Property Management and Real Estate Services

Do you dream of having your own investment property? 

 

With “56%, Alberta boasts Canada’s highest home ownership rate among those aged 25 to 35”. That means the idea of having a strong asset to build your future on and generating consistent monthly income while taking advantage of today’s low-interest rates is a good one, particularly if you’re new to the industry. 

 

Let’s take a look at the advantages of investing in Calgary rentals and how you can start the process of investing for your future. 

 

What are the Advantages of Owning a Calgary Rental? 

 

  • Receive regular monthly income – the rent you collect, minus your expenses, means a steady, predictable flow of cash flow. You can use the extra funds to pay off your investment property. You can even use it as an Airbnb investment if you wish. 
  • Asset appreciation – There is no guarantee that your property will increase in terms of value, but historically, real estate has appreciated over time. That means you’re making money off your asset in future. 
  • Tax deduction – Play your cards right, and you can deduct specific expenses from your gross rental income. These can include property taxes, insurance, maintenance costs, property management fees and even utility bills. 
  • Vacation spot – Imagine taking a few days off and enjoying a break somewhere? That’s what you can get when it comes to your new rental property. 

Suburban House

 

How To Buy a Calgary Rental

 

If you ready to take the plunge into the investment market for the first, here is how you can go about getting your dream property: 

 

  1. Get your finances in order – Determine what you can afford to buy, seeing if you have enough in terms of a minimal down payment (Canada’s mortgage rules dictate that you need a minimum of 20% for a small rental property) 
  2. Assemble a team of experts to assist you – You can’t do the work yourself. Bring together a real estate agent, mortgage broker, lawyer, property management company, home inspector and insurance agent. 
  3. Research what you can afford – Whether it’s a condo rental or a house in Calgary, consider what you can afford and what you can buy. 
  4. Choose your mortgage and insurance – Your rental property is a valuable asset, so it needs some financial backing to make it work. Speak to your mortgage and insurance broker to determine the best rates for your budget.
  5. Hire a property manager – If you don’t have the time to respond and manage your Calgary rental property, then leave it to a professional that can. It’s not overly expensive to bring on board a professional company. 
  6. Learn about landlord/tenant laws – Alberta has some strict landlord/tenant laws that promote fair rental practices for both sides. It’s best if you know about them so that you know what your rights and responsibilities are. 

 

Owning a rental property can be a lucrative proposition that secures your future. But it does take a lot of work, research and planning. If you plan to buy an investment property, take the time to ensure that the research backs your claim. 

 

At Unison Realty Group Ltd. we will find the perfect rental for you in a location that fits your needs. We’ll handle what you don’t want, and you’ll enjoy the benefits.

For any questions or inquiries, please contact us:

Phone: (403) 219-3000

Email: [email protected]

Website: unisonrealty.com

Just like we did when we previously discussed the differences between condos and apartments, we will compare two popular housing options: it’s condos vs townhouses. 

 

Let’s take a look at the distinct differences between these two property options. 

 

The Basics 

 

The best way to start this off is to determine the basics of each property:

  • Condos are similar to apartments in that it is an individual unit residing in a building or community of buildings. Unlike apartments, condos are usually managed by an association or condo board, with each individual owning a condo. 
  • Townhouses are attached homes that the resident owns, but unlike regular homes, one or more walls are shared with an adjacent attached townhome. 

 

While they might share some development similarities, the two’s biggest difference comes down to ownership, homeowner associations, rentability, and fees. Let’s break each of these down.

 

Ownership Rules 

 

In terms of ownership, there is not much difference between the two. 

 

Firstly, when you purchase a condo, you personally own your unit and share joint ownership of the building with the other owner-tenants. Therefore, you will contribute financially (more on that below) to the building’s overall running and your own individual unit. 

 

On the other hand, townhouse ownership means that you own the building and the land it sits on. It is similar to a traditional home; instead, you might share some of the home’s walls with other detached dwellings.  

