The 8 Best Property Management Companies in Toronto [2024]

Best Property Management Companies in Toronto

We conduct thorough testing and research on all the services that we review. We are based in Toronto and here is why you can rely on our reviews.

Looking for a trusted hand to manage your property in Toronto? Our guide features the top 8 property management companies in the city, each offering top-notch services to help you effectively manage your investment. From tenant screening to property upkeep and financial advice – these companies cater to every aspect of property management!

Summary

What's the Average Cost of Property Management in Toronto?

According to RentSeeker, the average rent for a one-bedroom apartment in Toronto is $1,815, while a two-bedroom apartment will cost you around $2,340. When it comes to paying your property management company in Toronto, you should expect to pay them between 7% and 14.9% of the total rental payment. For example, if your monthly rent is $1,000, you should expect to pay between $70 and $149.90 for property management in Toronto.
However, the cost of property management varies depending on the size and location of your rental unit. In some cases, you may be required to pay as much as 20% or more for a property management company in Toronto to lease out your home.

The 8 Best Property Management Companies in Toronto

Here’s your list of Toronto’s top 8 property management companies based on customer reviews, retention rate, and years in business. Find your ideal property management partner right here.

1. Royal York Property Management

A technology-driven firm that manages over 10,000 properties, Royal York guarantees a hassle-free experience. Reach them easily and at any time, thanks to their 24/7 operations.

Address: 789 Don Mills Road Suite 801 Toronto, Ontario, M3C 1T5, Canada
Phone: (416) 508 5288
Website: royalyorkpropertymanagement.ca

Customer Review:

"Had a problem with my current tenant. Hired Royal York to help me out through the legal process and I could not be happier with their service. David Olevson, one of their lawyers, was very understanding and cleared a lot of things out, even before the hearing date. I successfully evicted my old tenant and chose Royal York Property Management for tenant placement, to manage my property and now my rent is guaranteed and I never have to worry about going through the same thing again. My case was very sensitive, and the owner of the company, Nathan Levinson, attended the video hearing himself. Can not recommend them enough. I have never seen the owner of the company get involved without the client having to beg and call multiple people to get their contact. Great job guys!"
- Pierre Graham

2. ICC Property Management Toronto

Real Property Management Service

Steeped in 30 years of experience, ICC offers personalized services for their vast portfolio of over 32,000 units. Transparency and prompt communication are their hallmarks.

Address: 2875 14th Ave Suite 300, Markham
Phone: (647) 559-4322
Website: iccpropertymanagement.com

Customer Review:

"ICC provided a very reliable and professional service in managing our rental property in Toronto. Rental payments are on time with detailed financial statements. I recommend ICC Property Management to my friends as the best Toronto Property Management company to use and to all other prospective real estate owners."
- Neal Ronin

3. Zahra Properties

Zahra Properties

A reliable partner to reputable investors, bankers and tenants alike, Zahra Properties manages over 400 properties. Enjoy a personalized relationship with this dedicated team.

Address: 121 Jefferson Ave, Toronto
Phone: (416) 516-0513
Website: zahraproperties.com

Customer Review:

"We've had a great experience with Zahra Properties. They're easy to communicate with and were very "hands-off" during our stay, which we appreciate. However, when you need help with an issue, they are quick to resolve it! For example, we needed help with our toilet and they sent someone over the next day. Altogether, we recommend Zahra Properties and would sign a lease with them again in the future! Thanks!"
- Jasmine Johal

4. Goldview Property Management

Goldview Property Management

With a passionate team, Goldview maps 30-plus years of expertise onto their large portfolio. They maintain strong client relations while providing superior services.

Address: 51 Toro Rd, North York
Phone: (416) 630-1234
Website: goldview.ca

Customer Review:

"Truly friendly staff that really go the extra mile. It's so refreshing to engage a property management company that really cares about people. They are incredibly prompt and professional. I highly recommend them"
- Jim McNeil

5. Property Management Toronto

Property Management Toronto

Trusted by investors and tenants alike, they boast a low 0.7% vacancy rate. This one-stop shop caters to all property management needs with a personalized touch.

