Urban City Rentals Inc. offers a complete range of Rental Property Management services in Burnaby for your investment property. With our personalized service tailored to meet your specific investment needs and objectives, we will help you achieve the best possible rental income potential while attracting the best tenants thought our years of online marketing experience and proven tenant selection process.
For more information on our Tenant Placement and Rental Property Management Rates and Fees - call Urban City Rentals today at 1-888-867-0876 or 604-677-7369 and speak to one of our licensed and experienced property managers in Burnaby to discuss your rental needs today!
Here are some of the main Burnaby suburbs and neighborhoods we service:
- Brentwood, Burnaby Hospital, Capitol Hill, Central Burnaby, Edmonds, Highgate, Lougheed, Metrotown, Montecito, Oaklands, Simon Fraser University, South Slope, Burnaby Heights
Here are some buildings in Burnaby, BC:
Centrepoint - 4808 Hazel Street, Metrotown, Burnaby
Jewel - 6188 Wilson Avenue, Metrotown, Burnaby
Presidia - 4333 Central Boulevard, Metrotown, Burnaby
Oakwood - 6508 Denbigh Avenue, Metrotown, Burnaby
Dynasty - 4505 Hazel Street, Metrotown, Burnaby
Monarch - 4567 Hazel Street, Metrotown, Burnaby
Spectrum - 4788 Hazel Street, Metrotown, Burnaby
Luna - 5000 Imperial Street, Metrotown, Burnaby
MacPherson Walk West - 5661 - 5675 Irmin Street, Metrotown, Burnaby
MacPherson Walk East - 5881 - 5889 Irmin Street, Metrotown, Burnaby
Acacia Gardens - 7388 MacPherson Avenue, Metrotown, Burnaby
Sonnet - 5848 Olive Avenue, Metrotown, Burnaby
Crystal Residences - 6028 - 6028 Willingdon Avenue, Metrotown, Burnaby
Crystal Residences - 6088 Willingdon Avenue, Metrotown, Burnaby
Arcadia - 7178 Collier Street, Highgate, Burnaby
Arcadia West - 7108 Collier Street, Highgate, Burnaby
Axis - 7225 Acorn Avenue, Highgate, Burnaby
West - 7088 Salisbury Avenue, Highgate, Burnaby
Esprit - 7328 Arcola Street, Highgate, Burnaby
Esprit 2 - 7325 Arcola Street, Highgate, Burnaby
Emerson - 7063 Hall Avenue, Highgate, Burnaby
Luma - 6688 Arcola Street, Highgate, Burnaby
Gemini II - 6659 Southoaks Crescent, Highgate, Burnaby
Belvedere - 6823 Station Hill Drive, Edmonds, Burnaby
Claridges - 6837 Station Hill Drive, Edmonds, Burnaby
Cortina - 6888 Southpoint Drive, Edmonds, Burnaby
Green - 7478 - 7488 Byrnepark Walk, Edmonds, Burnaby
Green - 7428 Byrnepark Walk, Edmonds, Burnaby
Mayfair Place - 7368 Sandborne Avenue, Edmonds, Burnaby
Mayfair Place II - 7388 Sandborne Avenue, Edmonds, Burnaby
Park 360 - 7088 18th Avenue, Edmonds, Burnaby
Villa Jardin - 6833 Station Hill Drive, Edmonds, Burnaby
Buchanan East - 4398 Buchanan Street, Brentwood, Burnaby
Buchanan North - 4380 Halifax Street, Brentwood, Burnaby
Buchanan West - 4388 Buchanan Street, Brentwood, Burnaby
Collage - 4723 Dawson Street, Brentwood, Burnaby
Collage - 4783 Dawson Street, Brentwood, Burnaby
Carmichael House - 4868 Brentwood Drive, Brentwood, Burnaby
Fitzgerald - 4888 Brentwood Drive, Brentwood, Burnaby
Jackson House - 4788 Brentwood Drive, Brentwood, Burnaby
Legacy South - 5611 Goring Street, Brentwood, Burnaby
Legacy Towers I - 2225 Holdom Avenue, Brentwood, Burnaby
MacDonald House - 4833 Brentwood Drive, Brentwood, Burnaby
Marquis Grande - 4132 Halifax Street, Brentwood, Burnaby
Memento - 2088 Beta Avenue, Brentwood, Burnaby
Montage - 4728 Dawson Street, Brentwood, Burnaby
OMA - 2345 Madison Avenue, Brentwood, Burnaby
OMA - 2355 Madison Avenue, Brentwood, Burnaby
OMA 2 - 4250 Dawson Street, Brentwood, Burnaby
Perspectives - 2133 Douglas Road, Brentwood, Burnaby
Renaissance - Fresco - 2088 Madison Avenue, Brentwood, Burnaby
Renaissance - Mosaic - 2138 Madison Avenue, Brentwood, Burnaby
Tandem - 4118 - 4118 Dawson Street, Brentwood, Burnaby
Tandem - 4178 - 4178 Dawson Street, Brentwood, Burnaby
Tandem - 4182 - 4182 Dawson Street, Brentwood, Burnaby
The Harris - 4768 Brentwood Drive, Brentwood, Burnaby
Thomson House - 4799 Brentwood Drive, Brentwood, Burnaby
Varley House - 4728 Brentwood Drive, Brentwood, Burnaby
Watercolours - 2289 Yukon Crescent, Brentwood, Burnaby
Strathmore Lane - 3388 Morrey Court, Lougheed, Burnaby
Silhouette - 9868 Cameron Street, Lougheed, Burnaby
Silhouette - 9888 Cameron Street, Lougheed, Burnaby
Sandlewood - 9283 Government Street, Lougheed, Burnaby
Sandlewood - Phase I - 9233 Government Street, Lougheed, Burnaby
Sandlewood - Phase II - 9098 Halston Court, Lougheed, Burnaby
Here is a sample of some frequently asked questions we often recieve from investment properties owners about our rental property management services.
