April 22, 2024
Property Management Tips, RYPM Resources
RYPM
As a premier property management and leasing company in Ontario, Royal York Property Management is committed to providing unparalleled service and expertise to landlords, investors, and tenants across Canada. With a vast portfolio of over 22,000 properties valued at more than $10.1 billion, we have established ourselves as a trusted partner in the real estate industry.
Royal York Property Management strongly believes that good landlord-tenant relationships are vital in property management. These relationships are nurtured through understanding, communication, and respect. The focus of this manual is on how landlords within Ontario can achieve positive engagement with their renters, thereby providing a more supportive and enjoyable living environment for all.
Effective Communication
The first step towards establishing an effective tenant-landlord relationship is through clear communication. Every detail regarding any lease agreement and tenant expectations should be clearly outlined in the lease documents. A welcome pack containing contact information, maintenance procedures, and community regulations can be helpful in answering some questions right away.
Keep Open Communication Up
Regular Check-Ins
Scheduled check-ins can maintain open lines of communication. These could be as simple as a quarterly email or call to discuss the fears and comments concerning tenants. Thus, this proactive approach aids in addressing matters before they become serious and lets occupants realize that their desires and happiness are cared for.
Tenant Requests should be Responded to Promptly
It is very important to promptly attend to repair requests and concerns. This helps tenants know who to inform when there is a problem, so that they can expect quick response times, thus reinforcing strong tenant/landlord relationships.
Conflict Resolution Strategies
Establish Clear Procedures
Consistency with Ontario’s Residential Tenancies Act
Understanding and following the Residential Tenancies Act is very important for landlords, including rent increase regulations, evictions, maintenance, ensuring that tenant’s rights are not violated and also keeping landlords within the confines of law.
Ongoing Education