Property Management and Real Estate Services

Ultimately, it depends on what you can afford when you account for income and other expenses. Calgary’s rental market can fluctuate, so finding a property that meets your requirements, plus an affordable monthly amount is how you’re going to start your search.

 

A popular rule of thumb is 30% of your income, AKA 30% of your gross earnings (everything you take home before taxes). So, if you earn $3500 per month, you should be spending around $1,050 per month on rent.

 

While this might be a solid guideline, it’s definitely not a one-size-fits-all.

 

Formulating a Rental Budget

 

Sticking to spending 30% on rent might not be feasible for everyone, especially when it depends on what city and neighbourhood you plan to live in. There are 2 major flaws with the commonly used “30% on rent” rule. First, it doesn’t consider your personal circumstances. For example, you may have student loans, or have real estate goals you hope to obtain within the next few years. You also need to factor in other expenses to cover your basic needs, such as transportation and monthly food costs.

 

Another flaw about allocating 30% of your income to rent, is that it doesn’t consider inflation, rising rental costs, and income stagnation. Although Calgary is considered one of the more affordable Canadian cities to live in, there is an expectation that cost of living is on the rise.

 

We also can’t forget about saving. It might be your priority to retire early, or save for a down payment on a house. It’s important to not compromise on your savings in order to pay more on rent. Your future self will thank you when it comes time to retiring, or finally moving into a home you can call your own.

Look For Savings

Downtown calgary rental property condos close to eau claire

As you move closer to Calgary’s city centre, the price tag for your potential rental is going to run up. Take a look in the suburbs, and it might help relieve your rental rate. On the flip side, this might impact your transportation costs commuting to and from work everyday. This might not be a worry if you work remotely, but still remember your social engagements.   

 

Keep your eye out for rentals that include utilities, like heat and water. Some rentals also offer incentives, such as first month rent-free, or cable included when signing a 1-year lease. There could also be an on-site gym in the building, saving you upwards of $100-$200 a month on a gym membership. When you’re comparing the costs of rentals, factor in those perks so you can have a better idea of what you can afford and how you can save on some costs.

An option that could help save you time is you could connect with your local Calgary rental & property management company and have them look for a property for you. Let them know your budget, required amenities and included utilities, and they can keep an eye out for your ideal rental property.

At Unison Realty Group Ltd, we take care of you 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

Calgary’s rental market can change from year to year.

 

However, well-experienced property management companies and their managers are up to date with the very latest. Wondering when the best time is to rent out your home is a common question amongst many owners. There isn’t always a straight across answer and can have various factors that you need to keep in mind.

 

Here is what can determine the timing of your listing. 

 

Three Factors That Determine The Best Time to List Your Rental Property In Calgary

 

1) Number of Listings: 

The number of listings in your area will have an impact on the best months to rent your Calgary property. According to rentfater.ca, when there are a higher number of listings, it’s typically an indication of more people looking to rent. For example, moving in the spring and summer months to avoid the cold weather, settle in before the school year starts, and also avoid holiday seasons. As a result, owners will typically rent their homes within these cycles of transition. If you are working with a property management company, they’ll have the latest information on the current rental market, and guide you through the most favourable options. 

 

calgary-property-company

 

2) Average Price:
Check out the other rental properties in your area to get an idea of the rent you can charge. With a local Calgary property management company, they’ll take the time to determine if there have been any rent increases, decreases, or incentives to determine the best fair market rent for your condo or home. Wondering how much rent you should charge for your home? Read our guide here!

 

3) Peak Rental Season 

Once spring comes around, renters start looking for a fresh start and change of scenery. With this in mind, consider having your Calgary rental property ad up well in time for when people start making decisions. Typically, you should start the search for your new tenant 60 days prior to their lease ending, unless they have plans to renew. This gives you plenty of time to plan ahead and be proactive.

 

(Are you a renter looking for a new start in life? At Unison, we can help you. Read our guide here)

 

Managing your property and understand when is the best time to list your rental can be overwhelming and stressful. However, hiring a property management company gives you access to insider information, and up-to-date data on the best time to rent your property. 

