Frequent Asked Questions

Questions are the Root of all Answers. Ask us !

Qualification

What is the qualification of Your Property Manager?

We are a licensed and insured professional Property Manager by the Real Estate Council of British Columbia.

We have a profound knowledge of real estate areas from experience and on-going education.  Our rental property management license is providing a real estate service on behalf of a fully-licensed real estate brokerage REMAX. Besides, all our support staff are also expected to complete the education from UBC Real Estate Council licensing course and pass the examination. This is to ensure the service quality to our clients.

Visit our Teams page for more details.

Why should I hire a licensed Property Manager, like you to manage my property?

If you lack the time or expertise needed for day-to-day management of your property, an expert property manager can help you make a big difference in your investment success.

We are well-trained, licensed and experienced property managers from REMAX. As a licensed manager, our services to clients always reflect the BC Tenancy Act and accompanying regulations, we adopt the standard lease agreement template from BC Residential Tenancy Branch (RTB).

In addition, you will receive an official Monthly/Annual Statement from REMAX, itemizes your rental income, expenses during the month and calendar year, these official documents are useful for you to file your annual tax return and prove your property is rented in a particular month. We believe that hiring a licensed manager is the right approach you should take for protecting your investment. Visit this page for more details.

Our Services

What is your service area in the greater Vancouver area?

We focus on Vancouver, Burnaby, New Westminster, Surry, Richmond and Coquitlam at the moment. If you are looking for property management service in other areas, we are happy to refer you to our property managers in REMAX.

What type of rental unit do you manage?

Our main focus is on residential rental for Condo, House, Townhouse and Duplex. We also work on commercial rental.

What is the reason on taking 3D Virtual Reality video from my property, shouldn't photos be good enough?

Having photos attached on ads has already a norm for promoting rental, we want to do more than that so that your property will get more attention from the public, and you will find a good tenant faster than others.

3D Virtual Reality is a powerful tool to let the prospective tenants view the interior layout of your property online using their computer or mobile device anytime, without scheduling to visit your property onsite. We don’t want you to miss out any opportunity of finding a good tenant, especially your property is located in the area with many opening rental listings.

By the way, we’ll NOT charge any photo or Video fee to our clients. 

 

How quick you will handle the property viewing request and application from perspective tenants?
We target to reply the viewing request and start to process the received application in 24 hours. We don’t want to miss any opportunity of finding a good tenant.
How could you help owner to avoid rent arrears?

We keep the front door very tight, meaning we only let a good tenant placed on your property.

We carefully screen each prospective tenant application and verify his/her background, such as rental history, employment and credit history. We will not jeopardize owners’ interest by recommending a non-qualified tenant to owner.

How long will it take to rent out my property?

There is no simple answer. We will do a detailed analysis of the rental market, factoring in the condition, location, and amenities of your property along with the current rental market. According to our experience, the tenant placement usually takes from 1 – 6 weeks depends on the neighborhood, price, and the condition of the property.

We usually obtain feedback from the prospective tenant after their viewing of your property, and discuss with you to adjust any marketing strategy for making sure the property will be rented out successfully with your best interest.

Will I know what is going on with my property?

Absolutely. We will communicate with you throughout our agreement and keep you aware of any issues that may arise. We will contact you at reasonable times to discuss any repairs and notify you of the rental status.

Will you visit & inspect my property during the rental period?

Yes, we will visit and inspect your property periodically to spot any obvious areas of concern, and will take the necessary follow-up action.

Regular inspection will help to protect your property value and to ensure your Owners’ Home Insurance remain valid as required by the insurer.

Will you help me to purchase and sell my rental property?
We are from REMAX. If you need assistance in the buying or selling of property we can always refer an experienced and professional Realtor from REMAX or reputable real estate brokerages to you.
I am currently out-of-town, can I sign the necessary document remotely?

Yes, Document can be signed in a hard copy or electronically online. e-sign  is simple, quick, secure and legally binding, and save your hassle, especially you are out-of-town.

Here is the tutorial (less than 2 minutes) for how the online signing works. 

Our Pricing

How do you charge your clients?

There are 3 major categories of our Property Management services :

  • Tenant Placement Services (i.e. we find Tenant for you)
  • Property Management Services (i.e. we manage your property after the tenant Placement)
  • Specialized Services (i.e. we handle your specific needs)

Typically, you will be charged a flat fee per our Tenant Placement Service, and a percentage of the monthly rent for monthly Property Management services. As for the specialized Services, this has to be case-by-case based on your specific need.

Our pricing policy is simple & straight-forward, and we guarantee no hidden fee. Visit this page for more details.

Will you charge any application fee, setup fee, admin fee, registration fee ?

No, we will not charge any application fee, setup fee, registration fee and booking fee to both owner and tenant.  We’re proud not to charge these hidden fees and have straight-forward pricing to our clients. Visit this page for more details.

I don’t see your pricing are published on your website? Is there any reason for that?

We do want to publish our prices for transparency. However, we find that there is no one-size-fit-all price quote for all customer and all situations, and we hate to charge our clients more than they should be.  Hence, we prefer to take an approach by understanding our clients’ needs before quoting them a reasonable and fair price.

Please be assured our pricing policy is simple & straight-forward, you will not over-charge and charge any hidden fees. Visit this page for more details.

Payment & Trust Account

How will you handle the payment from Tenant?

All the payment will go through REMAX directly, meaning that all the money received (including rent, deposit etc. ) will be paid to REMAX trust account, our REMAX finance team will verify and prepare the monthly balance crediting to owner’s destinated bank account. Our Property Manager and staff are NOT allowed to receive rental payment in their own name at any time.

You will receive an official REMAX monthly and annual statements with all the transactions during the period. (See Sample)

What are your methods of monthly rental payment?

We accept PAD (Pre-Authorized Debit) for monthly rental payment. This is an efficient and secure method of rental payment from tenants. Tenants should complete a Pre-Authorized Debit contract and provide a VOID Cheque or Pre-Authorized Debit form (obtained at your bank) when the lease agreement is signed.  Rental payment will then be automatically debited from the specified account to REMAX Trust account on the first banking day of each month.

We normally don’t accept personal cheques, posted dated cheques, certified cheque or money order for rental payment.

Will I receive any statement for my rental income?

Yes, you will receive an official REMAX monthly and annual statements with all the transactions during the period. (See Sample)

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