When it comes to the thin line between profitability and peace of mind, are property management fees a concern? Late-night maintenance calls, tenant disputes, or chasing overdue rent payments—all the struggles make you consider hiring a property management company for your London, ON, property. Managing everything on your own is not sustainable. The workload can quickly become overwhelming. So property managers need to step in—but at what cost? We are here to clear up all your concerns. Let’s have this journey towards hassle-free property management together
Understanding Property Management Services
Property management services take the hassles out of property management, leaving landlords and homeowners to enjoy a stress-free income. The tasks include day-to-day operations such as tenant management, maintenance, rent collection, and financial reporting. The main goal is to protect your investment while ensuring consistent rental income. The types of properties these services cover include residential homes, condos, apartment buildings, and commercial units. When comparing PM fees in Ontario, we can understand that the fee varies based on the service chosen
Responsibilities of a Property Manager: What to Expect?
- Marketing and advertising to fill vacancies
- Tenant screening and lease management
- Rent collection and follow-up
- Regular property inspection and maintenance coordination
- Handling tenant complaints and emergencies
- Preparing financial statements and monthly reports
Property Management Fees: London 2025 Snapshot
One of the mistakes landlords make is to hesitate to hire property managers. Thinking you can save money by self-managing heightens your stress, causing you headaches. How much does it cost you to hire a property manager in Ontario? This must be a concern for you. Understanding property management fees helps you avoid unexpected surprises.
Most property managers in London, ON, charge a fee that ranges from 6% to 12% of monthly rent.
What Are The Common Fee Models?
Property management company cost? It has various shades. Here are the common fee models.
Percentage of monthly rent collected
Whatever the monthly rent is, you have to pay a fixed percentage to your property management company. For instance, if your tenant pays $3000/month as monthly rent and your property management charge is 8%, then you have to pay them $240 monthly.
Flat fee
This scheme does not have any relevance to monthly rent. Here, the property management company offers a fixed monthly rate based on the services they provide you.
Leasing or tenant placement fee
By covering advertisement, site visits, screenings, and lease papers, some property management companies ask for half or the whole month’s rent.
Maintenance coordination
Different companies have different schemes to charge for maintenance coordination. They include this either in the monthly fee or charge extra per request.
Hidden Costs to Watch For
Beware; you might be tempted to go after property management in Ontario that costs less. But you should know it comes with a long list of extra charges. What are they? Let’s check the areas in which you can expect hidden costs in property management in London.
Account Setup & Onboarding Fees
To cover initial inspection, documentation, tenant database creation, and system integration, many property management companies charge one-time account setup or onboarding fees.
Tenant Placement and Application Processing Charges
For listing the property, screening applicants, conducting background checks, and preparing lease agreements, some property management companies charge a tenant placement fee. It is often equivalent to half or a full month’s rent.
Advertising, Listing, and Marketing Expenses
Ask for marketing charges upfront. To fill vacancies quickly, some property managers charge separate advertising or listing fees for online promotions, photography, signage, and featured listings on rental platforms.
Lease Renewal and Contract Extension Fees
Some property management companies charge a lease renewal fee when your tenant decides to renew their lease. It covers updating contracts, negotiating rent adjustments, and ensuring compliance with current regulations.
Eviction Handling and Legal Protection Add-Ons
As evictions are stressful and expensive, some property management firms charge separate fees for handling legal notices, court filings, or attending hearings. Some offers optional eviction protection as add-ons for an annual cost. It covers legal fees if eviction becomes necessary.
Vacancy Management and Property Upkeep Fees
When your property is vacant, management firms charge a monthly fee to oversee maintenance, utilities, and security checks. This ensures your property remains in good condition and compliant with safety standards.
Early Contract Termination
Many property management companies impose an early termination fee if you decide to end your agreement before the contract period. This compensates for lost income and administrative costs.
Full Service vs Low-Fee Options
Want to know full-service PM pricing in London 2025? Here is a comparison for your better understanding. It includes how full-service differs from the value of low-fee PM in London.
Aspect | Full Service Property Management | Low-Fee Property Management |
Coverage | Handles all the aspects | Covers only basic services |
Cost | Higher fee, around 8-12% of monthly rent | Lower fee, around 5-7% of monthly rent |
Landlord Effort | Hands-off experience | Needs involvement in daily management tasks. |
Tenant Management | Handles tenant screening, leasing and communication | Limited tenant support |
Legal & Compliance | Includes eviction, notices and regulatory compliance | Limited or no legal and compliance support |
Real-World Cost Examples
Here is an example of rental property management costs in London, Ontario.
