Property Management Service Packages
Outlined below is a summary of our services, including our management service packages and fee structure. All fees are subject to HST
Management fee structure is based on a percentage of the rent collected and the number of units involved. The fee is 10% of the monthly collected. Fees are payable only when a unit is rented.
LEVEL #1
Property Lease Only
Finding a suitable tenant includes advertising; scheduling viewings of the property; tenant screening (verification of income, reference checks and credit report); complete rental agreement; collecting damage deposit and first month’s rent; obtaining series of post-dated cheques for 6 or 12 months depending on term of lease; providing the Tenant with a copy of the Residential Tenancies Act; completion of the move-in inspection; handing over documents and cheques to owner; Leasing fee is 100% of the month’s rent, minimum fee $250
LEVEL #2
Property Management
Includes Level 1 services, plus collection of rent, payment of owner approved monthly expenses; arrangement of maintenance and inspections to insure work is completed satisfactorily; handle Tenant issues; represent the owner at Rental Tenancy Board hearings; issue notices to Tenant regarding inspection and rent increase; provide owner with monthly Statement of Income and Expenses; provide 24/7 emergency service. For owners living outside Canada, we will complete the monthly NR4 remittances to Canada Revenue Agency. Leasing is 50% plus 10% management fee of the first month’a rent for the placement of each new tenant amd 10% of the monthly rents collected thereafter. If the tenant vacates within 3 months, the 50% charge is waived for placing the new tenant.
LEVEL #3
Vacant Property Monitoring / Inspection
Complete inspections upon request of the owner and provide a detailed written report on the condition of the property for the purpose of assessing the rental value and/or to estimate the cost of repairs necessary at the time of inspection. Fee is $75 per inspection per property up to two units. Cost per unit for three or more units is negotiable.
The KPM Group also provides Residential Contracting, Lawn Care and Commercial Snow Clearing. These services can be provided in a timely and cost efficient manner using KPM qualified staff.
KPM is fully insured — Comprehensive, General, Liability, Errors and Omissions Insurance; is registered and in good standing with the Workers’ Compensation Commision and is a member of the Better Business Bureau.
Residential Management
Condominium Management
Other KPI Services
