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The Pros and Cons of Hiring a Property Management Company

So, you’ve got yourself a property, and you’re caught in the eternal dilemma: to manage or not to manage? That’s the question. Well, fear not, fellow landlords and landladies, because here at Renti, we’re diving into the pros and cons of hiring a property management company like us.

Let’s start with the perks, shall we?

The Benefits to Hiring a Property Management Company

  1. Rent Collection Made Easy: Picture this: no more chasing tenants down dark alleys for rent. With Renti, we’ve got our sleek mobile app to track every penny, making rent collection as smooth as butter. Say goodbye to those late-night phone calls!
  2. Annual Rent Increases: Ah, the joys of increasing rent. We’ll handle the dirty work for you, making sure you get what you deserve without any awkward conversations. You can thank us later.
  3. Evictions? Leave it to Us: Nobody likes evictions, but alas, they’re sometimes necessary. We’ll handle all the nitty-gritty paperwork and make those uncomfortable phone calls so you can keep your hands clean. No drama, just results.
  4. Tenant Troubles? Not Your Problem: Whether it’s a leaky faucet or a noisy neighbour, we’re the first line of defence. We’ll field all those frantic calls and emails, leaving you stress-free and sipping margaritas by the pool. Sound good?
  5. Property Inspections Made Fun: Okay, maybe not fun, but definitely easier. We’ll do those dreaded annual property inspections and provide you with detailed reports so you can rest easy knowing your investment is in tip-top shape.

Now, let’s talk cons. Yes, even superheroes like us have our kryptonite.

The Downside to Hiring a Property Management Company

  1. Cost: Let’s address the elephant in the room. Hiring a property management company like Renti isn’t free. It’ll cost you a slice of your rental income. But hey, think of it as an investment in your sanity, free time, and lifestyle; not to mention, it’s tax deductible! It’s totally worth it, right?
  2. Less Control: Handing over the reins means less control over your property. You’ll have to trust us to make the right decisions, which can be a bit nerve-wracking for some folks. But hey, we’ve got a stellar track record. Trust us, we know what we’re doing. And, for those of you who really like to be involved, we can tailor our services to accommodate you, such as calling for authorization before performing repairs or using your preferred vendors.
  3. Communication Challenges: Sometimes, miscommunication happens. You might prefer to handle things a certain way, but we might have a different approach. It’s all about finding that sweet spot of communication and compromise. We’re all ears!
  4. One Size Doesn’t Fit All: While we strive to meet your every need, we understand that every property is unique. Our services might not perfectly align with your requirements, and that’s okay. We’re flexible like a yoga instructor.
  5. Dependency: Once you start using our services, it can be hard to go back to DIY management. You might become dependent on us, and breaking up is never easy. But, we’re here for the long haul if you’ll have us.

So, there you have it, folks! The pros and cons of hiring a property management company like Renti, served up with a side of wit and charm. At the end of the day, it’s all about finding what works best for you and your property. And hey, if you decide to take the plunge with us, we’ll be waiting with open arms (and a stellar management plan). Cheers to stress-free property ownership!

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Office: (647) 951-5288

229 – 336 Bronte Street South

Milton, ON L9T 7W6

© 2022 Renti® | All Rights Reserved

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.

Tenant with keys

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.

Property Manager Doing Taxes


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.