Due DiligenceDue Diligence

Is My Property Manager Is My Property Manager Licensed?Licensed?

An Investor’s Worst An Investor’s Worst NightmareNightmare

I was looking for a property manager I was looking for a property manager and a friend recommended that I call and a friend recommended that I call Joe the PlumberJoe the Plumber

I had 4 places to be tenanted. Joe I had 4 places to be tenanted. Joe rented 2 places, but had the tenants rented 2 places, but had the tenants write cheques to him under his write cheques to him under his personal name, then he disappearedpersonal name, then he disappeared

Joe’s partner finally called, and said Joe’s partner finally called, and said Joe had stolen the moneyJoe had stolen the money

NightmareNightmare

The partner said he would send the The partner said he would send the other post-dated cheques…but never didother post-dated cheques…but never did

Partner said I’ll pay you, but be patient. Partner said I’ll pay you, but be patient. I am now out 2 month rent and have no I am now out 2 month rent and have no

security deposit on 2 units and have 2 security deposit on 2 units and have 2 vacant units.vacant units.

HELP!HELP!

Go to www.reca.caGo to www.reca.ca

Click on Click on License License SearchSearch

Put in a name, company Put in a name, company or locationor location

Put in a name, company Put in a name, company or locationor location

Find your Property Find your Property MangerManger

The Real Estate Council of The Real Estate Council of AlbertaAlberta

www.reca.cawww.reca.ca

Brent Davies, Property Brent Davies, Property ManagerManager

www.brentdavies.comwww.brentdavies.com www.daviesmanagement.comwww.daviesmanagement.com