
Property Management Fees - What to Expect
June 18, 2025
Renting Provides Financial Stability and Long-Term Investment Potential: When your house won't sell, renting it out generates steady income to cover costs, allows you to benefit from future market appreciation, and helps you build equity over time.
Property Management Companies Simplify the Entire Process: Hiring a professional company like Rent In Ottawa Property Management removes the stress of being a landlord by handling crucial tasks such as tenant screening, legal compliance, maintenance, and rent collection, giving you peace of mind and flexibility
Many Canadian homeowners are experiencing slower-than-expected home sales due to rising interest rates, tighter mortgage regulations, and ongoing housing affordability issues. This trend has particularly impacted landlords and homeowners who need to relocate, downsize, or tap into the equity in their property.
If your house won’t sell, you may be feeling financial pressure or unsure about your next steps. The good news is you have options. Instead of continuing to lower the price or leaving the home vacant, converting your property into a rental may offer meaningful financial and lifestyle benefits.
Rent In Ottawa Property Management put together this article to help landlords understand what to do when a home doesn’t sell, and why renting it out, with the help of a management company, may be the most strategic solution.
When a property doesn’t sell, renting it out instead of letting it sit empty can deliver several advantages. Here are the financial and lifestyle benefits of turning your unsold property into a rental.
The most obvious benefit of renting out your home is cash flow. Whether it’s a condo, townhouse, or single-family home, rental income can help cover your mortgage, property tax, insurance, and maintenance costs.
In many Canadian cities, especially Ottawa, Toronto, and Vancouver, rental demand is strong, allowing landlords to collect competitive rent rates.
This monthly income can be a financial cushion while you wait for the housing market to improve. Instead of lowering your sale price and losing potential equity, you maintain ownership and cash flow simultaneously.
Holding on to your property allows you to benefit from future market appreciation. Even if the market is slow today, Canadian real estate has historically gained value over time. By renting it out now, you’re preserving your asset while generating income in the meantime.
This long-term investment strategy is ideal if you plan to sell in the future under better conditions or pass the property on to family members. You can build equity while someone else, your tenant, is helping to pay down the mortgage.
Once your home is officially used as a rental, you can claim several tax deductions. These include mortgage interest, property taxes, utilities (if you pay them), repairs, insurance, and property management fees. Over time, these deductions can significantly reduce your taxable income.
It’s important to work with a tax professional, especially when changing a primary residence into a rental. However, many landlords find that the tax benefits of renting more than offset the hassle of not selling.
Renting gives you time. If you are relocating temporarily, testing a new neighbourhood, or simply waiting for the market to turn around, keeping your home as a rental preserves your flexibility. You can decide to sell in one, two, or five years, without pressure to accept a below-market offer today.
This flexibility is especially helpful for military families, professionals with changing work assignments, or retirees considering downsizing.
Many landlords hesitate to rent out their homes because they worry about the responsibilities: tenant issues, repairs, rent collection, legal compliance, and more.
These concerns are valid. However, working with a professional property management company solves most of these challenges and makes renting a much easier process.
Here’s what you gain by hiring a property management company like Rent In Ottawa Property Management:
Finding reliable tenants is key to successful property rental. A property management company handles advertising, showing the property, screening applicants, and preparing lease agreements.
With professional vetting, you are far more likely to find tenants who pay on time, respect the property, and stay longer.
This minimizes vacancy periods and helps protect your investment.
Each province in Canada has its rental laws. In Ontario, for example, landlords must comply with the Residential Tenancies Act, follow proper notice procedures, and use standardized lease forms. Mistakes can lead to disputes, fines, or even loss of income.
A property management company stays up to date with all regulations, manages lease renewals, and handles legal issues if they arise, saving you time, money, and stress.
One of the biggest worries for landlords is dealing with maintenance. From leaky faucets to furnace breakdowns, repairs are inevitable.
Property managers have established relationships with licensed contractors, handle repair requests quickly, and ensure all work meets safety and code standards.
This ensures your property stays in good condition and keeps your tenants satisfied.
Timely rent collection is critical to your cash flow. A management company enforces lease terms, collects rent, and issues late payment notices when necessary.
In addition, you receive detailed financial statements each month, making it easier to track income and expenses for tax time.
With Rent In Ottawa Property Management, you’ll have access to secure owner portals for full visibility into your property's performance.
Knowing how much rent to charge, how to attract the right tenants, and how to navigate local regulations is all easier with local market expertise. Rent In Ottawa Property Management knows the Ottawa region well, from neighbourhood demand to seasonal trends.
This knowledge ensures that your rental property is priced competitively, remains occupied, and attracts responsible tenants.
If your house isn’t selling, don’t panic. Instead of lowering the price or letting it sit empty, renting the property can bring in monthly income, offer tax benefits, and allow you to retain long-term ownership. You’ll gain flexibility while still making a return on your investment.
Working with a property management company makes the rental process much easier. From finding tenants to handling repairs and rent collection, Rent In Ottawa Property Management takes the stress out of being a landlord. You get the benefits of rental income without taking on a second job.
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