Services | Rental Housing – Non Profit Sector

Respecting the role of Rental Housing – Non-Profit Sector

Can a for-profit business like FirstService Residential BC fully empathize with the needs and objectives of a non-profit organization? Our answer is a resounding, yes! FirstService Residential BC’s own corporate culture is founded on recognition, respect and community values; consequently, as your management company, we will be in complete alignment with the mission, vision and values of your non-profit society – a rewarding partnership for all concerned.

Why FirstService Residential BC:

• FirstService Residential BC understands the uniqueness of the non-profit sector. We recognize and respect the degree to which non-profit organizations – and the affordable rental housing opportunities they represent – contribute to the well-being of the community;

• We will carry out the policies, mandate and beliefs of the individual organization. FirstService Residential BC can be your liaison with BC Housing, CMHC, Residential Tenancy Branch, auditors, the Board of Directors and special interest groups;

• FirstService Residential BC is an active member of BC Non-Profit Housing Association. We have full knowledge and experience with operating agreements, rent subsidy programs, and Residential Tenancy Act;

• We can provide full-service management or specialized accounting and administration functions only;

• Our team can assist you with grant application preparation, and liaise with the development community for redevelopment or densification strategies.

What FirstService Residential BC Does For You:

• Tenants

Tenant references are verified, employment and credit checked, rent contribution and application for rent subsidy reviewed, suites inspected upon move in/move out, and rents collected promptly. FirstService Residential BC can also represent the society in any arbitration or matters before the Residential Tenancy Branch.

• Financial Planning

We will undertake financial reporting including preparation of annual budget, annual subsidy review, operating subsidy, capital planning and reserve requirements as per the operating agreement.

• Financial Records

Provide accurate record keeping of income and expenses, provide payroll and transactions services for on-site staff, prepare comprehensive, comparative monthly financial statements and oversee annual financial review or audit. 

• Site Management

Hire, train, supervise and evaluate on site staff, ensure WorkSafe BC compliance, and provide regular property inspection and reports.

• Repairs and Maintenance

Obtain competitively priced repair and maintenance work, and conduct regular reviews of contractors to ensure competitive pricing. We offer complete contract administration services, obtain Crime Free Status for buildings and caretakers, and ensure WorkSafe BC coverage and adequate insurance. FirstService Residential BC’s services also include engagement of specialists such as engineers, architects and other professionals.

• Insurance

We take on annual appraisal of assets, obtain reduced replacement-value insurance premiums through volume purchasing, and coordinate insurance claims.

• Emergency Service 

Provide 24-hour emergency contact and response service for all residents.

• Cost-efficiencies      

Bulk purchasing discounts and preferred contractor rates.

For further details of our Rental Housing - Non Profit Sector, please “Contact Us”
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