HighGate Offers Expert Commercial Property Management Services.
We provide knowledge, experience, efficiency and good judgment to the administration of income-producing commercial properties, from all aspects of management. We take care of all details of the day-to-day management, including collecting rent,preparing budgets, improvements repairs and preventive maintenance.
Above all, HighGate believes in the importance of tenant relationships, and of balancing responsibility and service between the owners and tenants.
In the tenant’s eyes, the property manager is often considered the landlord. The significance of this image is important for the property manager to understand,as the tenant interprets the landlord’s attitude through the property manager.
Therefore, good relationships with all parties result in successfully-run properties.
Benefits of Quality Property Management Solutions
When investing in property, the last thing you likely want to do is add additional costs by enlisting the help of a property management company. Perhaps you feel that you can simply do it all yourself. This is a common thought among property owners. However, there are actually numerous reasons why an all-inclusive commercial or residential property management service can save you time and money.
Valuable Market Insights When Investing
The first step toward becoming a property owner is finding the right real estate for your investment. If you have not yet taken this step, or if you are considering expanding to new commercial or residential properties, a comprehensive property management company, such as HighGate Properties, can provide valuable realtor consultant services.
These professionals have experience managing properties in your market area. This means that they can provide insight in regards to which types of properties and which neighbourhoods provide higher returns.
Finding the Best Tenants
Having full occupancy means little if you do not have high quality tenants. The best tenants are those that pay their rent on time, stay in the unit longer, and cause very little wear and tear to the property. The best tenants cause very few problems and do not lead to disturbances. A building full of bad tenants is an absolute headache for a property owner.
The problem is that attracting, screening for, and keeping high quality tenants is not easy and it requires a lot of time and dedication. The property must be well maintained, advertised and staged well for showings, and due diligence must be completed during the application process. A property management company can take all of these burdens off of the property owner and invest the time and energy required. Experienced property managers also have the experience and knowledge necessary to better identify signs of a good or problem applicant.
Avoiding Costly Legal Problems
Do you know steps to make yourself less vulnerable to lawsuits? Have you taken all of the necessary safety precautions? What will you do if you need to evict a tenant? A property management company can step in and take care of tasks to protect your property that you might not even be aware should be completed.
For example, a management service can perform regular inspections of your property. This allows you to not only stay up to date regarding the state of the property and any maintenance or repair needs, but also provides you with regular reports that you can have on hand to support or negate any claims.
Your property manager can also help you complete move-ins, lease terminations, evictions, and other important tenant management tasks, ensuring that all of these actions are completed properly.
Providing a Point-of-Contact Person for Tenants
Especially when you have numerous units for rent, your phone can ring off the hook, as tenants call with questions, requests, and complaints. These renters should be able to speak with someone right away, but you cannot always accommodate all of their needs.
With the help of a property management company, you can have someone available to speak with tenants and address the issues in a timely manner. This higher level of service keeps high quality tenants more satisfied and can cause them to recommend your properties to friends, and encourage them to stay and continue renting for a longer period of time.
Of course, property management professionals will take care of rent collection needs. This eliminates the hassle of having to track down late payments, enforce late fees, and otherwise monitor rental income. The management service can also provide valuable rental income tracking reports to allow you to monitor how well the property is performing financially.
Lower Maintenance Costs
There are multiple ways that property management companies can reduce maintenance and repair costs. Possibly the most effective way is by performing routine, preventative maintenance that property owners typically do not have time to complete. This reduces and prevents the need for larger, costlier repairs in the future.
Property management companies also often have formed long-term relationships with contractors in the area who perform maintenance and repair services. These relationships can sometimes give property owners access to lower service costs.
Reduced Personal Stress
Above all else, commercial and residential property management companies relieve a lot of stress from the lives of property owners. You can go about your personal life and/or focus on growing your business, while knowing that your rental properties are in good hands.
To learn more about these types of services and how you can benefit, contact HighGate Properties in Toronto.