Hiring a property management company comes with many advantages. The company you hire is responsible for supporting your property and making decisions on your behalf. That being said, it's critical that you have all the necessary tools and information when choosing a property management company. 

1- Understanding Property Management Fees.

• As you begin interviewing different property management companies, take note of the types of services each firm offers. 
• Compare the prices offered by each firm, but don't hire a firm solely based on their low price points. A lower price may suggest a lack of quality in their services.
• Make sure the services offered by the property management company meet your needs. 
• To better understand the cost given to you by a prospective firm, ask them to break down the fees.
• Management fees have a typical range of 4-12% from rent every month. The management fee depends on the number of properties or units they will be managing. Additionally, the location of your property or properties is likely to dictate the cost.
• Vacancy fees are uncommon, but some property management companies may charge a monthly fee for a vacant unit. These charges cover expenses related to finding a new tenant for your property.
• A start-up fee is an additional cost for setting up a new account with the firm. 
• The property management company may charge you for leasing fees. These costs cover the time and effort related to finding a new tenant. Inquire about the cost of the leasing fee and the conditions of these fees.
• There are several other fees to look out for when choosing a property management company. Make sure you are aware of the fees that make up the total cost. You can also negotiate with the firm to get a better rate. 

2 - Handling Property Finances.

• Property management companies are responsible for managing rental income, maintenance fees, reserve funds, and more.
• The firm you hire will be making many decisions about your property's finances on your behalf. That being said, you need to trust the company you choose to hire. 
• There are several details to discuss with the property management companies that you interview. For instance, how they handle monthly payments and their method of paying property owners. 
• Property management companies are responsible for sending reports that provide details about collected rent, property management fees, maintenance, and more.
• Ask the firm to see a sample report to better understand what to expect every month. 
• Discuss any other payments the firm will process, such as security deposits and maintenance fees. 

3 - Determining Rental Rates.

• A good property management company will have a thorough understanding of setting rental rates. 
• Determining the cost of rent requires a proper understanding of the local market and the average rates of other similar properties. 
• The rental rate you choose can also affect the value of your property.
• Discuss with each firm how often they perform rental rate surveys. Typically, these surveys are conducted annually. If your property is often vacant or undergoing many lease renewals, it's likely time to revisit the rental rate of your property.
• In terms of dealing with tenants and issues regarding payments, it's important to find a company that can reason with the tenant and remain adamant about receiving rent payments. 
• Discuss the company's policies around collecting rent payments from tenants and determine if it's the right fit for you.

4 - Maintaining Your Property.

• Property maintenance is critical, especially for increasing its value over time.
• Maintenance of your property requires the cooperation of tenants as well since any repairs should be dealt with promptly. 
• Property management companies have different systems in place to allow you to track maintenance requests and repair costs. 
• Discuss additional details surrounding repairs. For instance, some firms may have a maintenance team responsible for repairing the properties they manage. 
• Finally, determine if the firm offers any recurring maintenance such as shovelling the snow or mowing the lawn. While these services may carry additional costs, they are beneficial for the overall maintenance of your property.

5 - Finding the Right Tenant.

• The most valuable service a property management company can offer is attracting tenants. 
• Determine how each firm your interviewing advertises their rental listings. Go a step further and locate some of their current ads to see if they catch your eye.
• Discuss how long it takes on average to find tenants and fill vacancies. This should not take longer than one month. 
• Presentation of your property is extremely important when it comes to showings. Find out how the property management company prepares for showings, as this is often when potential tenants decide if they want to go ahead and begin renting. 
• Enticing tenants to rent for long periods of time should be a priority for the property management company. 
• There are many measures put in place by companies that prioritize tenant retention. Such efforts include fast responses to tenant needs and regularly asking for their feedback. 
• In terms of finding the right tenant, many companies have screening processes to ensure they choose the best tenant possible. 
• Ask the firms you're interviewing about their tenant screening process and what they are searching for in an ideal tenant.

6 - Get to know the company before making a final decision.

• Ask each firm for a bit of background information, such as how long they have been operating. It's best to hire a property management company that has many years of experience.
• Discuss the types of properties they have been managing. If a firm focuses only on condominiums and you're looking to rent houses, you may want to find a firm with more experience in house rentals. 
• Finally, get to know the property manager that will be managing your property. Determine how long they've been working with the firm and ask about their prior experience managing properties.

Selecting a property management company should not be rushed. Avoid making a quick decision without genuinely getting to know the company you're planning to hire. It's important to find a firm that is a good fit for both yourself and your property.

