Property management in Vancouver|http://www.coronetrealtyltd.com
Owners in investment property one of the main obstacles to surmount is managing renters. A good fix to this is to use a property management company who will oversee promoting,choosing the renters, checking them out, getting a deposit, getting monthly rent, doing inspections at time of move in, handling repairs and sending in tax and strata corporation fees.
Usually these property managers also purchase income property, and can offer advice to the investor.
A licensed company is always a a better way to go than an unlicensed firm or other non-professional individual. Licensed management companies will usually have better service standards and in many areas will have professional errors and omissions insurance.
They will also maintain trust accounts, meaning that they will be receiving revenue on your behalf and putting it into a segregated escrow account that must be audited annually. The advantage of that is that an escrow account can't be attached by creditors of the property management firm - after all, they're your funds not the property manager's.
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