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Tag: Calgary property management

Both parties have different responsibilities, so they can best look after the building and separate units. In a small nutshell, condo boards in Alberta make the final decisions, and property managers provide administrative support and expert advice. Like corporate executives at a head office, condo boards regulate the finances and operating procedures and make decisions that best shape the direction of the condo. As for the property manager, they act as partners to assist the condo board with managing their community. Those who work in property management in Calgary also work directly with Calgary condo owners to best support requests and concerns from tenants. Now, let’s focus on what makes these two managerial roles unique!

 

Top 3 Differences Between A Condo Board & Property Management in Calgary

1. Residence versus Condo Corporation

Property managers mostly concern themselves with the direct communication of owners, tenants and renters. It’s their responsibility to work with owners and keep their property leased with quality tenants. Property managers are also responsible for advertising, negotiating, screening, and organizing tenant documents and other related paperwork. Condo boards are more focused on enforcing condo bylaws, enlisting contractors for condo-related maintenance, collecting condo fees, and ensuring the building is safe and financially sound. It boils down to property managers supporting tenants and owners while the condo board focuses on the building and its operations.

 

2. Suggestions versus Final Decision Making

Now, that’s not to say Calgary property management companies don’t have anything to do with condo boards. They’re a great support to condo boards in giving them suggestions for the day-to-day functionality of the building and recommendations for policies and procedures. While the board of directors for a condo board set, approve and delegate all decisions regarding the building, property managers can lend their expertise to ensure they can take the best care of their condo corporation.

 

3. Financial Upkeep

Condo boards identify their wishes for the building and review and approve the annual condo budget. To support the condo board’s plans, the property manager prepares the budget and reviews it with the board of directors to provide recommendations. The condo board’s responsibility is to identify the building’s needs and lay them out in the budget. The property manager obtains quotes, prepares analysis, implements the board’s decisions, and monitors the performance. It’s also the main responsibility of the property manager to collect and hold payment on an owner’s behalf.

 

When broken down into different roles and responsibilities, it’s clear that both disciplines work to support each other to manage the best interest of the condo community. Condo boards look after the “big picture” side of things, like dealing with the building or property as a whole. On the other end, property managers deal with the individual unit, the owner, and the tenant.

 

At Unison Realty Group Ltd, we take care of your property and conduct thorough screenings to ensure your property has quality tenants. 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

Investing in real estate means making the right decisions. Unfortunately, a lot of first-time investors don’t make the right choices when it comes to expanding their property portfolio. 


Here are four things you must do to ensure your investment property pays off.


Don’t let your emotions play with you.

When it comes to buying homes, people tend to think with their heart, not their head. That is entirely normal, as the home you’re purchasing means you will have to manage it for your life. There is a sentimental connection to it. But you shouldn’t let your emotions get in the way of making logical decisions about investing in real estate. You have to crunch the numbers and think about it logically to ensure that you are making the most out of your real estate investment.


Consider your loan options 

There are several loan options out there to suit your needs. You have to choose one that is going to work in with your financial situation. Do you have enough money for an investment? Can you manage other changes along the way? Is your property going to be unfurnished or furnished? Different loan situations mean different benefits, so take the timeout to make sure you find one that works for you. Speak to banks, private lenders, and even property management companies, as they can help you with finding a lender that works for you. 


Choose your property management company wisely

Many people consider partnering up with a Calgary property management company when it comes to managing their real estate – and it’s a super-smart move. They will be able to manage your property, all the paperwork, renting it out, and so forth. The hard work is taken right out of your hand. The hard part is choosing the right company. 


Look for a property management company in Calgary where you feel comfortable with them, and know they are committed to you. Professionalism, experience and a reliable reputation also help. Do your research and make sure you choose the winning team. 


property management in calgary

Calculate the expenses and profits beforehand.

Crunching the numbers about your financial status and your future investment is going to help you in the long run. And when we mean crunch the numbers, we’re talking about going above and beyond to make sure that you are financially settled beforehand. Without this base, you risk having your investment crashing and you not being able to make the most out of it. 