 

Toronto Housing Market in Spring 2021: A Seller's Market

• The Toronto housing market is favouring sellers this spring due to low inventory causing prices to rise.
• In 2020, the average price in the Toronto housing market increased to $918,883 from $819,832 in 2019.
• The average price of all property types increased by 12% in 2020 due to growing demand.
• This spring, Canadian economists are anticipating a 5% increase in average home prices in Toronto. 
• As Toronto's housing inventory continues to decline, prices are expected to continue to rise.
• The luxury housing market in Toronto has not been impacted by COVID-19. 

Who is Shifting the Demand? 

• Buyer demand has been largely influenced by changes in lifestyle due to COVID-19.
• Working from home is drawing buyers towards purchasing larger homes farther from the city. 
• Consequently, Toronto's condominium supply has seen an increase. Therefore, the condo market in Toronto is currently in favour of buyers.
• Economic factors like low interest rates are also helping buyers remain interested and active in the housing market. 
• Working from home is allowing people to save on commuting, which is keeping the demand going.
• Remote work is now widely available and pushing buyers towards affordable homes away from the city and farther from their workplace. 
• Homebuyers are looking for larger homes and more greenery.
• Immigration has been largely impacted by COVID-19, also leading to decreased demand in the condo market.

The Toronto Condo Market Bouncing Back.

• Since the beginning of 2021, there has been a growing interest in condominiums. 
• The number of condos going up for sale is also slowing down.
• As the economy begins to recover and vaccine roll-out continues, the condo market will likely gain more and more interest. 
• The large availability of condos is driving prices down, allowing buyers and renters to take advantage of these markdowns. 
• If condo supply continues to decrease, we're likely to see prices rise later in 2021 and 2022. 
• Now is the right time to buy or rent a condo in Toronto as prices are expected to climb.

The Rest of 2021.

• The housing market is expected to remain in favour of sellers for the remainder of 2021.
• Urban-to-suburban buyers are driving the housing market. 
• The available supply of housing is likely to remain low, causing prices to continue to rise. Home prices, in particular, are expected to remain high.
• Due to the affordability of condos in Toronto, there will likely be lots of activity in the condo market. This is enticing first-time homebuyers to purchase condos in the city. 
• Mortgage rates are expected to remain affordable. With the current low interest rates, purchasing houses is more attainable. These low interest rates are likely here to stay until the year ends.
• Immigration is likely to drive condo prices up next year as people will be moving to Toronto for education purposes. 
• The price of housing is expected to rise by four to six percent this year. 

TORONTO, Oct 23, 2019/ELVIANO/ -- On September 28th, spectators gathered at the Vaughan Sportsplex II to watch professional futsal players dazzle and wow with their uncanny, highly finessed foot skills. Both the hosts, Toronto United Futsal Club and the sponsors, Elviano hope that the event will help to propel futsal’s popularity, while also encouraging young viewers to get involved in sport. 

https://www.facebook.com/MYELVIANO/videos/521974548536308/

The event featured one of the greatest futsal legends of all time: Falcão (his real is Alessandro Rosa Vieira). The Brazilian superstar inspired onlookers with his remarkable talent. Toronto United Futsal Club and Elviano provided attendees with vast entertainment, from freestylers showing off their ability to handle the ball with ease, as well as live music, dancers, and a futsal game where the kids played against Falcão. 

 

 

One spokesperson from Elviano summed up the atmosphere of the magical evening: “Canada's first Futsal Show of its kind was a great success! We look forward to supporting and promoting more and more amazing events that spread joy, kindness, and unity in our community.” Elviano also commemorated Falcão “for inspiring so many young future Futsal players! We are honoured to have sponsored such an incredible event.” 

Overall, attendees of the event thoroughly enjoyed interacting with Falcão, while also enjoying live entertainment, delicious food, refreshing drinks, and watching the fast-moving game of futsal. Elviano looks forward to sponsoring the next futsal show and introducing the fascinating sport to more spectators. 

 

About Elviano

Family-owned business, Elviano has dedicated 13 years to renovating, constructing, and designing luxurious homes. Over the years, their reputation within the Greater Toronto Area has skyrocketed due to long-lasting, trustworthy relationships with their clientele. Elviano provides a plethora of services from building dream homes to renovations to innovative designs to management services for busy property owners. 

 

If you have been looking for an opportunity to invest in property around The Greater Toronto Area, Elviano has your back. We are a family-run company with considerable experience in property, custom built homes, and property investment management in Toronto. From experience, most people tend to make wrong property investment decisions because they fail to account for a number of factors that affect property investments today and in the future.

