Vancouver landlords usually compare property-management companies by the headline monthly percentage. That number matters, but the better question is what the fee includes, which charges are separate and whether the manager’s process reduces vacancy, missed documentation and owner workload.
Lift Realty Group’s property management fees
Lift Realty Group uses straightforward pricing for individual residential properties:
- Full property management: 8% of monthly rent collected, plus GST.
- Tenant placement: 50% of one month’s rent, plus GST.
- Multi-unit portfolios: custom pricing may be available after reviewing the portfolio.
The written management agreement should always confirm the exact services, responsibilities and charges applicable to the property.
What full property management includes
Full management is designed for owners who want an ongoing local point of contact. Depending on the property and agreement, the work commonly includes:
- Rent collection and owner payments
- Tenant communication and routine tenancy administration
- Periodic inspections and documented reporting
- Maintenance coordination and communication with qualified trades
- Strata correspondence, Form K coordination and move bookings
- Recordkeeping and support with Residential Tenancy Branch processes
- Renewal, rent-increase and move-out administration
A management fee should be evaluated against the actual work transferred away from the owner—not only as a percentage of rent.
What tenant placement includes
Tenant placement is for owners who want professional leasing assistance but plan to manage the tenancy themselves after move-in. Lift’s tenant-placement process can include rental pricing, professional marketing, enquiry handling, showings, application review, screening, recommendations, tenancy documentation and move-in coordination.
Once possession is delivered, the owner assumes responsibility for rent collection, repairs, legal notices, inspections, deposits and future tenant communication unless a separate management arrangement is in place.
Questions to ask about additional charges
Before choosing a property manager, ask for a complete written fee schedule. Questions should cover:
- Setup or onboarding charges
- Photography and advertising costs
- Inspection charges
- Lease-renewal fees
- Maintenance coordination or contractor markups
- Strata move coordination
- Residential Tenancy Branch preparation and hearing attendance
- After-hours emergency handling
- Fees charged while a unit is vacant
A low advertised percentage may not be the lowest total cost if important services are charged separately.
Compare fees with the cost of vacancy
For a rental producing $3,000 per month, an 8% management fee is $240 per month before GST. One additional vacant month costs $3,000 in lost rent before utilities, advertising or turnover expenses. This does not mean professional management guarantees zero vacancy; it shows why pricing, presentation, response time and tenant retention should be considered alongside fees.
Can property-management fees be deducted for tax purposes?
Management and leasing expenses may be relevant when calculating rental income, but tax treatment depends on the owner and the expense. Owners should keep invoices and statements and obtain advice from a qualified accountant. Lift Realty Group does not provide tax advice.
Frequently asked questions
Do I pay the 8% fee when rent is not collected?
The applicable management agreement controls. Lift’s published pricing is based on monthly rent collected; the written agreement will confirm the details.
Is tenant placement included in monthly management?
Tenant placement and ongoing management involve different work and may be charged separately. Owners receive the applicable fee structure before engagement.
Can I hire Lift only to find a tenant?
Yes. Tenant placement is available for owners who intend to manage the tenancy themselves.
Is professional management worthwhile for one condominium?
It can be. A single property still requires compliant documentation, inspections, repairs, rent administration and tenant communication. The decision depends on the owner’s experience, location, time and tolerance for day-to-day responsibility.
Request a clear management proposal
Tell us about your rental property and we will explain the recommended service, expected rent and applicable fees. Request a free rental assessment from Lift Realty Group.
Official information
Last reviewed September 16, 2026. Fees shown are Lift Realty Group’s standard published pricing and may be subject to the written service agreement. This article provides general information, not legal or tax advice.
