Property Management and Real Estate Services

Choosing a property management company that you can trust can feel like a daunting task. However, if you know what to ask – you’ll be prepared to make a confident decision in who will manage your most valuable asset. With these suggested questions, you will be able to make an informed choice and feel self-assured that your Calgary rental property is in the right hands. 

 

Three Essential Questions to Ask the Calgary Property Management Company

 

How does the property management company qualify applicants? 

When it comes to the success of your rental property in Calgary, having reliable and trustworthy tenants can be a weight off your shoulders. 

 

It’s important to ask how the property managers screen potential tenants and what processes they have in place. They should complete a detailed rental application and review the applicants’ credit, criminal, and employment history. 

 

This step will help ensure you have high-quality and long-term tenants occupying your property. 

 

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What does the property management company charge for management and leasing? 

Property management companies collect fees to ensure all of your property-related concerns are well looked after. 

 

On top of the operations of your rental, they handle difficult situations that can come with managing a property, such as eviction notices, dealing with difficult tenants, or maintenance issues. 

 

They also handle new tenant placement and financial reporting. These are all valuable services and are meant to give you peace of mind while also providing your tenants with a sense of comfort and security. 

 

However, it is important to have a solid understanding of how these services are charged and for how much. While the fees vary from company to company, ask what is charged above a flat percentage of actual income. Are there annual administrative fees? What fees are there when the property is vacant? These are important questions to consider when choosing a property management company in Calgary. 

 

Read our special blog post here if you are interested in learning more about what property management companies charge. 

How many properties are being managed in the company? 

This question helps you understand the property manager’s business size, workload, and time to allocate to your property and tenants. If the manager has many clients, they will typically have an assistant promptly answer your questions and requests. 

 

It also indicates the experience of the property management company. As a follow-up question, you can ask about the type of properties they typically manage. The answer can suggest that your property manager has expertise in a particular type of rental property and if they’re best suited for you and your property management needs. 

 

While these are just some of the best questions to ask your Calgary property management company. Ensure that you research the company beforehand so you know how they work and their success. The more research you put into the company, the more confident you’ll feel when agreeing to sign up with them.

 

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]

The exact fees charged by a Calgary property management company are contingent on the services you are hiring them for. 

 

Most will fall within the range of 10% to 15% depending on the unit’s rental value or if the property comes furnished or unfurnished. To manage your property, administrative processes must take place. 

 

With this in consideration, most property management companies will charge a yearly or monthly fee. 

 

What’s Included In Property Management Fees? 

 

When it comes to the success of your rental property in Calgary, choosing to work with a property management company can be a step in the right direction. Whether you’re managing a busy schedule, you live out of the country, or you simply need support in efficiently running your property, property managers help you save time and stress. 

 

Property management companies collect fees to ensure all of your property-related concerns are well looked after. On top of the operations of your rental, they handle difficult situations that can come with managing a property, such as eviction notices, dealing with difficult tenants, or maintenance issues. 

 

Some of these valuable services include: 

 

New Tenant Placement 

One of the core responsibilities of a property management team is managing your tenants. They’re able to conduct thorough screening processes to ensure those occupying your home are taking good care of it throughout their lease. Property management teams coordinate move-in and out’s, as well as the marketing of your property, so potential renters have the opportunity to take a look. Property managers keep everything in check when it comes to your tenants and most important assets. 

 

(How much should you charge for rent? Our guide can help you)

 

Financial Reporting

To keep you informed on how your real estate is doing, property management teams will send you monthly reports to keep you up-to-date or provide you with easy access to this information by calling their property manager. Knowing the rent has been paid and being made aware of any maintenance expenses is important. Let your property management company keep you in the loop with the financials of your rental. 

 

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Maintenance 

For some rental property owners, having to deal with maintenance requests can be a major stress point. From handling property emergencies at odd hours of the evening to ensuring your home is properly cared for throughout the change in seasons. Property managers eliminate this hassle and proactively prevent and look after maintenance issues. When tenants have concerns, they feel valued when they have quick response times from their landlords. Calgary property management companies also have relationships with verified vendors. Allow them to save you the stress of finding the right service and reap the benefits of a property management company looking after your biggest asset. 

 

Overall, these services are meant to give you peace of mind while also providing a sense of comfort and security to your tenants. Hiring a property management company means you’re taking an extra step to ensuring our most important asset is well taken off while it earns you the passive income you’re expecting. 

 

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]

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. 

 

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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

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. 

 

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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