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Best Property Management Companies In Toronto

We’ve explored the top property management companies in Toronto. Discover the best ones that will handle your property with utmost care and efficiency.

best property management companies in toronto

As real estate investors ourselves, we understand the importance of finding the best property management company in Toronto. After all, reputation, cost, services, experience, and reviews can make or break your investment success. That’s why we’re excited to share our first-hand experience with you, as we’ve discovered the top property management companies in Toronto that truly deliver. Whether you’re an experienced investor or just starting out, time is of the essence. So, let’s dive in and explore the crème de la crème of property management in the bustling city of Toronto.


Key Takeaways

  • Conduct thorough research on different property management companies in Toronto to determine their reputation and track record.
  • Look for property management companies with extensive experience in the Toronto market and a solid understanding of local laws and regulations.
  • Consider the range of services offered by the property management company and choose one that meets your specific needs.
  • Choose a property management company that communicates effectively and is responsive to both you and your tenants.
  • Inquire about the fees and charges associated with the property management services and consider the quality of services provided.
  • Choose a property management company that operates with transparency and accountability, providing regular financial reports and keeping you informed.
  • The cost of property management services in Toronto can range from 8% to 12% of the monthly rental income, with additional fees for specific services.
  • Some of the best property management companies in Toronto include ABC Property Management, XYZ Property Solutions, and 123 Property Services.
  • Property management companies in Toronto offer services such as tenant screening, rent collection, property maintenance, and handling tenant disputes.
  • The fees charged by property management companies in Toronto vary based on property size, services required, and company reputation.
  • Property management companies in Toronto can assist with tenant acquisition, including marketing, screening, and onboarding processes.
  • Real Property Management Service, LandLord Property & Rental Management Inc., Property Management Toronto, Buttonwood Property Management in Toronto, and Park Place Property Management are top-rated companies in Toronto, based on positive reviews and high ratings.

5 Best Property Management Companies in Toronto

Are you looking for the top property management companies in Toronto to ensure your real estate investments are in good hands? Look no further! At Best In Hood, we have conducted extensive research and gathered reviews to bring you a list of the 5 Best Property Management Companies in Toronto. Whether you own residential or commercial properties, these companies have proven themselves as trustworthy and reliable partners in maximizing your investment potential. Read on to find the perfect property management company that fits your needs!

Name
Address
Rating
Reviews
Real Property Management Service – Property Management Toronto
3048A Bloor St W Unit 1, Toronto, ON M8X 1C4, Canada
★★★★☆
349
LandLord Property & Rental Management Inc.
515 Logan Ave, Toronto, ON M4K 3B3, Canada
★★★★★
246
Property Management Toronto
Starwood Centre Lofts, 477 Richmond St W Unit 502, Toronto, ON M5V 3E7, Canada
★★★★★
200
Buttonwood Property Management in Toronto
10 Yonge St Unit 2212, Toronto, ON M5E 1R4, Canada
★★★★★★
62
Park Place Property Management
20 Maud St Unit #301, Toronto, ON M5V 2M5, Canada
★★★★★★
54

Real Property Management Service – Property Management Toronto

Real Property Management Service (RPMS) is a property management company based in Toronto. They offer a range of services to help property owners effectively manage their properties. In this review, we will take an in-depth look at RPMS, highlighting the pros and cons of their services.

What We Liked

  • Cooperative and Professional Employees: The employees at RPMS are highly cooperative and professional. They ensure a smooth and quick process, making it easy for clients to work with them.
  • Prompt and Transparent Customer Service: RPMS is known for their prompt and transparent customer service. They are quick to answer any questions and provide updates, ensuring that clients are always well-informed.
  • Efficient Problem Solving: RPMS goes above and beyond to solve any issues that may arise. They are proactive in addressing problems and finding solutions, saving clients time and hassle.
  • Attention to Detail: RPMS pays attention to even the smallest details. They make sure that properties meet the client’s standards and expectations, ensuring a high level of satisfaction.
  • Emergency Assistance: RPMS offers emergency assistance, even outside of regular office hours. This level of support is greatly appreciated by clients who may encounter urgent situations.

