We help property owners solve their Vacancy & Speculation Tax liabilities.
You have a vacant property, but it’s unrentable in its current state.
You don’t want to invest in repairs, deal with tenants or headache lease agreements. You need it occupied ASAP to avoid the empty homes tax and generate income, so you just need the problem solved.
We’re Property Sage, your empty homes solution.
We have saved homeowners tens of thousands on the Empty Homes Tax, repair costs, and management fees with guaranteed rental income.
With shifting city building permits, tenancy regulations, and a home’s diminished condition, it can be a challenge to find tenants. If you think your rental window is too short, or the house is beyond repair, we want to solve your problem.
Property Sage is your empty home solution. A tenant, a manager, and repairman, all baked into one.
Lease to Property Sage and secure rental income without having to worry about repair costs or management fees. Our team will complete all the necessary repairs to create a safe and comfortable home.
We lease properties throughout Vancouver with a team committed to providing you with a simple, stress-free rental solution.
After completing repairs we sign qualified tenants to a fixed term sub-lease coinciding with your timeline. We handle all property duties and deliver the house back to you on the exact date needed.
Rent your property directly to us.
Fixed term lease options starting at 6 months.
You won’t pay any repair costs or management fees.
Everything is built in to the secured rental income we pay you.
Guaranteed rent and full tax savings without having to do any repairs, we’ll be the best tenants you’ve ever had!
Let’s Run The Numbers
HOUSE VALUE
Let’s assume you are 9 months away from beginning your renovation or demolition.
Potential rental income: $3800/mth
Necessary upgrades and repair downtime: $15,000
Property valued at: $1,581,000
| 3% Vancouver Empty Home Tax | $47,430 |
| 0.5% BC Speculation Tax | $7,905 |
Hiring a traditional property manager |
Leasing directly to Property Sage |
|
| Tax Liability | $55,355 | $55,355 |
| Rental Income | + $30,400 | + $14,800 |
| Management Fees | – $5,548 | Incl. |
| Repairs | – $15,000 | Incl. |
| Net income | $9,852 | $14,800 |
| Tax Savings | $55,355 | $55,355 |
| Total Financial Benefit
Not including considerations & benefits outlined below |
$65,207
CONSIDERATIONS X Property Management groups avoid short leases or charge a premium with no tenant guarantee. X Contractors & trades are difficult to acquire for smaller jobs, charge steeply, and can have long wait times. X Owner must have city building permits before issuing a 4-month notice to vacate. |
$70,155
BENEFITS ✔️ Distressed houses and shorter leases accepted with secured rent and tenants. ✔️ Property is being restored and managed by certified professionals at no additional cost. ✔️ Avoid tenancy headaches with a fixed term lease benefiting your timeframe. |
FAQs
Owners Preparing for Construction – Vancouver building permits may take a year to obtain, forcing you to pay the Speculation and Vacancy tax if it’s unoccupied. As your primary tenant, we work with your schedule. If your timeline extends we can usually continue the agreement until construction begins. Enjoy the peace of mind knowing you have secured steady rental income stream while waiting for permits.
Investment Property – As your primary tenant we assume the cost and care of repairs, cosmetic updates, and furnishings, to create medium-to-long term accommodations. Our consistent presence on the property ensures it is monitored with high integrity. Enjoy hassle-free rent while saving thousands in Empty Homes Tax.
Each property is unique and will require different levels of attention. Typically, as your tenant we will assume the cost and take care of:
Restoration and Cosmetic Updates: We will provide the minor labour to get your space liveable and safe. Yes, that includes toilet repairs, leaky faucets, painting etc.
Cleaning Service: High attention to regular professional cleaning prolongs the life expectancy of appliances, furniture, and fixtures.
Routine Walkthroughs: With regular visits we build rapport with our tenants, , ensuring the home is being maintained.
Guaranteed End of Tenancy: Whether you’re on a renovation schedule or need the property back for your own personal needs, our agreement ensures the property is vacated when you need it.
No, not at all. When you lease to Property Sage we become your tenant. You’ll secure rental income without having to worry about repair costs or management fees. Everything is built into the secured rental income we pay you. Our team will complete all the necessary repairs to create a safe and comfortable home. You will collect our monthly rent on time, every time.
We are your primary tenant. After completing repairs we sign qualified tenants to a fixed term sub-lease coinciding with your timeline. The sub-lease allows us to guarantee the property will be vacant exactly when you need it.
It is important that we sub-lease to qualified subtenants in need of a long term primary residence so you can avoid paying the Speculation Tax. We typically sublease to taxpaying Canadian citizens or permanent residents of Canada.
