What is Property Management

What is Property Management?

Whether you're new to real estate investing, or an avid investor with a large portfolio, residential property management solutions enable you to have your investments actively handled with little to no personal involvement.

Our long-standing history of residential property management and tenant acquisition services are the perfect match for a successful experience investing in real estate.

Our electronic rent collection lets us automatically collect rent payments by withdrawing funds directly from the tenant’s account. This fast and secure method means there’s no need to store a dozen post-dated cheques or meet tenants to collect cash.

Stop chasing tenants for e-transfers and compensation for bounced cheques. Our electronic payment system sends monthly reminders and automates the monthly rent collection, ensuring timely and consistent rental income.

With every twelve-month period that passes, the Landlord and Tenant Board permits an increase in the rental amount your tenant is paying.  The amount of this increase varies depending on the year that the property, addition or accessory apartment was built and when it was first occupied as a rental property.  The minimum increase is set each year based on the Ontario Consumer Price Index.

If you’re not sure whether your property qualifies for a larger increase, or of how to file the forms, you have nothing to worry about —we handle it all.

As much as we go above and beyond to find the right tenant and build excellent relationships to increase your odds of having a wonderful experience, there are bad apples.  What happens when you have a tenant who doesn’t cooperate?  We take the necessary steps to deliver notices and begin eviction processes immediately.  When handled properly, tenants often cooperate, get caught up on their money due, and resolve issues without further action.
You’ll never be interrupted during soccer practice, your favourite movie, family dinner or your annual vacation again!

Being a Landlord is a job, one that comes with responsibilities, serious responsibilities.  Being responsible for the property that provides shelter and safety to a Tenant means ensuring that the property is working and, when it’s not, being quick to remedy the problem.

Our team will handle all incoming inquiries from your tenant, big or small, and arrange to have any issues corrected promptly.

From plumbers to cleaning companies, we will facilitate all repairs and maintenance on your behalf.

At the beginning of our relationship, you’ll let us know how much to reserve for a rainy day.  This amount can be as low as zero dollars to as much as you want.  Should a repair arise that costs less than this amount, we’ll go ahead and get it fixed and send you the invoice.  However, we’ll contact you first for authorization if a repair is greater.  You get full control over how your property is managed.

Through years of sourcing tenants, our best practices have consistently filtered through and helped us find high-quality, qualified tenants.  It does not end there, though. Not only do we find the best tenants, but we also go above and beyond to establish strong relationships with them.  We recognize that a healthy relationship with your tenant means they will be more respectful of your property.  We start this process by leaving a little gift for every new tenant to welcome them home.

In-person inspections are crucial to ensuring your rental property is maintained correctly. Many landlords find a tenant and never visit until the tenant leaves or a problem warrants a visit. The property is often found in disarray –a costly mistake.

KT Property Management’s onboarding service includes a thorough initial inspection, compiling a detailed report with information such as photos and notes regarding the model and serial numbers of all appliances, location and expiry dates of smoke detectors, water shut-off valves, types and location of mechanical components, and photos of all surfaces.

Then, during our annual and move-in and move-out inspections, we reference this report to ensure we catch any changes.

Having information about the various appliances and mechanical components often enables us to diagnose and correct tenant service calls before requiring the involvement of a third party with added costs.