For Property OwnersWe’ll shoulder the weight, so you don’t have to.
Our services are made for you–to get the most out of your property and protect your investment.
Being a landlord can be a pretty incredible gig—but it can also be stressful. That’s where we come in. We’re experts at every aspect of property management, from navigating the local laws, handling tenant disputes, and keeping on top of maintenance.
No more chasing after tenants for missed rent or dealing with emergencies while you’re on vacation—we take care of all the day-to-day operations. If you want to step back and just receive the monthly rent payments, we can take care of everything else. Let’s make property management easy.
With Habit8, your property is fully managed—so you can step back and relax.
Scheduled upkeep to ensure all building systems work effectively and efficiently
Professional inspections annually
Preventative maintenance based on the owner goal’s and a comprehensive understanding of the building
Emergency repairs handled by experienced technicians who are available around the clock
Accounting, Record Keeping, and Reporting
Rent collection in a CDIC insured trust account
Payments for property expenses, including property tax, insurance, utilities, strata fees and maintenance
Annual budgeting and review with owners
All transactions are digitally documented and financial reports are available to owners at all times
Residents and Tenancies Management
Attract, qualify, and secure optimal tenants for each property
Clear guidelines and resources to empower tenants to have successful tenancies and mitigate common disputes
Pro-active management and strong legal foundation to handle any disputes that may arise
24/7 emergency response line
Owner Alignment & Protection
Determine owner’s specific property goals for optimal management
Offer varying levels of involvement depending on owner preference, from just receiving a direct deposit every month to being involved in decisions on tenants and maintenance
Ensuring proficiency with the latest rules and legislation to safeguard owners and provide innovative solutions
Available assistance with insurance policies and declarations i.e. the empty homes tax and speculation tax
Have a question? We have answers.
If you can’t find your answers, please contact us and we’ll answer any question(s) that you have.
What does a property manager do?
A property manager handles the daily operations of a residential property, including tenant relations, rent collection, maintenance requests, and more. Their responsibilities can range from advertising vacancies to handling eviction processes.
What does a property manager NOT do?
While this various, in general property managers will not direct large property improvements or renovations without owner’s consent. Managers also will not generally personally cover the costs of repairs or maintenance (they are deducted from the rental income or billed to the owner). Furthermore, while property managers can be prepared to submit evidence and attend hearings of the Residential Tenancy Branch, most cannot give legal counsel or represent owners in court.
How much does a property manager charge?
Typically, property managers charge a percentage of the monthly rent (often 6 – 12% for single units and 4-8% for multifamily buildings) collected, though this can vary based on the location and services provided. Lease-up fees for turnovers are also common. Property managers can also charge for when a property is vacant, set-up fees, various administrative fees, and mark-ups on repairs and maintenance bills.
How do property managers screen potential tenants?
A thorough screening process usually includes background checks, credit checks, rental history, employment verification, and reference checks to ensure reliable tenants.
Who handles maintenance and repair issues?
The property manager typically coordinates and oversees maintenance and repairs.
How often will I receive updates about my property?
This depends on the agreement. Some managers provide monthly reports while others might update you with major events or upon request.
What happens if a tenant doesn’t pay rent or breaches the lease?
Your property manager will have a process in place for late payments, which can include late fees, notices, and eventual eviction if necessary.
How is my property advertised and marketed?
Many property managers utilize online platforms, their website, email lists, and other marketing strategies to attract potential tenants.
Do I need to maintain insurance on my property?
Yes, owners should maintain adequate insurance coverage. Property managers may also require specific liability coverage to protect both parties.
Who holds the tenant’s security deposit?
This varies. In some cases, the property manager holds it in a trust account. In others, the owner might hold it.
How do property managers handle emergencies?
They typically have a 24/7 response protocol for emergencies like plumbing issues or natural disasters.
Can a property manager help me understand and comply with local rental regulations?
Yes, one of the benefits of hiring a property manager is their knowledge of local laws and regulations to ensure compliance. Maintaining full compliance and adequate documentation puts the property owner on the right footing in case any disputes come up which need enforcement.
How are disputes between tenants and neighbors resolved?
Property managers often mediate minor disputes but may advise involving law enforcement or legal action for more significant issues.
What measures are taken to ensure my property remains in good condition?
Regular inspections, maintenance checks, and quick responses to repair requests are standard practices.
Can I set a pet policy?
Yes, as an owner, you can specify whether pets are allowed, the type of pets, size, and if a pet deposit is required.
How are utility bills and other property-related bills managed?
This depends on your agreement. Typically, tenants cover their utilities, but some bills may be included in the rent. The property manager will oversee this process based on the lease terms.
Can I still enter my property whenever I want?
Legally, notice must often be given before entering a rented property, except in emergencies. Your property manager can guide you on proper protocol.
Do property managers handle tax payments for the property?
Property managers can handle property related taxes such as property taxes and municipal utilities. However, income taxes are typically handled by the owner based on financials provided by the property manager.
Get in touch
Need more information about our services?
Reach out anytime. We’re here for you so that you can enjoy property ownership without the stress and headaches.