 

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]

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

Rental properties are a wise investment that can pay off in the long-term. But the key question for a lot of people before investing is, “how do I make money from a rental property?”. 

 

This guide gives you a few pointers on how you can make money with your Calgary rentals

 

The Best Ways to Make Money With Your Calgary Rental 

 

Finding Properties in the Right Areas

There are a lot of condos and homes for rent in Calgary. But finding one that is going to be worth the investment relies on a few factors. Most importantly, the location. 

 

You want a property that will be close to amenities, transportation and key locations, such as schools and hospitals. Add all these together, and you narrow down a selection of ideal properties as a rental investment. 

 

And it’s through these areas and properties that you can make money through rental income and the curbside value. The better the location and property, the more you can charge for rent. 

 

If you can’t find something within your budget, you can always speak to a real estate agent or a Calgary property management company. They can aid you with your search for a property within your budget and desired area. 

 

Future Development Around The Area

Having a good idea of what is going to be built around your property is crucial. You can check out the City of Calgary Municipal Development Plan to determine what construction is occurring around your home. 

 

How does this help?

 

If there is a lot of construction and developments going on, it is probably a good growth area. This means that you can have access to more amenities, services or highway accesses, which will enhance the value of your rental property (making it more profitable when selling later on) and can encourage you to increase your rental rates. 

 

Being near growth areas means the suburb is a hot ticket item. You got the opportunity to make the most of it with your rental property. 

 

calgary-rentals

 

Compare Rates To Your Area 

You might not realize that you’re not charging enough rent for your property until you do the research. By researching the surrounding area to see what others are charging for rental rates can give you an insight into if your rates are unvalued. 

 

You might be offering way less for a quality home compared to another down the road that is more expensive and doesn’t provide the luxury your home does. 

 

Only by conducting research into other rental rates and comparing properties, can you charge the right rates for your Calgary rental.

 

Investing in Improvements 

There is no question that the more you invest in your Calgary rental, the more you can charge renters and sell it for more in the future. Investing in improvements, such as renovations, can go a long way to enhancing the value and curb appeal of your property. Crucially, it also allows you to charge for more rent as you provide a better, more luxurious home. 

 

But which renovations are best for your property? 

 

If you own a condo, you will have to follow the condo board’s rules and regulations for any interior renovations. Speak to them before managing it yourself. 

 

For homes, you can do as you wish. HGTV suggests that the following renovations can be well worth your investment: 

 

  • Minor Bathroom Remodel – Average return at resale: 102 percent
  • Minor Kitchen Remodel – Average return at resale: 98.5 percent
  • Major Bathroom Remodel – Average return at resale: 93.2 percent
  • Exterior Improvements (Vinyl Siding, Paint, Updated Front Entry) – Average return at resale: 95.5 percent

 

Whatever you decide for your rental property, remember that renovations can make a significant impact and help you make money both through rental income and selling your home later on. 

 

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

If you have money that you would like to invest in real estate, there is no better way than to maximize it. Using your money wisely, and planning for the future, can ensure that you make the most of the property while securing your investment (and future) in the process. 

 

We look at the pros and cons of four of the best real estate investing options available. 

 

Principal Residence Property 

Perhaps the most important method for real estate investing in Calgary is for your principal residence property. This is the house that you will live in and make your primary residence.  It is more than just a residency; you are making a long-term investment.

 

When owning a principal residence property, you pay off the mortgage to the property while growing your wealth. You will need the initial capital (known as the down payment) to secure the property. 

 

Once the property is yours, you can use it for rent (option three below) or improve it before selling it for a higher price in the future. That extra income will allow you to reinvest it in other properties or ventures. 

 

The only downside is that you will have to maintain it, and of course, pay off the mortgage, which can be challenging and decisively long-term. 

 

Residential Rental Property 

Perhaps the most common and significant way in which you can invest your money. With so many houses and condos for rent in Calgary, there is ample opportunity to buy an investment property. 

 

Owning a Calgary rental opens up the opportunity to earn an income through the rent collected, and pay off the mortgage on the rental property. It is the smartest way to go about making money while securing your investment for the future. 

 

However, owning a rental property is not easy work. As an active investor, you will have to manage the people of the property and maintain it. You will also have to invest in repairs and improvements, thereby requiring a very hands-on approach. 

