MULTI-FAMILY RENTAL PROGRAM
At AspirePeak Properties Ltd., we pride ourselves on delivering property management solutions for investors that maximize your rental property's potential. Whether you’re purchasing a new build multi-family property or already own an established multi-family property, our services are designed to ensure seamless operations, attract quality tenants, and maximize your return on investment.
PROFESSIONAL MARKETING
At AspirePeak Properties, we understand the nuances of marketing multi-family properties. Our strategies are designed to highlight the unique features of your multi-unit building, attracting tenants who are a perfect fit. We utilize professional photography, 3D virtual tours, and detailed floor plans to showcase each unit. Your property will be advertised across high-traffic platforms and our team also places professionally designed "For Rent" signs on-site to capture local interest. With these tools, we ensure your property gets maximum visibility and attracts long-term tenants.
Finding the perfect tenant is an essential part of ensuring that your investment property operates smoothly for years to come. Through our comprehensive technology driven screening process we can do much more than a simple credit check. AspirePeak Properties uses Front Lobby a leading tenant screening tool that digs deep into a tenant's credit, background, employment, eviction, and any related news articles regarding the tenants history. Our 12 question previous Landlord Reference form is completed each time a good application is received. This process helps establish long term, stable tenants.
Managing a multi-family property comes with unique responsibilities and risks. That’s why at AspirePeak Properties we have planned in advance for real estate investors to obtain an optional landlord insurance policy with coverages that are specific to rental properties. This exclusive and premium insurance policy highlights include coverage for loss of rental income, property damage, vandalism by tenants, removal of tenants property and property management fees to name a few. Reach out today to get a quote with our full management package.
INSPECTIONS
AspirePeak Properties conducts comprehensive inspections for every unit and the common areas in your multi-family property. From move-in to move-out inspections, we document every detail with high-resolution photos and thorough notes. Routine seasonal inspections of the exterior and common areas ensure that maintenance issues or warranty items are caught early, reducing costly repairs and keeping your property in excellent condition.
MANAGEMENT SOFTWARE
Managing multi-family properties requires streamlined processes and real-time data. AspirePeak Properties utilizes cutting-edge property management software tailored for multi-unit buildings. Our system provides landlords with a comprehensive online portal to track rent payments, view maintenance requests, and access financial reports. Tenants also benefit from an intuitive platform where they can pay rent, submit maintenance tickets, and update their contact details. This technology ensures seamless communication and efficient management for all parties involved.
Multi-Unit New Construction: Unlocking Potential
Managing new build rentals requires a strategic approach to ensure seamless leasing and optimal occupancy from the start. AspirePeak Properties provides comprehensive services tailored to new construction, including:
Pre-Leasing Strategies
We understand the importance of securing tenants before construction is complete to ensure immediate occupancy and steady cash flow for landlords. To achieve close to or 100% occupancy for new construction properties, we’ve implemented a 90-day pre-leasing process that has proven to be highly effective in minimizing vacancy rates and maximizing rental income. To set your property up for success, we begin marketing and leasing efforts 90 days before possession. This proactive approach allows us to secure quality tenants and ensure your property is generating income from day one.
Targeted Marketing Approach
We focus on paid campaigns through social media & listing websites that are specifically setup to target quality tenants, emphasizing the benefits of brand-new properties. To ensure maximum exposure and attract the right tenants, AspirePeak Properties also hosts Rental Open Houses.
Are Rental Open Houses actually a thing? You Bet! These events allow prospective tenants to:​
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Be the first to see the property. Exclusivity & foot traffic highlights urgency to submit an application.
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Experience the layout, amenities and that fresh new build smell.
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Ask questions about lease terms, utilities, the neighborhood and any rental incentives.
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Our open houses are carefully planned to include professional signage at the property & signage to direct traffic. We focus on highlighting the unique features of your property with feature sheets & we provide tenants with the easy button for on-site applications. By combining these efforts with our other marketing strategies, we ensure your property gets the attention it deserves.
CMHC Financing Benefits
CMHC compliance requires professionally licensed property managers that can provide on-going property management services like financial monitoring & documentation to demonstrate compliance. By leasing in advance with a licensed property manager, you can significantly enhance your CMHC financing options. Here's how:
1. Improved Loan Terms: Pre-leased units demonstrate strong revenue potential, which can lead to more favorable financing terms.
2. Lower Risk Assessment: CMHC views pre-leased properties as lower-risk investments, benefiting property owners during the application process.
3. Less Vacancy Period: By starting the leasing process early, we ensure your property is occupied as soon as possible, minimizing vacancy costs.
4. Legal Lease Agreements: Having a licensed property manager from the start ensures that legally compliant lease agreements are established, meeting the requirements for both CMHC financing and the Residential Tenancy Act of Alberta.
Building Maintenance
On top of all the services already provided above, our team will also work with you to build a pro-active maintenance plan for your multi-unit property.
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This may include, but is not limited to:​
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An as-needed budget
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Scheduling of warranty walkthroughs & Trade days
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A bi-weekly, monthly, or seasonal contractor schedule
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Annually required maintenance
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Planned renovations (unit or building)
Community
Community is also important in multi-family properties, so we like to initiate social activities within the building. Community social activities foster good will and communication between residents.
Knowing your neighbour can be beneficial not only for tenants but for the landlord as well, which in turn means your building can have:
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Long-term tenancy
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Pride of renter-ship
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Tenant referrals
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Less tenant to tenant complaints