excellent Service Through Honesty, Integrity And Transparency While Keeping Rates Affordable.
I’ve recommended Linkus to so many of my family and friends, they are professional and always have the time to meet to offer investment advice. I was able to make more money with them than I did when I was managing my properties myself which was unexpected but most welcomed.
- Address: 233 Laurier Ave. E, Ottawa, ON K1N 6P1, Canada
- Website: https://www.linkusmanagement.com/
- Phone: +16138503035
4. Royal York Property Management - Ottawa
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.
Everyone at Royal York Properties have been extremely helpful and professional. I would recommend any of my friends to do business with them. They have taken care of all my needs.
- Address: 116 Albert Street Suite 200 and 300, Ottawa, ON K1P 5G3, Canada
- Website: https://royalyorkpropertymanagement.ca/ottawa-owners/
- Phone: +16136908374