Working with us, you will get the property investment advice that comes with our experience. Our property investment strategies are based on sound evaluation of the market as well as the other crucial elements that affect the value of the property. What this means is that we’ll help you make the right investment decisions based on your age, the market conditions, location, and the neighbourhood. These factors are crucial indicators of property value and should guide you in your property investment journey.

The investment decision made will also depend on the expected annual growth, the median rent, median price, rental demand, rental yield, and the estimated cash flow. By factoring in all these figures, you will get a clear picture of your investment and whether to move on with the project or not.

With over 10 years of experience in the property market, we have seen the changes that have been taking place and we understand the market trends.

Investment options

Right now, custom homes are the most marketable and the best investment or development option you can consider. Custom homes are tailored to the customer and as such they have a unique personality and atmosphere that can’t be matched by any other housing option.

Through our guidance, choosing an investment property doesn’t have to be complicated. A well-informed and strategic partner is crucial when making important investment decisions. We work closely with certified property investment advisors to properly ensure investments see healthy growth and profitable returns year after year.

 

Still wondering why you should invest in property?

• You earn a passive income
• It is an investment with incredible growth opportunity
• It comes with tax benefits
• It’s an investment in your future, and for your kids’ future
• You can use the income to prepare for your retirement
• You can use the equity from the property as security for a loan

To enjoy these and more benefits, contact our property investment strategies in Toronto team.

The best real estate developers aim to increase the city’s value and the livability by taking surplussed and under-utilized city land and redeveloping it to reach its full potential.

In order to make informed real estate decisions and to buy land that will appreciate after its development in the Toronto area, it is essential for you to work with a developer that understands the land.

For over a decade, Elviano has been building and redeveloping mid-high end homes. This family-owned business has been able to do all this by working with knowledgeable and experienced professionals to evaluate land before proposing developments. As a developer, Elviano and her external experts evaluate the entire spectrum of land to determine how to best use a plot of land to contribute to city building.

With a blueprint for economic prosperity, fiscal stability, and an improved city building structure, Elviano aims to identify the best ways to use the land for optimal returns.

 

How do we help?

If you are interested in purchasing real estate and are unsure about when you will get to move into your custom home or the processes that take place during the pre-construction process, we will guide you throughout the way.

Before you invest in the GTA, we will help you understand what the market is like, the future of real estate developments, and the risks you may face against the returns expected.

We will advise you on the best neighbourhoods to invest in and guide you through the real estate purchase process. So, if you are confused about the type of house you should buy and what kind of investments make sense for you and your family, we are here to help for Toronto real estate.

 

Real estate developer- What makes our services Different?

As a leading real estate builder in the GTA, we stay on top of all things happening in real estate. Our knowledge of market trends and our continual collaboration with the best real estate valuers ensures that we provide you with solid advice.

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Success in your real estate investments relies on your ability to secure exceptional services in residential property management in Toronto.

I think we can agree that you don’t have the time to deal with bickering and non-paying tenants. This is where we come in. We have the time, the expertise, and experience handling all manner of residential and commercial tenants.

We understand that the maintenance of a commercial property is crucial for it to attain its maximum value on the market; and this is where we rank on top list of vendors for property management in North York. With Elviano in control, you don’t have to worry about your property losing its value because we offer a wide range of services in home management including inspection services, repairs, upgrades, and general maintenance services.

With over 10 years experience in investment property management we have an extensive portfolio of resources and with our very capable team of professionals we work for your investment to assure you the highest income and an even higher return on investment. These resources are available to you through Elviano in North York, Toronto, Thornhill, and the surrounding areas.

Note that our services cover commercial properties, multiple townhouses, as well as multiplex residential properties.

In commercial property management, we offer experience, efficiency, knowledge and a great deal of good judgment to ensure the professional administration of your income-generating properties.

Leave all the day-to-day management services to us. We will take care of the little details including timely rent collection, budget preparation, property improvement, repairs, and preventive maintenance services.

And, it doesn’t end there! At Elviano, we believe that the success of property management starts from building positive relationships with tenants while balancing the responsibilities shared between tenants and the property owners. Our goal is to make these relationships healthy and business-friendly. We do home management, office building management or commercial property management for our Toronto clients.

 

The other services we provide include:

Elviano tries to help clients after the development stage by doing cash flow & asset management, payment of property taxes, repairs, and maintenance services like cleaning. We also coordinate maintenance and repair services, and manage effective lessee-lessor communications.

Accurate, timely, and proficient bookkeeping, as well as move-in and move-out walkthroughs and reporting are just some of the other services we offer.

The best part is that we customize our real property management services around Toronto.

So, if you are looking for the commercial or residential property management in the Greater Toronto Area, feel free to reach out to us.

