Property management is a licensed profession in British Columbia that requires knowledge of provincial legislation, real estate practices, trust accounting, and client service. In BC, there are two types of property management licences: Rental Property Management and Strata Property Management. While both roles involve managing real estate, handling maintenance, working with clients, and complying with provincial regulations, their day-to-day responsibilities are quite different.

Rental Property Management in BC

A Rental Property Manager is responsible for overseeing residential rental properties and helping property owners protect their investment while ensuring tenants have a positive rental experience.

At Greater Vancouver Tenant & Property Management Ltd., we specialize in managing single-dwelling residential properties, including:

  • Condominiums
  • Townhomes
  • Detached homes
  • Duplexes
  • Triplexes
  • Other residential properties without common areas

Typical responsibilities of a Rental Property Manager include:

  • Marketing vacant rental properties
  • Screening prospective tenants
  • Leasing and move-in/move-out coordination
  • Collecting rent and managing arrears
  • Coordinating repairs and maintenance
  • Conducting regular property inspections (our full-service management includes two inspections per year)
  • Advising owners on annual rent increase regulations and current rental market conditions
  • Assisting with Strata notices and compliance where applicable
  • Coordinating qualified contractors and service providers

A professional Rental Property Manager helps ensure the property remains compliant with current BC tenancy legislation while minimizing vacancy and protecting the owner’s investment.

Strata Property Management

Strata Property Managers primarily work with Strata Corporations and Strata Councils rather than individual rental owners.

Their responsibilities commonly include:

  • Preparing for Council and Annual General Meetings
  • Drafting and distributing meeting minutes
  • Coordinating building maintenance
  • Managing annual operating budgets
  • Assisting with insurance renewals
  • Developing depreciation reports and capital planning
  • Managing chargebacks
  • Coordinating on-site staff and contractors
  • Helping ensure compliance with the Strata Property Act and bylaws

Because strata communities involve multiple owners and shared common property, Strata Property Managers focus heavily on administration, governance, and long-term planning.

Why Property Managers Are Important

Whether managing rental properties or strata communities, property managers spend a significant amount of time explaining their role to property owners, tenants, councils, and the general public.

Property management is a highly specialized profession requiring knowledge of:

  • Residential tenancy legislation
  • Strata legislation
  • Trust accounting
  • Property maintenance
  • Risk management
  • Conflict resolution
  • Client communication

A qualified property manager helps owners stay compliant with changing regulations while reducing stress and protecting the long-term value of their property.

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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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