Ultimately, it all comes down to what you want and what you can afford. 

(Read our guide on what to look for in a condo rental)

 

Homeowners’ Associations (aka, the Board) 

 

The biggest difference between condos and townhouses against single-family homes is homeowners’ associations (HOAs), better known as ‘the board’. 

 

The HOA is run and operated by other tenants of the property, who handle the day-to-day maintenance of the shared spaces either through an individual or a Calgary property management company and establish all the rules. These can include noise levels, parties, pet allowances, renting out the property, and the extent you can conduct renovations within your unit (such as if it affects others or impacts their livelihood). 

 

When purchasing either, you will have to pay monthly fees to the association to maintain the property. HOAs manage the building, its grounds, roofs and exteriors of the structures and common interior spaces in many cases. 

 

In terms of condos vs townhouses, it all depends on how the HOA operates, their fees and rules. You’ll have to compare both and see the best option for you, both in terms of lifestyle and budget. 

 

The Costs of Owning The Properties 

 

Even with monthly HOA fees, owning a townhouse or a condo is more affordable than a home. 

 

Modern Luxury Apartments

 

Yes, you have to pay for property taxes, home insurance, and home inspections (before taking control of the house), as well as the various maintenance fees that come with managing the property. Still, overall they’re great options for first-time homebuyers or anybody on a budget. They’re also great as investment opportunities, particularly as Calgary rentals

 

(What to know how to make money from rental properties? Read this!)

In terms of the cost differences between the two, condos tend to be cheaper to buy since you invest in any land. The

HOA might be higher, though, but you won’t be worried about maintaining the land itself.  

 

The Better Resale Value

 

The resale value of each of these properties will never be as high as a single-family home, but that doesn’t mean you can’t make a profit. 

 

When it comes to appreciation rates, condos have generally been slower to grow in value than townhouses, but times are changing. The boom in condo properties, and their quality, coupled with the potential to profit as a condo for rent in Calgary, means you can still make a worthwhile investment after a few years. Townhouses, though, still offer high resale value. 

 

The biggest concern is that buyers have to consider other factors out of your control, including how well run the HOA is, their fees, maintenance, what the building or land offers, and any future developments. 

 

Which is Better For You? Calgary Condos or Townhouses? 

 

When choosing between the two, it’s best to consider your budget, lifestyle, and short-term and long-term plans. 

 

There’s no real winner—both have their pros and cons, and both have a fair amount in common with each other. Speaking to HOAs, real estate agents and Calgary property management companies can help. From there, you’ll be able to make the best decision.

 

At Unison Realty Group Ltd. we will find the perfect rental for you in a location that fits your needs. We’ll handle what you don’t want, and you’ll enjoy the benefits.

For any questions or inquiries, please contact us:

Phone: (403) 219-3000

Email: [email protected]

Website: unisonrealty.com

Part of owning a Calgary rental is that you get to maximize your income. You have the potential to make more money while paying off the mortgage by analyzing how much rent you should charge per month. 

 

You can’t go over the market rate (as you’ll deter renters), and you can’t charge too low, or you’ll lose money in the short and long-term. 

 

Finding the middle ground is the perfect balance where you can make a steady rental income that helps your debt and gives you more financial stability. 

 

How do you go about finding the perfect balance? How much rent should you charge? 

 

This guide will help you make the right moves to secure your rental income. 

 

4-Step Guide To Creating Your Calgary Rental Income 

 

Crunch Your Numbers

Ensure that the rent you charge has enough to cover all the expenses you accumulate as a landlord. Setting too low a price means you won’t be able to pay off the mortgage, maintain the property or pay back other debts. 

 

As such, it’s best to calculate all the expenses that come with being a landlord, so you can determine the minimum amount you’ll need to ensure that you can securely make payments while knowing that any extra means more cashflow. 

