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Top 5 Reasons to Hire a Property Management Company for Your Investment Property.

Top 5 Reasons to Hire a Property Management Company for Your Investment Property.

Whether you have set out to invest in rental properties or became an accidental landlord, property management tasks can consume your time and money. If you’ve purchased properties specifically to rent them out, you need to be able to keep them clean, safe and welcoming to attract the best tenants. If you are living in a different city, you have to manage your properties from afar. From problematic tenants to 2:00AM phone calls to the removal of pests, here are just a few of the reasons you should consider hiring a property management company.

#1: You’re Spending Too Much Time on the Properties

From routine maintenance to coping with tenant complaints and disputes to emergency repairs, even a single rental property can end up feeling like a full-time job. Throw in a few multi-family units and you may find you are spending more time at your rental properties than in your own home. A property management company can dramatically reduce the amount of time you spend on routine tasks and ensure that tenant needs are met swiftly and fully.

#2: Your Properties Are in Poor Repair

Delayed maintenance or repairs and touch-ups between tenants can prevent you from attracting and keeping the best-quality tenants. If you just can’t keep up with the work needed or find that most tenants move on after the initial lease is up, you may need some assistance with caring for the property.

#3: You are Managing from Afar

If you are living in another province or location than your rental property, you could end up spending a lot of your free time traveling to and from the rental unit. Living in a different location from the property also means that you have fewer chances to keep an eye on the property. Tenant red flags like trash in the yard, extra pets, or moving furniture through the building without notifying you can go un-noticed if you are not able to occasionally keep an eye on things. If you are worried about the condition of the home or the tenant’s ability to care for the property, a manager can help.

#4: You’re Spending Too Much Money

If you are spending too much money on maintenance and repairs, a property management company can often make a difference. If you have just a few properties, you may not have established relationships with the skilled labourers and businesses that can offer you bulk rates. A property management company can swiftly access labour as needed at affordable rates—and deploy that assistance swiftly when needed. You can also save money with a cost containment program offered by many of the top property management companies.

#5: Your Tenant Turnover is Too High

According to Nolo.com, if you are losing tenants every year or have a higher than normal vacancy rate, a professional property management company can often help turn things around. By improving your responsiveness to tenant concerns, ensuring the place looks its best and even pre-screening tenants, a property management company can improve tenant retention and save you money every year.

Save Time and Money with a Property Management Company

If any of the above scenarios sound familiar or you simply want to focus more on expanding your investments instead of getting tied up with the day to day details of property management, the T.R.A.M.S. Property Management team can help. With extensive management experience, expert cost analytics and a focus on proactive property care and positive tenant experiences, T.R.A.M.S. Property Management helps landlords make the most of the rental property experience. Contact us today to begin taking advantage of the benefits of working with a top management brand and to free up your time to focus on what you do best. We’re here to help when you need us most.

Top 5 Advantages of Investing in a Property Management Company

Top 5 Advantages of Investing in a Property Management Company

Peace of mind is usually the first thought that most property owners have when they acquire the knowledgeable services of property management companiesBy obtaining a firm to handle all aspects of property management on your behalf, you’re able to have more time away from the day-to-day grind of tending to your homes, apartments, or commercial buildings. And with the right Montreal property management company assisting you, there are also possibilities to save money overall. This is especially key for owners of multiple properties.

How does it benefit you in the long run? These top five advantages of investing in a property management company detail valuable insight and tips how to increase your profits:

Cut Down on Late Rent Payments

Experienced property managers know how to finesse tenants to increase the rate of on-time payments. They keep year-by-year earnings up by working to ensure consistent payments are submitted on time, without delay.

Problems Get Addressed Before They Become Emergencies

Limiting externalities is one of the underrated profit drivers for property management. Property management companies can then focus their entire professional effort on monitoring their assigned buildings. They’ll notice issues that need tending to—such as progressive structural problems or complaints between tenants—and address them well before they explode into major costly emergencies.

Tenant Law Knowledge

With knowledge of the Montreal tenant law as a top tool in their arsenal, the best property managers have the most informed perspective on when it’s time for legal action to be taken—sooner rather than later, due to their hands-on position in managing the property.

It’s important to remember, however, that property managers are not lawyers. They are well-versed in the local requirements for handling tenants, from proper protocol to announce showings, and how to relay warnings of possible eviction if rules and regulations aren’t followed.