 

Therefore you have two options: you can manage it yourself, or hire a property management company in Calgary to do it for you. While there will be a fee for their services, having a property manager look after your apartment ensures that all maintenance, repairs, and most significantly, the management of the renters are handled. 

 

calgary-rentals

 

Investing in Commercial Rentals 

Commercial properties can include anything from office centres to shopping malls. If it has the space to be used as a commercial property, it can be rented out to businesses. The owners of the property (you) can earn significant income through the rent from their tenants (the businesses). 

 

However, commercial investments do not have the same level of ring to it compared to residential properties. The main drawback is the expense that comes with acquiring, managing and maintaining the commercial property. 

 

As you will be looking after businesses and their employees, you have to ensure that the property is up to standards in appearance and safety. It is very much an active investment, requiring you to be very hands-on with managing the property and dealing with tenants. 

 

Between the expensive upfront capital and the complexities of managing it, many investors tend to opt for residential properties instead. 

 

Airbnb Your Property

Perhaps the most modern manner in which you can maximize your investment. Whether through your own property or a rental, you can rent out the space to earn you some extra cash. 

 

You have the opportunity to rent our guest suites, spare rooms and whole houses for a rate that you deem justifiable. You will have to consider factors like amenities, distance to attractions, transportation and the space itself to set a rental value. 

 

Much like Calgary rentals, you choose who you want to rent your space, after reviewing their ratings on the platform. You can rent it out to them for a night, weekend, or month. 

 

However, the main downside is that tenants are not always reliable when looking after the property. These short-term tenants do not typically take good care of the property as much as long-term tenants usually do. You also have to be entirely aware of any regulations and laws when it comes to Airbnbing your property. 

 

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

Are you looking to buy or rent a condo in Calgary? What about an apartment? Wondering what the difference is between the two? 

 

While there are few similarities between an apartment and a condo (how they look both externally and internally), a few key differences separate them. 

 

Understanding differences can help your decision-making process when buying a property or finding a rental in Calgary. 

 

The Differences Between Calgary Condos & Apartments 

 

The Ownership

The critical difference between the two is the ownership of the property. Condos are usually managed by an association or condo board, with each individual owning a condo. Apartments, on the other hand, are not usually sold separately. The building itself is usually owned by one individual, a company or a group of investors. The apartment units are leased to the tenants. 

 

The differences between the ownership structures have an impact on everything that follows. 

 

Rules of Living Within the Community 

In most cases, the apartment owner sets the rules for their building, including factors such as the rent amount, maintaining noise levels at specific times, disposing of garbage and waste properly and making minimal changes to the unit itself. 

 

Rules can be trickier with a condo. The association or condo board sets rules for common areas (pools, entertainment rooms and gyms) but allows more flexibility within the unit itself. Condo owners may have the option to conduct renovations and repairs within their own unit, as long as it complies with the board’s rules. 

 

condo-for-rent-calgary

 

Costs of Living 

There is a fine between the costs of living in a condo or apartment. Both have set rent prices that have to be paid at a specific time. It’s the cost of utilities and the condo fees that impact the living standards. 

 

Utilities (water, gas or electricity) can be included with both apartments and condos for rent, depending on the building owner. If you’re renting a condo, your payments might consist of utility bills already. In other cases, you’ll have to pay out of pocket. It’s one of the things that you should consider when renting out an apartment in Calgary

 

Condo fees cover specific maintenance costs on the property. That includes standard amenities, such as repairs for elevators, maintenance for pools, gyms, community rooms, and landscaping. The more amenities you have on offer in your building, the more you’ll pay in fees. 

 

In many situations, Calgary property management companies manage the maintenance and repairs of these properties. In some cases, you will be dealing directly with them when it comes to maintaining your unit. 

 

Which is Better For You? Calgary Condos or Apartments? 

 

While there are distinct differences between the two, there are a few overlapping similarities that can confuse you when deciding which one to live in. 

