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WE THINK LIKE LANDLORDS

How Landlord’s Benefit

Hundreds of Owners and Landlords put their faith in LPM and have been rewarded with increased property value and improved building conditions in their properties. Many Landlords cannot justify paying management fees because they think their property is too small, but LPMs management style pays for itself. Not to mention, all fees are a tax write-off as well!

Thinking like a Landlord means we scrutinize every invoice, not blindly paying it (like many other companies do). We are always in constant communication with our Clients to inform them of violations, maintenance issues, Lease negotiations, etc. Thinking like a Landlord means we act like partners and hide nothing.

Managing from a Landlord’s viewpoint means not spending money foolishly. It means doing our due diligence and investigating issues before calling a general contractor. It also means we do our best to not allow units to sit vacant and we work tirelessly to minimize downtime. Managing like a Landlord means we work on Tenant retention because we know vacancies are expensive and when Tenants are happy and comfortable in their living environment and know that a trusted company is managing them, they ultimately will take care of your investment too.

A small sample of what we do is:

  •  Re-stabilize Tenant issues in buildings
  • Perform Fall and Spring inspections
  • Our Manager’s visit their properties on a weekly basis
  • We get to know and develop long-standing relationships with our Residents’
  • We actively employ methods to reduce expenses, where necessary
  •  Cash flow is constantly monitored

DO’S AND DON’TS OF HIRING A PROPERTY MANAGER

Don’t…

  • Assume anyone can be a Property Manager
  • Use initial fees as the only comparison
  • Settle for those who juggle real estate sales, property management, and other ventures
  • Skimp on maintenance
  • Let one bad experience with a property manager colour your perspective of the industry
  • Hire a Property Manager without team support and an office environment

Do…

  • Research the complete fee structure, including hidden fees that may apply
    Look for an online portal to view all property activity and financial statements
  • Research the companies Google reviews (there’s a difference between ‘made-up’ reviews and authentic reviews)
  • Expect responsiveness – Your call or email should be answered or quickly returned.
  • Call references. Who else uses the Property Manager? What is their real experience with them?
  • Invite your Property Manager to clearly explain all the terms of the Agreement
  • Check out their office. Is it invited? Is it organized? Is it easily accessible?

Disadvantage of self-managed properties

We think you are doing a great job by yourself, but there’s always room for improvement!

If you are managing your own properties, chances are good that you have been stressed about maintenance issues, responding to Tenants inquiries or tangled in the legal notices. Does advice from family, friends, and casual legal advisors backfire? Do you have violations that you feel are unfair or unexpected?

If a self-managing landlord or a management company is not absolutely educated in maintaining properties and buildings or up-to-speed on regulation laws or city by-laws, it could result in large costs and repercussions. One violation or a missed date on a notice can cost more than several months of management fees.

At LPM we never stop searching for ways to cut costs. We prepare detailed accurate budgets for our Clients and monitor them closely. Many expenses are fixed, but for anything we can control, we are diligent in doing so. For example, there are many ways to improve the efficiency of the heating system, yet most Landlords are not aware how to take advantage of these small corrections. We put in the time and effort at no expense to the Landlord unless repairs or necessary upgrades are required to be done.

When you choose Limestone Property Management to manage your property, the transition will be smooth and trouble free. Over the years, we have developed a thorough transition checklist, ensuring that we secure all necessary documents and prepare accurate files. The process is very quick, easy and you will feel confident about LPM early on.

What Our Clients Say


  • “I recently moved from Alberta to Ontario for a work opportunity the team at Limestone Property Management is amazing to work with. Even though i was out of province they were so responsive, supportive and in general made the transition of finding a property really seamless and I always appreciate the human touch. Thank you again”

    Latoya Powder

  • “Highly recommend LPM for any landlords in Kingston. Limestone has rented three of our properties over the last year. Adam, in particular, was fantastic throughout the process of all three rentals. He was responsive, professional and gave ‘real’ feedback and advice without sugar-coating it. He works hard to not just find any tenant, but good, quality tenants and people. He went above and beyond during the purchase of our newest rental to view some of the homes we were looking at before we purchased and gave lots of feedback to help us make a good final decision. Strongly recommend LPM and Adam.”

