It may be apparent. When individuals or companies buy real property as investments, they expect a decent return. When people buy stocks, equipment, or any other capital item, they are looking for equity growth. They seek minimal risk, and let’s face it, in real estate especially, the least hassle they can find. SilverLeaf Property gets it. It’s your property. And our priority. So we asked some of our clients:
Q: If you could wave a magic wand, what would you like for your properties and a peaceful night’s sleep?
A: A high return on our investments with no worries!
Q: What would that look like?
We received a wide range of answers, but for the most part, our clients agreed they would like to:
- Know if they have made a good investment decision and, if not, how to find the next one with a better chance of success.
- Mitigate the risk of owning income property.
- Find a reliable source for great tenants and have low vacancy rates.
- Not worry about the rising cost of repairs and maintenance.
- Stay one step ahead of the ever-changing laws regarding income property like taxes, rents, evictions, safety, and more.
Tons of factors affect ROI for our clients, but as full-service property managers in Saskatchewan, we have relied on excellent data coupled with just plain old down-to-earth people skills to give our clients that dreamless, restful sleep we all want and need.
Good Investment Decision
A good investment decision is based on gathering not just good data but the correct data, which requires first-rate, long-term knowledge of the market. In Saskatchewan, where SilverLeaf Property helps investors, the market can be complex. Saskatchewan offers a variety of property types, and the market dynamics can be diverse. The pandemic has affected various areas differently, and while some regions have seen declines, others have remained resilient.
Risk is part of the landscape of all real estate investors’ portfolios, but SilverLeaf Property prides itself on developing strategies and taking actions to maximize property values and investment returns. How do we do it? Our software crunches the numbers, but our experts interpret the data to squeeze maximum value from the properties we manage for our clients.
Tenants and Vacancies
According to many of our clients’ stories, tenants and vacancies contribute to most sleepless nights. Because SilverLeaf Property deals with Saskatchewan property management of all kinds, from residential to multi-family and commercial properties, we are especially sensitive to these challenges.
By thoroughly vetting tenants, we provide a better chance of maintaining a high value for our client’s commercial or residential real estate investments.
Vacancies are expensive. We try to minimize those, which sometimes includes evictions of renters who aren’t adding to the property’s value for one reason or another. It’s a tough lesson: vacancy sometimes adds more value than what is lost from a non-paying or uncooperative tenant.
Rising Repair Costs
Second to tenants and vacancies robbing owners of good sleep is rising repair costs. You can’t see these coming. Oops—the plumbing breaks. Oops—the roof collapses from unpredictably bad weather. The pandemic made everything more expensive, driving business and residential tenants to seek lower-cost or at-home working and living arrangements. We coped. SilverLeaf Property’s “Ownership-Without-the-Hassle” Property Management Services include:
REPAIR & MAINTENANCE
Outside of responsiveness and organization, we thoroughly screen all of the vendors we work with to ensure your property is getting the best possible repair and/or maintenance work for the best possible price.
We were able to work through the pandemic by relying on our long-term relationships with our repair and maintenance vendors to come out intact on the far end of the crisis. Maybe we lost some sleep, too, but we worked with out-of-province and Saskatchewan owners to find ourselves and most of them still standing at the end of the “battle.” Who could have known, right?
Increasing Encroachment by Legal Authorities
Saskatchewan, like any province, has its own legal challenges for business owners. The legal climate is constantly changing. SilverLeaf Property excels in keeping our clients updated and clear on their responsibilities as landlords and property owners.
Compliance is absolute, and ignorance of the laws, no matter how often they change, is not an excuse. SilverLeaf Property seeks to assure our clients that they are always toeing the legal line by staying current with all these laws—yes, so we all can sleep better at night.
CONCLUSION
For us, Saskatchewan property management fills us with excitement. We love it. We want our property owners to love it, too. We are driven to find ways to reduce expenditures, expand revenue streams, harmonize tenant relations, and take actions today that will create value tomorrow.
Maximizing value is a combination of minimizing risk, handling tenants, mitigating rising costs, and anticipating law changes. It all comes down to SilverLeaf Property’s long experience in this business, excellent software analysis encompassing the current and future marketplace trends, buying and selling smartly, and managing and understanding—with a good night’s sleep under our belts.
Please contact us here at SilverLeaf Property for Saskatchewan Property Management questions.
