Services
Sit back and Relax
I specialize in full-service residential property management that fits your needs as an investor, homeowner, or landlord. We provide an end-to-end solution that allows you to sit back and relax while we handle all aspects of managing your property
Learn about the services we provide using our
Trio-Process Sequence!
Market Analysis and Property Inspection
Marketing
Property Listing
Property Showings
Tenant Screening and Placement
Regular Property Inspection
Rent Collection
Manage all Maintenance and Repairs
Landlord Portal with Information
Step 1:
Resident Assessment Framework
Market Analysis and Property Evaluation
We don’t solely rely on our extensive experience to evaluate fair rental value. We also carry out detailed research based on current market conditions. We examine properties in your neighborhood with similar features size, layout, view, amenities, parking, locker, backyard to position your property advantageously in the market, ensuring it rents quickly at a fair price.
Professional Photography
We offer professional photography as an added value service to show your property’s true beauty.
Property Advertisement
We strive to reach the widest audience possible by featuring your property on our Marketplace, Kijiji and on social media. Our realistic advertisements honestly depict what potential tenants should expect, avoiding disappointments and wasted time.
Answering Inquiries
We promptly respond to inquiries, answering potential tenants’ questions while also conducting an initial assessment to ensure compatibility with your property.
Arranging Showings & Coordinating Rental Applications
We coordinate property viewings and explain the rental application process, including documentation such as employment proof, credit score, and previous landlord references.
Step 2:
Lease Origination Process
Our firm undertakes a thorough tenant screening, checking employment, credit, and references. We then prepare a custom lease following Ontario guidelines and require tenants to provide proof of liability insurance and utility account setup. Finally, we collect the key deposit and conduct a move-in walkthrough, ensuring a professional and seamless transition for every tenant.
Tenant Screening & Selection
We conduct a rigorous tenant screening process, checking employment, credit, references, and other key factors. Our risk committee meticulously reviews each application to ensure tenant suitability.
Lease Preparation & Execution
We prepare a customized lease according to the Ontario Standard Lease guidelines, making sure all legal requirements are fullfilled.
Collecting Tenant Insurance & Utility Proof
We coordinate key deposit collection and hand over the property to the tenant on the agreed date, conducting a move-in walkthrough as part of our comprehensive service.
Step 3:
Smooth Transition Methodology
Arranging Monthly Rent Collection
We offer tenants various seamless payment options for their convenience, including contact-less payments.
Pre-Delivery Inspections for New Properties
Upon the owner’s request, pre-delivery inspections (PDI) for pre-construction properties can be request.
Property Owner Review & Approval
After processing rental applications, we work alongside the property owner for approval before finalizing the lease.
Dashboard/Software Support
At our property management company, we prioritize your ease-of-use with our Software Portal. This is our dedicated service to help you navigate and optimize our user-friendly dashboard and software. Our support team is always ready to assist with any technical needs, while ensuring you become proficient in our digital tools. Our aim is to streamline your property management experience through digital excellence and unwavering support.
Non-Resident Taxation for Rental Income
For international real estate investors in Toronto, reporting and remitting taxes on rental income to the Canada Revenue Agency (CRA) is required.
A non-resident of Canada who rents out their Canadian property, is subjected to a 25% tax withholding on the gross rental income. This amount must be remitted to CRA by the 15th of the following month after the rent payment is received.
Non-residents can choose to withhold 25% of gross rental income, and then file a return within two years to potentially claim a refund of all or part of the withheld amount, based on actual income and expenses incurred.
Another available option for non-residents is to withhold 25% income tax on the projected net rental income instead of the gross income. To do this, necessary documents must be submitted to the CRA, including Form NR6 and a corresponding expense sheet, before the first due rental payment. This process should be repeated each year the property is rented.
Eligible expenses for calculating the estimated net rental income may include condo fees, property taxes, mortgage interest, rental fees, repairs, and property insurance. If the estimated expenses exceed the estimated income, no remittance may be necessary, subject to CRA approval of the submitted Form NR6.
If the NR6 route is opted, please note that it requires the signature of the non-resident owner and a local/resident agent, typically your Toronto commercial property management company. Once completed, the form should be sent to the CRA for approval.
If opted to NR6, it is needed to adhere to certain filing requirements. Tax returns must be submitted by June 30 of the year following the rental year, using Tax Form Section 216. If tax owed is greater than the amount withheld, it’ll require the individual to pay the difference to the CRA. Conversely, if the amount withheld is more than the tax owed, the filer would receive a refund. However, if one taxes their file after the June 30 deadline, it’ll be taxed 25% of the gross rental income.
Need an Accountant?
Alpine Estate can connect you with an experienced accountant with extensive knowledge in the real estate sector and in Section 216 filings.
Helpful forms:
- NR6 FORM
- NR73 FORM
Ghufran@MyHomeToday.ca
Phone Number
+1 (647) 564-3130