What property management costs in Brampton, itemised
Five pages, each with its range and what moves it. Most owners compare on the monthly percentage alone, which is the number least likely to decide the total. Placement, maintenance markup and turnover work move it further, and those are the lines worth reading first.
A provider charging 100% of one month on placement plus 10% monthly costs about 18% of rent across the first year. A provider at 12% with placement included can cost less. The front-page number does not say which.
Then the triggers: a markup added to contractor invoices, per-visit inspection fees, lease renewal fees, and a minimum monthly floor that applies while the unit sits empty.
Turnover frequency decides whether any of it matters. One placement fee spread across a three-year tenancy is a different cost to the same fee charged annually, which is why screening pays for itself.
Typical ranges run 8% to 12% of rent collected, with 10% common in a large metro. Below 6% usually means a light-touch plan without maintenance coordination. Rates vary by unit count.
No. A placement fee of one full month plus 10% monthly reaches about 18% of rent in year one. Model the first-year total, including the fees that only fire when something happens.
Often, by 10% to 20%. It is worth asking for a cap. A markup that is harmless on a small repair becomes significant on a full system replacement.
A floor that applies while a unit is empty, so a percentage charged on rent collected does not fall to zero. Not every provider has one. Ask, because it overrides the usual basis.
On a portfolio, usually. Several units in one agreement are often priced half a point to a point below the published rate. A single condo rarely moves. Figures shown are example ranges, not quotes.
Usually inspections, arrears escalation and contractor coordination. It suits an owner who wants rent collected and little else, and it costs less because it does less.