Ether Property Group, London, Ontario
Essential Plan – 6.9% of Monthly Rent
Leasing Fee: 50% of 1 month’s rent
Lease Renewal Fee: $99
Onboarding Fee: $0
Services Include:
- Rent collection & direct deposit
- Maintenance coordination (no markups)
- 24/7 tenant communication portal
- Monthly income & expense statements
- Year-end tax summary
- Email/text updates for maintenance tickets
Smart Plan – 8.9% of Monthly Rent
Leasing Fee: 50% of 1 month’s rent
Lease Renewal: Included
Eviction Coordination: Included
Services Include:
- Lease renewal included
- Move-in & move-out inspections (with photos)
- Eviction coordination & legal notices
- Annual property inspection
- Late rent follow-up & enforcement
- Optional utility bill handling
Premium Plan – 10.9% of Monthly Rent
Leasing Fee: 40% of 1 month’s rent
Lease Renewal: FREE
Eviction Support: Full coverage
Services Include:
- Renovation project coordination (up to 2/year)
- Market rent analysis & annual rent reviews
- Multi-unit discounts (5+ units)
- Insurance claim coordination
- Quarterly owner updates & review calls
- Optional monthly property video check-ins
Forest City Property Management in London, Ontario
Landlord Package A – Full-Scale Management
Initial tenant placement fee: 75% of one month’s rent
Ongoing monthly management fee: 7% of monthly rent
Includes tenant placement, full maintenance coordination, monthly income statements, and other full-service features.
Landlord Package B
Tenant placement only: 75% of one month’s rent
Covers advertising, showing, tenant screening, lease signing, and first/last month’s rent collection
Landlord Package C – Custom
Fees vary based on the owner’s needs and services selected.
Choosing the Best Property Management Company in London
Seeking the service of property management in London, Ontario? Ensure the company is well-versed on rents, tenant expectations, local bylaws, and maintenance costs. Trust the efficient services of Ether Property Management; we are highly familiar with the neighbourhoods and property types of London. Whether you are seeking low-fee options or full-scale management, we ensure the services align with your needs.
What we have is a transparent fee structure with no hidden charges, and we provide a breakdown of monthly fees, leasing fees, renewal fees, and maintenance markups. Affordable property management companies in London? We are one that delivers outstanding service at a reasonable cost. Our strong communication, responsiveness, and the way we handle emergencies make us an efficient addition to growing your investment.
Tips to Reduce Property Management Costs
- Pick a plan that matches your needs. Through this, you can avoid paying for services you don’t use.
- Some property management services offer discounts for long-term contracts or multiple properties. So get a quote from a few management firms and opt for the one best suited for you.
- Preventive care saves time; fix minor issues before they become expensive repairs.
- Keep good tenants; it ensures fewer vacancies, less advertising, and lower leasing fees. It is possible to respond quickly to maintenance and communication requests.
- Automate rent collection to save time and reduce late payments. You can save money by avoiding fines.
- Review your monthly statement and question unusual maintenance costs, if any.
- Track expenses for tax deduction. Many property management and maintenance costs are tax-deductible.
Leasehold Reforms 2025 Impact
- As part of enhanced tenant protection and eviction oversight, landlords must provide more detailed evidence when seeking eviction.
- The rental renovation licensing in Toronto requires landlords to obtain a license before issuing a notice under N13 eviction for renovation.
- The Rent Stabilization Act, 2025 amendments, holds landlords responsible for maintaining rental units in a good state of repair and fit for habitation. It should be in compliance with health, safety, housing, and maintenance standards.
- The Provincial Rent Registry & New Rent-Settling Rules mandate a rent registry maintained by the Landlord and Tenant Board, where landlords must file statements of the rent.
- Higher compliance and operating costs for landlords require them to stay up-to-date with new rules.
Conclusion
The property management in London ranges from 6% to 12% of the monthly rent. The fee depends on the service level and property size. You can choose the right service plan offered by property management companies. Ether Property Management is the best property management company in London that charges transparent pricing for all services. We don’t charge any hidden fees, be it for the Essential, Smart, or Premium Plan. We are a team of highly reliable professionals. We stay fully compliant with the 2025 reforms. With the new leasehold and rent stabilization rules increasing the landlord accountability, professional management is even more valuable.