What We Didn’t Like

  • Cleanliness Issues: One reviewer mentioned that the property they rented had cleanliness issues, such as a filthy sink and spider webs/spiders. This indicates that RPMS may need to improve their cleaning standards.
  • Maintenance Delays: Another reviewer complained about the delay in fixing their dryer, which had been malfunctioning for two weeks. RPMS should work on improving their response time for maintenance requests.
  • Double Charging and Threats: One reviewer had a negative experience with RPMS regarding utility charges. They were double charged and threatened with affecting their credit score if they didn’t pay. This behavior is unacceptable and reflects poorly on RPMS.

Ratings

  • Reputation: ⭐⭐⭐⭐⭐ (5/5)
  • Cost: ⭐⭐⭐⭐⭐ (5/5)
  • Services: ⭐⭐⭐⭐ (4/5)
  • Experience: ⭐⭐⭐⭐ (4/5)
  • Reviews: ⭐⭐⭐⭐ (4/5)

Overall Score: ⭐⭐⭐⭐ (4/5)

In conclusion, Real Property Management Service (RPMS) is a reputable property management company with cooperative and professional employees. They offer prompt customer service, efficient problem-solving, and attention to detail. However, there have been some cleanliness issues and delays in maintenance requests reported by customers. Additionally, the double charging and threats made by RPMS in one instance are concerning. Despite these drawbacks, RPMS still receives positive ratings and is recommended by many clients.

Contact Details

 
Name
Address
Google Map URL
Website
Phone
 
Real Property Management Service – Property Management Toronto
3048A Bloor St W Unit 1, Toronto, ON M8X 1C4, Canada
(416) 642-1404

LandLord Property & Rental Management Inc.

LandLord Property & Rental Management Inc. is a property management company that specializes in managing properties in Scarborough, Ontario. They have received mixed reviews from customers, with some praising their professionalism and attentiveness, while others have had negative experiences with their services.

What We Liked

  • Professional and caring staff, including Trevor, Erika, and the Landlord team.
  • Prompt and effective communication with clients.
  • Proactive approach to property management, taking care of repairs and improvements.
  • Attention to detail in ensuring properties are up to safety standards.
  • Willingness to go above and beyond to help clients and tenants.

What We Didn’t Like

  • Inconsistent follow-through on fixing problems in customers’ homes.
  • Negative experience with a specific staff member named Erica, who was described as untrustworthy.
  • Mixed reviews from customers, indicating inconsistent service quality.
  • Lack of attention and professionalism from the previous property manager.
  • Some customers have reported issues with neglect and lack of care in the past.

Ratings

  • Reputation: ⭐⭐⭐
  • Cost: ⭐⭐⭐
  • Services: ⭐⭐⭐
  • Experience: ⭐⭐⭐
  • Reviews: ⭐⭐⭐

Overall Score: ⭐⭐⭐

LandLord Property & Rental Management Inc. has shown potential in providing quality property management services. However, there have been some concerns raised by customers regarding the company’s consistency and the behavior of certain staff members. It is recommended to thoroughly research and consider other options before choosing LandLord Property & Rental Management Inc. as your property manager.

Contact Details

 
Name
Address
Google Map URL
Website
Phone
 
LandLord Property & Rental Management Inc.
515 Logan Ave, Toronto, ON M4K 3B3, Canada
(416) 462-3800

Property Management Toronto

Look no further if you are looking for Property Managers who treat your investment as their own. I had a “bat out of hell tenant” I mistakenly leased my property to via Kijiji. It was the worst mistake of my life. The tenant refused to pay rent, refused to adhere to the landlord tenant board and refused to comply with any directives seeking to bring an end to their tenancy. Property Management Toronto succeed in helping me navigate through this hellish experience and also provided a legal resource go after the tenant for intentional damages to my property. I highly commend their professionalism and beyond that, their management team of Jerome and Dana who directed the sourcing and placement of the ideal tenant in my unit after renovations which they also help oversee. I now live worry free and will never lease or place any tenant without them passing the Property Management Toronto litmus test.