 

Consider the following: 

  • Mortgage
  • Bills for heat, power and water (if you include them in the rent)
  • Maintenance and repair costs (for both the interior and exterior of the property)
  • Income and property taxes 
  • Homeowners association fees (if part of a condo or apartment complex)
  • Property management fees (if you’re using one) 
  • Home insurance 

With this foundation, you can determine the minimum you can charge and now move forward to the next step. 

 

Know What Your Property Can Offer 

What your property can offer in terms of lifestyle and livelihood is paramount to determining how much rent you should charge. You know your property inside and out, so you can understand what makes it an appealing option for renters. 

 

For example, does your property offer cool amenities, such as a pool or gym room that other properties don’t? Does your rental condo in Calgary have an in-unit washer and dryer? Is the location close to supermarkets, public transportation, highways and Downtown? Is the walkability decent for families or couples? 

City living

It’s these pointers that mark your property out as different compared to others, so make sure you find the “attention-grabbers” that will hook in future renters. 

 

Know Your Competition

It’s essential to take a look at what other landlords in your area are charging. Remember, they might be your neighbours, but they’re also your competition; you’re both fighting to attract renters’ attention. 

 

Therefore, understanding what other landlords are charging for similar properties is pivotal to use as a starting point. But you have to dig a little deeper. You have to find why they are demanding that amount for their property. 

 

Is it the location, the amenities, or the large backyard? See what contributes to their overall rental price, and add it to your calculations. Do you offer something more or less? If so, you’ll have to adjust your rent accordingly.

 

Carefully comb sites like Rentfaster, Rentals, and to a lesser extent, Kijiji to get an idea of the competition in the area. 

 

If finding out this information is difficult, you can also speak to industry experts with an in-depth understanding of rent prices within your area. Real estate agents or property management companies in Calgary can give you insight into your competition and guide your pricing.

 

Remember to check if there was a shift in price in the last couple of months within the area. You may have to do the same to remain relevant in the rental market game. 

 

Check Track of Rental Laws 

While you’ll love to charge any rental amount you want, you can’t do it. Some provinces have limits to monthly increases, security deposits and late fees. Rent control laws exist to ensure that there is support for both renters and landlords. 

 

It’s best to double-check with the Alberta government on the laws regarding rental properties, security deposits and income. You can click here for more information.  

 

 At Unison Realty Group Ltd. we will find the perfect rental for you in a location that fits your needs. We’ll handle what you don’t want, and you’ll enjoy the benefits.

For any questions or inquiries, please contact us:

Phone: (403) 219-3000

Email: [email protected]

Website: unisonrealty.com

When you begin looking for apartments or condos for rent in Calgary, the process may appear daunting. However, there is a bevy of features and sites that make the search fulfilling, simple, and rewarding. All it takes from you is a little time and a sense of what you are genuinely looking for in your next rental situation. 

 

Therefore, the best way to begin your search for apartments or condos for rent in Calgary is to come up with a list of desires and goals for your next living space. The planning should be done quickly and refined as the search goes on because nobody knows exactly what they are looking for at first. 

 

Planning Your Calgary Rental Conditions

 

The first step in your planning process should be the location and size of your expected domicile. If you have a family, you will need additional rooms to have sufficient space for everyone to cohabitate, and you also want to ensure that you are in a location compatible with your work and social activities.

 

For instance, planning to move downtown while working in Airdrie or the far south end of Calgary may not be advisable, especially for people with a large family.

 

Happy roommates moving home resting and talking

 

The next step you should consider is the features of the condo or apartment. If you live an active lifestyle, you may want to ensure the potential rental building has gym or pool areas available. Similarly, if you have an outdoor pet, a large, fenced yard would be suitable for them to get exercise and out of the house. 

 

Finally, you should consider the cost. Yes, this is a relevant consideration to make throughout the planning process, but the previous considerations should inform it. Of course, this will help the most after you have begun the next phase, which is:

 

Researching Condos for Rent in Calgary

 

Now you have a plan in place and know what you are looking to find in your rental. Next comes the research phase. Look through property management websites as well as traditional avenues like rentfaster.ca and Kijiji. Find places you like, and perhaps note what makes them unique. Remember how flexible you are to change when you find an additional requirement that you value. 

