Most GTA landlords turn to property managers to help them screen tenants, deal with disputes, or collect rent. But these experts have another, equally important, role – property maintenance.
This often overlooked aspect of being a landlord is crucial to good tenant relations. Your renter isn’t going to put up with faulty appliances, broken furnishings, or structural damage. They’ll simply move on, taking their rent cheque with them.
Getting and keeping your property in great shape is one of the most worthwhile investments a Toronto landlord can make. Not only does it limit your risk of disputes, it also allows landlords to charge higher rents and attract quality tenants.
Property management means property maintenance
Highgate Property Investments is the top choice of Toronto landlords for all their property needs, including tenant management and property maintenance. Our experienced team consists of maintenance personnel alongside skilled contractors who can handle any job – small fix-it jobs, large-scale repairs, even extensive renovations.
When something breaks and tenants complain, they want it fixed fast. Our professionals help speed things along by leveraging our network to quickly find the right person for the job. We then send you our estimates and wait for your sign-off before getting to work.
Tenants appreciate prompt service, and that’s what we provide – keeping them informed throughout, from handling the initial complaint to scheduling a convenient time for repairs.
If there’s an emergency, we can use our extensive contacts to handle it quickly and efficiently. The hot water tank breaks at midnight on a Friday, the fridge dies in the middle of a heatwave – we’ve seen it all. And we know who to call for an emergency repair that doesn’t charge emergency prices.
Why maintenance is a must
Anyone who’s ever rented a property knows that the relationship between landlord and tenant can be tricky. Creating an atmosphere of mutual respect and harmonious communication can help avoid future problems and stop disputes before they start. Moving quickly to deal with maintenance issues is a sign to your tenant that you care about their welfare. It builds trust, making it easier to hang onto good renters.
If you have room in your budget, it’s a good idea to update your property before renting it. A strategic renovation can significantly improve the value of your home which, in turn, allows you to set higher rents. If you’re not sure where to start, the Highgate team can help you assess what needs to be done, including cost estimates, and timeframes.
If you’re wary of taking on a full renovation, don’t worry. Even small touches can make a big difference. We’ll advise you on where you can get the most bang for your buck, so you don’t stretch your budget unnecessarily. After more than three decades in the Toronto property market we know all the tricks and techniques for freshening up your property with inexpensive cosmetic upgrades such as light fixtures or a new coat of paint.
Being a landlord can be stressful, but it doesn’t have to be. Property managers take the hassle out of every aspect of renting so you can earn income stress-free, without worrying about repairs, renovations, or issues with tenants. Contact our property management experts today to find out more and make the most of your investment.