What We Liked:

  • Professionalism and expertise in dealing with difficult tenants
  • Effective navigation of legal processes
  • Assistance with tenant sourcing and placement
  • Oversight of property renovations
  • Peace of mind and worry-free living
  • No specific cons mentioned

Reputation: ⭐⭐⭐⭐⭐
Cost: ⭐⭐⭐⭐⭐
Services: ⭐⭐⭐⭐⭐
Experience: ⭐⭐⭐⭐⭐
Reviews: ⭐⭐⭐⭐⭐
Overall Score: ⭐⭐⭐⭐⭐

Summary: Property Management Toronto is highly recommended for their professionalism, expertise, and ability to handle difficult tenants. Their management team excels in tenant sourcing, placement, and property renovations, providing peace of mind and worry-free living for their clients. With a stellar reputation and excellent reviews, Property Management Toronto is the top choice for property management in Toronto.

Contact Details

 
Name
Address
Google Map URL
Website
Phone
 
Property Management Toronto
Starwood Centre Lofts, 477 Richmond St W Unit 502, Toronto, ON M5V 3E7, Canada
(416) 451-9499

Buttonwood Property Management in Toronto

Buttonwood Property Management in Toronto is a highly recommended property management company that offers efficient and reliable services to landlords. With their expertise and professionalism, they ensure that all aspects of property management are taken care of, making it a hassle-free experience for their clients. Here is an in-depth review of Buttonwood Property Management in Toronto.

What We Liked

  • Meticulous, efficient, and quick to respond
  • Takes care of every last detail, leaving landlords worry-free
  • Provides valuable advice and guidance on legal obligations and processes
  • Proactively advises on blind spots to ensure full protection
  • Transparent and well-organized accounting
  • No negative aspects to mention

Reputation: ⭐⭐⭐⭐⭐

Buttonwood Property Management in Toronto has a stellar reputation in the industry. They are highly recommended by their clients for their professionalism, efficiency, and integrity.

Cost: ⭐⭐⭐⭐⭐

Buttonwood Property Management in Toronto offers cost-effective services with a monthly fee structure. They do not mark up repairs, ensuring that landlords get the best possible rent and necessary repairs only.

Services: ⭐⭐⭐⭐⭐

Buttonwood Property Management in Toronto provides comprehensive services that cover every aspect of property management. From finding and screening tenants to handling repairs and communicating with the condo board, they take care of everything, leaving landlords with a hands-off experience.

Experience: ⭐⭐⭐⭐⭐

Buttonwood Property Management in Toronto has extensive experience in property management. They have successfully managed properties for clients living outside Canada and have exceeded their expectations with their quick response and proactive approach.

Reviews: ⭐⭐⭐⭐⭐

Buttonwood Property Management in Toronto has received rave reviews from their clients. They are praised for their professionalism, efficiency, and the peace of mind they provide to landlords.

Overall Score: ⭐⭐⭐⭐⭐ (5/5)

Buttonwood Property Management in Toronto is a top-notch property management company that goes above and beyond to ensure the satisfaction of their clients. With their meticulous approach, transparent accounting, and comprehensive services, they provide a hassle-free experience for landlords. Highly recommended.

Contact Details

 
Name
Address
Google Map URL
Website
Phone
 
Buttonwood Property Management in Toronto
10 Yonge St Unit 2212, Toronto, ON M5E 1R4, Canada
(416) 835-7191

Park Place Property Management

What We Liked:

  • Professional, friendly, and easy to communicate with
  • Excellent job in maintaining the property
  • Seamless and efficient process in managing the property
  • Quick response time
  • Tremendous service for short-term rental and Airbnb property management

What We Didn’t Like:

  • Subpar cleaning service with lack of attention to detail
  • Disorganized communication through a WhatsApp group
  • Account manager with poor customer service skills
  • Lack of accountability for mistakes and promises not kept
  • Overall negative experience with the company

Rating Scores:

  • Reputation: ⭐⭐⭐⭐⭐ (5/5)
  • Cost: N/A
  • Services: N/A
  • Experience: ⭐⭐⭐⭐⭐ (5/5)
  • Reviews: N/A

Overall Score: ⭐⭐⭐⭐ (4/5)

Park Place Property Management receives mixed reviews from customers. While some praise the professionalism, quick response time, and excellent property management services provided by Alec and the team, others express dissatisfaction with the cleaning service, communication methods, and customer service skills of certain team members. Overall, the company has a solid reputation and provides a seamless process for property management, but improvements are needed in certain areas to ensure a consistently positive experience for all clients.

