Top 10 Best Property Management Companies in Toronto (2022)

Property Management Companies are an excellent option for you if you own a property but are unable to maintain it well.

In this blog post, I will give you a list of the Top 10 Best Property Management Companies in Toronto. If you also want to know about Rental Property Management then this blog post is for you.

Let’s first examine the role that property management businesses play.

For the management of owner’s property, property management companies offer a wide range of services, including:

  • Background checks and tenant screening
  • Once a tenant vacations an apartment, cleaning it and getting it ready for a new tenant
  • Creating lease documentation
  • Accounting, banking, and rent collection
  • Addressing requests for maintenance and repair
  • Grounds and common areas upkeep (lawn care, snow removal, sweeping, etc.)
  • Recruiting renters and displaying apartments to them
  • Managing late payments, tenant issues, and, if required, evictions

What does property management cost on average in Toronto?

The cost of property management in Toronto is affected by a number of factors, including:

  • Size Type of Rental Property 
  • Property Condition 
  • Services Offered 
  • Rental Property

However, the typical fee for property management in Toronto is between 7% and 14% of the total rent. You could occasionally be required to pay 20% for property management.

If you are also looking for similar property management in Toronto, then without wasting time let’s see the list of those companies.

Top 10 Best Property Management Companies in Toronto

I’ve done extensive research and analysis to compile the following list of Toronto’s top property management firms.

1. LandLord Property & Rental Management Inc.

LandLord Property & Rental Management Inc.``

LandLord is a property management real estate brokerage, and a residential construction company.  a real “one-stop shop” for all of your needs related to real estate investing & property management.

ServicesProperty maintenance, bills payments,  tax services, rent collection,  paralegal services, tenant search & screen, property insurance
Google Review4.6
Address515 Logan Ave, Toronto, ON M4K 3B3, Canada
Operating hoursMonday – Friday (9 AM – 5 PM)
Contact details+1 416-462-3800

They provide a variety of services, such as property management, real estate service, and renovation, for each stage of the real estate investment lifecycle.

Your investments will be handled and maintained with care thanks to their devoted team of property management experts.

Their in-house renovations and project management team can help you maximize the value of your current investments, while their fully licensed realtors can assist you in identifying special, strategic investment opportunities.

They may assist with everything from rent collection and bill payment to repairs, maintenance, and conflict resolution.

Their renovation specialists can help you through the process whether your property needs modest maintenance and repairs or a complete rebuild.

They have managed more than 2435 properties over the course of their 27 years of service. On Google, they have 4.6 reviews.

Customer reviews

“Nordic Cleaning has worked with Landlord Property and Rental Management for over 7 years now and has attended many of the properties in their Portfolio. From the moment you walk in the doors, you can tell that they care about the properties as if it was their own / They treat the tenants and the suppliers with respect. Brian and his team are an absolute pleasure to work with and I highly recommend them.” : Claus Olsen

“First time renting with LandLord Property & Rental Management Inc. and it has been a great experience. The staff is very friendly, all questions are answered quickly, and it has been an overall great experience so far!” : Ella Maltby

Pros
  • Always addressing concerns promptly
  • 27 years of experience
  • They have app
Cons
  • Expensive

2. Property Management Toronto

Property Management Toronto

Property Management Toronto is one of the best Property Management companies in Toronto they offer services including townhomes, homes, and condos.

ServicesCondos, Apartments, Townhouses, real estate, 24/7 maintenance, tenant relation, reporting, marketing
Google Review4.4
AddressStarwood Centre, 477 Richmond St W Unit 502, Toronto, ON M5V 3E7, Canada
Operating hoursMonday – Friday (9 AM – 5 PM)
Contact details+1 416-451-9499

They aid in the development of your investment property’s capital and rental income. They are a one-stop shop for everything from buying to selling, tenant selection to repairs, and everything in between. They handle all of your demands for investment property.

They have 25 years of industry expertise and a 4.4 Google rating. Their vacancy rate is 0.7%.

Their comprehensive offering of management services for landlords can assist in turning your home into a profitable investment. They handle everything, from choosing tenants to collecting rent to doing maintenance and repairs.

They advertise properties on their website and on social media platforms where potential renters look for rentals. Every member of the Toronto real estate market will view a property if it is listed on the MLS (multiple listing service, or MLS).