These four tips will help you when it comes to managing your investment in the future. Take advantage of them and maximize your investment potential. 


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

There have been many horror stories out there where tenants have ruined and damaged rental properties. Sometimes you don’t know what to expect with a tenant, which is why learning how you deal with them can help avoid any trouble. Let’s take a look at these property management tips on how to deal with your trouble-making tenants.

6 Rental Property Management Tips To Handling Difficult Tenants

  • Background checks.
    It is necessary to conduct background checks on all potential tenants before having them sign tenancy agreements. This gives you an idea of what to expect from them during their tenancy in your property. Contacting their previous landlords to inquire about how they behaved, if they were peaceful, and if they maintained the property adequately is very important. Also, you should ensure that the potential tenant has a stable income so that rent doesn’t become a problem later on.
  • Check Your Rental Agreement
    Your rental agreement is not just there for your tenants, but to provide you with protection. If a situation arises, you have the agreement in hand to ensure that your tenants cannot argue with you. Make sure you get your agreement checked by a professional rental property management expert before you hand it off to your tenants. By doing so, they will check if you have missed anything important that can protect your property. You should ensure that the agreement also has details on the amount expected as security deposit, when it would be returned, and what kind of damages or repairs will require the use of the security deposit by the owner.
  • Keep A Written Record Of Everything
    The more information you have on your hand, the better off you will be when it comes to dealing with difficult tenants. It is essential that you keep a written record of everything that happens before and during the rental agreement is signed. Keep a copy of your rental agreement, track all conversations you have with your tenants and note down any issues that come up, and how they were resolved. These records form a strong case if you need evidence to force the tenants out.  

  • Always Be Calm & Rational
    You have to be calm and rational when it comes to dealing with your tenants. Losing control and getting angry is not going to help your cause at all. You might say and do something that is going to cause a bigger rift and more problems down the line. Be objective, listen to your tenants’ complaints, and be as calm as possible when it comes to dealing with them. You will be able to solve a lot of problems if you’re rational than irrational.

  • Hire A Property Management Team
    Understandably if you are being treated poorly by your tenants or if you need support, you should look towards hiring a property management team to do the work for you. They will handle all aspects of your rental property, including managing your tenants. It will be a peaceful transition for you; giving you more time to focus on other things in your life.

  • Periodic inspection
    Most property management companies have their property managers pay periodic visits       to the rental property under their care just to ensure that the rental unit is being properly maintained by the tenants. If your Calgary property management does not have such a system, you can ask your assigned property manager to pay periodic visits to the property. Visits are normally made every 2 to 3 months a year.                                                                                                                                                       

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

If you own an investment property in Calgary, you’re always looking for ways to attract tenants, cut costs, and maintain the property more efficiently. The right landscaping can help you accomplish all of these goals!

  1. Spruce Up the Landscaping

The right landscaping can attract the right tenants! Whether you’re having troubles renting the property or you’re on the hunt for more careful and conscientious tenants, landscaping can make all the difference. A property management company can also help with lawn and yard maintenance of your Calgary rental.

 

  1. Install an Irrigation System

Springing for a sprinkler system can save you money in the long run! Utility bills can get expensive in the summertime if your tenants accidentally leave the sprinkler running, or they may forget to water altogether. Because irrigation systems also save water, you may be able to access rebates to offset the costs of installation. For easy maintenance of your Calgary rental and green grass all summer, consider the benefits of a sprinkler system.

 

  1. Easy Maintenance

Whatever you decide to do with your landscaping, it should be easy to maintain above all else. If at any point you have tenants that are not interested in gardening or lawn care, your gorgeous yard will quickly go downhill. Instead, timed sprinklers, mulching, and perennial plants are all easy to maintain and great to look at.

Hiring a Property Management Company

If you don’t have the time to take care of the landscaping for your rental property, and your tenants aren’t interested in taking on the challenge, you may want to consider hiring a property management company. Rental property management offers a solution for a number of concerns including indoor and outdoor maintenance issues, rent collection, finding, and communicating with tenants. Being a landlord can be like a full-time job, but it doesn’t have to be when you have the right people on your team.