 

After you have several listings that fit your specifications, contact the people who own or manage the properties and schedule viewings. Don’t concern yourself with committing immediately as this can lead you to make a decision prematurely. Instead, graciously inspect the properties, and once you are satisfied you have found the perfect property, engage with the owner or manager and make an offer. Good luck and happy hunting!

 

At Unison Realty Group Ltd. we will find the perfect rental for you in a location that fits your needs. We’ll handle what you don’t want, and you’ll enjoy the benefits.

For any questions or inquiries, please contact us:

Phone: (403) 219-3000

Email: [email protected]

Website: unisonrealty.com

Trying to increase your rent and make a profit from it is harder than most people think. Simply raising it will deter tenants and make it harder for you to find someone you like – losing you more money in the process. As a landlord, you have to know how to maximize your rental profits in today’s challenging market. 


This blog post is here to help. We have five ways that you can raise the rent of your property, and maximize your profits. 


How To Make The Most Out Of Your Rent


Set A Competitive Price

Establishing a fair price for your rental property is the protection you need to make sure that you don’t lose any money from your investment, but there is a delicate balance that you need to find. Raising the price too high will discourage tenants, while putting it too low means losing money. To establish a competitive price, do your research on:

  • The listings and prices in your neighborhood
  • The conditions and amenities of similar rentals
  • The pricing strategy based on the duration of your lease 
  • The supply and demand of the Calgary real estate market 

The more research you do, the more you can adjust your rent to get the money you deserve. 


Invest In Your Rental Property 

If you invest money into your rental property, you can expect to get that money back in the rent that comes in. Over time, you’ll be making more profits from it, especially if you raise your rate. Having a newly renovated property (or even specific areas of your home), will be attractive to high-earning renters, who will be willing to pay the rent if they know the money is worth it – meaning you’ll be making more profits over the long-term. 


Get Help From A Rental Property Management Company In Calgary 

While it might seem counterproductive to spend money on Calgary property management, the benefits that you’ll gain are evident. 

property management

By conducting their research, they’ll be able to determine how much you can increase your rental price, and what you can do to increase it. They have experience in the field, and can use it to make sure you get your fair price for your rent. 


Take Advantage of All Tax Breaks

The Canadian government is very supportive of landlords and provides them with opportunities to claim back money on their investments. You can take advantage of tax breaks and offsets by writing down all the capital expenses spent on improving your property and obtaining higher rent rates. You can claim anything from insurance to advertising and rental property management fees. You’ll be able to claim any investment back through your taxes, guaranteeing more money in your pocket than out of it.  


Target Your Ideal Tenant

Don’t just settle for any tenant – choose the ideal candidate. By getting the perfect tenant, you can set a higher rent rate, expect them to pay it, and expect them to stay for the long-term – saving you money in tenant turnovers. 

Take the time to search for your ideal tenant. Find out what they want in terms of home style and facilities, their lifestyle (where your property is located will impact this) and what they plan to do with their future. If you need advice, you can always speak to your Calgary property management company


At Unison Realty Group Ltd. we will find the perfect rental for you in a location that fits your needs. We’ll handle what you don’t want, and you’ll enjoy the benefits.

For any questions or enquiries contact us:

Phone: (403) 219-3000

Email: [email protected]

Website: unisonrealty.com

Renting a furnished apartment is a great option if you’re justing starting out or you can’t afford furniture. Often, furnished rentals are the preferred option for individuals in search of a short-term option, but regardless of how long you stay, you’ll want to feel at home in your place. Follow these tips and tricks for feeling at home in your condo or apartment.

 

Start in the Bedroom

There’s nothing better than coming home from a long day at work and cuddling in your big, comfy bed. If you want your bed to feel more inviting, adding your own duvet cover, sheets, and decorative pillows can make a world of difference.