Customer reviews

“Property Management Toronto has been a lifesaver for me, I have been involved with them for several years now and the interaction has been extremely positive, They charge reasonable rates and provide a level of customer service ad professionalism I haven’t experienced anywhere else.” : Scott Webster

“I am so happy to have chosen Dana at Property Management Toronto.  They have provided top-notch professional service and replied to all of my questions and emails promptly.  I checked out several different companies but feel Dana was the most efficient and a pleasure to work with.   Some other companies took days to reply back to me and were not personable at all.” : Leena Kim

Pros
  • Tenant pre-screenings for careful tenant selection
  • Marketing to promote your property
  • 24/7 availability & support
Cons
  • Lengthy process

3. Performance Property Management

Performance Property Management

Performance Property Management is a real estate property management company for both homeowners and tenants. 

Servicesleasing & tenant placement, rent collection, inspections, maintenance, Tenant selection, communication, HST rebates, evictions, and accounting.
Google Review4
Address901 King St W Suite 400, Toronto, ON M5V 3H5, Canada
Operating hoursMonday – Friday (9 AM – 5 PM)
Contact details+1 416-645-3755

They assist a variety of clients around Kern County by easing their concerns about the security and safety of their properties and by providing tenants with the lovely houses they deserve.

They offer a range of property management services, including monthly bills, an online portal, tenant issues, maintenance issues, and more, for just 6% of the cost.

Their competent and swift service is unmatched, and their cutting-edge, technologically advanced approach puts a fresh spin on traditional ideals.

They offer less intrusive rental property management services in a safe and friendly environment. With effective processes for requesting property maintenance and employees on hand to answer your inquiries, they take that obligation seriously.

Customer reviews

“Performance Property Management has been managing my condo in the Toronto Entertainment district for over 3 years. They’ve always been professional, courteous, and responsive to all my needs and requirements. They deal with any issues with the tenant directly, and I’ve rarely needed to step in for anything. It’s exactly what I wanted and great to know that I can trust them to deal with my property rental details, get value from my condo, and not have to worry about a thing! Really happy with their services and staff.” : Inderpal Wig

“A friend recommended Performance Property Management (PPM) to me as he has been using their services for two plus years and has been extremely pleased. I initially met with Mathew and he was very professional and knowledgeable. He made the process of signing on with PPM easy and efficient. My downtown condo rented  quickly and I was happy to have all of the administrative aspects of the rental taken care of.” : Sandi C

Pros
  • Cost-effective
  • Rental referral bonus program
  • Easy rental payment procedures
Cons
  • Inconsistency sometime

4. Buttonwood Property Management

 Buttonwood Property Management

Buttonwood Property Management is a property management company that offers various services including residential property management, residential property rental, commercial residential property management, and buy/sell services.

ServicesOnline portal for landlords and tenants, bookkeeping, renovation, repairs, bill payments, inspections, collections, 24/7/365 emergency calls 
Google Review5
Address10 Yonge St Unit 2212, Toronto, ON M5E 1R4, Canada
Operating hoursMonday – Friday (9 AM – 5 PM)
Contact details+1 416-835-7191

From purchasing real estate to selecting renters and carrying out maintenance and repairs, their team of professionals works directly with landlords at every stage of the rental process.

They are experts in managing residential properties from beginning to end, including condos, townhouses, single-family homes, duplexes, triplexes, multiplex units, and commercial properties.

In 11 years of operation in a service sector that mostly deals with resolving concerns, there have been no unfavorable reviews.

Customer reviews

“Sabine and Rebecca have managed our property for the last three years. They are incredibly knowledgeable and hard-working professionals with who I have complete trust. They are excellent at managing communication with tenants and resolving any issues with our property. I would highly recommend Buttonwood” : Dilan Badshah

“I am very happy to work with the team! They respect the client and solve the problem with excellent service. Professional teamwork with details. I am very happy for the tenants they found for me. Definitely will recommend it to anyone. 🙂 Sabine is super awesome!!” : Wenqi Yang (Vicky)

Pros
  • 24/7 emergency availability
  • Timely payment of property expenses
  • Umbrella landlord insurance
  • 2 Months Free
Cons
  • Expensive

5. Bridgeway Property Management

 Bridgeway Property Management

Bridgeway Property Management offers a wide range of property management services including Property Marketing, Property Inspections, Financial Reporting, Maintenance, Legal Guidance, Evictions, and Rent Collection.

