As a licensed property manager I am glad to see the regulatory body taking significant action against parties who are not complying with the licensing laws in British Columbia. See the link below.

https://www.cbc.ca/news/canada/british-columbia/unlicensed-property-management-penalty-bcfsa-1.6290396

I have spent many years working in the industry to learn the laws and regulations which are there to protect both Landlords and Tenants. I understand people who want to manage their own property or think it’s too expensive to hire a licensed professional.  Having said that breaking the law should not be something one is allowed to profit from. Landlords and tenants have a confrontational relationship in the market today due to many factors, one being a lack of trust. When people are acting in a capacity they are not educated in, this leads to greater friction between Landlords and Tenants in the marketplace, making it unfair for Landlords and Tenants. 

My recommendation to Landlords is, hire a property Manager. I suggest Tenants rent from property managers as well; this provides an additional recourse in the event of issue as licensed property managers can be sanctioned for unlawful actions, and therefore are more likely to follow the law’s. 

There are many unlicensed people managing properties for other parties, making it more difficult for those of us who act professionally and responsibly to provide quality service in the market. If you're not sure your property manager is licensed you can check by searching the BCFSA website.      

https://www.bcfsa.ca/public-resources/real-estate/find-professional

Licensed property managers are hired by Landlords to provide services to the owner of the property. They are not able to represent tenants in the finding of a rental property. There is a significant difference in these two tasks. 

Many fables I hear from Landlords are that I rented to this person. They seemed like a nice person, I should have done more background research before renting to them.  

From tenants it starts with I rented a place and the landlord seemed like a good guy….but after I moved in it was a nightmare. 

Need assistance managing your rental property? contact us for an evaluation of your needs.

Cartref Properties specializes in managing rental units located within Strata Corporations.

www.cartrefproperties.com