For many property owners, the idea of hiring a property manager can be a little mysterious. “What exactly do they do, and is it worth the cost?”. Here’s a clear breakdown of what property managers actually do and how they make owning rental property simpler and more profitable.
Marketing and Tenant Placement
One of the first things a property manager does is find the right tenants. This goes beyond putting up a “For Rent” sign:
- Professional photos and online listings to attract quality tenants
- Screening applications, including credit, employment, and references
- Conducting showings and handling inquiries
The goal? Minimize vacancy periods and reduce risk by placing reliable tenants from day one.
Rent Collection and Financial Management
A property manager handles the money side of things, which can save owners a lot of stress:
- Collecting rent and issuing receipts
- Tracking late payments and following up professionally
- Providing monthly financial statements and year-end summaries
With proper systems in place, owners can stay informed without doing the day-to-day bookkeeping.
Maintenance and Repairs
From leaky faucets to emergency issues, a property manager coordinates all maintenance tasks:
- Scheduling regular inspections and preventive maintenance
- Handling emergency repairs quickly
- Coordinating with trusted contractors and service providers
This ensures the property stays in top condition, protecting your investment and keeping tenants happy.
Legal Compliance and Tenancy Issues
Landlords must comply with the Residential Tenancy Act and local bylaws, which can be tricky. Property managers:
- Prepare and serve legal notices correctly
- Handle tenancy disputes professionally
- Ensure all tenancy agreements and renewals meet legal requirements
Having a knowledgeable property manager helps avoid fines, legal headaches, and potential disputes.
Communication and Peace of Mind
One of the biggest benefits? A property manager acts as the middleman between owner and tenant. They handle inquiries, complaints, and emergencies, so you don’t have to. This means owners can enjoy the income from their property without the daily stress.
What This Means for You
Hiring a property manager isn’t just about convenience—it’s about protecting your investment, maximizing rental income, and reducing stress. Whether you own a single condo or multiple rental units, a property manager can save you time, money, and headaches.
At Brix Property Management, we combine local expertise, professional systems, and a personal approach to help landlords and tenants thrive. Managing a property can be complicated—but with the right support, it doesn’t have to be.
➤ Not sure if a property manager is the right fit for you? Contact us at info@brixpm.ca.