02/04/2023
What's the difference between our company (LLL) and a Property Management company (PM)?
LLL is an a la carte service for landlords - you pay as you need us, not a monthly fee.
A property management company looks after everything, and charges you a % of rent every month, even when they do not need to interact w the tenant. For some people, this is a perfect solution. For others, they don't mind a little tenant interaction.
A PM company usually collects the rent, and then deducts their fees, and sends you the balance. There may be a delay in you getting paid, every company is different.
With a PM company, if the tenant has any challenges (plugged toilet, lost keys etc), the tenant calls them, not you, and the PM company charges you extra to deal w these sorts of things.
If a professional needs to be called (plumber/sewer/electrician etc) a PM company will arrange them, for you, and charge back the cost (sometimes plus a % for themselves, but not always - ASK questions like that if you are thinking of hiring a PM).
With Landlord's Lifeline, we place a great tenant, and get out of your way.
You dont pay us monthly, but on a fee for service basis. You get paid direct (via etransfer from the tenant) but you can call on us, for anything you need help with.
We have our own relationships w plumbers, electricians etc. and we can oversee any work they do. We do not charge a % of the repair, but for the time we spend looking after your concerns.
Bottom Line - You pay only for WHAT you need, as you need it. No monthly fees.
Our 30 plus years as Landlords, has taught us, if you start w a great tenant, life as a Landlord is much easier!