SHADD Realty
Full Service Residential Property Management
SHADD Realty

1-937  Wellington Street West
Ottawa, ON
K1Y 2X5

tel:        (613) 299-8878

Property Management Rates

Property Management Fees are calculated as a percentage of the gross rents per month and the number of units we manage for each client. There is a minimum charge of $50 per month per unit.

In addition, there is one time tenant finding fee of half a month's rent. There is a minimum tenant finding fee of $500 per unit.

The more properties you have under contract with us, the more you save! Our rates are incredibly low to begin with but are amazingly low if you have multiple properties assigned to us.

Moreover, we do not burden you with hidden or surprise costs. Each unit is entitled to one free maintenance visit per month. In other words, for no additional charge at all, we will come to inspect the problem (leaky faucet, appliance not working, tenant locked out, etc). If it is a quick fix, we will more often than not take care of the problem on the spot, free of charge. If it requires an additional visit within 30 days, there will be a nominal charge of $25. If it requires more substantial work to fix the problem, we will obtain a time and cost quote for you. Upon your approval, we will arrange the appointment and see that the contractor has access to the property. If you prefer to not be contacted directly concerning minor repair costs, that is an option for you as well.

Replacing/finding tenants comes at a cost of half a month's rent. This cost covers all expenses related to advertising, screening, and lease preparation/signing. If the tenant continues to rent the unit for year after year, you will not incur this cost a second time. Once a tenant vacates the property, this fee will apply again for finding a new tenant. We guarantee that the tenant we find for you will stay for at least 1 year or we will not charge you for finding a replacement tenant! This offers you protection against incurring greater expense. It also gives us additional vested interest to find you a premium tenant.

On top of these great low cost features, we will not charge you a monthly management fee while your property is vacant! This guarantees you that the only time you will pay a monthly management fee to us will be when you have a tenant under lease to pay rent. For example, if your existing tenant vacates on July 15th and a new tenant is found during August but is not moving in until September 1st, you would pay the monthly fee for July but not for August. Monthly fees would resume in September.

We urge you to compare our rates and features to our competitors although you may have a difficult time doing so with most companies not clearly and openly displaying their rates and features on their websites. We believe in transparency in our rates and our services. It's by keeping clients happy that we continue to grow and succeed!

Number of Units:   1 - 8           9 - 15          16 - 24            25+
Rate (%)                 5 %            4.5 %          4.25 %            4 %