We’ve all heard horror stories about the tenant who has completely destroyed a rental property, causing thousands of dollars in repairs, or the tenant who’s able to exist in a property without paying rent for months on end and the homeowner is left footing the bill. As a real estate investor, property management can be one of the scariest components of owning an income property. It can quickly become overwhelming to sort through all of the “what-if” scenarios that could potentially end in large financial loss, not to mention the added stress and time commitment required to properly manage an asset. And while it is true that in Ontario the Residential Tenancies Act does favour tenants, if your income property is managed properly from the beginning, many of those horror stories can be avoided.
Operating in conjunction with our sister company, Elevated Property Management, our services are uniquely designed to offer flexible solutions to the everyday real estate investor. Offering simple solutions from ‘a-la-carte’ services all the way through to a full-blown hands-off experience, we are here to help you every step of the way.
Here are just some ways our Property Management services can help your success. We can:
- Provide a free, initial 30-minute consult with the homeowner to assess needs and listen to any concerns and offer solutions
- Provide homeowners with initial and ongoing options to maximize the performance of their investment
- Provide professional photos taken of your investment property
- Provide full online advertising of properties available for rent
- Communicate with prospective tenants to arrange viewings of properties and attend viewings
- Vet prospective tenants, including their qualifications, confirmation of income and background checks
- Collect rent, pay utilities, mortgages insurance and taxes on your behalf, including detailed accounting of that to you
- Complete all leasing documents in accordance with the Residential Tenancies Act
- Serve any notices necessary directly to tenants
- Attend a hearing at the Landlord Tenant Board on your behalf
- Provide you, as a rental home owner with full access to our online ‘Owner’s Portal’ which is available 24-7, allowing you access to all communication between property managers and tenants, lease agreements and service agreements.
- Provide access to our exclusive Elevated team of contractors and trades to respond to tenant concerns as well as aid in any renovations or updating that may be required
- Offer the availability of full accounting services
- Customize the Property Management solution that best suits your unique needs
We pride ourselves in taking care of our tenants and their concerns, helping them solve each and every one of their issues while helping them to feel included in the process. Operating from the foundational premise of the Law of Reciprocity, we separate ourselves from other traditional property management companies by always acknowledging and making our tenants feel appreciated and included as part of our Elevated Family. It is through the creation of these relationships, along with our implemented systems of ensuring checks and balances each step of the way that we have created a system of success.
Here’s what some of our Tenants have to say about us:
“I have been renting from Ian and Kelly of Wealth Creations for over a year and I consider myself lucky to have them as landlords. Any concerns I’ve had have been addressed promptly with compassion and professionalism. I highly recommend them.”
“Being relatively new to the world of renting and at my age, plus being new to the community, I was initially somewhat nervous as this is a relationship central to my security. I have been renting my unit for just over a year now and can clearly say I have no concerns. Each and every issue I bring forward are addressed promptly, respectfully, and professionally, even at times beyond my expectations. I believe Kelly and Ian are personally invested in delivering good service and it is reflected in the way they do their business. I definitely recommend them.”
“Kelly and Ian at Elevated Wealth Creations are the definition of incredible! Their hard work and dedication to their company shows in everything that they do! Their strive for perfection is what makes them great business partners. From the smallest problems, to the biggest issues, you can rest easy knowing your requests will be taken care of with no hesitations. My husband and I signed a lease on a rental property that was being renovated top to bottom, front to back, without seeing any photos. We put all of our faith into Kelly and Ian and let them do what they do best; they created a home for our family that went way above what we could have ever dreamed of! From the moment we moved in, we have had the most positive landlord/tenant relationship that we have ever been a part of. We really couldn’t ask for anything more from these two!”