RESIDENTIAL PROPERTY MANAGEMENT
Multi & Single-Family
Residential Income Generating Property Management
Are you looking for a new place to call home?
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Whether you have invested in real estate to generate revenue or have moved from your residence and wish to retain ownership as a property manager, Larlyn can help maximize your return while protecting your investment.
Larlyn’s residential property management services strive to increase your profits and property values while decreasing your workload and involvement. Whether you’re a private real estate owner, developer or asset manager, we work with you collaboratively to achieve your goals. Your success is our success!
From our quality and depth of staffing, clarity of comprehensive financial reports and ongoing quality management systems demanded through IS0 9001 and IREM’s Accredited Management Organization certification, Larlyn exemplifies its drive to deliver outstanding customer service and a commitment to quality property management to residential property owners across Canada. As a leading property management company, we’ve been continuously raising the bar in customer satisfaction since 1975.
Residential Property
Management Services
When you hire Larlyn to take care of your rental property management service, we can take care of it all. We protect, maintain, market, consult and handle the finance and administration of your assets. We are your partner behind the scenes, and we’ll manage your investment property and increase its value as if it were our own. We possess the property management experience and expertise in residential, commercial and mixed-use properties.
The Key to Success is a
Happy Tenant
It is a well-known fact that it is easier and more profitable to keep a tenant than to find a new tenant. To keep vacancies low, customer service satisfaction must be high. Your customer is our customer! Larlyn’s rental property management team has the experience and training with various amenities and building features to ensure tenants feel at home.
How We Create Happy Tenants
Larlyn tenants are always treated with respect, and we strive to make them feel like a part of the family. Welcome gifts upon move-in, cost savings extended through our VIP Program and making communication a priority is just the start of building positive, lasting relationships with satisfied tenants.
Why Choose Larlyn‘s Rental
Property Management Services
We offer the vast benefits of a large, diverse, successful national company along with the pride of local care that is extended by the experts in each of our regional offices.
Client Successes
As a leading property management company in Canada, we love to share examples of our successes where we worked hard to solve problems, lower vacancies, improve cashflow, reposition properties and add value to investments.
Considering working together or have questions?
100%
OCCUPANCY
140 Langarth, London, ON
Problem:
- 30% vacant
- An undesirable mix of tenants resulting in high turnover and tenant arrears
- Numerous police call outs & neighbourhood complaints
Results:
- Removed all existing tenants
- Upgraded all units and common areas, replaced roof and windows
- Within 6 months, a 5 year head lease was signed with a local social agency resulting in 100% occupancy for the last 10 years
- Working with a local utility company to upgrade all lighting & appliances to energy-efficient products to reduce operating costs
VACANCY BELOW
6%
ANNUALLY
Stanley Park, Kitchener, ON
Problem:
- High vacancy, with rents lower than competing properties
- The building was in state of disrepair, maintenance deferred
- Underground parking garage leaking
Results:
- Repositioned building in the marketplace
- Renovated hallways, lobby and individual suites
- Installed new membrane and plantings on the parking garage
- The majority of undesirable tenants turned over, resulting in lower vacancy
- Rents doubled within 24 months
- Vacancy rate reduced to below 3% annually
- Client objectives met, property units sold
COMPLETELY REPOSITIONED
Chelsea Park, Kitchener, ON
Problem:
- High Vacancy, high arrears
- General maintenance deferred
Results:
- Complete interior and exterior renovation, including common areas and suites
- The majority of undesirable tenants turned over, resulting in lower vacancy and arrears
- Rents increased between 30% and 45% within 24 months
- Client objectives met, property units sold
YEAR TO DATE
VACANCY BELOW
2%
Legacy, London, ON
Problem:
- History of high vacancy throughout many owners, minimum 25%
Results:
- Repositioned building in the marketplace
- Completed minor unit upgrades as well as hallways and lobby at a minimal cost
- Vacancy reduced to market within 6 months
- Year to date vacancy fell below 2%
- Client objectives met, property units sold
VACANCY REDUCED TO
3%
River North, London, ON
Problem:
- Building in a state of disrepair
- Vacancy at 75%
Results:
- Completed all necessary repairs including suite upgrades, common area upgrades, underground parking garage repairs and riser replacements
- Repositioned building within the market
- Vacancy reduced to 3% within 18 months
- Mortgagee’s objectives met, property sold
SAVED
$78,000
IN OPERATING EXPENSES
Colborne Centre, London, ON
Problem:
- Minimum 12% vacancy in a quality downtown building
- Deferred Maintenance
- Operating costs were out of control resulting in negative cashflow
Results:
- Maintenance brought up to date
- Saved $78,000 in operating expenses
- Brought vacancy down to 3% within 12 months
- Positive Cashflow achieved
- Client objectives met, property units sold
Larlyn will never take your business for granted.
We work hard to continually guarantee your satisfaction.
Considering working together or have questions?
Frequently Asked Questions
Our team will treat your investment as if it were our own, handling maintenance requests, leasing vacant units, collecting and depositing rent, and more!
We manage all residential properties, from housing units, apartment buildings, condos and more.
We do everything we can to rent your property as quickly as possible. During this process, we screen prospective tenants and review applications to find the best fit for your residential property.
