Property Management in London, Ontario
Property management in London, Ontario
Property management covers the day-to-day work of running a rental property on behalf of an owner: marketing vacant units, screening tenants, collecting rent, handling maintenance calls, managing lease renewals and terminations, and keeping a property compliant with Ontario's Residential Tenancies Act. Some firms also handle condo corporation management, which is a related but distinct service involving common elements, reserve funds, and board governance rather than tenant relations. In London, the 39 companies listed here range from small operators managing a handful of single-family rentals to larger firms overseeing multi-unit apartment buildings and condo portfolios across neighborhoods like Old East Village, Byron, and Masonville.
When comparing companies, ask how they price their fees (a flat percentage of monthly rent is standard, usually with a separate leasing or placement fee), how quickly they respond to maintenance requests, and how they handle vacancies and arrears. Get clear answers on reporting: owners should expect monthly statements and easy access to financial records, not vague updates. Ask about their process for tenant screening, since a bad tenant placement costs far more than a slightly higher management fee.
Our scoring weighs verified reviews, responsiveness, and consistency of service over time, so you can shortlist companies with a track record rather than just a polished website. See the ranked guide to property management companies in London for the full breakdown, and check our methodology page for how we score and verify each listing.
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All property management, ranked by score and relevance
We found 39 businesses offering property management; 8 met the criteria for the scored directory. The order weighs each business's overall score by how much of its reviewed work is property management, so a lower-scored specialist can rank above a higher-scored generalist. Filter and sort below, or open the full map view.
Enquiries you submit through our forms may be shared with partner providers who can carry out the work, and we may receive a referral fee. Our rankings and scores are based on our published method alone and are not influenced by referral fees.
Common questions about property management
- How much does property management cost in London, Ontario?
- Most companies charge a monthly management fee of around 8-10% of collected rent, plus a separate one-time leasing fee (often equal to half or one full month's rent) when they place a new tenant. Some firms charge flat fees per unit instead, particularly for larger multi-unit buildings. Always ask what's included, since maintenance coordination, inspections, and eviction handling are sometimes billed separately.
- Do I need a property manager if I only own one rental unit?
- It depends on how much time you have and how comfortable you are with Ontario's tenancy rules. A single unit is manageable on your own if you're local and responsive, but many out-of-town or first-time landlords hire a manager to handle tenant screening, rent collection, and the paperwork around notices and the Landlord and Tenant Board.
- What should I expect from a property manager on a monthly basis?
- You should receive a monthly financial statement showing rent collected, expenses paid, and net proceeds, along with prompt notice of any maintenance issues, vacancies, or lease changes. A good manager also does periodic property inspections and keeps you informed before problems escalate, rather than only calling when something has already gone wrong.
- How can I tell if a property management company is doing a good job?
- Look at tenant turnover rates, how quickly vacancies get filled, and whether maintenance requests are resolved without repeated complaints. Consistent, on-time financial reporting and low arrears are also strong signs. Reviews from both owners and tenants are worth checking, since a company can look good to clients while treating tenants poorly, which eventually costs the owner in turnover and vacancy.