DASH Property Management » INVEST | Lease | Manage

Balancing the needs of the collective owners is essential. Dash is a well-equipped organization that can deal with your unique investment needs. We provide our clients with a one stop, full service shopping service for all their real estate service requirements including “Complete Management Service”, personal assistance, a professional atmosphere, and a superior total property management solution. We strive to provide each of our clients and their tenants with professional, prompt, and courteous service. Each of our Property Managers treats all clients and tenants with respect and dignity.
Using  condominium rental management service is a solution to save you time dealing with tenancy, maintenance and administrative matters. Moreover, condominium owner are looking for passive rental income. Once, the condominium owner starts being involved with the day to day operating of the property it is NO longer PASSIVE INCOME.

Our services are tailored for condo owners to carry on with their life, not worry for late night calls or repairs request and not give away their weekends to deal with tenancies issues.

Dash's property management program is a stratigic alliance allowing condominium owners to either acquire more properties to enhance thier passive income or find professional and complete solution to have the property looked after until the property owner decides to move back in.

If you plan on travelling out of town for at least 12 months, build up a rental portfolio, keep a condominium for your kids to when they grow up they could move in or simply you don't like dealing with tenants, maintenance, building management, accounting and rent collection Dash Property Management is your right choice.

Dash will directly monitor the monthly rent payment by the tenant. We will accommodate payment of operating expenses (monthly maintenance fees, property taxes etc.). The balance of the rent will be wired to the owner Canadian bank account. Tenant’s maintenance complains will be directed to our office which is available 24 hours/7 days a week via email or phone. Our maintenance coordinator will look after any maintenance request. Monthly summary will be emailed to owner with a detailed breakdown. Our staff will be available to address your both your tenant and your questions.

According to the Canadian Revenue Agency (“CRA”), nonresidents of Canada must remit 25% of any rent received as withholding tax by the 15th day of the month following the month during which the rental payment was paid or credited.
It is important to know that non-residence tax status is not determined based on citizenship rather on various criteria as outlined in the questionnaire by CRA (look under Useful Forms). For example, Canadian citizens that travelled abroad for work, live or study purposes can be deeded as non-resident for tax purposes. We would be able to assist you in determining your taxation status.

In order to improve our clients’ cash flow we can file form NR6 for our nonresident clients to minimize their withholding taxes. NR6 allows us to withhold 25% of the net estimate income for the nonresident. However, by filing the NR6 form Dash must file the tax return for the client for the same calendar year (January to December).

By June 30th of the following calendar year our office will file nonresident tax returns in order to find whether the client needs to pay tax or should receive tax refund.

Record track of hundreds of leases to date throughout Toronto allows us to be on top of the rental market statistics and trends. We excel in properly pricing your property and market it. Normally the standard lease we sign for our clients is for a minimum of 12 months term. If you are utilizing Dash to rent out your unit, we will complete the rental process from start to finish, listing and showing your property, processing applicants with credit and references checks, collecting deposits, preparing the unit for occupancy and coordinating move in with tenants.

Rest assured we will use professional trades to carry out any repairs. We will try to troubleshoot the matter prior to placing the call as we strive to keep owners operating costs as low as possible. Our representative will be on site to either supervise the work or to confirm it was carried out properly.

Dash is not affiliated with any contractor and we do not get paid by any trade for any work performed for our clients.

We gained substantive experience and knowledge about residential financing and will be happy to assist clients with obtaining the proper financing as for most owner this is key in their investment.

Take advantage of our large property portfolio allowing you to obtain better insurance for your rental property.

Rebate is available If you purchase newly developed condominium property from a builder and you paid the GST/HST on the purchase of a newly constructed or substantially renovated residential complex or an interest in the complex and you lease the complex or units in the complex to another person for residential use by an individual. The rebate is not for the full GST/HST paid but only for a portion of the GST/HST paid.

The rebate must be filed within two years after the end of the month in which tax first becomes payable on your purchase.

Property owners have to file Capital Gains return to report the sale of property regardless if the sale resulted in gain or loss. The return should be filed following the end of the calendar year and allows Seller to account for the selling costs.

When a nonresident sells the property his solicitor is required to withhold 25% of the selling price. The solicitor should file the request for “clearance certificate” to Canadian Revenue Agency (CRA) which might take few months to receive. Once the “clearance certificate” is accepted the solicitor releases the withholding funds less 25% of the gross profit.

For example:

Mrs. Y purchased property in 2005 for $45,000.00 and had closing costs of $5,000.00.

Mrs. Y sold her property in 2011 for $100,000.00 and had additional selling expenses of $10,000.00

Upon sale $25,000.00 are held by the seller’s solicitor ($100,000 X 25%)
Upon receipt of the “clearance certificate” the following is calculated:
Amount to be paid to CRA by the solicitor ($100,000.00-$50,000.00) X 25% = $12,500.00
Solicitor to Credit Seller = $25,000.00-$12,500.00= $12,500.00
Capital Gain return is filed to account for the selling expenses and possibly receive additional refund from CRA.

Ask us how we can help you with the Capital Gains return filing.

Prior to occupancy of a newly built condominium in Ontario, Tarion, the Ontario New Home Warranty Program, requires home owners to inspect the Condominium unit for deficiencies and construction was completed as per you agreement of purchase and sale. Dash can complete all the necessary inspections and forms in your absence. Our attention to details and experience in the process, can make it a smooth transition.