Tags : Residential property management Toronto, Home management North York, Investment property management companies, Commercial property management 

At Elviano, we kick things up a notch: we don’t just build, we transform properties. With the Toronto housing market boom, you might want to consider property development sooner rather than later.

Today, the real estate market is on the rise, and this means that you want the best investment partner on your side to help you address concerns about the future of the market, including expected risks and returns.

First we perform comprehensive research into the workings of the market, and then we offer guidance on how to invest smart. To make things better, we not only advise you on what to invest in, but we also help you build and transform your home. Investing in property developments in the Greater Toronto Area gives you an instrumental tool to allow your money to work for you.

Before we recommend a location, our team will evaluate the location of the potential property then calculate the expected return on investment by engaging top actuaries, accountants, and other professionals. We also evaluate the rental rates of property in the area before getting deep into property development, and most importantly, we evaluate the development growth of the area you may want to invest in.

Doing all this ensures that you make sound investments and a property development decision that gives you the greatest value for your money.

In all that we do, we understand that buyers are looking for homes that will suit lifestyles spanning different stages of life. We strive to provide homes that give people the freedom that comes with convenience and the right environment to learn, work, dine, shop, play, and live peacefully.

Note that our property development investment in Toronto is not only limited to providing excellent investment advice to homeowners but also to commercial investors.

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Given the size of the GTA it can be overwhelming when deciding where and when to build. By teaming up with experts you have access to the wealth of knowledge we possess on property markets to help guide your decision towards a profitable outcome.

Our decades worth of experience building and investing in property markets in the Greater Toronto Area gives us the advantage when advising you on developing in the GTA and what to expect.

If you are considering renovating or building a home, it means that you have an idea of what that home should look and feel like. Our job is to bring those ideas to life, to turn visions into reality.

At Elviano, we not only offer solutions for new build designs but we also provide excellent renovation services, as well as the restoration of heritage homes. Based on our firm relationships with top architects and interior designers, we offer unique design services easily distinguished from everything you see around.

 

What makes Elviano different property builders in GTA?

Our custom home design services will make your home a one of a kind masterpiece in the neighbourhood. As part of our premium service we model your ideas into 3D projections which we work on repeatedly and buff up until you have the envisioned end product in your hands (at an extra cost).

Our building management is 100 percent transparent. At the heart of the project management cycle is the client. We’ll help you make educated choices, and we will empower you to see and then approve all the expenses related to the project. Nothing happens off-book.

Open communication is at the backbone of our business, therefore to guarantee you get the house you want we combine all your ideas with our professional expertise to develop something truly special.

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An excellent custom home is a perfect blend of design features that bring out the best of what you want, and what architecture and interior design has to offer.

At Elviano, we pride ourselves on our extensive range of services. An expression of our capability to give homeowners personalized, and soulful homes with that much-needed elegant touch. By minimizing non-useable areas, and focusing on comfortability and functionality, we are able to create amazing beautiful new house with the much needed flow that most homes miss nowadays. As your custom home builders in Toronto, we make your new home an expression of your individuality, your inner spirit, and a homely cove you’ll want to spend your days in.

 

Services offered by Toronto Builder : Elviano

Elviano’s comprehensive range of services extends beyond our specialty in luxury residential construction to include commercial property management, and high-end renovations. Whether it’s building a custom home, managing your properties, building your commercial space (restaurant, hotel lobby, etc) or undergoing a complete office renovation, Elviano has the skills and expertise to meet demands in a timely fashion at competitive prices.

We offer an unparalleled quality of work and a devotion to cater to every family’s unique needs. We promise flexible scheduling as our team works tirelessly to deliver project results on time and without delays. With custom builds requiring a significant amount of flexibility from you and us, we work on developing a mutually beneficial schedule ensuring that we get the work completed at the right pace.

Over the years, our mission has been and always will be to provide our clients with the highest possible standards of home development. We have the privilege of working with the best people in the industry to deliver every element of the custom build to perfection in the least time possible. Hire a custom house builder in Toronto here.

 

Why Elviano - Luxury Home Builder

Being a family-run business, our commitment and dedication to you come from our family-first philosophy. On that end, we also pride ourselves in being the premium Toronto builder known for the development of environmentally friendly, economically sound, and highly functional beautiful house.

Working with our creative team, you can expect the development of a luxury custom home where elegance and sophistication fills every space.

With over 10 years of experience, our passion and focus on excellence in build and design, ensures an experience that is as stress-free as possible throughout the entire project.

If you are thinking about building a new customized family home, get in touch with us to learn more about our fully managed services and our unique design-build process. You will get all advantages to have a Toronto builder to build your custom property in Canada.

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