Why should I use a professional property management company?
There are many advantages in utilizing a professional property management company:
- Our expertise and experience will ensure that your investment is looked after professionally
- Suspicious or criminal tenants (grow ops, prostitution houses, drug dealers, etc) will generally avoid renting through professional agencies.
- Your identity is kept completely anonymous allowing us to maintain an arm's length control.
- The best tenants feel more comfortable renting with a professionally managed property as it gives them peace of mind that the owner is serious about the rental of their investment.
Should I rent my apartment as an unfurnished or furnished rental?
In our experience, we always recommend renting a property as unfurnished for the following key reasons:
- You can generally secure a longer term tenant who will take much better care of the property as if it was their own, thus preserving the condition and value in the long run.
- Furnished rentals tend to be shorter term, resulting in more tenant turnover and hence, more wear and tear leading to increased maintenance costs
- An unfurnished rental provide predictable and stable rental income whereas furnished rentals will encounter periods of vacancy (30% annually).
- With an unfurnished rental, you do not need to pay for utilities, linens, cutlery, etc.The maximum damage deposit is half month rent which may not amount to very much if you need to replace damaged furniture or electronics
How long does it take to find a tenant?
In most cases, it will take roughly 1 full calendar month to successfully place a new tenant. The reason for this is simple: as a tenant, you are required to provide your existing landlord with 1 full calendar month notice by the last day of any given month. Most tenants will either look for a new place to rent just before they decide to give notice or start looking right after they give notice. The good tenants (those who are prepared and organized) will find new places very quickly. As the month progresses, the number of available tenant prospects goes down and by mid-month, most will have all ready found new places rent. Therefore the best time to list a new property is 4-6 weeks before your desired tenancy start date.
What if my tenant breaks the lease agreement?
All leases signed through Urban City Rentals include a standard "Liquidated Damages" clause that simply states that should a tenant need to break their lease prior to the expiration of the fixed term (typically 1 year), then they would be liable to up to 1 months rent to cover your cost (the owner) to re-lease the property. Essentially, your costs is our lease up fee plus any miscellaneous charges that may be incurred in order to secure a new tenancy (ie. credit checks). Assuming that we are able to re-lease the property immediately right after the tenants move out without any loss in rental income, there would be no financial loss (or gain) for you as the property owner.
What happens if I decide to sell my property during the tenancy?
Should you decide to list the property for sale during the fixed term portion of the tenancy agreement, the tenant will have legal rights to stay at the property during this time, even if ownership is transferred to a new owner unless a "Mutual Agreement to End Tenancy
" is agreed to by the tenant. If the lease is a month to month term, then you must provide the tenant with 2 full calendar month's notice and also compensate them 1 month's rent for terminating the tenancy - unless the tenants agree to a "mutual agreement to end tenancy".
How are applicants screened?
All tenant applications are screened and processed through Tenant Verification Services
which is the #1 leader in North America in providing landlords and property managers with credit reports through both Equifax and Transunion. We strongly believe that a successful tenancy is created through the initial tenant screening and selection process. Through an exhaustive background check, that includes reference checks, employment verification, criminal records search, past landlord references, etc - we are able to ensure that your property is leased to responsible, financially stable and qualified tenants.
Do I have input into who is selected as tenants?
Absolutely! For every application that we receive, we will review them directly with you. We will either recommend or suggest alternation options in every case and the decision will be reached mutually to ensure you are comfortable with the decision and tenant selection.
What is the best price I can get for my rental property?
Every property and owner is unique and the we will review your specific rental objectives directly to ensure that the best possible rental income is achieved. Most importantly, our goal is to ensure that the best possible long term tenant is selected for tenancy at your investment. Pricing strategy is a crucial component as a completive yet aggressive price will attract a larger pool of tenant prospects, which in turn will allow you to select from a pool of the best candidates.
For more information on our Tenant Placement and Rental Property Management Rates and Fees - call Urban City Rentals today at 1-888-867-0876 or 604-677-7369 and speak to one of our licensed and experienced property managers to discuss your rental needs today!