Services

Third-Party Management for Ontario Rental Assets

Property management, asset management and leasing from an operator that runs its own ~370-home portfolio across 14 Ontario markets. We take on stabilized buildings, new lease-ups and distressed or receivership assets.

01

Property Management

Day-to-day operations for residents and buildings, run by our own team.

  • Tenant relations and resident communication
  • Rent collection and arrears follow-up
  • Maintenance coordination through our in-house maintenance and construction teams
  • 24/7 live-agent line for residents
  • Resident portal for maintenance requests, rent payments and lease documents
02

Asset Management

The owner’s view of the asset: what it should earn, what it needs, and how it is tracking.

  • Annual operating budgets
  • Capital planning and renovation oversight
  • Business plans for stabilization, repositioning or hold
  • Lender and LP-ready reporting
03

Leasing

Units filled with qualified residents, whether the building is brand new or turning over.

  • Lease-up of new purpose-built rentals
  • Turnover of existing units
  • Tenant screening
  • Direct listing syndication
  • Viewings and online applications through rent.norvesta.ca
04

Distressed & Receivership

For lenders and court-appointed receivers who need an operator to take over a building and steady it.

  • Takeover of underperforming or court-appointed buildings
  • Stabilization of collections, maintenance backlogs and vacancy
  • Reporting to lenders and receivers
  • Leasing, maintenance and construction from the same in-house teams
Taking Over a Building

How a Takeover Works

Whether the building is stabilized or in trouble, the handover follows the same steps.

  1. 01

    Review

    We look at the rent roll, arrears, building condition and open issues, and walk the property.

  2. 02

    Plan

    A takeover plan covering resident communication, vendors, accounts and immediate repairs.

  3. 03

    Transition

    Residents, rent collection and maintenance move onto our systems and our 24/7 line.

  4. 04

    Report

    Ongoing reporting to the owner, lender or receiver in the format they need.

Our Own Portfolio

The Platform Is Already Running

Norvesta operates roughly 370 of its own homes across 14 Ontario markets, owned through two Norvesta funds. Third-party buildings are run by the same people, systems and standards.

See the Portfolio We Operate

Tell Us About the Building

Asset type, unit count, location and situation are enough to start.

Talk to us about a property