Property management fees in Metro Vancouver generally range from 6% to 12% of the monthly rent collected. The exact rate depends on the property type, number of units and the scope of services included. Some companies charge additional fees for tenant placement, lease renewals, maintenance coordination or early termination. At Murphy’s Property Management, our pricing is simple: an all‑inclusive 12.5% monthly management fee plus GST. There are no set‑up fees, no maintenance mark‑ups and no hidden charges.
What’s Included
A full‑service management fee should cover rent collection, tenant communication, maintenance coordination, routine inspections and financial reporting. When comparing property managers, look beyond the percentage and ask for a detailed breakdown of what is included. A slightly higher fee that bundles all services often offers better value than a low rate with numerous add‑ons.
The True Cost of Self‑Managing
Self‑managing your rental may seem cheaper, but it requires significant time and comes with legal and financial risks. You must handle advertising, showings, screening, lease preparation, rent collection, maintenance, inspections and dispute resolution yourself. A single screening mistake can lead to months of lost rent or costly eviction proceedings. Factoring in the value of your time and potential mistakes, professional management often pays for itself.