 

Both have positives and negatives, which is why it’s essential to know your preferences. Ultimately, the decision is about what you’re seeking in both the short-term vs. long-term and your desired standard of living. Speaking to condo boards and Calgary property management companies can help guide your 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

Buying a rental property in Calgary can be a worthwhile investment. However, for first-time investors, it can be overwhelming. The real estate investment market is riddled with various scenarios that can impact the whole venture. 

 

But having a reliable approach in which you can buy a house to rent can be valuable. This guide can help you invest in a property that pays off in the long-term. 

 

The Advantages of Buying a Calgary Rental Property

 

There are significant benefits that come with owning a house for rent in Calgary, including:

 

  • Regular monthly income – Your rent, minus the expenses, means consistent and steady cash flow. 
  • Appreciation – While there are no predictions regarding how much your home’s value will rise over time, it will appreciate over time regardless.
  • Tax deduction – Considering that your rental property is an asset, you can claim deductions from your gross rental income come tax time. These can include mortgage interest, property taxes, insurance, maintenance costs, Calgary property management fees and utility bills. 

Although there are some disadvantages, the positives outweigh the negatives. 

 

calgary-rentals

Essential Tips For Buying a Calgary Rental 

 

If you’re ready to take the plunge into the investment property market, consider these tips first.

 

1 – Get your finances in order. Depending on your lender, Canada’s mortgage rules dictate that you must have at least 5% of the down payment on a property. Remember to consider other factors such as maintenance, costs and insurance. Crunch the numbers, and speak to your bank to see what you can afford.  

 

2 – Research ideal locations & their rental income. With a firm base of what you can afford, narrow down your search zone to see where you can buy it. Then, consider the average rental income for those locations. You can then calculate if it is worth investing in the area. You can also speak to a property manager in Calgary about location information. Make sure you consider:

 

  • Future developments planned for the area and how they might impact your property. 
  • Amenities, such as schools, hospitals and malls, around the area and how they might impact renters.
  • Safety, as no one wants to live in an unsafe neighbourhood. Inquire about crime rates. 

 

3 – Educate yourself on landlord-tenant laws. It’s best to know what laws you have when you start to rent out your property. Having a thorough understanding of what you and your tenants can and can’t do will be beneficial if issues arise in the future. 

 

4 – Think about the long-term. Remember that this property is about the long-term. It’s about making sure you have some income that will secure your future. Consider the options available to you, and if it is worth the investment. 

 

Plan Out Your Calgary Rental 

Once you have your property mortgaged, it is time to consider how you plan to rent it. There are two options: 

 

1- You DIY. You’re the landlord, and you run the property, taking care of everything, from collecting rent to property maintenance. 

 

2- You hire a Calgary property management company. The agent in charge of your property will handle everything for you for a monthly fee (which, as stated above, can be claimed on tax). 

 

Remember that there are many condos and houses for rent in Calgary as it’s a renters’ market. You will face stiff competition in terms of getting your home rented, so if you struggle with the extra work, consider hiring a professional to handle everything for you.

 

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

As Life in Calgary Magazine stated, “Calgary is ranked among the world’s cleanest, healthiest and safest cities in numerous international studies, and is a global leader for overall quality of life.”

 

Therefore, you can see why plenty of people move to live in Calgary. You could also understand why with such demands and an extensive array of options, it can be challenging to find homes to rent in Calgary – particularly if you are looking for cost-effective, affordable alternatives. 

 

However, with the right process, you will be able to narrow down your search. Utilizing our extensive guide below can find you affordable houses to rent in Calgary.  

 

Figuring Out the Parameters of Your Calgary Rentals Search 

 

  • Draw up a budget and calculate how much you have to pay in rent. Depending on how many bedrooms you want in a house, as well as amenities, your rent will vary. According to Rentals.ca, in July 2020, the average rental cost of a 1-bedroom property in Calgary was $1092, a two-bedroom property was $1335, and a three-bedroom property was $1420. With this foundation, you have a general idea of what you are expected to pay for rent. 
  • You should also follow along with the 30% rule, where you “shouldn’t spend more than 30% of our gross (pre-tax) income on rent“. This will safeguard against you struggling to afford your living expenses. 
  • Keep your house rentals near your work, children’s school, or at least close to public transport. You want your rental house to be located somewhere that will be convenient, saving you time in transport and money. It should be noted that you shouldn’t necessarily rent a property that is ideally located but above the 30% rule. 
  • Also, note down the amenities that you would like in your house. Do you want a yard or to be close to malls and local stores? Making a list can help narrow down your search. 
  • If you are struggling, contacting a property management company in Calgary can be beneficial as they will assist you with your search. 

property-management-calgary

Methods for Finding Rentals in Calgary 

 

With a firm foundation of what you would like to have in a rental home and what you can afford, you can begin to apply these methods. 

