LANDLORDS
Why choose Michael Welsh & Orca Realty?
Orca Realty specializes in delivering comprehensive Real Estate and home Management services that are precisely designed to simplify the processes of selling, purchasing, or leasing your home. With over a decade of industry experience, our seasoned agents are committed to optimizing your financial outcomes by maximizing your rewards when selling your house, increasing the return on investment for your property as an investment asset, and reducing overall stress throughout the transaction.
Setting the Standard in Property Management
Experience, Innovation, and Trusted Service That Makes a Difference
Orca Realty distinguishes itself with over a decade of experience renting thousands of homes, ensuring professional handling without surprises. Our 3D video tours and rigorous tenant screening set them apart, while innovative technologies like facial recognition and upcoming chatbots enhance customer service. Discover why Orca Realty leads in property management excellence.
Expert Guidance Every Step of the Way
From Evaluation to Management, Trust Orca Realty for Seamless Property Solutions.
Outlines the comprehensive rental process designed to maximize convenience and results for landlords. It begins with a free rental evaluation to determine optimal rental rates, followed by professional photography and 3D video tours to showcase properties effectively. Orca Realty’s extensive marketing network and advanced tenant screening ensure qualified applicants.
Once leased, Orca Realty manages every detail from inspections to repairs, offering 24/7 online access for financial statements and tax purposes.
With a commitment to proactive management and client support, Orca Realty ensures landlords can enjoy passive income while their investments are expertly cared for.
Understanding the True Cost of Self-Management
Insights from Michael Welsh, Co-owner of Orca Realty
Debunks the myth surrounding property management fees, emphasizing the hidden costs of self-management. Many landlords believe they save by handling properties themselves, but Michael Welsh explains how tax implications often negate these savings. In Canada’s high-tax environment, deducting management fees significantly reduces taxable rental income, making professional management cost-effective.
Frequently Asked Question
1. What are your fees?
Full management is 7% plus gst and 1/2 month rent to find tenants for residents and 9% for non-residents.Tenant Placement is 1/2 month rent plus gst (minimum $1500).
2. Do you deal with Non-Resident owners?
Yes, we do.
3. What is your tenant screening process?
We have a very detailed and thorough vetting screening system in place:
We check the following if possible:
-Present landlord
-Past landlord
-Employment verification
-Salary verification
-Social media verification
-ID verified through a Corporate ID software verification program
-Detailed credit history and report through Equifax which also verifies rent to income ratio
-BC Criminal Court checks
4. Do you ask potential tenants to provide tenant insurance?
Absolutely, on our owner friendly Residential Tenancy Agreement on page 3, section 11, we clearly state tenant insurance is a must for all tenants.
5. How do you determine the rental price?
We do a thorough evaluation of the rental property including but not limited to:
-the location
-square footage of the property
-the amenities
-the actual state of the property
-the exterior
-convenience to transit
-schools in proximity
-comparable rental properties
6. How do you collect rent?
We set up our tenants on an efficient and convenient direct deposit payment system.
The rent is pulled automatically and safely on the first day of each month.
We collect the provincial allowable amounts for both pet and security deposits.
7. When do I get paid as an owner?
Owners are paid on the 15th of each month.
8. Will I still pay the management fee if my property is vacant?
We always do our absolute best to rent the property as quickly as possible to high quality tenants but if there is a period the property is vacant, you will not be responsible to pay the management fee.
9. How do you market my rental property?
We have an in house professional photographer who comes by to take not only interior and exterior shots of the property, he also does a matterport on the property.
What is a matterport?
Matterport is the standard for 3D space capture. Our all-in-one platform transforms real-life spaces into immersive digital twin models. So much more than panoramic scans, Matterport empowers people to capture and connect rooms to create truly interactive 3D models of the rental space.
We advertise not only on our luxury website but a multitude of top advertising platforms. We advertise on all our social media platforms.
We work with the top relocators in the city to share our rental properties with potential high calibre tenants relocating to Vancouver.
We have an expensive cedar post rental sign for homes that attracts many extra inquiries
10. How will you deal with ongoing repairs and emergency issues of the property?
Preventative Maintenance and Repairs Orca Realty provides a 24/7 response to any emergency repairs.
After informing you about the repair issue and getting authorization to move forward, we coordinate repairs with tenants and contractors to ensure that repairs are performed in a timely and efficient manner. We want to ensure the work is performed to a high standard and that it meets all legal and safety requirements.