FirstService Residential Realty offers an array of rental management and repair services to relieve you of the burden, time and responsibility of property ownership. Our vast experience is put to work for you to optimize the success of your investment property. Professional property management is the smart choice for all property owners and investors. And FirstService Residential Realty is the smart choice for your property manager!
FirstService Residential Realty handles all the bookkeeping and necessary administrative services on your behalf. These include:
FirstService Residential Realty understands the importance of ensuring the owner is paid their distribution in a timely and efficient manner. Monthly distributions are deposited directly into owner accounts.
Rent is due on the first day of the month and considered late after the third. NO personal checks will be accepted for late payments. Any tenant who has not paid rent will receive a 5-day Pay or Quit Notice. Once the notice expires the owner is contacted to discuss eviction.
Deposits are collected at the time the tenant is approved. The security deposit will typically be equal to one month’s rent. Additional deposits may be required based on rental history, credit score and pets. All deposits must be paid by secure funds – either cashier’s check or money order.
Tenants forfeit deposits for breaking a lease or causing damage. If a tenant causes more damage than the security deposit can cover, the account will be sent to a collection agency. There are no up-front costs for using the collection services.
FirstService Residential Realty will do its best to work with the tenant in an attempt to secure payment. Evictions are processed timely and renters not paying will typically be evicted on or before the end of the month.
FirstService Residential Realty offers full brokerage services to our clients interested in buying or selling property. Our knowledge and expertise in the rental market can help guide you to make the best decision to meet your investment goals.