Property Management in Richmond

Most full-service residential rental management companies in Richmond charge between 8%–12% of monthly rent collected, plus a one-time tenant placement fee equal to 50%–100% of one month's rent. Our Richmond rental management includes marketing, tenant screening, lease execution, rent collection, maintenance coordination, monthly statements and year-end reporting. We tailor fees to portfolio size and asset class.

Switching is straightforward under BC's Strata Property Act. Your Richmond strata council reviews proposals, selects a new manager and provides 60 days' written notice (or as defined in the existing agreement). Korecki handles the full transition — records transfer, bank account setup, vendor onboarding, AGM coordination and a 90-day onboarding plan — so your council and owners experience zero disruption.

Form B (Information Certificate) and Form F (Certificate of Payment) are required disclosures under BC's Strata Property Act whenever a unit in Richmond is sold or refinanced. Form B summarizes financials, bylaws, insurance and depreciation status; Form F confirms strata fees are paid in full. As your strata manager in Richmond, we issue both within the legislated 7-day window, accurately and signed by a licensed manager.

Yes. As of July 1, 2024, all BC strata corporations with 5+ units — including those in Richmond — must obtain a depreciation report every 5 years, with no opt-out vote permitted. We coordinate qualified engineers, manage timing relative to your reserve fund cycle and help your Richmond council interpret findings to plan special levies or contributions responsibly.

The BC Strata Property Act and your bylaws determine responsibility. Generally, the strata corporation maintains common property (roof, envelope, hallways, elevators, plumbing in walls) while owners maintain everything inside their unit. In Richmond buildings, we provide a clear repair-responsibility matrix at onboarding so councils and owners avoid disputes and unnecessary insurance claims.

Average time-to-lease in Richmond is currently 14–28 days for well-priced units in good condition. We market across MLS, REW, rentals.ca, Craigslist and our internal database, pre-screen credit and references, and run in-person or virtual showings. For Richmond landlords, our average vacancy rate is under 3% and we re-lease most units before existing tenants move out.

We focus on long-term residential and strata management to ensure compliance with BC's Residential Tenancy Act and Richmond's short-term rental regulations. Following provincial short-term rental restrictions effective May 2024, most non-principal-residence Airbnb operations in Richmond are restricted — we can help owners transition to long-term tenancies and maximize stabilized cash flow.

Korecki manages strata corporations, rental buildings and new developments across Richmond — from City Centre and Brighouse to Steveston and Hamilton.

Local Richmond property managers respond faster, know the contractors, understand municipal bylaws (building permits, parking, recycling, fire inspection cycles) and have direct relationships with richmond trades. Korecki's team has managed properties across Metro Vancouver, BC since 2009 — meaning faster turnarounds, accurate local market rents and better outcomes for your council, tenants or development.

We manage strata corporations, townhouse complexes, rental buildings and individual investment properties across Richmond.

Yes. We manage strata corporations of all sizes throughout Richmond, including City Centre, Brighouse and Steveston.