Business is good and continues to get better, I finally hired a fantastic new property manager. She’s the bees knees with a proven ability to find quality tenants 100% of the time. She’s also one of the most diligent and ethical people I know. I’ve just been too busy and it only makes sense to get someone aboard who can provide the same or better level of service I provide. So if you happen to get Dina on the telephone instead of me, say hi.
It’s been really busy this year and I can’t help but be happy about the number of properties I rent and manage increasing every single month. I have a few clients I’ve worked for for over 10 years now. That’s even longer than I’ve been in business as Landlord Rescue. Some people found me from my previous employer. They saw my photo on the web and called me up. One of the tenants I placed is still in the unit from over 10 years ago, a landlord’s dream.
The Most Qualified People Doing The Important Crucial Work
The most important part of the entire landlord business is the “Tenant Acquisition Process” and that is where most people have the most problems. The biggest mistake is probably thinking too much about your own needs and compromising and taking chances. The second biggest problems is underestimating how important it is to screen for niceness and decency in a tenant. After all you may end up in a 10 year business relationship.
Yet in most management companies, the people with the most experience are not doing the work that is the absolute cornerstone of the entire business. Selecting quality tenants is the single most important task in property management. Without that you have a house built on sand. In most management companies, this crucial task is relegated to underlings. Not at Landlord Rescue. Renting property is still my favourite task, I get out of the office and meet new people.
Last month, when Dina started, she asked me if she could do N-4’s or Non payment of rent notices. We did not have any. Not one. This month I did one, but it wasn’t for a tenant I rented to, it was for a tenant on a property I took over from another manager. A triplex, it had two units empty, one for over nine months.
We also managed a back to back rental in a condo in Mississauga, I like to rent back to back if I can. It’s a little more nerve wracking for us, as we have to coordinate the trades and old tenant move out and new tenant move in gracefully. For the owner it saves a month’s rent which makes a big difference. We don’t always succeed but we do try to rent the unit while the tenant is getting ready to move.
It’s a strange accident of fate that renting and managing condos pays us a lot more than managing rental buildings. So my clients benefit. We benefit. My passionate commitment to providing a service with real value, with guarantees, to investors is paying off.
Life is Good.