    Jared Ginsburg 

  • “My housemate and I are student renters with limited renting experience. Everything with Limestone was well laid out and well explained to us. Staff were quick to answer our questions and we couldn’t be happier with the house. Thank you!”

    Maleeka T

  • I have never had a more professional and thorough experience dealing with a Property Management company before. Very responsive, exceptional customer service. The needs of myself and family were met with above average quality and attention to detail. I am very grateful for everyone in the office for their help and assistance.

    Tamara Bolger

  • “I wanted to express our thanks, in helping us find out next home, to the staff at Limestone Property Management. We have always been home owners and this was our first experience to look for a rental home. Right from the beginning, Limestone Staff (Reception, Adam, and Kate) have been very prompt, accommodating and helpful. We truly appreciate your help in our transition. We highly recommend people looking for a rental home to use this property management company!”

    Kathy McVety

  • “Throughout my association with Limestone Property Management as a property owner, I had always been extremely pleased with their service involving the rental of my home. My property manager, Kate O’Hara was always professional and always very expedient in keeping me apprised of anything I needed to be made aware of. My property was managed very well and any work requiring my notification and approval was always done in advance. There were never any “surprises”. I appreciated Kate’s polite and personal management style as well as her availability when needed. I would recommend Limestone Property Management to any homeowner who is considering renting their property. Sincerely, DP”

    Doris P

  • “After attempting the service of another company and having little success, I heard great things about Limestone and was not disappointed. They were honest and thorough in their process of renting my property and made me feel confident along the way. Thanks a lot for your help and I will definitely be using your services again soon!”

    David Kong

  • “Kate and Jason have been great to work with; they assisted us with each step, from assistance with the purchase of our income property to the turnover of tenants from the previous owner. They are always available if I have a question or concern and always provide thorough monthly statements. Kate has formed positive relationships with the tenants and I am confident that my property is in safe hands. A very dedicated and honest company to work with!”

    Meredith Simpson

  • “Kingstons best property management company ever. Jason is a stand up guy who is amazing to deal with, Kate was a God send. She was truly the most wonderful person to help with any situation. You can’t go wrong dealing with this superior team of people. Highly recommended, I wish there was an option for more stars. Thanks for everything!!!!!!”

    Tom Noftall

  • “Very pleased with my experience having Limestone Property Management manage my rental property. They consistently go above and beyond, and I’ve been able to live in another city knowing that my house and tenants are well taken care of.”

    Joseph Pape

  • “Kate is very friendly person she give a more information everything if l rent my house l definitely go this property management thank you for coming last Saturday”

    Shanthini Pavakaran

  • “We recently leased our home in Amherstview. We ‘interviewed’ three rated property rental companies in Kingston. They all presented very well, but we had a good gut feeling about Kate, from Limestone Property Management, and decided on Limestone. Our instincts turned out to be 100% correct. Within about a week Kate had three potential candidate families lined up. One family we quick off the mark and after vetting by Limestone we settled on that family. Kate clearly and concisely explained the services offered by Limestone. Being first time ‘landlords’ we asked many questions, at the time, and afterwards by email and phone. Kate patiently answered them all. She was very accessible. In the end we opted for their ‘Rent My House Package’ and soon had our first tenants signed up, payment received. I would highly recommend the services of Limestone Property Management anyone considering leasing their property.”

    Paul Jenkins

  • “I am very pleased with LPM. Jason was diligent and relentless and got the job done – my house was rented in less than three weeks! Thank you, LPM!”

    Angela Kehren

  •  “A professional group who has the resources and links to get the job done! Listened to our needs and worked to help us achieve our goal. You will not be disappointed working with this company!”

    Ian Irving

Head Office

1-189 Sydenham Street
Kingston, ON K7K 3M1 

Phone: 613-530-3340

Fax: 613-530-3459

Email: [email protected]  

 

 

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