How Royal York Property Management provides certainty in

Toronto, Ontario, Jan. 06, 2021 (GLOBE NEWSWIRE) — While Toronto has a reputation for being an expensive and unforgiving city for many renters, characterized by low vacancy rates and high demand, the COVID pandemic -19 led to some of the highest vacancy rates of the decade.

With the increase in vacancy, the power that was once exclusively held by landlords has shifted to tenants, who now demand lower prices and more favorable rental terms, creating an increasingly complex problem for landlords. .

Royal York Property Management aims to solve the problem of the ever-changing market by leveling the playing field for landlords and tenants. Thanks to an intuitive approach to guaranteed rental income, the owner can feel secure in this new market. sought to solve this problem with its intuitive approach to guaranteed rental income.

Founded by Nathan Levinson in 2010, Royal York Property Management has undergone years of experience and ingenuity, which has earned it widespread success. Royal York Property Management is no stranger to adversity – with the COVID-19 pandemic the company continues to implement its implemented strategies to keep landlords and tenants safe.

Delivering all services in-house, Royal York Property Management oversees all aspects of the lettings process, from placing tenants, providing legal advice to advising the landlord on federal laws and advising, or the provision of property maintenance services. This approach is more efficient, more economical and offers a guarantee of satisfaction. To reinforce its commitment to satisfaction, Royal York Property Management maintains full control over the quality of the work and does not invoice until the work has been completed with the owner’s approval.

Royal York Property Management also offers owners a rental guarantee that other long-term property management companies do not offer. Royal York Property Management guarantees the landlord a rental income, even if they encounter a defaulting tenant. If the tenant wishes to break their tenancy, Royal York Property Management will find another tenant to fill a new one-year lease, guaranteeing an additional 12 months of rental income to the landlord. If a tenant fails to pay their rent, Royal York Property Management maintains their rental income guarantee, pays for legal services to evict tenants and replaces the tenant free of charge.

Changing market dynamics in 2020 have also led to a much faster rental process – with tenants viewing and signing a lease in as little as a week. As the market shifts in favor of renters, renters are now demanding to insure their stay – like a freshly painted unit or a “hands-on” landlord. Royal York Property Management can provide an unparalleled level of support, knowledge and control over their rental properties through their customizable software. Thanks to millions of dollars of investment, their internal procedures and software allow them to meet increased demands and a faster schedule.

Royal York Property Management’s software facilitates a smooth process by screening tenants and protecting landlords right from the application process. It ensures that qualified tenants are treated fairly and that their rights are protected in addition to those of landlords.

The software allows tenants to easily and securely complete and upload forms and documents, upload photos and request work orders, and communicate directly with the landlord. It is a bounded, simple and user-friendly interface that allows tenants to enjoy the benefits of a convenient landlord while maintaining contactless communication during the COVID-19 pandemic.

Royal York Property Management’s trajectory over the past decade has steadily increased and promises to continue this trend. With eventual plans to make their software public, they are continually expanding their software and processes to expand beyond Ontario.

They have already delayed their expansion, but are now diving head-on, with short-term plans to branch out into the US to take over property management companies that require real estate licenses to operate. Over the next three years, Royal York Property Management aims to expand internationally with the current and ongoing acquisition of property management companies in California. In the meantime, Royal York Property Management is dedicated to adapting to Ontario’s dynamic rental market and serving as a leader in its field.

In a dynamic market, there is no room for chance when it comes to Royal York Property Management. With a decade in the industry, they use every experience to improve their process to provide owners with a solid foundation; bring certainty in uncertain times.

With their tenacious dedication to streamlining the property management system and their efforts to continually improve their processes and software, there is no doubt that Royal York Property Management will meet all of its objectives.

Media Contact:

Nathan Levinson


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