October 2020
Renting out condo properties is not a business suited to amateurs. Obtaining tenants and conducting credit checks, property maintenance, tenant relations, collecting rent and tax documents make it a complicated business.
Services are available to assist with condo, apartment and home rentals.
Casalova, a service for listing and finding condo rental properties, promises a complete service for landlords, and condominium and property managers. The company’s offerings include:
- Tenant Placement – Market and show your property, process credit/reference checks, draft leases and coordinate move-ins
- Rent protection and damage protection for landlords
- Repairs & Maintenance – Maintenance, tenant requests and coordination of all work is handled by the company and its contractors
- Tax Solutions – Tax form filing and remittance of monthly taxes to CRA, including filing NR4 and NR6 forms
- Online Owner Portal – Real time financial statements and inspection reports provided monthly and annually
The company prices its services for single unit landlords and property management services.
Tenant Placement
- Fee: One month’s rent
- Property listed on MLS & Casalova
- Syndicated with partner channels for more exposure
- $50,000 rent and $50,000 vandalism guarantee
- Professional photography
- Tenant screening and income verification
Property Management
- Fee: Percentage of monthly rent; condos – 7%, houses – 10%
- All services listed under Tenant Placement PLUS:
- Collection of rent from tenants
- Rent deposited to landlord account
- Repairs and damage management
- Tenant relations services
- Legal and eviction management
- Online owner portal
Additional Services Available
- Non-resident tax – $25
- Paralegal service – at cost
- Fall or spring inspection – $50
