Owning a rental property is usually very profitable. It helps the property owners have a steady income. However, this can only happen if the landlord has good tenants, who do not destroy their property.
It can be very challenging and time-consuming for landlords to manage their properties. This is because they are likely to encounter problems emanating from their tenants. That’s why many landlords choose to seek the services of property management companies.
Landlords can save a lot of money, energy and time if they decide to hire a property management company like ICC Property Management. Handling tenants can be very stressful for landlords.
It also leads to other issues if the tenants become reluctant in payment of their rent on time. Additionally, it can take a lot of time for a landlord to look for suitable tenants to replace the ones who move out.
But, property management companies can handle these issues right from top to bottom. In particular, ICC Property Management can easily find the right tenants for you. Moreover, it can manage your rent collection, handle all the paperwork as well as manage the security deposits.
Furthermore, the company can handle other things like late night emergencies, move-in and move-out inspections and other issues which demand the landlord to visit the site in person.
This article will discuss some benefits of using ICC Property Management company.
Hiring ICC Property Management will reduce vacancy percentages
One of the key tasks for a property management company is ensuring that the vacant units are rent out as fast as possible. Rental companies generally keep themselves updated with the local rental rates. This assists them to determine the ideal price towards attracting new tenants. ICC Property Management is no different.
Through effective marketing of the property, the company ensures that your vacancy percentages are at the lowest they can be. It is also the responsibility of the company to ensure that the property is well maintained. This goes a long way towards retaining the current tenants.
ICC Property Management will screen tenants
With ICC Property Management, property owners don’t have to stress themselves with finding the time to screen their prospective tenants. The company can handle everything; from looking for tenants, showing them the property, and interviewing them. So, you get the most suitable clients. This is very critical, especially for a property with many units.
ICC Property Management will exempt you from handling the tenants
Handling your tenants can be very stressful. That is why ICC Property Management handles all tenant related issues. The company also acts as a link between you and your the tenants. What’s more, it handles all the complaints, does rent collection and maintenance calls.
ICC Property Management will keep things organized
Sometimes, it can be challenging for property owners to keep track of the details of their properties. That’s where a property management company comes in and takes responsibility for handling every detail.
ICC Property Management can keep everything organized, including organizing tax deductions, managing parking permits and budgeting for any required outsourcing services. Property owners who hire good property management companies will have less stress and can enjoy peace of mind. They also have more freedom to handle other activities.
ICC Property Management is good at tenant retention
Keeping good tenants is very critical for a property owner or landlord. One of the main reasons why tenants leave a rental property is the owner’s failure to meet their expectations. However, using a property management company like ICC ensures that all tenant’s requirements are handled as quickly as possible, which in turn reduces the vacancy rates.
Using ICC Property Management can increase the value of your property
A good property management company can put a preventive maintenance system in place. Such a system ensures that issues related to maintenance and repairs are handled early enough. ICC Property Management achieves this through maintenance check schedules, well-detailed maintenance documentation, and regular maintenance visits.
Also, management companies can offer the property owner or landlord suggestions on upgrades and modifications. These can have a significant impact on the rent rates, maintenance as well as the insurance.
ICC Property Management knows how to keep maintenance and repair costs low
Good maintenance and proper repairs are a crucial part of property management as it preserves the value of the property. ICC Property Management gives landlords access to its in-house maintenance staff. This leads to significant savings, compared to hiring maintenance personnel yourself.
ICC Property Management will be responsible for outsourcing all services
ICC Property Management will play a very critical role in ensuring that everything runs smoothly on your property, regardless of the number of rental units in your property. The property managers can ensure that a unit stays clean after a tenant moves out. They will also make sure that your property gets trash removal, snow removal, landscaping and moving services.
If you are looking to get a vacation cottage built, there are a number of companies who can provide ready to use Muskoka cottage plans in many sizes and designs. The good thing with most of these designs is that they are probably already compliant with local and national building codes. Most probably there are already some units built to the same specification you can look at; perhaps you can ask the owners for their comments as well. However, readymade Muskoka cottage plans can be limiting; you may find that none have the features that you want.
