General Information
E & S Management Services Ltd.
We charge 9% of the monthly rent for managing the property. We charge 1 months’ rent as commission when we rent the property, including the reference/credit checks and prepare the lease. There is no charge to renew a lease with the same tenant. That is pretty much the industry standard commission charge, and it allows us to co-operate with real estate agents who often bring us good tenants. For the management fee, we start visiting the property and doing a complete walk thru every week while it is vacant. During the heating season this is stepped up to twice a week. Once tenanted, the tenants open their own accounts for their utilities. Other companies do not charge until the property is rented, but then they do not do the inspections, which I think your property insurance would require. When the property is tenanted we conduct two inspections per year and issue a written report to the owner. There is no mark up on plumber, electrician or other maintenance contractors’ invoices, and we arrange all maintenance for you using licensed tradesmen. We get multiple quotes for jobs more expensive than $500.00, and we use our discretion when a repair is urgent, such as a broken pipe, even if we cannot contact you in advance. We also operate an Emergency telephone service 7/24 for tenants to call in the event of an emergency. We pride ourselves in taking care of your property as if it was our own. We drive by every tenanted property once per month, and take a picture of it. You can tell a lot about how a house is being maintained from the outside, and if we see something of concern, we make arrangements for an additional inspection of the interior of the house. If a major renovation is required, we charge a project management fee of 8% of the net cost of the project, which is far below the average in the market for project management, and we charge it on the net cost of the project before HST is added. We have to charge this as we spend a lot more time on the site ensuring your interests are being met by the contractors.We issue you a monthly statement, which includes copies of all receipts paid with regards to your property, and a complete annual financial report in January/February for Income tax preparation. The monthly rent, less expenses which are included on the monthly statement, is directly deposited into your bank account.E & S Management Services Ltd. has teamed up with a real estate broker who for a fee will post your property on the MLS listing. There are approximately 3,600 real estate agents who have access to this listing, therefore, increasing exposure and increasing the prospects of renting the property. The owner, Scott Munro served with DFAIT, as it was in his time, as an MCO for almost 41 years including 8 postings and 3 long TD assignments over more than 30 years in total. He has built this business on providing the sort of services he would have wanted for his properties while he was abroad.Should you have any questions, do not hesitate to contact the office. *
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