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Toronto Property Management Fees: What Landlords Should Expect

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  • Finance Management
  • 7 min read
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Breakdown of Property Management Fees

 

Understanding property management costs is vital for landlords to make informed financial decisions. This guide explains standard fee structures and hidden charges.

 

Breakdown of Property Management Fees

  • Leasing Fees: Charges for tenant placement, typically one month’s rent.
  • Monthly Management Fees: A percentage of the rent (usually 6-10%) for ongoing management.
  • Maintenance and Repair Costs: Variable fees depending on service requests.
  • Eviction and Legal Fees: Additional costs if legal intervention is needed.

 

Hidden Costs to Watch Out For

  • Some companies charge extra for lease renewals or inspections.
  • Marketing and advertising fees may not be included in standard pricing.

 

Are Property Management Fees Worth It?

  • Consider the time savings and reduced stress in managing a property independently.
  • Weigh costs against tenant retention and overall profitability.

 

Conclusion

Landlords should evaluate fee structures carefully to ensure cost-effective property management. Transparent pricing and value-added services make a significant difference.

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$125 each
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Fees
Monthly Management Fees
N/A
Starting at $69/month
Starting at $379/month
Tenant Placement Fee
one month’s rent
+ hst
one month’s rent
+ hst
50% of one month’s rent
+ hst
Property types & areas supported:
Available in
Greater Toronto Area, Hamilton & Barrie
Greater Toronto Area, Hamilton & Barrie
Greater Toronto Area, Hamilton & Barrie
Long-term, furnished
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