• Home
  • FAQ
  • Contact Us

Del Condominium Rentals

Toronto Condo Rentals and Property Management Blog

  • All Posts
  • For Landlords
  • For Tenants
  • Investing
  • Moving Tips
  • Property Management

Automate Your Investment: How To Turn Your Condo Into Income Every Month

May 1, 2022 By Del Rentals Leave a Comment

  • With the right planning and strategy, you can automate your real estate investments 
  • This allows you the potential to scale up and even grow your investments more quickly over time

In this day and age, automation is common in just about all aspects of life now. It’s in our businesses, infrastructure and even our smart home technology. But, did you know that you can automate your real estate investment too? 

Most of the time you are likely spending your time buried in so many aspects of running a property management operation:

  • Administrative and agreement preparation
  • Commuting back and forth from your home to your income property 
  • Bookkeeping and making sure your tenant is paying on time
  • Management and scheduling improvements for the current tenants 
  • Lining up, vetting, and interviewing new tenants
  • Marketing your property online when it’s vacant
  • Organizing showings and scheduling appointments

It can all be exhausting.

Automating these tasks really frees your time to focus on other, more important tasks. If you have more time, you can focus on what can generate more profit, lower expenses, and provide more value to your tenants.

RELATED: Here Are The 9 Must-Haves Tenants Are Looking For In A Rental Property

With more time on your hands, you can focus more on growing your real estate investment business from one property to another or multiple. This will increase your opportunities to invest in new properties, make your business more profitable and predictable, and increase overall revenues. 

Creating a system around each one of those taxing, heavy-feeling tasks will help lighten the feeling and allow you to run most of your business operations on autopilot.

There are two types of automation when it comes to real estate investing. 

  1. Partial Automation
  2. Full Automation

Partial Automation

Many real estate investors look to automate as much as possible to get back as much time as they can. It still requires a lot of upkeep, paperwork, schedule and management to create and operate these systems. 

Here are a few ways you can use partial automation.

Automate Your Documentation, Scheduling & Expense Tracking

Through calendars, excel spreadsheets and documents, you would be able to automate most of the tenant scheduling, management, expense tracking and transactions. 

From a tenant agreement and collection perspective, digitize your rental agreements through Fillable PDFs to automate the closing process. 

You can use a series of online tools to assist you with planning, scheduling and tracking, however, they may not be fully integrated with one another, there may be a learning curve or you may find that you need to pay monthly subscription fees to run these pieces of software.

Full Automation

Full automation is when you have all of the tasks above managed for you. Everything from billing, to tenant acquisition, to marketing suites, cleaning units before showings, touring potential tenants through your unit and even vetting the tenants for you.

It’s a full auto-pilot system that really adds more time back in your day and does the heavy lifting for you.

You may be thinking to yourself, full automation is what I really need to bring to my investment portfolio, but, how do I get started?

Del Condominium Rentals is that full automation solution.

We help remove those common pain points between property owners and renters and we deeply care about streamlining that process for you.

Whether you have just purchased a condominium high-rise suite in the Greater Toronto Area, living in a unit that you would like to turn into rental income every month or planning your next investment, we can help you automate that process for your investment.

It’s easier than you think to start too. 

Contact us today to see how you can take back your time, have your condo rental unit managed and start getting income for your property every month.

Filed Under: Condo Rentals Featured Story

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Follow Us

  • Email
  • Facebook
  • Instagram
  • RSS
  • Twitter
  • YouTube

Property Management

Rent Your Condo Fast

Recent Condo Rentals Post

  • Get Your Keys First: How To Close Your Next Toronto Condo Rental Quickly
  • Automate Your Investment: How To Turn Your Condo Into Income Every Month
  • Here Are The 9 Must-Haves Tenants Are Looking For In A Rental Property
  • How To Find The Perfect Apartment in Toronto For Your Lifestyle (and Budget)
  • 6 Tips to Increase Tenant Retention for Your Rental Property
  • Five Essential Summer Holiday Tips for Your Condo
  • How Do Property Management Companies Deal with Condo Associations?
  • Is a Property Management Company a Good Fit for an Overseas Landlord?
  • Important Factors When Investing in Real Estate
  • What To Expect When Renting to College Students

Stress Free Property Management

Stress Free Property Management

About Del Condominium Rentals

Del Condominium Rentals (DCR) is a full service rental management company. For more information about our program and how to have your suite professionally managed, please contact our Head Office at 647-952-3644 or email us at sales@delrentals.com

Recent Condo Rentals Post

  • Get Your Keys First: How To Close Your Next Toronto Condo Rental Quickly
  • Automate Your Investment: How To Turn Your Condo Into Income Every Month
  • Here Are The 9 Must-Haves Tenants Are Looking For In A Rental Property
  • How To Find The Perfect Apartment in Toronto For Your Lifestyle (and Budget)
  • 6 Tips to Increase Tenant Retention for Your Rental Property
  • Five Essential Summer Holiday Tips for Your Condo

Search Condo Rentals Blog

Condo Rentals Tags

apartment appliance cleaning Best Property Management cleaning Condo condo cleaning Condo Furniture Condo Garden Party Condo Living condo management condo management company Condo Party condo property management Condo Rentals decorating condo energy Energy Conserving green moving Holidays Investment Condo Landlord Late Rent Payments living green Long Term Rentals maintenance Moving Moving Day Moving Day Tips Moving Tips professional property management company Property Management property management company Property Manager Rental Income rental property renting a condo Renting Apartment Renting Condo Renting Investment Property Renting Toronto Short Term Rentals Tax Time tenant screening Toronto Toronto Condo Rentals

Copyright © 2022 · Del Condominium Rentals ·