PROPERTY MANAGEMENT
Our passion is to provide great lifestyles in places people most want to live, work and play.
Placement of Tenant
Ongoing Property Management
Non Resident Package
Home Check Services
Overseas investors choose to invest in real estate in Canada as a long-term investment, real estate property will increase in value over time as well as obtain stable rental income. Buying a house in Canada, due to property policy, different environments, how to gain real estate rental profits and manage real estate property has become a major problem to many people.
Overseas investors renting their investment property in Canada is a perfectly a legal activity, owners can decide how to rent their house. In general, owners who are permanent residents in Canada would choose to find their own tenants; Owners of short or habitual residence will delegate it to a third party (usually a broker).
Sometime renting might get into trouble because of the lack of familiarity of “Canadian residential leasing” and the relevant provisions, many homeowners in the process of house renting will encounter a variety of problems.
Therefore, many owners will choose the property management company to take over the management and leasing of properties, burdens taken off as the property is under great care.
- Free market rent evaluation
- Market the property
- Check tenant references and locate suitable tenants
- Sign lease agreements
- Collect damage deposits and rent payments, forward net income to owner
- Perform move-in/out inspections, detailing suite condition and content as well as conducting regular property inspections
- Prepare monthly/year-end financial statements. (We will setup and maintain a trust account for you.)
- Provide owner with copies of all relevant documentation (*All documentation will be available for www.sincerealty.com through the owner login portal)
- Address any tenancy issues
- Provide 24/7 emergency response to tenants and landlords
- Arrange for required cleaning and maintenance
What’s included:
- Advertise for suitable tenant at landlord’s expense. Funds must be advanced.
- Screen all calls from ads and pre-qualify tenant
- Advise landlord of progress and potential tenants
- Process application from tenant, check credit rating and references as required
- Complete paperwork including tenancy agreement
- Provide a “detailed addendum” to the standard RTA
- Property condition report, pictures of property
- If applicable complete Strata Form K
- Collect post-dated cheques or arrange direct deposit into account
- Make arrangements for move in with building manager or owner
- Assist new tenant with connecting utilities etc.
Includes Placement of Tenant Plus:
- Processing of rent cheques monthly
- All banking procedures
- Payment of property taxes, annual utilities etc.
- Issue monthly statement of property activity
- Routine repairs and maintenance by trades people
- Liaison between landlord and tenant
- Enforce the Residential Tenancy Act
- Rent increases
- Termination of Tenancy
- Arbitration hearings at additional cost
- Check in and check out procedures
- Final annual accounting
Includes Placement of Tenant Plus:
- NR 6 Filing, withholding tax, monthly remittances to Revenue Canada, and annual summary.
- Processing of rent cheques monthly
- All banking procedures
- Payment of property taxes, annual utilities etc.
- Issue monthly statement of property activity
- Routine repairs and maintenance by trades people
- Non-resident tax remittances
- Liaison between landlord and tenant
- Enforce the Residential Tenancy Act
- Rent increases
- Termination of Tenancy
- Arbitration hearings at additional cost
- Check in and check out procedures
- Final annual accounting
- International long distance and postage for communication with landlord
What’s Included:
- Weekly, bi-weekly, or daily checks structured around your individual needs
- Property log maintained for insurance purposes
- In-depth exterior and interior property checks
- Pick-up, removal and/or re-direction of mail, packages, newspapers etc.
- Organization of repairs or maintenance as required
- Available to allow access upon your request or instruction
- Monthly accounting and statement services
- International long distance and postage for communication with landlord