Has Your Property Manager Tried to Increase Their Fees?

Paul Wrigley from Ray White Property Management Toronto discusses what to do when your managing agent tries to increase their management fees.

At Ray White Toronto we believe relationships and value added service is the key to property management. Before a property management team increase their fees they need to first look at what extra value they are going to add. An agent shouldn’t just say our costs have gone up so we are increasing our fees. I have heard of one agent trying to charge extra for conducting routine inspections which is ridiculous.

A property manager should ring their landlord and discuss the issue and not just send a letter saying we are increasing our fees. This is a slap in their face!

At Ray White Property Management Toronto we believe in creating wealth for our clients. We can do this by:

• Increasing their return by increasing the weekly rent
• Suggesting improvements to the property which increases the appeal to new tenants
• Negotiating a better home loan
• Claiming more reductions through a tax depreciation schedule.

For a complimentary discussion on how Paul Wrigley from Ray White Property Management Toronto can increase your return please call us on 02 4959 6577