Are you feeling underwhelmed by your current property management company because they aren't delivering on their promises? Is your apartment building suffering from maintenance issues, high turnover, or high vacancy? If you think a change in property management companies is a step in the right direction, you could be on to something.
Topics: Property Management
Within a four-month time frame, the Bank of Canada has risen its key interest rate by half a percent. The first interest rate raise came in July, followed closely by a second one this month. This is the first time the Bank of Canada has risen interest rates in seven years.
If it’s hard for you to get your tenants to renew their unit leases, you may have a problem with tenant turnover. Ideally, you’d like good quality tenants to set up camp for a long time, but that usually doesn’t happen. A new job or circumstances can cause your tenants to leave, or it could be a problem with your building.
A go-to move out checklist is an essential tool for landlords. Moving tenants out of rental units requires thoroughness and keen observation, which a move out checklist assists with. It also serves as an official record of wear and tear in a suite.
Everyone knows there’s a big difference between talking the talk and walking the walk. Property management companies can excite you with plans and promises, but do they actually deliver on them? Is the one you hired worth the expense?