A standard property management agreement in Saskatoon typically covers these services:
Some companies include leasing in the monthly fee; others charge it separately. Always ask for a complete list of what’s included in the basic fee and what is an additional cost before signing an agreement.
Management Fee: Competitive percentage of monthly rent collected — only charged when your property is rented.
Advertising Fee: Covers marketing, showings, and lease preparation when your property goes vacant (does not apply when onboarding a property). Transparent pricing with no surprises.
Renewal Fee: Minimal administrative fee for lease renewals with existing tenants. Renewals save investors thousands of dollars in a turn we take this seriously at Envision and ensure we are servicing the resident/tenant in order to increase the renewal potential of a quality tenant.
Maintenance Coordination: We pass through contractor costs at competitive rates with your approval on work over a set threshold and have a transparent mark up for the administration. Even with the mark up our costs are normally lower than what you would have hiring the vendor on your own.
Setup Fee: One-time onboarding fee for new properties to cover the initial take over inspection, professional comparative rental analysis, documentation, and system setup.
Envision does not charge hidden fees. We believe in full transparency so you know exactly what you’re paying for.
Most property management companies in Saskatoon charge between 8% and 15% of the monthly rent collected. Envision offers competitive rates within this range. Contact us for a custom quote based on your property’s specific needs and condition.
A leasing fee covers the cost of finding and placing a tenant: marketing, showings, background and credit checks, lease preparation, and move-in inspection. In Saskatoon, this typically runs 50% to 100% of the first month’s rent. Some property managers bundle it into the monthly management fee; others charge it as a separate upfront cost. Always ask which model a company uses.
Yes. Common additional fees beyond the management percentage include: leasing fees (50-100% of first month’s rent), renewal fees ($200-$400 per renewal), maintenance coordination markups (10-20% on contractor work), early termination fees, and property setup fees. Request a complete fee schedule from any company before signing a management agreement. At Envision management % normally will cover predictive (regular) services, non predictive services may have an additional cost that is outlined in the management agreement.
This depends on the company. Most property management agreements charge the fee only on rent collected, meaning you pay nothing while the unit is vacant. However, some property managers charge a flat monthly retainer regardless of occupancy. At Envision, we charge our management fee only when your property is rented and rent is collected.
Property managers coordinate repairs and maintenance on your behalf. Some charge a markup on contractor work, typically 10-20%. Others pass through the cost at the contractor’s rate. At Envision, we are transparent about maintenance costs. You approve any work over a set threshold before it begins, and we use competitive contractor pricing.
A renewal fee covers the administrative cost of preparing a lease renewal when an existing tenant stays. In Saskatoon, this ranges from $200 to $400 or about 25-50% of one month’s rent.
Envision’s management fees are competitive with other Saskatoon property managers. We focus on full-service management with transparent pricing and no hidden fees. The best way to compare is to request a detailed fee schedule and a custom quote for your specific property.
Look beyond the percentage rate. Compare what’s included: tenant placement, online rent collection, maintenance coordination, regular inspections, financial reporting, and eviction handling. Inquire how maintenance is handled, if they have after hours coverage, and where properties are advertised. A look at the type of properties they manage will give you an idea of the type of tenant they will attract. Finding a fit for your investment goals is key as this is a partnership and you need to feel they will be looking out for your best interests at all time. The cheapest percentage is not always the best value long term.