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

You may have heard those good property managers are worth their weight in gold. How did they earn this lofty reputation? There are many ways property management companies help landlords; here are a few of the benefits you can expect from property management in Calgary.

Higher Quality Tenants with Real Estate Companies

Tenant screening is one of the most important ways to protect your property. Of course, it’s possible to rid the house of a bad tenant, it’s much easier not to accept one in the first place. A real estate company can perform careful screening of potential tenants to help find ones that are a good fit. Good tenants are more likely to pay the rent on time, put less wear and tear on the house, stay longer, and cause fewer problems in general.

Fewer Legal Problems with a Property Management Company

Legal problems are costly and time-consuming, but it only takes one poor tenant to create a significant amount of legal issues. With a real estate company handling your property management in Calgary, you can add extra protection against such headaches. The management company is armed with an understanding of the latest applicable laws so that you don’t have to worry about leaving yourself vulnerable to a possible lawsuit.

Shorter Vacancy Cycles with Calgary Property Management

Your real estate company can perform critical tasks that help fill vacancies more quickly. These tasks include improving and preparing the property, determining appropriate rental rates, and effectively marketing the property. In addition, property management companies help improve tenant retention rates so, you have fewer vacancies to begin with.

Property management in Calgary offers many additional benefits such as less stress, lower costs for maintenance and repairs, greater freedom, and more. Find a management company you can depend on, and start enjoying the many benefits for yourself.

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

If you’re working away from your home job site or relocating to a new area, you may want an executive rental. This gives you a temporary place to call home where you can spread out and relax. Here are some things to look for in executive rentals Calgary.

Fully Furnished Executive Rentals Calgary

When you need a place to stay during a transitional period or for a short period of time, you want a furnished rental. Avoid the hassle of hauling things from one location to another or living off inflatable furniture for a couple of months by choosing rentals Calgary that are fully furnished to meet your needs. Reduce stress and make yourself at home in a rental that’s ready for you.

A Good Location with Rentals Calgary

Another important thing to consider when looking at rentals Calgary is the location. You’ll want to be close to the things you need so that it’s easy to get around in the new area. Locations near metropolitan areas are often ideal, but consider the things that are important to you as you make your choice.

Flexible Lease Options with Property Management

Short-term and flexible lease options are important if you don’t know how long you’ll need the executive rental. Talk to the rental property management company about options for leasing on a month-to-month basis or other short-term lease options.

Comfortable Executive Rental Interior

Of course, you’ll also want to choose a rental that feels comfortable to you. Consider the interior as you walk through with the rental property management company; remember you’ll be calling this home for a period of time, so make sure you like the way it looks and feels. When you need executive rentals Calgary, look for the things above to help you find a rental that will meet your needs.

At Unison Realty Group Ltd. we will take all the hassle away from you when it comes to property management. Let us handle what you don’t want to, and you just enjoy the benefits.

Unison Realty Group Ltd.

Calgary’s Choice for Property Management & Rentals

For any questions or enquires contact us:

Phone: (403) 219-3000

Email: [email protected]

Website: http://138.68.242.122/

Turning your home into a rental property is often attractive for a number of reasons. Maybe you want to sell your home, but don’t think you can get a good value. Perhaps you inherited a second home or want a rental property to supplement your income. Whatever the reason, you’ll need to get your home ready to rent. Here are some tips for turning your home into a furnished Calgary rental.

Look for Insurance for a Furnished Calgary Rental

Regular homeowner’s insurance is generally not enough if you plan to rent the property. Look for a homeowner’s insurance policy for renters that covers potential injury to tenants and provides reimbursement for lost rental income.

Get Rental Property Permits

A permit is required for a residential property to serve as a furnished Calgary rental. Usually a local government inspector will check the house for safety concerns before issuing the permit.

Perform Repairs and Upgrades to Calgary Rentals

Getting your home in good shape adds value and makes Calgary rentals more appealing to potential tenants. Don’t spend too much, but make sure the home is clean and freshly painted. Consider replacing things that look severely dated.