Address: Starwood Centre, 477 Richmond St W Unit 502, Toronto
Phone: (416) 451-9499
Website: propertymanagementto.com

Customer Review:

"I have dealt with PMT for a number of years. They are professional, courteous, and diligent in maintaining & renting your property. They also take a genuine interest in their clients behaves. They treat each property like it's their own. If you're looking for a property management company, I can't recommend them higher."
- evan shear

6. LandLord Property & Rental Management Inc.

Real Property Management Service

With over 2,300 properties managed, this team brings their wide industry expertise into delivering complete property management services across Toronto.

Business Information:

Address: 515 Logan Ave, Toronto
Phone: (416) 462-3800
Website: landlord.net

Customer Review:

"Great support and smooth communication from the start. Our leasing agent and account manager are both fantastic. The house we are renting is clean, has updated appliances, and in a lovely neighbourhood. "
- Lucile Neden

7. Real Property Management Service

LandLord Property & Rental Management Inc.

Decades of experience and over 300 locations make them one of Toronto’s most trusted property managers. They provide customized services to meet every client’s unique needs.

Business Information:

Address: 3048A Bloor St W Unit 1, Toronto
Phone: (416) 642-1404
Website: rpmservice.ca

Customer Review:

"During all of my interactions with Real Property Management Service, I have been pleasantly satisfied with the level of attention and care they take in connecting potential tenants with homes, while taking great care of the homeowner's house. I would most definitely look for another home managed by Real Property Management Service."

8. Del Condominium Rentals

Del Condominium Rentals

Operating since 1986, Del Condominium Rentals handles every facet of property management, from finding the right tenant to providing financial advice. Known for their friendliness and professionalism.

Address: 4800 Dufferin St, North York
Phone: (416) 296-7368
Website: delrentals.com

Customer Review:

"Hi! We used del rentals to get a place in downtown Toronto and they were extremely responsive, and were able to help us get the place we wanted quickly. They were flexible to our needs (changes in start dates) and had existing processes setup for everything we needed. Hope to stay with them long term and would recommend them. Special shout out to Vicki for being a great Agent! Thanks Vicki!i!"
- Kshitij Gupta

What to Look for When Choosing a Property Management Company?

  • Choosing the right property management company to handle your investment property can be a challenging task. It’s important to consider all aspects of their service before choosing the best possible option.
  • Here are some tips you can use to find the best property management company in Toronto.
  • Find out about their past experience and expertise with a variety of clients in similar or different situations.
  • Look for a company that provides a transparent process in all transactions.
  • Choose a company that will share your vision when it comes to the future of your property.
  • Make sure they provide personalized services with timely communication.
  • Find out about their emergency support and tenant management systems.
  • Look for a company that offers 24/7 customer service with professional and experienced agents.
  • A good property management company should have a strong online presence to reach out to their customers effectively.
  • Make sure they are an industry-certified firm that follows the best practices of the industry.

FAQs about Property Management in Toronto

Many property owners do not realize that one can hire a professional tenant screening service to find the best possible tenants for their home. A good rental agency will offer you assistance in finding the right tenants, leasing your properties each time they are vacant, and collecting rent on time. They will also take care of all legal matters related to your properties, which will help you avoid problems with the law.

Rental Property management services offered by professional firms include finding tenants, negotiating leases, taking care of rent collection process efficiently and on time each month, keeping track of vacancies with personalized marketing campaigns for each vacant unit, responding quickly to maintenance requests, organizing financial reporting processes during tenancy etc.

A professional property management company can generally find the right tenants for your home within weeks, depending on the current market conditions. Different factors such as location of your condo, its size and amenities offered all affect the speed at which properties are leased. However, their expertly trained agents can quickly find the best tenants for your home, and that too within a few weeks.

Many property management companies provide 24/7 emergency support to take care of issues related to your home, tenants and other related matters. They take care of all types of problems such as plumbing issues, electrical problems, leaky faucets etc. They also provide access to their online portal where you can request for regular maintenance, which will be documented for future reference.

Some companies charge in addition to the monthly rent in the form of a management fee. However, that percentage may vary depending on your property’s location and other related factors. Some owners prefer not having to manage their properties at all, which is where professional firms come into play.

Conclusion

The property management companies mentioned above have a lot to offer, so make sure you hire one that can help you find the best tenants for your properties, and with a reputation of providing timely service.

And to keep your home always in its best condition, be sure to check out these top picks:

The Best Home Inspectors in Toronto
The Best Cleaning Services in Toronto
Top Home Renovation Contractors in Toronto
The Best Home Improvements for Real Estate Resale in Toronto

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