Next Steps for New Property Management Clients
Welcome! If you’ve signed up for Power Properties’ full Property Management services, here are the next steps:
1. We’re getting your property ready for rent
This means we’re making arrangements to have your property photographed, and marketed on the best listing site in Calgary. If you need help getting your property rent ready (aka. a good clean, a fresh coat of paint, etc.), just let us know and we’d be happy to coordinate the work on your behalf.
2. Your Rental Property is advertised
Your property is advertised on our website and Rentfaster, Calgary’s leading online home listing service. Once the inquiries start rolling in, our automated Leasing System will pre-screen potential tenants and book them a showing with your Property Manager. Your Property Manager will keep you informed on the statistics of your rental property, including the # of inquiries and # of in-person showings.
3. We screen the tenants
If a prospective tenant is interested in renting a property, they will fill out an application form that will be processed by our team. Including an employment confirmation, a landlord reference and a credit check. Once we find a tenant that ticks all of our boxes, you will receive an email notification letting you know that your property has been rented.
4. Documents will be available on your Owner Portal
When you sign up for our full Property Management services, you will receive access to the Owner Portal. On the Owner Portal, you will be able to see all of your important documents, including your tenant’s lease, your monthly financial statements, pending work orders and more!
5. Non-Resident Tax Forms
If you will be a Non-Resident of Canada while we are managing your rental property, click here for an overview of our Non-Resident Tax Services.
Frequently Asked Questions:
What if something needs to be repaired?
Included with your Property Management Fees is $0 repair coordination on day-to-day repairs. We also offer a 24/7 Emergency Line in the case of an emergency. When a tenant contacts us with a repair or maintenance inquiry, we take the following actions:
We troubleshoot the problem with the tenant, if we are unable to solve the issue, we will arrange for the repair with a trusted third-party vendor.
If the repair will cost less than $750, we will approve the work on your behalf. You will receive an email notification that a “bill” has been created. A “bill” is us holding back money from the rent so that we can pay the invoice when it is submitted by the vendor. This amount is a rough estimation and will be reconciled with the actual amount from the invoice.
Once the work is complete, a copy of the invoice from the vendor will be uploaded to your owner portal.
2. How do I read my owner’s statement?
Click the image below to download a breakdown of your monthly financial statement.
3. Do you have more questions?
Check out our video series where we breakdown our process and help answer some questions you may have.
If you need to contact our office, for the fastest response time, please use the Chatbot feature on our website, located in the right bottom corner of your screen.
Want to talk to a person? Meet Our Team to find your Property Manager.