The first step towards realizing your dream cottage is to engage the services of a good company to work with you drafting plans that incorporate your specifications while meeting the requirements of local and national building codes. In this crucial step, you can use all the help you can get in finding the right building company to work with. Consulting with Tarion will be a big help; Tarion is an organization created by the government of Ontario to assist and protect home buyers. Check the references and project portfolios of several building contractors and choose the one which gives you the most confidence. Engage the services of the builder or an architect initially only for the drafting of your cottage’s plans.
When working with architects and builders to finalize the details of your home, you need to be able to communicate what you want. There may be instances when what you want is possible; at other times technical and cost considerations may force you to accept compromise solutions.
Visit the Muskoka Town Hall and inquire about the various permits and approvals you will need to obtain before construction can start, and how much they cost. If you have even a preliminary estimate from your builder, determine how you will finance the project; nothing can be worse than finding out you don’t have enough resources halfway through construction. Nothing ever goes perfectly according to plan so it is prudent to allow a minimum of 10% over the total estimate to cover any contingencies.
Once you and the building contractor have finished the plans for your Muskoka cottage, ask several builders for a quotation. When you compare their bids also consider the warranties they offer, insurance coverage, track record, manpower resources, and available equipment. Review the work contract each of them offers to find the one which most closely describes what you have asked for. Some of the most important details to carefully scrutinize are delivery schedules, payment schedules, start date, which party is responsible for obtaining the necessary permits, and the scope of the project. It is prudent to include a clause that says the last 10% of the project price is to be paid only after final acceptance.
Visit the site often and communicate any concerns openly with the building contractor. As the project winds down keep a punch list – a list of deficiencies that the contractor must make good on prior to acceptance. Then you can be relatively sure your Muskoka cottage is built with the features you asked for.
Etobicoke plumbers often get calls to deal with some type of clog in people’s homes. In some cases the problems they are asked to handle are well within the capabilities of the average homeowner to address. There are far too many instances when the best Etobicoke plumbers that residents ask for help take just a few minutes to deal with plumbing blockages; and that is a waste of good money because plumber services do not come cheap.
You can’t really blame most homeowners for wanting to call the plumber right away when their plumbing drain slowly; there are many parts of their homes, many appliances and furniture which can easily be damaged by drain water. In many instances being observant allow you to detect partial clogs and deal with them before they worsen to an extent where you will need the help of professional plumbers.
In shower and bathtub drains, for example, partial blocks would cause water to rise to the level of your ankles as you bathe. You will find that water drains so slowly that sometimes the tub or shower floor will still be wet even if it has not been used for some time. Etobicoke plumbers say that gurgling noises and an unpleasant odor coming from the drains also announce the beginnings of a drain blockage problem.
When faced with partial shower or tub drain blockage, most of the time it will just be caused by minor accumulations of soap, scum and hair. It does not take much effort to remove the drain strainer, fish out the debris using a bent coat hanger, and replace the strainer. If that does not help, then you can try using a rubber plunger. Work the plunger up and down 6 to 10 times in succession; repeat several times until water flows freely.
If those efforts still prove unsuccessful, the problem is probably too serious for you to handle on your own. The drain pipes underground may have collapsed, or a tree root may have worked its way inside your pipe. In either case only professional plumbers will have the tools and equipment needed to clear the blocks and replace damaged sections of pipe. Really good plumbing contractors may even offer trenchless repair options which are less intrusive and more affordable.
One of the worst types of clogs is that of the toilet. If sewage overflows the toilet bowl it is already more than just a plumbing problem; it is also a smelly health hazard. Before toilets clog, you will experience slow draining and long gurgling sounds whenever you flush. You can address this the same way you would a blocked toilet – with a gallon of hot water, a cup of powder detergent, and a rubber plunger. Let the toilet soak in the soap solution for a minimum of ten minutes, then work the plunger up and down 10 to 20 times each time. Do this for about ten minutes; 4 of 5 times this will clear the block. If not, you need to call your friendly Etobicoke plumber.
Calling organizations like the Plumber’s Residential Council Ontario for assistance in finding good plumbers often proves helpful.