The influx
of foreign buyers into the condominium market has added a new
job function for agents as
they're increasingly managing the leasing process on behalf of overseas
owners.
For these brokers, performing background checks on renters,
collecting rent, paying utility bills and overseeing repairs and renovations
have become as much a part of the job as selling apartments.
While larger
landlords outsource these duties to management companies, few such services
exist for individual apartment owners. A 'cottage' industry
exists in places like Vancouver where international investors have been
buying for over two decades.
