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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

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Public realm improvements are enhancements to public spaces such as sidewalks, parks, plazas, and streetscapes, often funded or contributed by. more

Mortgagee in Possession

A mortgagee in possession is a lender who takes control of a property after borrower default, but before foreclosure or power of sale. The lender. more

Lease Surrender Agreement

A lease surrender agreement is a negotiated contract between a landlord and tenant that ends a lease before its scheduled expiration. Terms may. more

Green Infrastructure

Green infrastructure refers to natural or engineered systems that manage stormwater, reduce heat, and improve sustainability in developments.. more

Escrow Holdback

An escrow holdback is a portion of funds withheld at closing and held in escrow until specific conditions are met, such as completion of repairs,. more

Underused Housing Tax

The Underused Housing Tax (UHT) is a federal annual 1% tax on the value of vacant or underused residential property owned by non-resident,. more

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