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For Owners

Your money, handled cleanly — and paid by the 10th.

The rent runs through us, but it stays yours the whole way. Here is exactly how we hold it, move it, and account for every dollar — with a published payout date and real monthly statements, not a vague promise of "sometime this month."

How the money works

One clean path, from your tenant to your account.

There are only three steps, and none of them leaves you wondering. Rent lands in a dedicated account, we reconcile it and take our fee, and your net is on its way to you by the 10th.

Step 1

Tenant pays in

Rent is paid by pre-authorized debit or e-Transfer into a dedicated North Properties account that is kept separate from our own operating funds.

Step 2

We reconcile & deduct

We confirm the payment, follow up instantly on anything late, and deduct our management fee and any repairs you have already approved.

Step 3

You are paid, by the 10th

Your net proceeds are deposited to your account by the 10th of the month, together with a clear income and expense statement.

Kept separate

Your money is kept separate and safe.

The rent passes through us on its way to you — it never becomes our money. We hold it in a dedicated account, keep it apart from the money that runs our business, and move it to you on a schedule you can count on.

No trust-account theatre and no middleman skimming in between. Just careful, transparent handling of funds that are, and stay, yours.

  • Funds are held in a dedicated account and never commingled with our operating money.
  • You keep title to the funds — we simply move them cleanly on your behalf.
  • Ontario does not require a formal trust account or RECO registration for ongoing rental management, so there is no middleman between you and your rent.
  • A published payout date — the 10th — instead of a vague "sometime each month."
  • We never charge your tenants any fee beyond their lawful rent.

Real reporting

Real financial reporting, not a shoebox of receipts.

Every month, with your deposit, you receive a plain income and expense statement: what came in, what was deducted, and the net that landed in your account. Nothing to reconstruct at year-end, nothing to guess at.

Here is what lands in your inbox, month after month:

  • A monthly income and expense statement, sent with your deposit.
  • Every repair itemized, with the receipt attached.
  • Per-property records, kept separately for each unit you own.
  • Running year-to-date totals, so you always know where you stand.

Illustrative monthly statement

  • Rent received — $2,150.00
  • Management fee (6.5%) — −$139.75
  • Approved repairs — −$0.00
  • Net deposited to you — $2,010.25

Illustrative figures only — your statement reflects your property's actual rent and costs for the month.

Year-end

Year-end made easy.

When tax time comes, you are not digging through a year of e-Transfers and paper receipts. We hand you a clean year-end summary of everything that came in and went out, organized to line up directly with the T776 (Statement of Real Estate Rentals) — the form Canadian landlords use to report rental income and expenses.

It is a small thing that quietly matters. Many managers only prepare tax paperwork for non-resident owners, who legally require it. We produce a year-end summary for resident owners too, so every client walks into tax season with the numbers already done.

Your year-end package

  • A year-end summary of income and expenses for each property.
  • Organized to map onto the T776 (Statement of Real Estate Rentals).
  • Ready to hand to your accountant — or to file yourself.
  • Produced for resident owners, not just non-resident owners.

Ready for a straight quote?

Tell us about your property and we'll come back within one business day with real numbers — no pressure, no obligation.

Request a free quote Call (613) 890-5085