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Property Management

Learn what property management involves in Canadian real estate, from rent collection to maintenance and why it’s vital for investment success.

Property Management

June 16, 2025


What is Property Management?

Property management is the oversight and administration of real estate assets on behalf of the owner, covering leasing, maintenance, financial reporting, and tenant relations.

Why Property Management Matters in Real Estate

In Canadian real estate, effective property management improves tenant satisfaction, maximizes rental income, and preserves asset value—whether for residential, commercial, or mixed-use properties.



Responsibilities typically include:
  • Marketing and leasing units
  • Collecting rent and managing accounts
  • Coordinating maintenance and repairs
  • Budgeting and financial reporting
  • Ensuring legal and regulatory compliance



Property managers may work in-house or be hired as third-party firms, particularly for investors or landlords with multiple holdings.



Understanding property management is essential for scaling real estate investment and reducing operational risk.

Example of Property Management in Action

The investor hires a property management company to handle leasing, repairs, and rent collection for a 12-unit apartment building.

Key Takeaways

  • Handles day-to-day real estate operations
  • Includes leasing, maintenance, and financials
  • Vital for both residential and commercial assets
  • Ensures compliance with legal standards
  • Supports investor scalability and cash flow

Related Terms

Additional Terms

Recourse Loan

A recourse loan is a type of loan where the lender can pursue the borrower’s personal assets, beyond the collateral, in the event of default.. more

Pari Passu

A pari passu clause is a contractual provision ensuring that multiple creditors share equally in repayment priority from the borrower’s assets.. more

Non-Recourse Loan

A non-recourse loan is a type of loan where the lender’s only remedy in case of default is to seize the collateral property; the borrower is not. more

Net Operating Income

Net operating income (NOI) is the total income generated by a property after operating expenses are deducted but before taxes and financing costs.. more

Mechanic's Lien

A mechanic’s lien is a legal claim by a contractor, subcontractor, or supplier for unpaid work or materials provided for a property.. more

Lis Pendens

Lis pendens is a legal notice filed in the land registry indicating that a property is subject to ongoing litigation that may affect its title.. more

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