DELSUITES'
BENEFITS

DelSuites

Regular Tenant

Lease Start Date

Anyday of the month you start earning rent sooner

DelSuites takes on suites once they become available and can start operating at every point during the month, meaning the owner starts earning rent sooner.

1st of the month

Most tenants move on the 1st as their previous lease ends at the end of the month.

Restorative Maintenance

  • Low wear
    and tear

  • VIP
    clientele

  • Weekly house
    keeping

  • Preventative
    maintenance

<$500
Statistically, wear and tear on the owner's suite is significantly lower due to VIP clientele, weekly house-keeping and preventative maintenance. The only time the owner might need to provide cleaning and/or painting will be prior to the lease start

  • High wear and tear

  • 1 month rent on restorations
    every 2 years

Statistically - every 2 years, homeowners spend approx. 1 month rent on restorative maintenance (cleaning, painting, carpets, etc) due to high wear and tear and no proactive maintenance by tenant.

Repairs

  • In-house maintenance team coordinates everything on your behalf

  • Ongoing preventative maintenance

  • DelSuites' in-house maintenance team is available to coordinate and accompany all trades for any repairs needed in your suite 24/7 and all bills are emailed to the owner free of charge.

  • The preventative maintenance carried out in all suites aims to tackle potentially expensive repairs before they become an issue, thus maximizing the owner's profits as an investor.

  • Resources and time spent
    with trades

  • Unintended minor repairs become expensive issues

  • Coordinating and meeting trades for every repair needed is time consuming (After-hours prices are significantly higher, meaning the owner will be required to make time during the day or pay unreasonable amounts for evenings/weekends.)

  • Most tenants are not bothered by minor repairs and normally do not notify the landlord of an issue until it has become unbearable, which also means more expensive.

Tenant Turnover

  • Guaranteed rents regardless of occupancy.

  • The owner will recieve guaranteed rent by DelSuites for the entire length of the lease regardless of occupancy.

  • 1 month rent on prospecting
    new tenants every 2 years

  • Loss of rent if new tenant
    isn't found immediately.

  • Statistically - every 2 years, homeowners spend approx. 1 month rent on prospecting new tenants: advertising, interviews, credit checks.

  • If the property is not rented immediately upon termination of previous tenant, the owner will experience loss of rent.

On-Time Payment

  • EFT - deposited straight into your bank account on the 1st of every month

  • DelSuites payment are done "worry-free" via EFT - deposited straight into the owner's bank account on the 1st of every month (except if falls on Statuatory holidays).

  • Late payments and bounced checks are not uncommon

  • When dealing with a regular tenant, late payments and bounced checks are not uncommon and are a constant cause of stress.

Time Investment

  • DelSuites coordinates everything on your behalf

  • DelSuites coordinates everything needed on the owner's behalf and provides updates should they be required.

  • Approx. 60 hours a year on their property

  • Statistically, a landlord will spend approximately 60 hours a year on their property.

Quality of Tenant

  • DelSuites has eyes in your suite every week to ensure nothing is out of place

  • DelSuites maintains a close relationship with Property Management to ensure any issue that may arise is addressed immediately and efficiently with minimum impact to the community.

  • Credit checks are not enough

  • Credit checks will not give the owner insight as to what type of tenant they are dealing with. Clean or dirty, quiet or noisy, respectful of common areas and amenities or not. If anything comes up, Property Management will come to the owner for answers and potenatial damage costs.

Condo Board &
Annual General Meetings

  • DelSuites attends Annual General Meetings on your behalf

  • DelSuites attends each Annual General Meeting on the owner's behalf free of charge to ensure quarum is met and no additional fees are incured due to rescheduling needs.

  • DelSuites does extensive research on each candidate to recommend the best choice for our home-owners.

  • You will be required to attend yearly meetings in order
    to avoid rescheduling costs

  • Is not in the tenant's realm of interest or concern. Owner will be required to attend yearly meetings in order to avoid rescheduling costs.

Furniture

  • $650 value

  • At 300 Front St, you receive a custom closet
    organizer free of cost

  • $650
    value At 300 Front St, DelSuites will install a custom closet organizer free of cost which will remain in the suite even after lease has ended.

  • N/A

  • N/A

Customer Service

  • 24/7 reliable and consistent Customer Service

  • 24/7 reliable and consistent Customer Service provided to over 300 satisfied owners in 15 locations in the GTA.

  • N/A

  • N/A

Tenant Insurance

  • DelSuites is insured for 10 Million Dollars

  • DelSuites is insured for 10 Million Dollars

  • Most tenants are insured for 1 Million Dollars

  • Most tenants are insured for 1 Million Dollars

Homeowner's Insurance

  • DelSuites offers a comprehensive policy that insures you for 10 Million Dollars and will coordinate everything on your behalf in case of a claim

  • DelSuites offers its owners a competitively priced comprehensive policy that insures owners for 10 Million Dollars. Furthermore, when on the DelSuites Insurance plan, DelSuites coordiantes everything with Insurance company on behalf of owner in case of a claim.

  • N/A

  • N/A

Legal Fees &
Administrative Charges

  • No legal or
    administrative fees

  • When dealing with a reputable company, no risk for late / no payment, breach of agreement terms or property offenses.

  • $0
    No legal or administrative fees. DelSuites provides a legal agreement at no cost that ensures both landlord and tenant are protected.

  • When the owner is dealing with a reputable company, there is no risk for late/ no payment, breach of agreement terms or property offenses.

  • N/A

  • Legal consulting, legal disputes, tribunal court time and drafting rental agreements will incur additional expenses.