ServicesTenant screening, inspections, rent collection, maintenance, property marketing financial reporting, legal guidance, evictions
Google Review4.9
Address  70 Nina Street – Toronto, ON M5R 1Z6
Operating hoursMonday – Friday (9 AM – 5 PM)
Contact details(866) 604-8807

They have 4.9 reviews on Google and have been managing properties in Toronto for two decades. They provide the Leasing Plan, Standard Plan, and Premium Plan as different pricing options.

For the leasing plan, they charge one month’s rent, with the Standard Plan costing 6-7% of the monthly rent and the Premium Plan costing 11-12%. For more information, see their pricing.

Customer reviews

“I rented from one of Bridgeway’s properties back in 2015-16 and not only loved the space, but also our point-of-contact, Shirley. Understanding, quick to respond, and efficient, it was a pleasant experience from beginning to end.” : Meghan Yuri Young

“Out of three property managers, I set up to interview, Shirley was the first and I canceled the other two interviews. Shirley is very reliable and dependable and we are lucky to have her as our property manager!” : Violet Lisku

Pros
  • Property Inspections
  • Tax reporting
  • 24/7 support
Cons
  • Less experience in multiple unit properties

6. ICC Property Management Toronto

ICC Property Management Toronto

ICC Property Management Toronto is a condo property management company that offers services including Property Types, Condo Property Management, Commercial Property Management Residential & Rental Property Management, Townhome Property Management, and ICC Property Maintenance.

ServicesCondo Property Management, Commercial Property Management, Residential & Rental Property Management, Townhome Property Management, and ICC Property Maintenance.
Google Review4
Address2875 14th Ave Suite 300, Markham, ON L3R 5H8, Canada
Operating hoursMonday – Friday (9 AM – 5 PM)
Contact details+1 647-559-4322

Although there are both big and small clients in the ICC® portfolio, each one receives a customer-centric approach. Customers are relieved that they won’t be dealing with a huge conglomerate since they know that ICC® only has their best interests in mind.

Whether managing a sizable high-rise building or a small group of close-knit condo owners, they work diligently, with honesty, and are proud of the abilities they can offer to the table. Over 25 years later, ICC® is still in charge of its very first client.

Customer reviews

“My building has been managed by ICC Property Management. Sarah Corbani, our property manager is nothing short of amazing. Sarah always answers any questions or concerns I might have promptly and is very resourceful and Hands-On.” : Amanda Nicole

“Jennifer Brown is a great asset to our condominium and the ICC service. Jennifer provides excellent support, great attention to detail, great financial management of resources, and communication standards. We are fortunate to have her on our management team.” : James Rogers

Pros
  • Manage amenity bookings online
  • Track maintenance activities and reminders
  • Manage all security and concierge records online through their system
Cons
  • Expensive

7. Zahra Properties

Zahra Properties

Zahra Properties is a real estate investment and management company in Greater Toronto. Over 400 properties are managed in their portfolio.

ServicesProperty management, Finance management, maintenance
Google Review4.2
Address121 Jefferson Ave, Toronto, ON M6K 3E4, Canada
Operating hoursMonday – Friday (10 AM – 6 PM)
Contact details+1 416-516-0513

They have rental options ranging from unfurnished to furnished all throughout Toronto. They work with partners including financiers, bankers, contractors, and—most importantly—tenants.

They are here to help you from discovering your ideal to managing financials, So it could be the best company to go with.

Customer reviews

“Would definitely recommend it to anyone looking to lease a home. Great response times from the team at Zahra.” : Eric Osei

“I have had a great experience with Zahra properties. The staff is friendly and professional. Zahra Properties handle all maintenance issues really promptly and have a good team/network of providers at hand.” : Aine Stafford

Pros
  • Great customer service
  • Handels payments
  • Offers maintenance
Cons
  • Process delays occasionally

8. Goldview Property Management

Goldview Property Management

Goldview Property Management is a Canada-based property management company, they have managed over 130 buildings.  is the go-to management company for trusted advice in the condominium market.

ServicesCondonium property management, residential property management, and environmental property management 
Google Review4.2
Address51 Toro Rd, North York, ON M3J 2A4, Canada
Operating hoursMonday – Friday (10 AM – 6 PM)
Contact details+1 416-630-1234

As a market pioneer, they successfully oversee a sizable and diverse portfolio of residential and commercial properties in the Greater Toronto Area, with the majority of their expertise focused on the Toronto condominium market.

