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[10 Common Mistakes by DIY Landlords] Mistake #10 Hire unlicensed Property Manager

May 11, 2020

10 Common Mistakes by DIY Landlords – Mistake #10 Hire unlicensed Property Manager

You can manage your rental property on your own, or by hiring a property manager. If you decide to hire a property manager, make sure he/she is a licensed one.

If the Real Estate “Professional” you are working with is unlicensed. Not only is it possible they have little to no experience , but there is no regulatory body monitoring them or protecting you! The likelihood that they will try and swindle you is very high, as they are known for taking advantage of those who are either inexperienced (real estate-wise) or financially vulnerable.

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We can’t guarantee that the above tips will help you manage your house effectively. However, we believe that ignoring them will cost you.
Remember to find a professional and licensed Property Manager who always works for your needs, not for his/her own commission.

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By Patrick Cheung

Patrick is a well-trained Rental Property Management Professional. He completed the Rental Property Management Licensing Course in UBC. Patrick plays a key supporting role in day-to-day functions and creates an active working partnership with our licensed Property Managers. Before joining us, Patrick worked in financial and technology areas for many years, he brings to the position extensive experience in business management, financial, mediation and a diverse range of IT technical skills.

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