Tuesday, October 15, 2019

Wakefield Property Management Solutions

 Many seasoned real estate investors around Wakefield will tell you that a good property management company can be worth their weight in gold.  As a PM I specialize in providing Peace of Mind. My property management service is specialized to home owners in the Wakefield area who leave their homes for periods while on vacation or business and need someone to look after the home like it was their own. The home may be empty or have occasional house-sitters. I act as a liaison to the client while they are away and provide basic security services such as scheduled and unscheduled home and property inspections (for example, during or after a big storm) and addressing home issues such as adjusting heating levels, feeding animals, watering plants, turning lights on and showing obvious signs of people coming and going for security reasons.  I can also provide photos and additional information via email. 

A good PM can save you money and reduces stress by:

·        Lowering maintenance and repair costs

Property 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 investment

Preventative 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

566 Riverside Drive
Wakefield, PQ
J0X 3G0

 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.

Tuesday, September 18, 2018

What does a property manager do with home inspections?

Property Management Foundations

The business and real estate industries support growing populations and business expansions. Property managers are responsible to operate real estate property, usually on behalf of the owner. As such, they often fill the role of liaison between a variety of stakeholders including the owners, tenants, staff and service providers. Students gain the practical training and knowledge required to manage private residential rental properties focusing on key functional areas. Students develop communication and client service skills, as well as an understanding of key concepts in property management and the use of applicable legislation.

Learning Outcomes: The graduate has demonstrated the ability to:

  • Communicate effectively with tenants, supervisors and property owners. 
  • Understand property management from a perspective and needs of the customer.
  • Address tenants and tenant issues in compliance with the Residential Tenancies Act.
  • Use property management accounting software.
  • Comply with the obligation of property managers under typical property management contracts. 

As a lifelong student, I realize the importance of staying informed of current thinking and practice relating to any chosen career field. Property management is a good example of this. As such, in the Winter of 2019 I plan to take another Algonquin course on Home Inspection so that I can offer this service for the many people of Wakefield who go overseas for work or for vacation. My intention is to offer home owners the stress free service of taking care of their home while away for several weeks or months.

I have been approached by two clients, Chris Corcoran and Peter Gillies to look after their place while they are away. I have provided inspection services for the winter of 2018 while they were away in India. This time they will have guests staying in their home and they would like me to provide back up services while they are away. In this sense, I will be providing a similar inspection service while they are away, and I will also be addressing any problems or issues that the temporary guests may have while staying in their beautiful home. Everyone's needs are handled and Christine and Peter can fully immerse themselves into their vacation and sleep soundly at night!

Thursday, June 21, 2018

Property Management Testimonial

We (Chris Corcoran and Peter Gillies) hired André Lalonde to manage our country property near Wakefield for eight weeks over the winter. He followed our instructions to the letter regarding things like watering plants, shoveling snow, starting the car and changing which lights were left on. André is friendly, dependable, capable and trustworthy, and the nicest guy you could hope to meet. We would not hesitate a moment to have him back.  
Chris & Peter

April 18, 2018

Tuesday, June 19, 2018

After a satisfying and successful 25 year career as an environmental consultant for the Federal Government (mainly CIDA), in April, 2018 I completed the diploma program for Algonquin College's Property Management Foundations with an A+ average grade score. I'm grateful to have found a second career that I'm good and passionate about! I have rented homes in Wakefield since 2009 and have provided property management services to people in the Wakefield area.

As my focus as an environmental consultant was on sustainable development and climate change adaptation and protection of critical infrastructure, my new career as a property manager aims to avoid costly property damage from the impact and degradation of any built environment. I'm very familiar with property management issues, construction practices and related building codes in Quebec and Ontario. I'm also knowledgeable of legal landlord and tenant board regulations and due practice on how to extend customer services for land owners and tenants in Quebec and Ontario.

From being a long time resident of Wakefield, I also know and work with many of the highly skilled trades people who operate businesses related to property management. This equates to providing the best services available to Wakefield residents at optimal costs. Please email me at my Riverside residence at: gatineauman@gmail.com or call me at 819-459-3591 to discuss how I can best meet your unique property management needs.

As one of the many Airbnb operators in Wakefield over the last 3 years, I'm offering specialized services that reflect the unique needs of this industry. Another area of specialization I provide is provide property management services to people who leave the Wakefield area for long periods in the winter for foreign services work or extended vacation. I can provide inspection or repair services to ensure that you don't worry about your home investment while away for a week or a year.

Let me help you to feel secure enough with your home to go away for an overseas posting or extended vacation!