Rental management FAQ
RENTAL MANAGEMENT FOR LANDLORDS
- How much do you charge for rental property management services?
Our standard rate is 10% of gross rents collected, or a minimum of $150/ month, whichever is greater. We do NOT charge a lease-up fee for unfurnished units with a three year contract. For more details on different service levels, please see our services page.
- How much do you charge for strata management services?
This can vary greatly depending on your individual needs. We will suit our pricing to fit your budget. We offer a free proposal if you are interested.
- Can you rent out unauthorized basement suites?
Yes, we will rent out unauthorized basement suites if they conform to our stringent safety standards. In particular we are looking at window specifications.
- Do you upcharge for maintenance?
Yes, we upcharge only 10% for maintenance. We look at all expenses in an unbiased fashion and spend YOUR money as if it as if it was our own. By only upcharging 10% (unlike higher rates charged by other property management companies) we are able to avoid any potential conflicts of interest. The 10% goes towards processing the paperwork involved with maintenance and repair invoices, as well as the time spent supervising the work. You are also free to handle any maintenance issues yourself with any contractor of your choosing.
- Who pays for marketing the property?
You do. We pay for it up front and then deduct from your first disbursement. You don’t pay a cent until your property is rented out and cash is coming in.
- Do you manage fully furnished suites?
Yes, we will manage fully furnished units, but we require a minimum 6 month lease for all of our properties. We will not manage short term (less than 6 month) fully furnished units.
- Do you need to be licensed to manage rental or strata properties in BC?
Yes, all Property Management Brokerages in BC must be licensed by the Real Estate Council of BC according to the Real Estate Services Act, and all Rental Property Managers and Strata Managers must be licensed as well. Fort Park Property Management and Real Estate is fully licensed to manage residential and strata real estate by the Real Estate Council of BC, as are all of our employees.
- How long have you been in business?
Fort Park Property Management and Real Estate has been officially incorporated in the Province of BC since the summer of 2008. The principals began their real estate management and investment careers in 2003.
- Do you offer discounts for multiple units?
Yes, we will look at price breaks for multiple units within the same complex.
- Do you charge GST or PST?
Yes, we charge 5 % GST as per Federal regulations. We do not charge PST.
RENTAL MANAGEMENT FOR TENANTS:
- What is your Pet Policy?
The applicant must pay a fully refundable pet Application Fee equal to 50% of the monthly rent. The applicant must also provide a picture of their pet, and we must meet the pet.
- What is the amount for the security deposit?
The security deposit for all properties is 50% of the monthly rent.
- How long is the lease term?
We have a 1-year lease for all rental properties however; there is always room to negotiate the term of the lease. We will not provide leases for less than 6 months.
- How do I set up an appointment to view the property?
If you are interested in setting up an appointment please fill out the application (click here to download a .pdf file) and fax it to us. You will find our fax number on your application. We will contact you within 24 hours to set up an appointment.
Contact us today to get started – Call: 604-447-7275