  • Begin your search online to get a sense of property values in your ideal areas. As there are a lot of different rental search engines available, alongside property management search options, you can narrow your search based on your parameters. 
  • Speak to friends, family and colleagues about available options that they might know about. You will be surprised to find that lots of people know of somewhere that’s available. 
  • Go old school by looking up print media options. Newspapers, for example, often have listings. However, they will not have as many listings compared to websites. 
  • Don’t rely solely on the Internet to find your rental property. While online sites are useful in terms of getting information and guiding you, they are not entirely reliable. Contacting a real estate agent or a Calgary property management company can help locate the best properties for you while providing more insight and information. 

Deciding on The Right Calgary Rental for You

 

  • Consider the length and details of the rental contract. Make sure the agreement is what you want and something that you can afford. If there are any questions, make sure you ask the landlord, property manager or real estate agent. 
  • Also, consider the reputation and name of the landlord or property manager. You want to make sure you know you’re in good hands and not with controlling owners.  
  • Does it have a few of the amenities you would like? While it might be challenging to get everything you want, having a few homely perks can really make your choice simpler. 
  • As much as you would like to find a house to rent in Calgary, you can always opt for apartments or condos. They might be significantly cheaper and can save you money in the long-term. 

If you would like more information on what to look for in rentals in Calgary, please check out our extensive list.

 

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

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When looking for a Calgary rental property, it is important to select the best option for your current situation. No two homes are created equal, and choosing the wrong property can have lasting effects, especially if you are engaged in a multi-year lease.

 

Therefore, consider these options when hunting for Calgary rentals:

 

7 Ways to Determine the Best Calgary Rental Property

 

 

     1.  Location

 

Location is easily the most relevant option for most seeking Calgary rentals. If you are too far from work the commute can become expensive and taxing. 

 

 

     2.  Rental Payments

 

Another important consideration is the cost of the rent. Even if the monthly rent is within your budget, it can become exuberant when factoring in utilities like heat, water, and electricity. A good rule of thumb is that your lodging cost should not exceed 30% of your annual salary. 

 

 

     3.  Parking Availability

 

 

If you own a vehicle, it can be difficult to find properties in the inner city that have a parking spot. This can be detrimental, and it may result in renting a spot for your vehicle.

 

Rentals Calgary

 

     4.  Condo Fees

 

This item is, of course, specific to condominiums. Some condo boards will raise the prices for living as time goes on, and can make the rental property a frustrating back and forth experience. 

 

 

     5.  Pet Allowances

 

If you have a furry friend it is important to make sure they are welcome in your new home. Many landlords have issues with pets being in the home, so make sure you declare them before entering into a rental agreement.

 

 

     6.  Water Receptacles

 

Having the right number of water receptacles at a property can be essential, especially if you are living with roommates. Nobody wants to wait for a shower or hot water, so make sure you have a comfortable number of water receptacles. 

 

 

     7.  Square Footage

 

Any space can be comfortable and cozy with the right mindset, but if you are moving into a smaller home than your current living situation, make sure all of your belongings will fit prior to the move.  

 

 

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

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

When it comes time to sign the lease on a new Calgary rental property, you might be excited about the prospect of moving into a new home. However, regardless of how you’re feeling, it’s important to look over the lease agreement and ask the property management company any questions you might have. Here are 4 things you should consider before signing the lease.

What to Consider When Signing the Lease with a Calgary Property Management Company

  1. What is the Termination Policy?

Most lease agreements for unfurnished rental properties are for a fixed term and include a cancellation policy in the event the contract is broken. You never know what life will bring your way and it’s better to be prepared for the consequences if you need to leave your rental early for any reason.