Determine the Rental Rate

Add up your costs, including setting aside money for repairs, and what you’d like for a monthly profit. Then compare your desired rental rate to other Calgary rentals in your area that are similar in size to see if your rate is competitive.

Consider Rental Property Management

If you don’t live close to your rental property or would rather not deal with the headaches of being a landlord, consider hiring a rental property management company. They take care of the paperwork, repairs, and communication, as well as collecting rent from your tenants. Rental property management gives you the benefits of renting your property without the hassles.

Unison Realty is dedicated to helping you find your next home. We offer property management and home staging services to attract the right tenants and keep your property looking it’s best!

Unison Realty Group Ltd.
Calgary’s Choice for Property Management & Rentals
For any questions or enquires contact us:
Phone: (403) 219-3000
Email: [email protected]
Website: http://138.68.242.122/

 

Finding the right Calgary property management company begins with asking the right questions. The right company offers you peace of mind while providing you with reliable service and competitive pricing. The main two types of questions focus on short term and long term issues that will help you begin your search for a company you can rely on.

Continue reading “Two Types of Questions to be Asking a Property Management Company”

If you’re thinking about selling your home, it can significantly help to have an experienced, qualified and seasoned real estate broker on your side. A real estate company can ensure that you list your property for an amount that is close to its valuation. Hiring a real estate broker can ensure that your home is sold for the right price and that you will not be undersold. Real estate agents can also provide guidance and expert advice if you have any questions during the selling process.

Continue reading “Benefits of Using a Real Estate Broker to Sell Your Home”

Hiring a competent property manager or a rental property management company can make your task of renting easier and smoother. Experienced real estate analysts and property management companies can have a fair knowledge about the market value, current real estate scenario, and the real value for your investment. Here are some top advantages of using a professional residential and rental property management company.

Continue reading “The Advantages of Using a Professional Residential & Rental Property Management Company”

REVIEWS

“Kendell was professional, supportive, realistic, optimistic and informative in his overall interactions with us. He went beyond expectation and wowed us and our friends. I would recommend him and Unison Realty anytime, any day.”
Kehinde
“Shauna helped make the rental application a breeze and makes herself available at any time if there are any issues. I have no reservations in recommending Shauna and the Unison team to anyone looking for a rental.”
Kieran H.
“Unison Realty has been top notch to deal with and happy to be renting with them now. Thank you for finding me a temporary home!”
Rochelle G.
“I’ve been so pleased with the service and help that Unison Realty has provided!”
Laura L.
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“Kendell was professional, supportive, realistic, optimistic and informative in his overall interactions with us. He went beyond expectation and wowed us and our friends. I would recommend him and Unison Realty anytime, any day.”
Kehinde
“Shauna helped make the rental application a breeze and makes herself available at any time if there are any issues. I have no reservations in recommending Shauna and the Unison team to anyone looking for a rental.”
Kieran H.
“Unison Realty has been top notch to deal with and happy to be renting with them now. Thank you for finding me a temporary home!”
Rochelle G.
“I’ve been so pleased with the service and help that Unison Realty has provided!”
Laura L.
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At Unison Realty, we believe in flexibility to your time and needs. We do our best to understand your property goals and help you achieve them. Our team strives for excellence, whether it be our service, rates, properties or tenants, Unison Realty is your best choice for a property management company in Calgary.

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REVIEWS

“Kendell was professional, supportive, realistic, optimistic and informative in his overall interactions with us. He went beyond expectation and wowed us and our friends. I would recommend him and Unison Realty anytime, any day.”
Kehinde
“Shauna helped make the rental application a breeze and makes herself available at any time if there are any issues. I have no reservations in recommending Shauna and the Unison team to anyone looking for a rental.”
Kieran H.
“Unison Realty has been top notch to deal with and happy to be renting with them now. Thank you for finding me a temporary home!”
Rochelle G.
“I’ve been so pleased with the service and help that Unison Realty has provided!”
Laura L.
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