Most of what a rental costs its owner comes from four places: vacancy, repairs that were avoidable or overpriced, rent that drifted below market, and mistakes with notices that turn into months of lost rent. Our job is to keep each of those small. That is what cost control means at BCR Property Management; it is a way of managing, not a separate product.
Where the money goes, and what we do about it
Vacancy. A unit priced from real recent leases and listed on MLS the week it is ready leases faster than one priced from hope. Our turnover process is built around days, not weeks.
Repairs. Nothing beyond routine work is spent without your approval. Trades we have used across many units invoice at cost, with no mark-up from us. Small problems are fixed before they become big ones because tenants report them to us promptly.
Rent. Annual increases are served on time and within the rules, and exempt units are reviewed against the market each year.
Mistakes. The correct notice, correctly served, the first time. A voided notice or a lost hearing costs more than a year of management fees.
What we do not do
We do not promise savings figures or returns. We do not negotiate your mortgage, insurance or condo fees, and we do not advise on tax; we give your accountant and your broker the records they need. We do not cut corners on repairs to make a statement look better; deferred maintenance is the most expensive cost of all.
What you receive
- A statement that shows exactly what was spent and why.
- Quotes before any non-routine spending.
- A yearly rent review for every unit.
- A manager whose interest is a unit that stays rented and in good condition.
Included in management
Full management at BCR Property Management is 6% to 9% of monthly rent plus HST, depending on the property and service level, quoted in writing before you sign.