Types of Properties RPM Manage in Mississauga
Finding Tenants in Toronto
The Difference Between Apartments, Condos, and Townhouses
Residential Leasing in Toronto
Although the words are often used interchangeable in speech, when it comes to investing in a rental property, the terminology needs to be accurate. The most evident differences between an apartment, a condo, and a townhouse relates to the physical structure, the living space to shared amenities ratio, and ownership, liability, and maintenance.
Apartment. Sharing walls, floors, and ceilings within a building, apartment tenants also share common areas and amenities. Because apartments are normally rented, the landlord is responsible for the cost of maintenance and homeowner’s fees.
Condominium. Although a condo is individually owned, the ownership is restricted to the inside structure of the interior unit and not the land. The costs associated with the shared property and amenities such as a pool or gym mean that homeowner’s fees are higher.
Townhouses. Sharing only an adjoining property’s wall, a townhouse is an individual living space. Ownership includes the structure along with the land on which is built, including the front and back yards. Because there are limited community amenities, the homeowner’s fees are reduced.
FAQ to Mississauga Condo Living Managed by RPM Services
Rent Collection in Toronto
How Does RPM Services Make Sure Properties are Leased Quickly?
Property Evaluations in Toronto
With tens of thousands of properties in 300 locations on our books, we are also the go-to rental agency for renters. Not only is your residence quickly rented, but with quality occupants too.
How Can RPM Services Assist Mississauga Property Owners?
Property Maintenance Toronto
For more information on how Real Property Management can manage your Mississauga property, contact us today.
Your choice for Toronto Property Management
Proudly Serving Toronto and the surrounding area
Real Property Management provides industry-leading solutions for all of your real estate and property management needs in the Toronto area.
We are local experts with the resources and experience to help you earn more on your rental properties and successfully invest in the area’s thriving residential and commercial market.
How We Can Help
It doesn’t matter if you own one rental home or several, our goal is to protect and maximize your property investment. Using 30 years of experience Real Property Management has streamlined its processes to help rental home owners maximize rental income while minimizing expenses and inefficiencies.
We take care of all types of residential rental properties for our clients – houses, condos, multiplexes such as duplexes and triplexes, and even small apartment complexes.In addition, some Real Property Management offices manage strata / condominium corporations, institutionally owned properties, and commercial property.