What value does a Property Manager bring?
Having just started Zoom Property Management, one of our top questions that we receive when speaking to individuals about our company is. “Why do I need a Property Manager? I can manage it on my own!” For many owners this might be a logical solution but is it the most efficient and effective solution? Here are some reasons why you should consider Zoom Property Management and how the benefits can outweigh the cost.
- Knowledge of Market Rental Rates: At Zoom Property Management we have extensive knowledge of the current rental market in the GTA to determine your market rent. Having the correct market rent is a key factor in getting your vacancies filled and quicker cash flow in your investment.
- Tenant Screening: We will screen tenants on your behalf, not only do we look at credit reports, we will also call and confirm current employer, past landlords, and reference checks.
- Knowledge of Ontario Landlord and Tenant Act: Our Property Manager is well versed in the Ontario Landlord and Tenant Act to ensure that both the Landlord and Tenant is in compliance with the Act.
- Inspection Reports: At Zoom we strongly believe that continuous monitoring of your property is essential to maintaining and protecting your investment. We leave it up to the Landlord to decide the frequency of inspections.
- Financial Reporting: Keeping financial record is an important function as it will provide you with detailed income and expenses. Our company will provide detailed monthly statements.
- Rent Collection: We will collect rent on your behalf and have it deposited into your account.
- Free Time: Most investors investing in real estate are looking to grow their passive income stream, is it really passive income when you have to spend time in maintaining the property? Why not let Zoom Property Management take the stress away and free up your time?
