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The Future of Residential Property Management: Trends to Watch

future of property management

The landscape of residential property management is evolving, driven by technological advancements and shifting societal trends. In this blog post, we’ll explore the future of residential property management and highlight key trends that property owners and tenants should watch.

1. Integration of Artificial Intelligence:

Artificial intelligence will undoubtedly become a part of every industry and everyday life. It’s likely to be considered the most important innovation of our time. How will it impact property management?

Well, we already see it being used in a very basic form in online chatbots. It could very easily be used to diagnose tenant concerns, and schedule service calls quickly. It’s likely going to be used to review rental applications and vet tenants, too.

While we’re not there yet, it’s also not far away.

2. Sustainable and Smart Buildings:

Rentals have a bad rap—rightfully so. They’re often dirty and poorly maintained. The industry as a whole, from landlords to property management, needs elevated service—insert Renti.

Most single-family residential properties are privately owned and managed. This often results in landlords who invest the bare minimum in a property thinking it would otherwise be money wasted.

However, we believe that rentals are the future. Housing is unaffordable, and rent is the best alternative. Renting also frees up capital to invest in other ventures, be it traditional stocks, ETFs, and mutual funds, or personal businesses and trading cards. It provides a more stable and predictable budget. It enables people to be less tied down and more mobile.

Purpose-built rentals are going to be a hot commodity, and those built with a few extras, such as accessible and smart features that entice people to live there, will willingly do so at a premium—-and those tenants will likely be quality tenants who treat the property and landlord with respect.

3. Enhanced Tenant Experience:

Attention, Landlords! Tenants are your customers. Treat them that way. Provide them with a good product –the property they’re renting, and some added features, such as mobile apps that track their rent, enable easy service request submissions and communication, and they’ll be happier. On top of this, consider adding one or two key features to a house to set it apart. Simple things like a wifi thermostat and doorbell are easy and appreciated, up to motorized blinds and smart-emabled light switches contribute to somebody enjoying where they live that much more.

4. Remote Property Management:

Renti was created to fill a large void in the industry by providing a wide range of great services at a competitive rate. The industry is truly in its infancy and moving fast. Hiring a property manager enables real estate investors to invest their money in the market and then focus on more important things, be it other ventures or some much-deserved R&R.

With the introduction of mobile apps and websites that track income, expenses, and service requests, landlords now have instant access to everything they need wherever they go.

The future of residential property management holds exciting possibilities. This blog post provides insights into emerging trends, empowering property owners and tenants to stay ahead in an evolving rental landscape.

If you’re excited about investing in real estate or are already well into it and want a reliable property management company to help, let’s chat.

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229 – 336 Bronte Street South

Milton, ON L9T 7W6

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Critical Condition Report

It’s in the name! A critical condition report includes detailed photos, expiry dates, model numbers and more. It must be done at your earliest opportunity, and ideally, before a tenant moves in.

This report provides a reference for future inspections, assists in litigation, and minimizes future repair costs.

Rent Collection

Stop chasing payments!

Our electronic rent collection system collects rent automatically and tracks it through our mobile app. 

Tenants who pay through other methods will still have their rent deposited through Renti, tracked in the mobile app, and electronically deposited into your account.


Income and expenses in the palm of your hand. 

There’s no more need for spreadsheets, sticky notes, or late-night number crunching.

Monitor live data on your rental income and property expenses, and print custom reports for the annual tax season. 


Not all properties are alike, and some require a third party to assist with general maintenance such as replacing furnace filters and topping up of water softener salt.

Whether it’s a unique property or your personal preference, let’s discuss your needs and how Renti can help.

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Tenant Locating

We’re happy to cooperate with your real estate agent, or you can let us handle everything with one of our preferred real estate agents. Learn more about our proven process to qualifying tenants below.

Property Visits

Included with Renti’s standard property management services is one annual visit, as well as a move-in and move-out inspection between tenants.

If you require additional visits, whether for personal preference, to perform regular maintenance, or to satisfy your property insurance policy, we will coordinate visits on the fly, or at set intervals.

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Leave the complex tax paperwork to us! We will handle your monthly remittance and annual NR4 forms, ensuring you’re always in compliance without the stress.

Timely and Accurate Reporting: No more deadlines to remember. We take care of everything on time, every time, providing you with peace of mind and avoiding potential penalties.

Ready to simplify your non-resident withholding tax responsibilities? Contact us today.