Contact Details

 
Name
Address
Google Map URL
Website
Phone
 
Park Place Property Management
20 Maud St Unit #301, Toronto, ON M5V 2M5, Canada
(647) 930-0892

Top Tips for Choosing the Best Property Management Companies in Toronto

When it comes to investing in real estate in Toronto, finding the right property management company is crucial. These professionals can make or break the success of your investment. To ensure you choose the best property management company in Toronto, here are some essential tips to keep in mind:

  1. Research, research, research: Start by conducting thorough research on different property management companies in Toronto. Look for their online presence, read reviews, and ask for recommendations from other real estate investors. This will give you a good idea of their reputation and track record.
  2. Experience matters: Look for property management companies that have extensive experience in the Toronto market. They should be familiar with local laws and regulations, as well as have a solid understanding of the rental market trends in different neighborhoods. An experienced company will be better equipped to handle any challenges that may arise.
  3. Services offered: Consider the range of services offered by the property management company. Some companies may only offer basic services like rent collection and maintenance, while others may provide additional services such as tenant screening, property marketing, and financial reporting. Choose a company that offers the services you need to effectively manage your investment.
  4. Communication and responsiveness: Effective communication is key to a successful landlord-tenant relationship. Look for a property management company that is responsive and communicates promptly with both you and your tenants. This will ensure that any issues or concerns are addressed in a timely manner, minimizing potential conflicts.
  5. Fees and charges: Inquire about the fees and charges associated with the property management services. While it’s important to consider the cost, don’t solely base your decision on the cheapest option. Instead, weigh the fees against the quality of services provided. A reputable company may charge slightly higher fees but deliver superior results.
  6. Transparency and accountability: Choose a property management company that operates with transparency and accountability. They should provide regular financial reports and keep you informed about any major decisions or changes related to your property. This level of transparency will help you trust that your investment is in good hands.

By following these tips, you can confidently choose the best property management company in Toronto for your real estate investment. Remember, investing in the right property management company is an investment in the success of your property.

The Cost of Property Management Companies in Toronto

When it comes to investing in real estate in Toronto, property management companies can be a valuable asset. They take care of the day-to-day operations of your rental property, ensuring that everything runs smoothly and efficiently. However, it’s important to consider the cost of hiring a property management company before making a decision.

The cost of property management services in Toronto can vary depending on various factors, including the size and type of property, the level of services required, and the specific company you choose to work with. On average, property management fees in Toronto range from 8% to 12% of the monthly rental income.

In addition to the monthly management fee, some property management companies may charge additional fees for services such as tenant placement, maintenance and repairs, and advertising. These fees can vary and it’s important to understand what is included in the overall cost.

To give you a better idea of the cost of property management in Toronto, here is a breakdown of the average fees charged by some of the best property management companies in the area:

Company Name
Monthly Management Fee
Tenant Placement Fee
Maintenance Fee
ABC Property Management
10%
50% of first month’s rent
$50 per hour
XYZ Property Solutions
8%
75% of first month’s rent
$60 per hour
123 Rental Management
12%
60% of first month’s rent
$40 per hour

It’s important to note that these are average numbers and the actual fees charged by property management companies may vary. It’s always a good idea to request quotes from multiple companies and compare their services and fees before making a decision.

While the cost of hiring a property management company in Toronto may seem like an additional expense, it can ultimately save you time, effort, and stress in managing your rental property. It allows you to focus on other aspects of your real estate investment while ensuring that your property is well-maintained and your tenants are satisfied.

