Property Management in Toronto Makes Condominium Ownership Worthwhile

In Toronto, or any city in Ontario, for that matter, owners of one or more condominium units are considered as one entity, or what is known as a condo corporation. These people, in turn, elect a board of directors to oversee day-to-day property operations, from cleaning and maintenance to parking issues. Most board members regard property management as a full-time job, something that requires a great deal of time and effort. Fortunately, board members don’t have to stretch themselves too thin as they can turn to a Toronto property management expert instead. With condominiums, buyers gain the advantage of having quality living spaces as well as lucrative investments. Condominium acquisition may lead to a position in the board of directors and, in turn, result in assuming responsibility for overseeing the property on behalf of other owners. Fortunately, experienced property managers, like the ones from ComField Management Services Inc., can lighten the load for condo owners.
http://www.comfield.ca/property-management-in-toronto-makes-condominium-ownership-worthwhile/

Looking for Toronto Property Management Companies? Here Are Some Tips

In condos, occupants only own their unit and share ownership of common facilities like the pool or clubhouse. Practically speaking, when the elevator breaks down or if the driveway is frozen, there’s no landlord to run to, just the homeowners’ association—which is composed of the unit owners themselves. Of course, most condominiums hire property management companies in Toronto like Comfield Management Services to oversee the day-to-day operations of the property, though some choose to self-manage their building.
http://www.comfield.ca/looking-for-toronto-property-management-companies-here-are-some-tips/

Property Management Companies in Toronto Rise to Current Challenges

With all the talk of new retail and office spaces in Toronto, condominiums are going to play a major role in providing living spaces to people who want to live right next to where they work and play. Novice rental property owners should be ready to face the difficulties of administering a condominium swelling with tenants. Fortunately, firms that offer assistance with property management in Toronto are on standby to lend them a helping hand. Handling the affairs of rental real estate can be extremely tedious, especially if numerous tenants have equally pressing problems that need solving. Admittedly, investors and property owners don’t always have the time or energy to completely oversee operations at their condos. To ease administration woes, investors can seek the aid of property management companies in Toronto, such as Comfield Property Management Services, that can capably run basic supervision procedures on behalf of their clients.
http://www.comfield.ca/property-management-companies-toronto-rise-to-current-challenges/

Toronto Property Management Experts Suggest Getting Documents in Order

Property managers are duty-bound to provide a tenant or buyer information on the property the latter is about to purchase or occupy. Real estate lawyer Bob Aaron speaks out of experience in TheStar.com, having stood as an expert witness in a lawsuit that best defines this duty of property managers. The case involved condo townhouse owner Kelly Jean Rainville who went up against her own lawyers, the property manager and its staff, as well as the condominium board members, for failing to properly inform her of the correct floor plans of the unit she had bought.
http://www.comfield.ca/toronto-property-management-experts-suggest-getting-documents-in-order/

Toronto Property Management—Is Your Property Exempt from Rent Control?

Savvy Toronto condominium owners can relate to the importance of screening tenants and collecting rent on time. They’re also aware that business costs increase every year, so it’s necessary to raise the rent yearly to cover these increasing costs. Thankfully, the government does allow these yearly raises to happen, albeit only up to a certain amount. According to news reports, the Ontario Government has capped the rent increase for 2015 at 1.6 percent.
http://www.comfield.ca/toronto-property-management-is-your-property-exempt-from-rent-control/

Always Protect Your Investment with a Toronto Property Management Firm

The result is that the supply of available office spaces in these two cities is being outweighed by demand, as tenants scramble to earn a spot in what little remains. For those who own commercial properties for lease in Toronto, it’s in their best interests to work immediately with a reliable Toronto property management agency, like ComField Management Services, to screen potential tenants and protect their investments. After all, the last thing property owners want are tenants who would cause problems and cancel the lease agreement sooner than expected. Screening tenants is just the tip of the iceberg, though, in commercial property management. Property managers also ensure that the lease agreement is comprehensive and well-defined, for the benefit of both the property owner and the prospective tenant.
http://www.comfield.ca/always-protect-your-investment-with-a-toronto-property-management-firm/

Toronto Property Management: Gearing up for Condominium Act Amendments

Thestar.com's report further says that: Condominiums represent about 50 per cent of all new homes built in Ontario, with about 10 per cent of the province’s population calling a condominium home. As the capital of Ontario, Toronto hosts a large portion of the province's condominiums, and thus would be the area most affected by any amendment to the Condominium Act. Condo owners and tenants welcome the prospective changes, as do reputable Toronto property management companies like Comfield Management Services Inc., who have long been providing condominium boards and corporations with the kind of professional services needed in the industry. These firms typically take care of the legal, financial, and day-to-day responsibilities of running a condo.

http://comfield.ca/toronto-property-management-gearing-up-for-condominium-act-amendments/