A good PM can save you money and reduces stress by:
· Lowering maintenance and repair costsProperty maintenance is probably the most time consuming and expensive part of being a homeowner. The property manager provides periodic inspections of the various parts of the grounds to make sure that everything is in working order. Additionally, any work required is followed up to ensure swift completion.
Good maintenance and repairs keep tenants happy and preserve the value of your investment. By hiring a PM like me, you gain access to my network of licensed, bonded and insured contractors who have already been vetted for good pricing and quality work over 30 years of living in the area. This can translate into significant savings compared to hiring a contractor or handyman yourself. I understand maintenance and construction issues to be able to supervise work so it is done on time and on or under budget.
· Increasing the value of your investmentPreventative maintenance is achieved through putting systems in place that catch and deal with maintenance and repair issues early on, before they grow into larger more costly problems or worse, develop into safety concerns. This requires a written maintenance check program, detailed maintenance documentation and regular maintenance visits. I can provide you with suggestions and feedback on upgrades and modifications if needed and their impact on rentability, maintenance and insurance.
How much does it cost to hire a property manager?
As a baseline, most residential property management firms charge between 8 – 12% of the monthly rental value of the property, plus expenses. If there is no rental income, this rate can be roughly calculated by what the home would be worth as a rental in the area.
I am flexible for fee agreements. I charge $35 per hour spent on tasks associated with the property management agreement. (client communications, tenants/house-sitters, contractors, travel time, inspection time, and assistance with home access and security).
I can also charge a flat fee of $50 per home visit to undertake inspections of the interior and exterior of a home or business or other functions required by the landlord. Other tasks to ensure peace of mind for the client may include things like watering plants, caring for pets, adjusting house temperature and humidity levels, and generally ensuring basic home services and infrastructure are in good working order.
I look forward to working with you in all your property management and peace of mind solutions.
– Andre Lalonde
http://wakefieldpropertymanagementsolutions.blogspot.com (for testimonials)
566 Riverside Drive
Top 10 Reasons to Hire A Local Residential Property Manager:
1. Local Knowledge of Tenants or House-sitters: provides you with in-depth knowledge of the neighborhood values.
2. Marketing Expertise: Rental listing network minimize vacancies and maximize advertising exposure if rental income is the goal.
3. Tenant Screening: Renter or house-sitting pre-screening, background (financial and criminal) checks, and recommended selection.
4. Property Law and Regulations: Up-to-date knowledge of Regie de Logement property laws and regulations, making sure you are in compliance with Quebec and LaPeche municipal rules and regulations (this includes free rental also). Knowledge of Standardized Lease Agreements and Professional Association Forms that provide detailed terms, conditions, rules and regulations for renting a home.
5. Preferred Service Provider Relationships: Personal knowledge of local vendors, suppliers and contractors who provide good quality work at reasonable prices.
6. Rent Collection/Rent in Kind: Systems to help ensure on-time rent payments or in-kind services are carried out smoothly (quickly resolving of late or non-payment problems or failure to carry out agreed rent in-kind services).
7. Inspection Reports: Routine and targeted property and home inspections may reveal faults that if found, can be resolved quickly before they become even more expensive. Emphasis is on safety and security of investment. Knowledge of things like building code standards, fire protection and emergency management services.
8. Emergency Calls Buffer: Being shielded from the late night "the toilet is overflowing" call.
9. Financial Record Keeping: Provide detailed income and expenses reports as well as cash statements every month saving you the bookkeeping headache.
10. Property Management Fees: Fees involved in managing your investment property or improving your real estate are usually considered tax deductions. Your accountant or tax advisor can assist you with this.