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[10 Common Mistakes by DIY Landlords] Mistake #8 Under-estimate the time and efforts required

May 09, 2020

10 Common Mistakes by DIY Landlords – Mistake 8 Under-estimate the time and efforts required

Landlords often ask if it’s possible for them to manage the property on their own. Of course it’s possible, as long as you have sufficient knowledge, experience, resources and time, and more importantly, don’t underestimate all of them.

For example, according to Residential Tenancy Act (RTA Sec.32.1), rental properties must comply with health, safety, and housing standards required by law. Landlords are generally responsible for the following essential repair and maintenance issues: Heating, Plumbing, Electricity, Locks etc. You have to be ready to respond to tenants and their needs at a reasonable time, day and night.

(.. to be continued)

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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