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Property Management in Kelowna

Former licensed property manager and associate broker at multiple brokerages in Kelowna.

Kelowna

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Information About Kelowna

Kelowna is a city in British Columbia, Canada, located in the Interior region of the province. It is located on Okanagan Lake, the deepest lake in Canada. The metropolitan area of Kelowna has a population approaching 250,000. The city of Kelowna currently has a population of around 150,000, which grew by the fastest rate in Canada in the latest census data. The city projects the population to grow by 40,000 by 2040.

With that projected population growth, the city has become a hot bed for development, both large and small. There are numerous condo developments underway (including Aqua, Movala, One Water Street, Bertram, Caban, Water Street by the Park) and more being sent to the city for approval. The city is also experiencing a large amount of construction with older homes being torn down and replaced with duplex/fourplex or small apartment buildings.

All of this construction makes Kelowna a great city for real estate investment. All those properties being purchased by outside investors will need a property manager to properly manage that asset for growth and to maintain it.

Below is a list of the reputable property management firms in Kelowna, serving the central Okanagan, and information on how to become a property manager if interested. These are property managers for long-term rentals. If you are interested in operating a short-term/AirBnB/vacation rental in Kelowna.

Property Management Brokerages

All of these brokerages will offer property management services throughout the Okangan, from Penticton, Peachland, West Kelowna, Kelowna, Lake Country, and Vernon. Some will offer the services for Big White and further north to Salmon Arm area, but it may be best to find a property manager in Kamloops for the north Okanagan and one in Penticton to serve your property management needs in Osoyoos or Oliver.

Vantage West Property Management

Vantage West is a successful real estate brokerage that has expanded to offering property management services. The owner is AJ Hazzi, who is well-known in the real estate industry in Kelowna/Okanagan, but also beyond the city. His accomplishments and knowledge are extensive in terms of investing in Kelowna. The real estate brokerage focuses on investment properties, both buying and selling them to investors.

With the property management division, they currently have three licensed property managers and a team of assistants to help the managers in all aspects of managing the property. They take a team approach to managing the properties, with a property manager overseeing the property, but another team member may be showing the property or creating the rental listing for advertisements.

They are a well-oiled machine and always rated favourably on Google or Facebook, currently 4.8/5 stars.

Real Property Management Executives

Real Property Management Executives is a small property management firm in Kelowna. The owners are Aaron (licensed property manager and managing broker) and Treena Piva (Manager of Operations). RPM is a successful franchised business for property management, which is how it started several years ago. After attaining the brokers license, the Piva's successfully started up their own independent brokerage.

Working alongside them, are a few other licensed property managers, and team members who assist with the properties. They have also expanded to offer maintenance services with a dedicated maintenance man for their properties. Maintenance is always a challenge, because owners want to keep costs down, but the property managers want to make sure the work is done properly. Having a dedicated maintenance person who is familiar with the properties they enter is extremely important in this business.

They are also highly rated with reviews, over 4 stars out of 5 on Google.


Inspire Property Management

Inspire Property Management is a small property management firm that handles both strata and residential property management. Their focus had been strata (condos and townhome complexes) but have been slowly expanding their property management division.

They currently have two property managers. One of them, Nolan Sisett, is a well-known and respected eviction specialist in the Okanagan. He also has a lot of experience with assisting owners with renovations and managing those projects.


Associated Property Management

Associated Property Management (APM) is by far the largest property management firm in Kelowna. They offer residential, strata, and commercial property management. Their team is comprised of 33 members currently, with additional support staff handling the financial aspects of the business. They have a wealth of knowledge with all areas of property management.

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APM also has its own maintenance division with a partnership with a local company.

Other Companies

Other companies to consider for your property management needs in Kelowna:

Highpoint Realty Ltd

Sutton-Hymark Realty

Coldwell Banker

Flex Realty

Locations

Real Estate Investing

Self-Managing Properties

If you would prefer to self-manage your properties, because you are located nearby or find property management services too expensive, there is a lot of information to be aware of initially before starting out as a landlord. This is not a comprehensive list of things to be aware of, but in British Columbia, there are specific rules for tenancies that are different than in other jurisdictions in Canada. Kelowna and West Kelowna, also have different regulations on what classifies a unit as a legal suite compared to an illegal suite, as well.

For British Columbia, it is highly recommended that you start with the Tenancy Branch of BC. There is lots of information there about the landlord-tenant relationship, all the required government forms, and any rules you may confront during the tenancy.

There are some good books available on Amazon as a starting point for being a landlord. I would also suggest joining some of the Facebook groups for landlords in the Okanagan and British Columbia:

BC Landlords

Okanagan Landlords

BC Landlords and Tenants Support

It is also suggested that you join LandlordBC, which is a support and advocacy group for landlords in BC. It is a paid membership with access to various forms, books, and so forth.

When you are ready to start screening tenants, it is strongly recommended to run a credit and background check on your preferred tenants. It will highlight information that may not be easily discoverable and will allow you to determine if the tenants can afford the rental property. My preferred resource for this is SingleKey, a very thorough and quick service for Canadians.

In addition to LandlordBC and books, there are some free and paid forms available on Etsy for landlords, including tenancy agreements, move-in inspection forms, and more. A quick search will help you find the appropriate information you seek.



Landlord Resources

This content is accurate and true to the best of the author’s knowledge and is not meant to substitute for formal and individualized advice from a qualified professional.

© 2022 James McCullough

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