Trending
A red, white, and black flag with a white background.

Case Study 2: A multi-property investor

Two business women shaking hands at a table.

Vancouver-based Vivienne owns three properties across Canada. When she grew disillusioned with the fees and services she is getting from her property management company, Vivienne decided to research other options.

After taking a couple of weeks to explore the options, Vivienne switched to RentalMiles; it’s a seamless process that she can do on her phone after downloading the RentalMiles app. After switching property management companies, Vivienne quickly started to rack up rewards. Her Vancouver property rents for $1,800 a month and earns Vivienne 3,300 Air Miles that year as she received a signup bonus when RentalMiles launched, easily enough for a free return flight to Toronto

“At the end of the year Vivienne places her other places with RentalMiles and her licensed agents achieves rents of $1,900 and $2,200,” explains Jason Duncan, CEO of RentalMiles. “With three properties in the RentalMiles program, Vivienne’s loyalty jumps to Platinum Status. That year she earns 11,800 Air Miles from RentalMiles. Her property fees are lower, her Air Miles Status is Onyx and she manages every aspect of her portfolio on her smartphone.”

Vivienne often travels overseas for business and to visit family, so being able to manage everything from the app is a massive benefit. “It doesn’t matter where she is or what time zone she is in, Vivienne can contact the agents who look after her properties at any time,” Duncan says.

“She can contact those agents in real time by text, phone or email and discuss any concerns or issues. But, it’s a truly hands off full service management and Vivienne doesn’t have to have any communication with RentalMiles after the property is on the system and agents have done the initial inspection. After that she can check in if she wants or just tap a button in the app and get her annual or monthly financial reports. It’s all done on her behalf.”

About the Author

Post a Comment

Related Articles

The Toronto Regional Real Estate Board’s REALTOR® QUEST 2024 took place at the Toronto Congress Centre on May 15th and 16th. Those who braved the...

Alberta has been experiencing some interesting trends, including its recreational property boom and strong markets early in the year. From a quarterly perspective, the Alberta...

Most Trending News

The Toronto Regional Real Estate Board’s REALTOR® QUEST 2024 took place at the Toronto Congress Centre on May 15th and 16th. Those who braved the...

Alberta has been experiencing some interesting trends, including its recreational property boom and strong markets early in the year. From a quarterly perspective, the Alberta...

The Canada Mortgage and Housing Corporation (CMHC) released its annual 2024 Mortgage Consumer Survey on May 8, 2024. The survey had feedback from nearly 4,000...