Happier Tenants Makes Market Rent Pricing Easier

Property managers provide a consistent presence that tenants appreciate. And when tenants are happy, that means owners have more room to provide market prices to satisfy long-term clients, rather than depending on turnover to allow reasonable pricing increases.

More Time for Owners to Pursue Opportunities Elsewhere

In economic terms, rent refers to passive income, not hands-on building management labor.

Many people buy properties because they want to secure decent, stable investments, but property management is more than an extra source of income. Properly managing—and maintaining—one building or several is a great deal of work, time, and effort.

By opting to outsource property management to professional experts, you’re permitting yourself to be able to focus on creating new opportunities and experiences that are unrelated to the day-to-day tasks of your building and tenants needs.

The skilled professionals at T.R.A.M.S Property Management are the ones to call for all your property management needs. With their assistance, you’ll have more time to focus on other endeavours. Contact them today!

Fly Away with an Air Canada Gift Card

Fly Away with an Air Canada Gift Card

Are you longing to escape the dreary winter days or simply need a refreshing adventure? If the answer is yes, T.R.A.M.S Property Management has part of the solution for you: a $2,000 Air Canada gift card!

Until February 28, 2019, you are eligible to enter our contest and potentially win a $2,000 Air Canada gift card.

Participation Specifications

Entering our contest is simple.

If you know a condominium board of directors or a syndicate looking for/in need of property management services, simply refer T.R.A.M.S Property Management to them and provide us the following information:

  • Name(s) of your referral(s)
  • Location of the building(s)
  • Total number of units

Once you have submitted the information, we will contact each referral ourselves and inform them of the amazing advantages they’ll benefit if they decide to sign a property management contract with us.

If your referral(s) sign a property management contract with us, you will be qualified to submit your name to our contest. Each signed property management contract guarantees you one ballot entry.

Contest Rules & Conditions

To be eligible for entry, all participants must meet and respect the following rules and conditions at the time of entry:

  • Must be 18 years or older on the day their name is submitted
  • Submit one email address per person per entry
  • Submit a signed syndicate of the referred property within Greater Montreal or Laval. Multiple submissions are allowed and increase your number of entries.

To guarantee your contest entry, your referrals must be submitted one of two ways:

  • By email to the following address: amer@tramsmgmt.com
  • By mail or delivered in person to our head office: 5151 Rue de la Savane, Suite 400, Montreal, Quebec, H4P 1V1

Your chances of winning will also depend on the number of participants that enter during the contest period. If there are more than nine participants, more than one gift card will be rewarded.

By entering our contest, all participants agree to the rules and regulations set by the Regie des alcools, des courses et des jeux, as well as the terms and conditions that apply to the Air Canada gift card.

Declaring a Winner

The name(s) of the lucky winner(s) of the $2,000 Air Canada gift card will be drawn at the T.R.A.M.S Property Management head office in Montreal, Quebec on Monday, April 15, 2019. The winner(s) will be notified within 24 hours with an official congratulatory email or letter and will receive their gift card in the same method.

Our doors will be open to all of our participants who wish to attend the draw.

Please note: If unclaimed after 48 hours, T.R.A.M.S Property Management reserves the right to revoke the prize(s) from the winner(s) and reward the Air Canada gift card(s) to the next eligible participant(s).

For more information about our contest and regulations, contact us today at 514-341-8600, or fill out our online form!

T.R.A.M.S Property Management thanks everyone for entering our contest. Good luck!

Sea Garden By The Sea

Sea Garden by the Sea

Your perfect Lauderdale by the Sea destination

4625 North Ocean Drive (A1A), Lauderdale By The Sea, Florida 33308 Call: (954) 351-0915 / Map

Property description

Under new management, Sea Garden by the Sea offers the same superior guest experience as its siblings Castle by the Sea and Blue Strawberry by the Sea. We strive to delight our guests by anticipating and exceeding their expectations. Our well trained and enthusiastic team are dedicated to ensuring an exceptional and memorable hospitality service.

Breathe in the crisp air and experience laid back relaxation at our Sea Garden by the Sea. The sun, the surf and the sandy beaches are just steps away. From the moment of arrival, you will savour the tropical tranquility and charm of our inviting surroundings. Whether it’s a family vacation or a romantic getaway, let our dedicated staff treat you to an exceptional and personalized service. The resort is conveniently located near the ocean where you can play volleyball, surf or just lay in the warm Florida sun.

 

For prices and booking visit https://seagardenbythesea.com or call 954-351-0915