 

  1. Are There Pet Fees?

If you have a pet, you should know about the property management company’s policy on pets before signing the lease. If you don’t already have a furry friend, but you’re thinking about getting one, be sure to read that section carefully. Some unfurnished rental properties do not allow pets at all.

 

  1. What Are the Late Fees?

Again, no one ever anticipates paying their rent late, but life happens! Calgary property management companies often charge a fee if rent is late or if a post-dated check returns NSF. Make sure you know what the policy is should you ever be in such a situation.

 

  1. Who Take Care of Maintenance?

The issue of maintenance is another thing you should look at closely. You’ll need to know who is in charge of lawn maintenance and snow removal, as well as all indoor requests. In most cases, the property management company will have a maintenance team assigned to look after problems with the appliances, but you might be in charge of all outdoor yard work.

Ask the Property Management Company

If you have any questions or concerns about the items listed on the lease agreement, feel free to reach out and ask the property management company. It’s better to know and understand all of the policies so that you don’t accidentally transgress any of them. Remember; your property management company is here to help.

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

When it comes to the best neighbourhoods in Calgary, some of the best places to rent with a rental property management company this year include three key areas that have become bustling centers of the city. We weigh these choices based on accessibility to parks, public transportation and pathways. While buying a house in one of these trendy inner-city neighbourhoods may be out of the question for some people, Calgary rentals are a more affordable and feasible option, especially for young people.

Calgary Rentals in the Beltline

One of the best places to rent through a Calgary rental management company, the Calgary Beltline has the vibrant inner-city vibe and everything seems to move with life. When you live in the Beltline, you don’t have to worry about not having a car because there are many restaurants within walking distance and plenty of culture and entertainment. Speak with a property management company to form a better picture of what life will be like there.

Calgary Rentals in the Downtown Commercial Core

If you want to live in the beating heart of the action, the Downtown Commercial Core area never disappoints. Here, in one of the densest downtown areas, there are plenty of great attractions, including:

  • Arts Common
  • Glenbow Museum
  • Calgary Tower
  • Devonian Gardens
  • Cultural District

Calgary Rentals in Hillhurst

Speak with your Calgary property management company about showing you some unfurnished rentals in Hillhurst. This area has a cozy vibe with small but well-kept homes. Also, Riley Park has around 20 acres that even hosts the Calgary Cricket League.

Calgary Property Management

These are some of the best neighbourhoods to find Calgary rentals this fall season. Most of these areas offer unfurnished rentals, an option that will lower your monthly rental costs. Experience what living in Calgary’s bustling inner-city is like when you choose one of these popular neighbourhoods.

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/

Renting a home is an exciting, and sometimes challenging, task. Get ready to find the perfect rentals Calgary with these six tips.

Determine What You Can Pay for Rentals Calgary

Before you start looking at homes, create a budget and determine how much you can afford to pay for rent. A rule of thumb for renters is that no more than 30 percent of your revenue should be spent on housing costs.

Start Looking at Furnished Rentals Calgary Early

Rentals Calgary often go quickly, so give yourself time to get one that’s right for you. Inventory is often highest at the end of the month, so that’s a good time to look for furnished rentals Calgary.

Prioritize Rental Wants and Needs

A spa bath is appealing, but focus on the things you really want and need from a rental home. This includes things like the size of the home, its location, and the pet policy.

Be Prepared

Renting is often a speedy process. Don’t miss out on ideal unfurnished rentals Calgary because you don’t have all your paperwork in order. Make sure your references, credit check, and other information is ready to go.

Get Your Credit in Check

A good credit rating is important for renting just like it is for buying a house. A higher credit score gives you a better chance to rent your dream home and gives you more negotiating power. So know your score and work hard to keep it as high as possible.

Get Insight about Unfurnished Rentals Calgary

Chat with the current tenants and potential neighbours about the landlord and neighbourhood to get a feel for whether or not the unfurnished rentals Calgary are a good fit for you.

Follow these six tips as you look for furnished rentals Calgary to help you discover your perfect rental home.

At Unison Realty Group we are dedicated to helping you find the perfect rental in Calgary. Contact us today to find the perfect living fit for you!

 

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/