Why is it called property management?
I have worked in the rental and strata property management field in British Columbia since 2009. I have often wondered why it is called “property management”. Truth be told, we as property managers don’t really manage property. I have never received a call from the furnace asking me to change it’s filter, or a roof saying it is leaking or a toilet saying it is clogged.
The occupants who reside in the building are the ones who communicate the issues and concerns at the building. The tenant calls to say the toilet is not working, or that they are vacating the property, the tenant is the person who doesn’t pay rent on time, not the building. The tenant signs the “tenancy agreement” the property has no say in who lives there.
The reality is we are not property managers, we are people managers. When renting your property the goal should be to have a positive experience for both the Landlord and tenants. The property surrounds the people we manage, and when we manage the people well, the property will be happy. Who do we manage? We manage directly and indirectly relations between tenants, owners, building managers, and strata corporations. When property managers don’t manage the people a negative rental experience will occur.
Need assistance managing your people contact us for an evaluation of your needs.
Cartref Properties specializes in managing rental units located within Strata Corporations.
www.cartrefproperties.com
“Helping landlords find tenants a place they call home”