Benefits of Working With A Licensed Manager |
Management Service Costs Initial Set-Up: Fee → $125 flat rate - Create the Management Agreement with owner's approval of terms
- Perform initial property audit & photograph property
- Provide
owner with suggestions for repair, maintenance, and upgrading options
- Create
database and tracking forms for owner, property, and tenants
Management: Fee → 10% of monthly rent collected - Rent collections
- Maintain open communication with tenants
- Pursue remedies for tenancy issues
- Arrange for maintenance
and repairs to preserve and increase property value and to comply with landlord responsibilities under the Residential Tenancy
Act
- Periodic interior inspections of property and drive-by inspections
of exterior
- Provide monthly financial statement to owner of rental
income, expenses and disbursements, provide annual financial statement for each property
Complete Tenant Placement Service - for Management Clients: Fee → 1/2 of first month's rent - Advertise property on this website, display property poster at VRE office, post "For
Rent" sign at property, arrange for ad in local newspaper at owner's cost on a proportionate basis with other owners
- Answer inquiries, personally show property, screen & select tenants
- Complete Tenancy Agreement forms with owner's approval of any additional terms and conditions
- Collect pet/security deposits and forward to owner
- Complete move-in / move-out condition inspections with tenants
- If a tenant I place moves within 180 days (6 months), the next placement fee will be waived to re-rent property.
Partial tenant placement will be charged in its place.
Partial Tenant Placement Service - for Management Clients: For owners who wish to find their own tenants Fee → $125 flat rate - Coordinate current tenant move-out and new tenant move-in
- Calculate damage deposit return
- Complete
condition inspection reports
- Complete Tenancy Agreement
- Collect pet/security deposits and forward to owner
Incidental Management Services: Fee → $40 per hour/service call - Vacancy inspections
- Occupancy
reports
- Rental comparables
- Photographs
- Building audits
- Document Serving
- Arbitration processes
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Reduced time constraints for
you. Let me handle all the tenancy issues! You
are protected from possible fraudulent use of your rental income collected by unlicensed help. Feel secure knowing your real estate investments are being monitored by an experienced Manager,
backed by a fully licensed brokerage, in accordance to the laws of the Real Estate Services Act and the province of British
Columbia Your tenants benefit from a local, experienced
landlord who will maintain open communication with them about their responsibilities and rights in accordance with the BC
Residential Tenancy Act
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- Maintain & improve the integrity and value of your property
- Property
audit with each initial set-up
- Direct communication with clients and tenants
- Available flexible hours for
you and your tenants
- Web-based rental marketing with multiple colour photos
- Standing block ad in The Valley
Sentinel newspaper, Advertising board at the VRE office
- Utilize proven reports and documentation
- Strong relationships
with local contractors to schedule and coordinate your maintenance and repairs
- No hidden charges or fees - clear management
contracts
- No up-charging on materials or supplies
- Maintain pooled Trust account and documentation audited
annually by an independant accountant and reported to the Real Estate Council of BC
- Monthly owner disbursements by
direct deposit to your CIBC account
- Monthly and annual financial statements
- Thorough knowledge of the BC Residential
Tenancy Act
- Screen and place best qualified tenants
- Negotiate and sign contracts
- Complete required
condition inspection reports
- Rent, security, and pet deposit collection
- Mitigate tenancy disputes
- Complete
insurance required unit and vacancy inspections
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