Are You a Rental Property Owner in Ottawa?
If you own a rental property, you know how much of a challenge it can be maintaining, managing, and growing your property into a strong and well managed asset. There’s always something that needs to be done and never enough time, but the good news is there’s a solution: hire a property management company. When you have a team like the professionals at Primecorp Property Management, you will be amazed at the benefits. Here are three ways that a property manager can make your life easier while improving your asset and return on investment.
Attract Qualified Renters
For tenants, finding the right apartment can be like finding a needle in a haystack. For landlords, finding the right people to rent your property can be just as difficult, especially if you don’t have the network, filters or market experience to fill vacancies as they arise. A good property manager knows how and where to advertise, leveraging the latest digital marketing techniques, for example, how to search for quality tenants and has the market experience to qualify and move forward with the best qualified tenants. Working tirelessly to attract appropriate renters to welcome into your property is one of the top priorities of a professional property manager.
At Primecorp Property Management, we’re proud of our service record in many regards, especially when it comes to filling vacant units. We understand that positive tenant relations are the key to low vacancy rates. In 2015, our vacancy rates were around 1.9% for the properties that we manage. This stacks up very well against the national vacancy rate of 2.9% and the vacancy rate in Ottawa at 3.4%.
Maintain The Property
Just like your own home, it seems like a rental property always needs something and there is never enough time for you to do it; with the right property manager, you don’t ever have to deal with it yourself (unless you want to) and you can leave the upkeep and repairs in capable hands. Your property management team will vet the right contractors and use the right supplies for whatever tasks that arise in the course of business. At Primecorp, we work hard to ensure that all the building we manage are well-maintained homes for our valued tenants.
Keep Tenants Happy
There is an art to keeping the people that rent your space happy. When they have a significant request for something that requires immediate attention, you need to be prepared to jump into action and do whatever you can for them. Some challenges can be difficult to address and it can also be frustrating for tenants if you don’t have a lot of experience, manpower, or time.
A good property manager will have years of experience taking care of renters and knowing how to build lasting relationships, which will encourage tenants to rent with you for longer periods of time. This will allow you to keep your units rented with happy tenants and to build a reputation as a thoughtful and courteous company for future tenants… word-of-mouth is one of the best marketing channels for attracting new tenants.
Our Latest Property: Coach Tower, 1825 Russell Road, Ottawa
The principles that we’ve discussed are leading more landlords to consider Primecorp as their property management company of choice. Our latest property, Coach Tower, located in Ottawa East near Elmvale Acres, Train Yards Shopping Mall and the Ottawa Hospital General Campus, has undergone many renovations and upgrades to the building and individual suites. Coach Tower is under new ownership, and Primecorp is working diligently to fill vacancies in this building with suitable tenants and to address any issues that current tenants may be experiencing.
Are You Looking for A Property Management Company?
Hiring an outside property management company is an added expense, but it can be more than worth it. This outsourcing can provide peace of mind knowing your asset is in the right hands and gives you more freedom and time to enjoy your returns. If you’d like more information about hiring Primecorp Property Management as your property manager, please contact us.