Managing tenants can be challenging without proper tools and experience. Landlord-tenant disputes require unique skills to diffuse conflicts efficiently and avoid legal intervention. Rent increases, eviction notices, payment collection, maintenance requests, unit access, move-in and move-out coordination, and dealing with illegal activity are common disputes where mediation is necessary. Hiring a Rental Property Manager can
Managing a rental property or strata building is no easy task. It involves a unique set of skills, takes a lot of commitment, and requires real estate, rental, and strata industry expertise, knowledge of building maintenance and systems, and familiarity with finances and budgeting. Property management is beneficial for rental properties and strata buildings. A
A Strata Property Manager and Rental Property Manager both assist with overseeing and managing real estate properties. Although they may appear to be very similar, they differ in a variety of ways. Whether you are a homeowner, renter, property investor, or Strata Corporation, it is key to understand the difference between the two roles. Strata
Although there is no right or wrong answer, renting can be more advantageous than selling. There are pros and cons to both options that should be considered, based on your own personal situation. Before making a decision, factor in current market conditions, budget, return on investment, taxes, and personal involvement/responsibility. Our team at CENTURY 21
A Residential Tenancy Agreement (also known as a Lease) is a legally binding contract between a Landlord and tenant that includes terms and conditions related to the property being rented. A well-prepared and thorough lease can prevent conflicts and protect both parties during the duration of the agreement. While the Residential Tenancy Branch has a
In the past, word of mouth and signage were successful when marketing a rental property. Since the pandemic, many things have changed. Rental property owners struggled to get their property in front of potential renters due to increased restrictions such as limited in-person showings, lack of networking, and solely relying on word-of-mouth. Now more than
COVID-19 has affected everyone in different ways, including the rental property management industry. The focus has shifted from revenue and portfolio growth to improvement of current procedures and tools. The rental property management industry is not disappearing. It has survived many economic downturns, natural disasters, and other catastrophic events. Instead, Rental Property Managers are modifying
