In the Greater Vancouver area, rental property management companies fees for individual residential units typically range from 5% to 12% of the monthly rent.

A 10–12% monthly management fee should generally include comprehensive property management services, such as:

  • Marketing your rental property
  • Professional photography
  • Paid advertising
  • Tenant showings
  • Tenant screening
  • Lease preparation, signing, and security deposit collection
  • Move-in and move-out inspections
  • Rent collection
  • Repair and maintenance coordination
  • Routine property inspections
  • Emergency response
  • Residential Tenancy Branch (RTB) dispute assistance
  • Insurance claim coordination
  • And more

As the monthly management fee decreases (below 10%), you’ll often find that fewer services are included.

Compare More Than Just the Monthly Fee

When comparing Vancouver property management companies, pay close attention to both the Tenant Placement (Leasing) Fee and the Additional Fee Schedule.

Many companies advertise a lower monthly fee but charge extra for services that are commonly required during the management of a rental property.

These additional charges may include:

  • Property inspections
  • Key cutting or replacement
  • Professional photography
  • Additional tenant showings
  • Repair and maintenance administration or markups
  • Renovation project management fees
  • Emergency response fees
  • Registered mail charges
  • Annual rent increase processing
  • Lease renewal fees

When these extra charges are added over time, many landlords end up paying approximately 9–11% annually for full-service property management anyway.

That’s why we offer comprehensive rental property management for 10% of the monthly rent, with the services listed above included in our management fee and without unexpected add-on charges.

Be Careful with Extremely Low Monthly Management Fees

You may also come across strata management companies that offer rental management services for as little as $50–$75 per month as a promotional or limited-time rate.

While this may sound appealing, it can be a red flag.

You May Become a Secondary Client

In many cases, the strata corporation is the company’s primary client, while individual rental property owners are secondary.

This can limit how fully the company is able to represent your interests because they must avoid potential conflicts between the strata corporation and individual owners. These potential conflicts are typically disclosed within the management agreement.

Our clients are always our primary clients, allowing us to represent their best interests without conflicting obligations. If we identify a potential conflict before working together, we’ll discuss it openly and, if appropriate, recommend another trusted property management professional.

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*The above information is not to be relied on as legal advice. If you require professional or legal advise for your personal circumstances, please reach out to us for a referral, or consult with us for property management services.

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