Wallington Realty : Orca Realty Inc. : Property Management

Being A landlord is hard! Have you considered hiring somone?

Managing a rental property can be overwhelming, from finding reliable tenants to handling maintenance requests to being on call 24/7 for all communication. A professional property manager takes the stress off your plate, ensuring your investment is well cared for. Read below for how to choose the best one for all your specific needs!

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Current Rental Properties In BC

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Available Rentals In BC

Is Marketing Important In Real Estate Services?

In any industry, marketing is key! With many younger generations moving into prominent roles in major companies and more people using social media every single month, the aim should be to get in front of as many end users as possible. When choosing someone to work with, you need to ensure that they have a strong marketing strategy. When we help clients + over a decade of industry experience, we tailor every sale/buy to maximize profits by advertising to our massive database which also includes the over 1 million views we have gathered on social media + our 5 star avg review rating!

Standards In Property Management

Experience, Innovation, and Trusted Service Make all The Difference

When selecting a property management company, it is crucial to ensure they provide advanced marketing tools such as 3D virtual tours and conduct thorough tenant screenings that include credit checks, proof of income, employment verification, and soft background checks. Additionally, prompt communication is key—ensuring that inquiries are addressed quickly and property showings are arranged within 12 hours helps capture interest and prevents prospective tenants from considering other options.

Expert Guidance Every Step Of The Way

From Evaluation to Management.

A comprehensive rental process designed to maximize convenience and results for landlords typically includes a free rental evaluation to determine optimal market rates. Professional photography and 3D video tours are essential for effectively showcasing properties. Extensive marketing networks, combined with thorough tenant screening processes—including credit checks, proof of income, and employment verification—help ensure that only qualified applicants are considered. Once the property is leased, management companies oversee all details, from regular inspections to necessary repairs, while offering landlords 24/7 online access to financial statements and tax-related documentation.

With a focus on proactive management and client support, landlords can benefit from seamless operations while their investment properties are maintained for long-term success.

SEE available rentals

Understanding The True Cost Of Self-Management

True Insights

Debunks the myth surrounding property management fees, emphasizing the hidden costs of self-management. Many landlords believe they save by handling properties themselves, but a good property manager will explain how tax implications often negate these savings. In Canada’s high-tax environment, deducting management fees significantly reduces taxable rental income, making professional management cost-effective.

FAQ

1. What are avg fees in general?

Full management is usually 7% plus gst and 1/2 month rent to find tenants for residents and 9% for non-residents. Tenant Placement is typically 1/2 month rent plus gst.

2. Can Non-Resident Owners Hire PM Comapanies?

Yes.

3. What is a typical tenant screening process

Typically it consists of a detailed and thorough vetting screening system in place:

Present landlord
Past landlord
Employment verification
Salary verification
Social media verification
ID verified through a Corporate ID software verification program
Detailed credit history and report through Equifax which also verifies rent to income ratio
BC Criminal Court checks

4. Should potential tenants provide tenant insurance?

Absolutely. In fact, on the Residential Tenancy Agreement-page 3, section 11, it clearly state tenant insurance is a must for all tenants.

5. How is Rental Price determined Usually?

By doing a thorough evaluation of the rental property which typically includes:

the location
square footage of the property
the amenities
the actual state of the property
the exterior
convenience to transit
schools in proximity
comparable rental properties

6. How Does collection of rent Most often work?

Most of the time, tenants will use direct deposit payment system. The rent is pulled automatically and safely on the first day of each month. A brokerage will also collect any pet deposits & security deposits.

7. When do owners get paid?

Owners are paid on the 15th of each month or the 1st most often.

8. Will I still pay the management fee if my property is vacant?

This is answer is always different based on the company you are speaking with!

9. How does a property management company advertise my property?

This was mentioned in the marketing section above! Marketing is crucial so make sure that whoever you forego using, they now how to leverage social media! This means Facebook, Craiglist, IG, Tiktok, Rentals.com, Realtor.ca, REW, Zumper, Apartments.com, Zolo and more!

10. How are ongoing repairs and emergency issues typically handled ?

Preventative Maintenance and Repairs need a 24/7 response/ stream of communication always open.

After informing you about the repair issue and getting authorization to move forward, a property manager will typically coordinate repairs with tenants and contractors to ensure that repairs are performed in a timely and efficient manner.