 

Move to the Living Room

There may not be a ton of options for personalizing the living room depending on how much furniture there is; however, personalized throw pillows and blankets can add colour to the space and make it feel more like your own. You can also hang your own wall art and add framed pictures of your friends and family.

 

Furnished Rental Feng Shui

You should consult with the property owner or the property management company before moving furniture around, but rotating the kitchen table or rearranging the couches in the living room just the way you like can add an extra touch of homeyness. Just remember to take pictures of everything before you start the feng shui process so you can put everything back in order when you move.

 

A Furnished Rental that Smells Like Home

We all know that smell and memory are closely related; the right scent can bring back the best memories and fill us with happiness. Sometimes, making your furnished rental feel like home could be as simple as lighting a candle or burning your favourite incense.

 

The Benefits of a Furnished Rental

When you live in a furnished rental, you’ll be able to save money on furniture, and you won’t have to buy it all at once. When it comes time to leave and find a place of your own, talk to a property management company about finding a house or apartment in Calgary that you can call your own.

 

At Unison Realty Group Ltd. we will find the perfect rental for you in a location that fits your needs. We’ll handle what you don’t want, and you’ll enjoy the benefits.

 

Unison Realty Group Ltd.

 

Calgary’s Choice for Property Management & Rentals

 

For any questions or enquiries contact us:

 

Phone: (403) 219-3000

 

Email: [email protected]

 

Website: unisonrealty.com

Thank goodness for the world of Pinterest that offers an endless supply of imaginative ideas and creative solutions for everything from lifestyle tips to interior design. When it comes to home decor ideas, Pinterest is the proverbial jackpot. However, it can sometimes be difficult to decorate when you’re renting an unfurnished apartment. Here are 5 decorating ideas that are Pinterest worthy and property management approved.

 

1. Decorate the Walls of Your Rental Property

Most condo units for rent come with generic builder’s beige on the walls – could there be anything less exciting? If you are unable to paint, look for frames, pictures, mirrors, removable wallpaper, even unusual trinkets like paper fans to hang on the walls. Bonus Tip: Keep your rental property management company happy and avoid putting excessive amounts of holes in the wall by using Command Strips.

 

2. Fix the Lighting in Your Rental Property

Most property management companies won’t allow you to replace the light fixtures in your rental property. However, you can still spruce up the lighting situation with funky floor lamps, desk lamps and portable light fixtures. You could even turn to Pinterest for some ideas on making your own unique lampshade!

 

3. Maximize the Storage in Your Rental Property

One of the biggest problems that renters often run into is storage. Rental properties sometimes don’t provide adequate storage room, and sometimes you have to get creative. Look for ottomans that double as a storage unit. Use bins and baskets on your bookshelves to store odds and ends.  You could even add stylish drawers or storage bins under your bed to store seasonal clothing, shoes, and more!

 

4. Hang Curtains in Your Rental Property

Your rental property in Calgary may come with vertical blinds or other window coverings, but you can always add your own unique style with drapes and curtains! Keep in mind that any holes larger than a picture anil must be covered upon vacating. There are also brackets that you can attach to existing fixtures to eliminate the problem.

 

5. Decorate the Floors of Your  Rental Property with Rugs and Carpets

A lot of  Rental Property properties have hardwood or laminate flooring. You can add colour and coziness to any space with a rug. Even if the suite has flat weave carpet, rugs are a great way to liven up the room.

 

Enjoy these ideas from a property management company in Calgary. Happy decorating!

CTA:  At Unison Realty Group Ltd. we will find the perfect rental for you in a location that fits your needs. We’ll handle what you don’t want, and you’ll enjoy the benefits.

Unison Realty Group Ltd.

Calgary’s Choice for Property Management & Rentals

For any questions or enquiries contact us:

Phone: (403) 219-3000

Email: [email protected]

Website: unisonrealty.com