PROPERTY MANAGEMENT HAS BECOME MORE CHALLENGING
THAN EVER
With all the current economic challenges, constant changes to legislation, and worldly
events that we are facing now, including our article on ‘The Explosion of Meth’…
we thought that we start this issue of the newsletter by reflecting on… how
property management used to be.
Some of you reading this newsletter may not remember when property management was simple.
It was often an inexperienced office receptionist who would take on the role of the Property
Manager, as the laws and legislation back then were simpler than they are
today.
If you wanted to view a rental property, the Office Receptionist would ask the tenant
for a $50 cash deposit and hold their driver's licence until the tenant
returned the keys. If the tenant/s successfully secured the property, the
Office Receptionist would use a typewriter to prepare the tenancy agreement,
using carbon paper to create a duplicate copy. They would hand-write the
property condition report and collect the rent and bond by cash or bank cheque
to ensure that cleared funds were received before handing the keys to the
tenant.