Need a good property management referral - Niagara Region Ontario

[Nigel Liao]

I'm looking to purchase some multifamily buildings in Ontario, preferably looking at around 10 units or so.

I'm analyzing some potential deals and there are some well-priced properties, but the downside is that they are severely under-rented (for example, they're around $750 average, compared to market rents of ~$1,300).

Anyone who is familiar with Ontario knows the regulations are heavily skewed towards tenants, with tough eviction processes and rent controls. That being said, the numbers still work for me, i.e. cash flow will conservatively break-even as is, and with great upside assuming I'm able to just turn over a couple of units.

I'm looking for an experienced property manager or partner who specializes in tenant negotiations (or an experienced investor/realtor/lawyer) who can help me out, or refer me to one. My end goal is simple - to get all units to market rent as soon as possible, whether it's getting the current tenants to terminate and immediately re-sign a new lease (if that's legal), or through turnover to new tenants. Rent controls are in place so it is impossible to do large increases naturally. To clarify, I am pretty familiar with the Ontario RTA, but I'm looking for someone that can execute this for me.

I want to do this in a win-win manner for everyone. As such, I don't mind doing cash-for-keys and/or considering any other solutions possible. Perhaps simply negotiating with them might work. Tenants are friendly and cooperative, but I don't know what will happen if they're approached with more aggressive tactics like renovictions etc (i.e. tenants have a Right of First Refusal, and also I have no idea how knowledgeable they are).

With the right negotiator, I'm willing to split profits for each unit that's turned over to market rents. I'm aiming to sell or refinance the property in 1-2 years with the higher realized NOI, and that's when the profits will be realized. Or I can pay $X immediately per unit turned over. I'm also happy to sign a property management or JV contract if needed.

Please reply here or DM me if you're interested to work with me. Please kindly note - I'm looking for EXPERIENCED people only. For a more specific location, I'm looking at around the Niagara region in Ontario (e.g. St Catherines, Niagara Falls, Thorold, Welland etc).

Thank you