Unfurnished property rentals are the most common and among rental home seekers in Vancouver and the Lower Mainland, the most popular properties.
UNFURNISHED PROPERTY SERVICES
One time placement fee includes:
- Rental value assessment
- Marketing and positioning of the unit
- Professional cleaning/steam carpet cleaning prior to the move in
- Tenant screening and selection
- Collection of security deposits
- Tenancy agreement
- Move-in and Move-out inspection
In cases where the tenant for some reason terminates the tenancy agreement prematurely, a new tenant will be placed in your property for no extra charge.
Management fees include:
- Collection of the rent and direct deposit to your account
- Legal enforcement of the Residential Tenancy Act
- Communication with the strata corporation and the tenants
- At cost maintenance services
- Quarterly routine inspections
- Financial Statements
- Payments of all property related bills
- Maintenance management
- 24/7Online access to our Management system
The are no other fees other than reimbursement for payment of property related expenses (subject to your approval).
RENTING FURNISHED
Advantages:
- Quicker lease up time
- Lower set up cost
- Lower maintenance expenses
- Lower insurance premium
- Lower management fees
- Lower vacancy rates
- Steady income
Disadvantages:
- Lower rental income
- Rent increases restricted by the Residential Tenancy Act
- Use of the property restricted by the Residential Tenancy Act
- Storage/moving expense of existing furniture
FREQUENTLY ASKED QUESTIONS
Do I need insurance?
Yes, insurance is definitely a must. Not only to protect your property, but also to protect you from any liability arising from the use of your property. Accidents happen and a home owner can never be safe enough. We will be happy to assist you with finding insurance with suitable coverage.
How do you screen the Tenants?
Tenant placement is the most important part of renting your property and when it come to screening, we are very diligent and meticulous with the tenant screening process. We do not accept any deposits or make any promises to prospective tenants before we have extensively checked all of their references. We start with contacting previous landlords. We interview the landlord in order to find out if the prospective tenant has paid their rent on time, if there where no fines assessed against the tenant, and even if the property was taken well care of were there any other problems with the tenant?
Can prospective tenants trick you and state a friend as the previous landlord?
The prospect can certainly try, but we developed a variety of techniques to help mitigate this type of situation. Questions we ask the landlord are usually not known even to the tenant. We make sure that we really talk to the landlord and the person knows the necessary details. The next step is to check the financial state and the ability of the tenant to pay the rent. We interview the employer to check the stability and the pay of the job. Talking to the current employer gives us an opportunity not only to assess the solvency of the tenant, but also to learn about the personality of the person from the point of view of their managers. Letters of employment are also required. In case of self-employed persons, we ask for details like number of years in business, bank statements and proof of income.
If there is a lack of references or history, we contact the personal references. Family and friends are not accepted. Considered as an acceptable personal references are: teachers, professors, previous managers, supervisors, public figures. In case of students we ask for an Acceptance letter from their school.
What about pets?
All pets are considered on a case by case basis. We want to know how old the pets are, what breed, the size of the pet and if they are neutered/spayed. We require to meet the pet prior to the approval of the tenancy. Meeting the dog or cat in person tells us a lot about the personality and the temperament of the pet.
When do I get my rent payments?
Usually the rent is collected and reaches our trust account on the first day of each month. Delays occur when the first of the month is a weekend day or a public holiday. We try to deliver the money to your account by the 6th of the month and no later then by the 10th of the month.
Do you allow smoking in the units?
Definitely NO. All of our properties are NO smoking properties as indicated in our tenancy agreement. Compliance with this clause is strictly enforced and violation may lead to eviction.