Rental Property Management Glossary – What is Trust Account?
An account where money is deposited by one for the benefit of another. The money is devoted to a particular purpose (e.g. for rental payment) and cannot or should not be diverted for other.
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We believe that three basic factors influence the selection of a property manager. 1. Word-of-mouth & Web-site Everybody knows that people tend to listen to word-of-mouth from friends who had a good experience with a specific property manager. They seek out others who...
![[FAQ] Do Landlords need a Business Licence for their Rental Property?](http://www.rentalpropertymanagers.ca/wp-content/uploads/2019/12/RPM-Do-I-need-a-Business-Licence-for-my-Rental-Property-2057x1080S-400x250.jpg)
Yes, to rent your residential property in the area of City of Vancouver, property owner needs a rental property business licence, even if you hire a property manager. This includes the typical One-family dwelling, apartment house, and also laneway house and secondary...
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