Property Management and Real Estate Services

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

With so many homes for sale and furnished rentals available in Calgary, there will always be a place for you, and your family. However, when it comes to moving to a new area, you should always do your research. But what should you be on the lookout for? 


Will the value of the area continue to grow? 

Doing research beforehand to see if the area is going to go up in value will be helpful for your investment. Speak to your local property management company in Calgary about the area you’re interested in moving to or investing in. They will be able to provide you with insider knowledge about the area, and see if it is worth the investment. 


property management companies


The crime rate in the area 

You never want to be unsafe in your home, so checking out the crime statistics or speaking to a Calgary property management company about the area is essential. The safer the area, the safer you will be (obviously!). You should also see where the closest police station is in case you need assistance, or you’re facing an emergency. 


Is it close to the amenities you need? 

Do you want to walk 20 minutes to the nearest C-Train or bus stop to get to work? Does it take you 15 minutes to drive to your grocery store? Being close to amenities is important. It will save you time, and provide you with assurances that everything is near you and your family. It’s one of the reasons some properties, and many unfurnished and furnished rentals in Calgary cost a tad more – they’re close to the essentials! 


If you have kids, consider the schools in your area. Ensuring you have an easy commute to and from, in addition to easy access to the type of school, will be a bonus to the area you choose to live in. 


The culture around the community 

If you are looking for a quiet family life, then the suburbs are right for you. If you are looking for the go-getting experience, then living close to Downtown Calgary is for you. You have to inspect the culture around the community to see if it suits your lifestyle. There is no point in living somewhere that doesn’t make you happy. 


How close is healthcare? 

Regardless of how old you are, you need healthcare. So when inspecting the area, check out how close or far you are from your nearest doctor, medical centre and hospital. You don’t want to be in the middle of nowhere if you need medical assistance. Stay as close as possible to your healthcare centre. 


Speak To A Property Management Company In Calgary


If you need assistance when it comes to moving to a new area, reach out and speak to your property management company in Calgary. They will be able to provide you with insider information on which areas will suit your lifestyle and your budget. 


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 a rental property is an excellent idea for your future. But finding that rental property that will be a worthwhile investment is the problematic part. From crunching the numbers to working alongside property management companies in Calgary, here is how you can find an excellent rental property to invest in.  


5 Steps To Finding A Rental Property In Calgary 


See How Much You Can Afford 

Without the finances to back you up, there is no point in even bothering to look for an investment property. To find a rental property that is going to help you in the long run, you have to make sure that you have the funds to back it up. Speak to your bank or mortgage broker, and get an insight into how your finances hold up, so you can see how much you can afford for a second mortgage. 


Affording The Maintenance Over The Years 

When owning a rental property, it all comes down to you to make repairs and ensure that it is up to standard. You will have to consider the funds needed for repairs, renovations and utilities over the years, as well as see if your finances can support any changes if required. In most cases, rental owners will hire a Calgary property management company to handle all the work, as financially, it’s worth it.


Evaluate Your Desired Neighborhoods

Once you have sorted out your funds, it is time to evaluate the properties within a few neighborhoods that you like. What is the market rate for the rental properties? Are they increasing or decreasing? How is the accessibility to amenities, such as schools, hospitals, public transport and local businesses? Evaluating the neighborhoods will give an idea to know if buying a rental property in that area will be worthwhile.


Compare Properties 

To narrow down how much a rental property would earn you, you have to find comparable properties in the area and calculate the rent. Look at three properties in the area that are roughly the same size and condition of a property you’re interested in. Compare the rate in which they charge rent and how your rental property in Calgary can stand up to that. You need to see if it is worth the investment over the years.


Consider The Appreciation Of Your Property Over The Years 

There are two ways to ensure that the value of your property will increase over the years. Firstly, research the neighborhood (like you did with the evaluation) and see if the market rate of the homes in the area has increased over the years. This is market appreciation and it means that your rental property’s value will rise over time. Secondly, if you plan to do repairs or renovations, it will further enhance the value of your property. You have to assess how what repairs or renovations you are planning to do in future. These two factors will help you understand the appreciation of your property in the years to come. 


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 renting a property in Calgary, tenants might feel that dealing with a property manager and a landlord are one and the same. While there are many similarities between both in what they do, there are a few distinct differences which separate them.

Ownership & Responsibilities

Both landlords and property managers handle the same responsibilities, including taking applications from renters, credit checks, collecting rent, subcontracting repairs and handling difficult tenants. The difference lies in the ownership: the landlord owns the property and runs it themselves. The property management company in Calgary acts on behalf of the landlord, making decisions for them. They don’t own the property; they just manage it.

Decision-Making Process

A property management company becomes the point of contact between the landlord and the tenants. They are the ‘middlemen’ between the two parties. However, they do not necessarily contact or talk to the landlord about every little thing as they are usually given authority to make decisions without having to consult the landlord. Therefore, they will act professionally as they will look at it in terms of what is ‘best’ for the property and both parties.

Maintenance & Repairs

In terms of maintenance and repairs, landlords will take the work upon themselves (in a bid to save money) or will look to hire professionals out of their pocket. This might take longer, or the job might not be as good. For landlords, maintenance and repairs is always considered a hassle.

A Calgary property management company, on the other hand, will have a streamlined process of dealing with it. They often have a team of professionals working for them, or a list of experts that they trust when it comes to conducting the repairs. Problems are usually addressed quickly and without any fuss.

Will A Property Management Company Work For You?

When it comes to renting a property, it all comes down to the relationship that you have with the person or company. Landlords and property management companies work on similar wavelengths, but you might prefer one over the other depending on experience and reputation.

If you are a landlord, you can always hire a property management expert to work for you in regards to your property. They will take all the work off your hands; giving you more free time 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

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