We are Vancouver’s foremost rental management specialists
Find out how we can help you find a quality tenant for your property!
Looking to maximize your profits and maintain your property values?
Profitable and carefree ownership
Whether it’s golfing, sailing, or skiing, you can enjoy more of it when you put your property in our hands.
Downtown Suites, a boutique property management and real estate company, specializes in strata-titled suites, apartments, town homes and town houses in Downtown Vancouver and the Westside.
As licensed professionals under the B.C. Real Estate Act, we have been serving our clients for more than 25 years.
We provide expertise and individual attention to all the properties we manage or sell.
We offer comprehensive, fully customized suite management and sales.
Our clients enjoy profitable and carefree ownership.
Our management services cost less than what your time is worth
- All fees are DEDUCTIBLE for income tax purposes
- Our fees are as competitive as any in the industry and our service is better!
- If you analyze our fees compared to other first class rental management, we are certain you will find us the most reasonable overall
- Lease up fee of 75% of the first months rent to secure a quality new tenant
- All fees are subject to GST and PST as required by law.
- All of our property management fees are DEDUCTIBLE against your income for income tax purposes
All the condo apartments under our management are well maintained
- We are licensed rental property managers and all rent monies are held in trust.
- Prompt response and attention to all repair requests.
- Our tenancy agreements are governed by the Residential Tenancy Act of BC and we use the approved forms.
- Unless otherwise noted all tenancies are for a minimum of one year’s lease.
- We require at least one adult who will be residing in the suite to view it prior to application.
- We require a minimum of two personal references.
- We require a previous landlord reference.
- Prospective tenants will be required to agree to our obtaining a credit reference and income verification.
- Once approved, a deposit of one half month’s rent is required from the applicant.
- Should pets be allowed, half a month’s rent is required for a pet deposit.
- We pride ourselves in being excellent landlords; we have an A+ Better Business Bureau rating to prove it.
Please note that the first two pages of our application form includes the "Disclosure for Residential Tenancies."
FAST TRACK YOUR APPLICATION BY BRINGING IT TO THE VIEWING.
It is important for you to carry a TENANT’S INSURANCE PLAN, and it is a condition of our rental agreement that all our tenants do.
Are you a non-resident of Canada?
- Please review the CRA website for the requirements for being considered a non-resident of Canada.
- We are not tax consultants; if you have questions pertaining to your status, they should be made to your accountant. The non-resident tax is currently set at 25% of net income
- All non-resident owners are required by the Canadian Government to obtain either a Social Insurance Number (SIN) or an International Tax Number (ITN). Our accounting office will send you the online forms for application or download.
- It takes approximately twelve weeks to process an ITN number.
- We cannot pay any funds to a non-resident owner without either of the above.
- The managing agent is responsible for withholding and remitting to Canada Revenue Agency (CRA) 25% of the gross rent collected each month.
- Non-residents are required to file income tax on an annual basis. If you need help with filing your income tax in Canada please contact your accountant
- We report to CRA the owner’s rental income and withholding tax on an NR4 information return which is due by March 31st. A copy is also sent to the owner or their accountant which needs to be included with their income tax.
- If the property is vacant for more than six months you are required to pay the provincial BC Speculation and Empty Homes Tax and also the Federal Underused housing tax. Both of the above must be filed annually by all resident and nonresident property owners.
- If you sell your property in Canada you are required to request from CRA a Certificate of Compliance related to the disposition of your property not later than 10 days after the sale of the property. Penalty for late filing is $25 per day up to maximum of $2500. We suggest you send a request as soon as you receive an offer form the buyer. Our accounting department will also provide you with this service for a fee of $350 plus GST.
- Our fee for remitting monthly taxes to CRA and annual filing of necessary paperwork and liaising with the Canadian Revenue Agency (CRA) is $30 per month.
- All our fees are tax deductible and subject to GST.
- For more information, please review the CRA website.
View the video: Nicholas Meyer outlines information for Non-Resident Owners contemplating a sale of their property.
As you may already know, Downtown Suites Ltd. is a firm of proven, professional, caring and conscientious people; the kind of people you can depend on, which is one of the reasons why we have an A+ rating with the Better Business Bureau. We would appreciate any referrals you may have in regards to your clients who have purchased for investment and who may be looking for a property manager and potential tenants. It could also be a value-added service from you, to be able to recommend the property management services of a reputable company such as Downtown Suites Ltd.
- Your clients are always your clients, your name is on the file and is always referred back to the client should they advise they wish to make any real estate transaction.
- I have personally been in the industry since 1978 and I started Downtown Suites back in 1994.
- We own our own offices, clear title, at 1174 West Pender St. and have five fully qualified licensed rental property managers on staff and two in house accountants to ensure that everything is well organized.
- In addition, all funds are held in trust for the client and our books are audited annually by the Real Estate Council.
- Our aims in managing our client’s property are high, and our fees are very fair and reasonable. (8% for ongoing 24/7 management no up-charging and 1/2 a month’s rent to secure tenants.)
- We continually strive to offer the finest condominium property management service in downtown Vancouver.
- We pride ourselves on service, and we will do whatever necessary to make you look good.
- Please review our web site for reviews on our company: https://www.downtownsuites.ca/testimonials/
- In addition we are happy to send a referral fee of 25% of the lease up fee to you to show our appreciation, when you refer a new OWNER to us. We do not provide fees for tenant referrals.
Thank you once again for considering us, we appreciate your business.