“Owning Rental Properties in the GTA doesn’t need to be difficult.”

Rates are based on the monthly rental income. Call Centrium today to discuss our rates and fee structure.

It may not seem like there is much difference between the two options. Simply put some furniture in your suite and rent for a higher rate. Unfortunately, this is not the case. It is a common misperception that since furnished rentals achieve higher rents they must generate more income. This assumption flawed for many reasons.

Furnished suites are basically long term stay hotel rooms and come with electricity, cable, phone, internet service and sometimes cleaning services. The leases are most often 3 – 6 months and the vacancy rate can be as high as 30% in the off season months. For these reasons, we generally suggest renting a property unfurnished for long term 1 year leases and let the tenant pay for the heat, water, hydro, cable, phone and internet service. Other benefits of renting your property unfurnished are that you get steady income with only a 1-2% vacancy rate, you will not have transient tenantsthat furniture.(which are more costly to repair than bare walls and carpet.)

There are circumstances where renting furnished makes sense. For example, in cases where the owner of the property is the primary resident and will be taking extended leave. Due to the high cost of storage and the possibility of the owner using the property throughout the year or coming back to live permanently, this scenario supports renting a property furnished for convenience and availability.

Tenant Placement is a term that we use to refer to the process of placing a new tenant, including advertising, showing and approving a qualified tenancy.

No, we do not have standard rates. Each company charges and structures their rates to reflect the services and expertise provided. However, you will find that for the quality of service you receive, Centrium is very affordable.

The property managers at Centrium work in a similar structure to that of a real estate sales representative. This means we work independently for our clients to provide them with personal service that a typical property manager working 9am-5pm in an office cannot. We are available for our clients 7 days a week, 365 days of the year by mobile phone or email, and we are also available for evening and weekend showings. This flexibility allows us to make sure that we find the best tenants for your investment.

Centrium limits the amount of properties that each property manager can effectively manage. Therefore, we do not have assistants and other staff involved in the process. You will deal directly with your property manager on every issue concerning your property.

Centrium utilizes the Internet to its fullest to advertise and attract qualified tenants for your investment property. We have accounts with many of the frequently visited property rental sites and also use social media to place your property in front of thousands of viewers. We advertise on Craigslist, Kijiji, Facebook, Twitter, Google+, YouTube and more!

Centrium takes a full application on each and every tenant that we place in our client’s properties, including authorization to perform credit and reference checks. This information gives us a history of financial responsibility, confirms previous addresses and gives us work history and income verification. All of our property managers are experienced and well trained in reading the credit histories and noticing any inconsistencies in the information that the tenant is giving.

In an effort to lease your property as soon as possible, whenever the perspective tenant wants, within reason of course. If a property is currently tenanted, we are limited as to how often and when we can show the property; however, since we always keep a good working relationship with our tenants we rarely have a conflict. Preferred showing times are during daylight hours to show the property in its best light but unfortunately, schedules don't always permit and this can be difficult in winter months. This makes Saturdays and Sundays very popular days to conduct showings.