1. If my building or suite is vacant, do I still pay a management fee?

ICORR’s fee is based on the amount of rent billed to the tenant. If there is no tenant then there would be no fee or a low minimum fee.

2. What will ICORR do at the property?

ICORR oversees all aspects of managing real estate from changing light bulbs to major building renovation, from resolving tenant issues to providing rental market analysis, or from initiating preventive maintenance programs to recommending capital improvements.

3. What sort of reporting will I receive?

Property owners are kept fully informed on the progress and management of their investment properties. Property evaluations, short and long term budgets, monthly financial reporting and management plans are ways ICORR provides direction to owners on how to best manage their property.

4. Are there any cost saving advantages that ICORR can offer?

Absolutely. ICORR has arranged lower bulk purchase rates with all suppliers and trades. Reduced rates on gas, electricity, elevator maintenance, advertising, tenant credit screening, painting, carpet and cleaning supplies are just a few ways that ICORR can keep costs lower at the property.

5. How does ICORR keep up with the changes in legislation?

ICORR is a member of the London Property Management Association and currently has Four CPM®’s (Certified Property Managers®), one ACCI® (Professional Associate of the Canadian Condominium Association®), 6 ARM® (Accredited Residential Manager®), one CRP® (Certified Reserve Planner®), and one Candidate for FMA® (Facilities Management Administrator®). Due to active involvement in both associations, ICORR is constantly monitoring industry changes and legislation.

6. Will I have any control over my property once ICORR takes over management?

You can have as much or as little control as you’d like. We strive to completely understand our clients’ goals, then focus our resources on achieving those goals.

If you have a question that is not covered by our FAQ please EMAIL US