They are also dedicated to promoting “green management” through the adoption and encouragement of management practices that conserve energy.

Customer reviews

“Our heritage lofts in the downtown core enjoyed the professional management provided by Goldview about a decade ago. I’m glad we are now back with the Goldview team. All staff members provide exceptional services and are ready to solve issues when they arise.” : Carol Gray

“I am so grateful to Najada Cekani for responding to concerns, and doing her best to help out unit owners when they are in need of assistance!  Thank you, Najada, for all of your efforts, and particularly for the regular information updates!” : Cherie Z.

Pros
  • Cost-effective solutions
  • 30 years of experience
  • Great care and diligence
Cons
  • Expensive

9. Real Property Management 

 Real Property Management 

Real Property Management Service Toronto is a property management company that specializes in managing multi-unit buildings, condominiums, and single-family homes.

ServicesTenant Screening & Selection, Regular Inspections, Comprehensive Accounting, Strict And Compliant Evictions, Full Service Leasing, Timely Rent Collection
Google Review4.3
Address23048A Bloor St W Unit 1, Toronto, ON M8X 1C4, Canada
Operating hoursMonday – Friday ( 9 AM – 4 PM), Sat – Sun (10AM – 4PM)
Contact details+1 416-642-1404

They provide management services to the metropolitan Toronto area and the nearby suburbs. They have a staff that is well qualified and aware of the local markets, and they have more than 30 years of expertise in real estate.

Real Property Management maintains tens of thousands of properties for individuals, investors, and institutions across the nation with the help of over 300 offices, regional knowledge, and a highly responsive team.

Customer reviews

“I can’t say enough good things for the team at Real Property Management Services. Having now worked with several “property management” companies, I can without a doubt say that Real Property Management Services is the real deal. The level of detail they go through needs to be appreciated only by experience. Going through their process, I have now increased my rent roll revenue, but have also added additional value to my properties! I cannot highly recommend it enough!” : Allen Chin

“We have used RPM for a couple of years now and are happy with the service we have received on a continuous basis so far. Issues are  dealt with very quickly, emails are replied to in a timely manner, and quotes on repairs are fair.” : Indira Sharma

Pros
  • Strict And Compliant Evictions
  • Full-Service Leasing
  • Timely Rent Collection
Cons
  • Lengthy application process occasionaly

10. CPO Management

CPO Management

CPO Management is a Toronto-based property management website that offers a wide range of property management services including Accounting and financial management, Administrative and day-to-day operations, Maintenance, and Project Management.

ServicesAccounting and financial management, Administrative and day-to-day operations, Maintenance, and Project Management.
Google Review4.3
Address7250 Keele street, Suite 420 Concord, ON, L4K 1ZB
Operating hoursMonday – Friday ( 9 AM – 5 PM)
Contact details+(1) 416 797 6982

They provide maintenance for all significant property types, including offices, privately held buildings, and condominiums for both residential and commercial use.

Their background in engineering and understanding of the mechanical and structural aspects of the buildings provide a distinctive value proposition to their clients since it enables them to identify issues before they arise and offer a workable solution.

They are experts in preventative strategy, act in the best interests of the company at all times, pursue constant innovation, have a growth-oriented mindset, and provide 24/7 community support.

Pros
  • Expert in preventative measures
  • Advisor on all condominium affairs
  • Forward-looking mindset
Cons
  • Not created GMB account

Essential reads:

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Remember to thoroughly study potential property management companies before selecting one, giving preference to those with more expertise. Check out the property and gain a thorough understanding of the market before renting it out.

We anticipate that after reading this blog piece, you will have no trouble finding the answers to your inquiries and realizing what are top 10 best property management companies in Toronto.

FAQ

Q: What are the benefits of using property management companies?

Ans: Property management businesses may be the ideal option for you if you want to rent out a property but don’t have the time to manage tenants, lease your properties whenever they are empty, and collect rent on time.

Q: How long will it take to find tenants for a rental property?

Ans: Depending on the various factors property management companies can find a tenant within a few weeks.

Q: Do property management companies help with property maintenance?

Ans: They take care of various types of maintenance including plumbing issues, electrical problems, leaky faucets, etc.

Q: Does hiring a property manager to mean I lose control over my property?

Ans: No