We have been doing property management for well over 20 years, so we have had a lot of time to learn what works for our investors and their tenants. We have developed efficient systems and practices that help you to maximize the return on your investment property, whether you’re an individual owner or part of one of our innovative property rental pools.
We offer full property management services, including the following:
- Comprehensive, easy-to-read monthly financial statements
- Payables and receivables
- Payroll, Revenue Canada remittances, T-4s & WCB reporting
- Screening, hiring and training of building caretakers
- Regular suite inspections
- Handling of all tenancy matters and arbitrations as may be necessary
- Completing proper tenancy paperwork in compliance with the Residential Tenancy Act
- Collecting and returning security deposits
- If necessary, obtaining insurance coverage and insurance valuation appraisals
Meicor began managing rental pools in multi-family/stratified buildings in 1996 and have great success with these complexes in their rental operation.
Benefits of a rental pool
In our rental pools, all participating units share revenue, vacancy losses and expenses proportionate to their size (i.e. one-bedroom, two-bedroom, etc.). We email clear, easy to read monthly financial statements to participating owners. Investors receive their share of rental revenue each month by electronic deposit. One of the main advantages of being a part of a rental pool is that investors receive revenue each month even if their unit is vacant.
Costs such as painting and suite repairs as required on tenancy turnover and general repairs during tenancies are shared amongst all participating rental pool units. We obtain a group insurance policy for each rental pool, so owners in the pool do not need to worry about obtaining insurance. We put in place a unit owner/landlord insurance policy for rental pool units at a significant discount to investors.
A team of professionals on your side
Staff are licensed, experienced and friendly. We consistently deliver personal, professional service. The Meicor Property Management team is made up of:
Laurie Sims has been with Meicor since 1995. In 2012, she purchased the company and became managing broker. Laurie is licensed for both strata and rental property management; her clients appreciate her background and years of accounting and financial reporting experience.
Why Choose Meicor
With years of experience in providing rental property and strata management services, we have efficient systems in place and your best interests at heart. We offer a complete, all-inclusive service package at a competitive rates with no hidden extra costs.
We manage 33 different buildings in Ladysmith, Chemainus, Duncan, Port Alberni, Courtenay and Campbell River. See all of our available rentals.