Scott - For most firms not mine in particular - Hamilton and Kitchener:
Single houses / smaller condo`s - Generally 5%-12% of gross + half month to full month rent for re-rental- Most will come in at around 7% and charge one months rent for rentals. Re half month vs full month for re-rental - If an apartment for $900 most will charge $900... If a house rents for $2000 some will charge $2000 some will only charge $1200, etc..
Small multiplex`s - - Generally 5%-8% of gross + half month to full month rent for re-rental- Most will come in at around 7% and charge one months rent for rentals
Larger multiplex`s - Generally 5%-6% + half month to full month rent for re-rental or onsite super that owner pays for.
Larger buildings - Generally 3%- 6% + onsite super that owners pay for.
In Toronto rates are often slightly higher.
Single houses / smaller condo`s - Generally 5%-12% of gross + half month to full month rent for re-rental- Most will come in at around 7% and charge one months rent for rentals. Re half month vs full month for re-rental - If an apartment for $900 most will charge $900... If a house rents for $2000 some will charge $2000 some will only charge $1200, etc..
Small multiplex`s - - Generally 5%-8% of gross + half month to full month rent for re-rental- Most will come in at around 7% and charge one months rent for rentals
Larger multiplex`s - Generally 5%-6% + half month to full month rent for re-rental or onsite super that owner pays for.
Larger buildings - Generally 3%- 6% + onsite super that owners pay for.
In Toronto rates are often slightly higher.
We have a 2 unit semi-detached house in Toronto. We pay $190 flat rate (plus $25 for dealing with non-resident taxes). One month`s rent to find a new tenant. 5% surcharge on any maintenance over $1500. Yearly inspection (with lots of photos uploaded to the website) is about $250-300. Pretty good group insurance plan (cheaper than what we had before).
Our previous PM charged 10% to a maximum of $185 (plus $20 for non-resident). They used to charge 75% of 1 month`s rent for a new tenant; now 100%.
Services? for both of them, collecting rent, dealing with repairs and maintenance, inspecting the property etc.
Our previous PM charged 10% to a maximum of $185 (plus $20 for non-resident). They used to charge 75% of 1 month`s rent for a new tenant; now 100%.
Services? for both of them, collecting rent, dealing with repairs and maintenance, inspecting the property etc.
