If you are currently investing in rental properties or just about to take the plunge, you will need to consider hiring a property management company.You like the idea of having rental income, however you might not be ready to quit your job to manage your investments full time. Often, your rental property is on the other side of the city or as far as another province.The responsibility of maintaining your property can become overwhelming.You might want to hire a property manager.

Before hiring a property management company you need to have an idea about which services you will leave to them, and what you will do yourself. Do you want to collect rents? It may sound easy – it’s not.You must know the Landlord Tenant Act thoroughly or your tenants could take advantage of you. What if something needs to be repaired? Can you have it fixed within a reasonable time frame?If the property is close by you can keep an eye on it. Some landlords spend more time looking after their real estate investments than they do at their full time job! Continue reading →