Finding a Licensed Property Manager
So, you own a piece of residential or commercial investment property that you would like to rent out to a tenant. You know you don't have the time or skills necessary to manage the property on an ongoing basis, and you would like to hire a licensed property management professional to help you – but how do you go about finding one?
Every property owner has different needs and it’s important to find the property management professional that will suit your needs. But how?
Word of mouth referrals
Talk to your friends and neighbours. Get recommendations from them about experiences they’ve had with licensed property managers.
Google is your friend. Many property management professionals have an online presence, whether it’s a personal website or profiles on various social media sites. Do some searching online and find someone that appeals to you.
Check the RECA website
RECA posts all of its disciplinary decisions on its website. If you’re looking for a property manager, check the Decisions & Appeals tab on RECA’s website for two years of disciplinary history, to see if the professional you want to work with has been disciplined.
Interview some options
While the above suggestions will help you find some options, they won’t tell you exactly which property management professional is right for you. Your next step should be to interview the property managers you are considering. Make sure they have the experience, background and knowledge necessary to assist you in your purchase or sale. It’s also a good idea to ask them for references.
Regardless of how you find a property manager to work with, make sure you understand the services he or she will provide. Written service agreements are required in Alberta when you’re the client of a property management professional. Your property manager will ask you to sign a written service agreement. Make sure you understand and are comfortable with what you’re signing.