Though a lot of Canadians own rental properties, not all of them have the time or desire to manage day-to-day operations. Often, these landlords hire property management companies to speak with tenants, manage finances, and handle a wide range of other matters. Here’s a brief look at what you can expect from a career as a property manager:
- Tenant Relations
Since tenants are the driving force behind every rental property, much of your job will be dealing with people. You’ll show units to prospective tenants, review applications, perform credit checks, and be responsible for many other tasks. As property manager, you’ll be the main link between the landlord and tenants. Depending on who you work for, you may even manage several properties at once.
- Property Maintenance
No matter how new a property is, certain parts break down. As property manager, you’ll be responsible for overseeing the various aspects of your properties, including landscaping, plumbing, structural issues, and others. If a tenant says that he has a clogged sink, for instance, it will be your job to ensure that a professional plumber comes and takes care of it.
- Accounting Services
Managing a rental property is like running a business. In order to continue managing your property, you’ll need to pay various expenses and make sure you have a steady flow of money. For example, you’ll keep track of utility bills and ensure that all of the tenants fulfill their financial obligations. As a property manager, you can expect to make around $50,000 a year or more.
If you’re interested in becoming a rental property manager, contact Real Smart Real Estate Training School. Though our school is located in Surrey, you can access our rental property management course from anywhere in Canada. We’ll even provide you with a 100-question mock test to help prepare you for the UBC exam. For more information, call us today at (604) 597-8925.
