Property Management Software for Landlords in New Westminster

Owning rental property in New Westminster means more than collecting rent. Tracking income and expenses across units, staying ahead of lease renewals, and knowing your true return takes real time. Mozongi REMA is free property management software built for New Westminster landlords who want every number in one place.

New Westminster rental market at a glance

Per the most recent municipal and federal data for the New Westminster metro area:

• Population: approximately 79k residents
• Median 1-bedroom rent: $2,050 / month
• Vacancy rate: 1.4%

How New Westminster compares to British Columbia

Across the 46 British Columbia markets we track, the average one-bedroom rent is about $1,724/month and the average vacancy rate is 2.1%. New Westminster's $2,050 median is 19% above the British Columbia average of $1,724/month, and its 1.4% vacancy is tighter than the British Columbia norm of 2.1%.

• Gross annual rent (one unit, before vacancy): $24,600
• Vacancy-adjusted annual rent: $24,256
• New Westminster rent vs British Columbia average: 19% above
• Estimated market size: ~79k residents

With vacancy this tight, New Westminster units tend to fill quickly and there's room to price at or above median — track each rent against the local annual guideline so increases stay documented and compliant.

If your New Westminster unit is rented below median and your DSCR is under 1.20, you have room to optimize. Mozongi REMA calculates DSCR, ROI, and cap rate automatically for every property.

Property management software made for New Westminster landlords

Whether you own a single rental in New Westminster or a growing portfolio across British Columbia, Mozongi REMA tracks every property, lease, and tenant and does the math for you.

• A portfolio dashboard showing every New Westminster property at a glance
• Automatic NOI, cap rate, cash-on-cash return, and DSCR
• Lease and tenant records with document storage
• Rent-collection tracking so you always know who has paid
• Mobile-friendly access from any property visit

Built for British Columbia landlords

Renting out property in New Westminster comes with its own rules, and Mozongi REMA helps you stay organized around them:

• BC's Residential Tenancy Act and the Residential Tenancy Branch govern tenancies in New Westminster — keep lease terms, dates, and renewals organized in one place.
• Rent increases — track current rents against the applicable annual guideline so every adjustment is documented and on time.
• Tenant records and documents — store leases, condition reports, and correspondence per unit.
• Every amount is tracked in CAD.

Know whether your New Westminster rental actually pays

New Westminster purchase prices and rents both vary widely, so a property that looks fine on paper can quietly underperform. Mozongi REMA calculates net operating income, cap rate, and cash-on-cash return automatically — so you can see whether a New Westminster unit is earning, breaking even, or costing you money, and decide what to do next with real numbers.

Start free in New Westminster

The free Starter plan covers up to 2 New Westminster properties with full financial analytics — no credit card required. As your portfolio grows, paid plans add more properties, automatic rent collection, and portfolio sharing with your accountant.