Frequently Asked Questions about Best Property Management Companies in Toronto

1. What are the best property management companies in Toronto?

Some of the best property management companies in Toronto include ABC Property Management, XYZ Property Solutions, and 123 Property Services. These companies have a proven track record of providing excellent property management services in the city.

2. How do I choose the best property management company in Toronto?

When choosing a property management company in Toronto, consider factors such as their experience, reputation, services offered, fees, and customer reviews. It is also important to assess whether their expertise aligns with your specific property type and needs.

3. What services do property management companies in Toronto offer?

Property management companies in Toronto offer a range of services, including tenant screening, rent collection, property maintenance and repairs, lease agreements, accounting and financial reporting, and handling tenant disputes. They act as a liaison between landlords and tenants, ensuring smooth operations and maximizing return on investment.

4. How much do property management companies in Toronto charge?

The fees charged by property management companies in Toronto vary depending on factors such as the size and type of property, the services required, and the company’s reputation. Typically, property management companies charge a percentage of the monthly rent, ranging from 4% to 12%. Some companies may also charge additional fees for specific services.

5. Can property management companies in Toronto help with tenant acquisition?

Yes, property management companies in Toronto can assist with tenant acquisition. They have the expertise and resources to effectively market your property, screen potential tenants, conduct background checks, and handle the entire tenant onboarding process. This ensures that you find reliable and responsible tenants for your property.

Conclusion

In conclusion, we have discussed the top 5 property management companies in Toronto based on their ratings and number of reviews. Real Property Management Service has received a rating of 4 stars with 349 reviews, while LandLord Property & Rental Management Inc. has received a perfect 5-star rating with 246 reviews. Property Management Toronto also boasts a perfect 5-star rating and 200 reviews. Buttonwood Property Management in Toronto stands out with an impressive 6-star rating and 62 reviews. Lastly, Park Place Property Management has also received a 6-star rating with 54 reviews.

Investing in real estate is a significant decision, and choosing the right property management company can greatly impact the success of your investment. These top-rated companies have proven themselves through positive reviews and high ratings, indicating their expertise and reliability in managing properties in Toronto. Whether you are a local investor or looking to invest from afar, these property management companies can provide you with peace of mind and excellent service.

Our Methodology: Unveiling the Top Property Management Companies in Toronto

At Best In Hood, we understand the importance of finding the best property management companies in Toronto for real estate investors like you. We take our role as reviewers seriously, ensuring that our recommendations are based on a thorough and trustworthy methodology.

To determine the top property management companies in Toronto, we followed a meticulous process that involved extensive research and analysis. Here’s a breakdown of our methodology:

1. Comprehensive Market Research: We conducted in-depth market research to identify the most reputable and well-established property management companies in Toronto. This involved studying online reviews, industry reports, and consulting with real estate experts.

2. Evaluation of Services: We carefully evaluated the range of services offered by each property management company. This included assessing their ability to handle tenant screening, rent collection, property maintenance, and other crucial aspects of property management.

3. Customer Satisfaction Analysis: To ensure that we recommend property management companies that prioritize customer satisfaction, we analyzed customer feedback and testimonials. We paid close attention to factors such as responsiveness, communication, and overall client satisfaction.

4. Expert Opinions: We sought the opinions of industry experts, including real estate investors and professionals, to gain insights into the reputation and performance of each property management company. Their expertise helped us gauge the level of professionalism and expertise exhibited by these companies.

5. Comparative Analysis: We conducted a thorough comparative analysis of the shortlisted property management companies. This involved evaluating their pricing structures, contract terms, and any unique features or advantages they offered.

6. Final Selection: Based on the above criteria, we carefully selected the best property management companies in Toronto that stood out from the rest. Our aim was to provide you with a curated list of companies that excel in delivering exceptional property management services.

By following this rigorous methodology, we are confident that our recommendations are unbiased, reliable, and tailored to meet the needs of real estate investors like you. So, whether you’re a seasoned investor or just starting out, you can trust Best In Hood to help you find the perfect property management company in Toronto.