MiHouse Property Management

What we do for you at Mihouse Property Management

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1

What we do for you, explained:

We offer a Full Service, worry free solution for rental property management. Our goal is to protect your investment saving you time, effort and money. This way you maximize your cash flow, minimize your tenant vacancy period and have a well-maintained property.

2

Prepare your Property for Rental

We at MiHouse PM meet with you to evaluate your property and recommend necessary improvements to obtain the optimal monthly rental amount. The manager coordinates any maintenance or repairs based on your approval. We use our network of qualified suppliers to ensure the work is completed on time and at exceptional value. All major costs are to be verified by the landlord/owner before work starts*.

3

Determine an Optimal Rental Amount

We at MiHouse PM provide a complete market analysis looking at comparable properties to determine the optimal monthly rental amount for your property.

4

Tenant Placement

We market the property various places such as the MLS, Kijiji, Craigslist and others to get your unit rented as fast as possible. The communication tools include relevant websites, online classified ads. We pursue all leads and schedule all showings of the property advising you in advance. Michell and Marc are both registrants in CREA, OREA and TRREB so we can legally handle real estate transactions as required.

5

Tenant Screening

We take care to get you responsible tenants. We require each potential tenant to complete a detailed rental application form. We then verify their current employment and income status, complete all credit checks, and contact the tenant’s previous landlord(s) to verify payment history and care of property.

6

Rental Property Move In

We at MiHouse PM take the right steps to ensure an efficient move. We collect the first and last month’s rent in the form of certified funds or e-transfer prior to your tenant’s move-in. We prepare all rental and lease agreements. We take note of your property’s condition using digital photography. We instruct your tenant regarding rental payment terms and required property maintenance.

7

Rental Collections and Disbursements

We make sure rents are collected on time to maximize your cash flow. We promptly collect your rental income from your tenant at the beginning of each month. We at MiHouse PM will serve notice to the tenant, and advise you, if rent has not been paid. We coordinate the start of evicting your tenant in the event the rent is not paid to your satisfaction. See eviction section below.

8

Repair and Maintenance

We facilitate repairs and maintenance by using our extensive network of suppliers & skilled trades. We at MiHouse PM handle all requested repairs from tenants assessing their real need and contacts the right supplier. With all major repairs, we consult the owner with the estimated costs for approval*. We coordinate the ongoing maintenance, based on the owner’s needs which may include: painting, window upgrades, new flooring and carpeting, electrical upgrades, house cleaning, snow removal and lawn maintenance.

9

Tenant Evictions / Collections (extra costs involved)

If rents are not paid, we take the necessary steps to receive payment. If the tenant continues not to pay, we will begin the eviction process with your approval we begin the eviction process following the rules of the Residential Tenancies Act & the Ontario Landlord and Tenant Board. and keep you informed of all aspects of the process.

10

Tax writeoff?

In most cases all costs involved with what we do can be written-off with the taxman so we might not cost you much of anything for the services we provide. How great is that?