Property Management and Real Estate Services

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

Managing a property is more involved than people often think. It can even be a full-time job depending on the size of your property. Good property management companies come alongside you to handle the details of Calgary property management. This includes things like showing properties, drawing up leases, handling maintenance, dealing with complaints, processing rent payments, and much more. In addition, they have an extensive network of trusted electricians, plumbers, and other professionals who can perform repairs efficiently to help keep your tenants happy.

Calgary Property Management Companies Provide Valuable Services

Property management companies stay up-to-date on the legal requirements of renting a property and keep your tax and legal records in order. This helps protect you from potential lawsuits. They also carefully screen applicants to find you the best tenants possible. Keeping your property rented as much as possible to tenants likely to take care of it is a great way to protect your investment.

Property Management Companies Protect Your Investment

Mountains of paperwork alone can suck up all your time if you’re trying to manage a rental. Property management companies free you from most of the paperwork, not to mention late-night calls, weekend move-outs, and the many other activities of property management. This frees you up to spend time doing the things that are important to you.

Calgary Property Management Frees You to Focus on More Important Things

Save yourself time, hassle, and wasted energy by hiring a property management company to manage your rental property. Get the management you deserve with professional Calgary property management.

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 enquiries contact us:

Phone: (403) 219-3000

Email: [email protected]

Website: http://138.68.242.122/

You want your rental property to perform well and generate income. Hiring a property management company can help you achieve your goals, but it also costs money. How do you know when it’s worth the price? Here are four signs that your rental needs professional Calgary property management. Continue reading “4 Signs Your Rental Needs Professional Property Management”

A good rental property can provide a steady flow of extra income, but it can also be a real pain. Managing a rental property yourself forces you to deal with evictions, bug infestations, broken toilets, and all kinds of headaches. Unfortunately, working with an inexperienced property management company doesn’t make things better, and may make the situation worse. Protect your rental property by finding an experienced Calgary property management company.

Questions to Ask Property Management Companies

As you begin to look at property management companies, make sure you are getting an experienced company who can handle the demands of your rental property. Here are some questions to ask when considering a company:

  • How many years of experience do you have managing rental properties?
  • What types of properties do you manage the most?
  • How many Calgary rentals are you currently managing?
  • How many people work for your company?
  • How do you handle after-hours emergencies?
  • What’s your process for finding good tenants?
  • How do you advertise vacancies?
  • How do you show properties?
  • How do you handle evictions?
  • How will you improve the profit margin on my Calgary rentals?
  • How do you control maintenance costs?
  • What is your fee structure?
  • Are you licensed as a property management company?
  • What kind of liability insurance do you carry?

Experienced Calgary Property Management

In addition to the above questions, you’ll want to get at least three references to talk to about the property management companies. Experienced companies are a valuable asset because they not only save you a lot of trouble but with their connections and expertise, they usually get the job done in the most efficient manner. Protect your property from inexperienced managers by working with a professional Calgary property management company.

Unison Realty is a full-service property management company dedicated to preserving your rental and the stress of being a landlord.

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: http://138.68.242.122/

Owning a rental property is a lot of work, but can be a worthwhile investment. A rental property management company saves you a lot of time and hassle, but here are ten additional features that can make you more money on your unfurnished rentals in Calgary.

Top Ten Features of Calgary Rentals

  • Neighborhood – The location of the rental influences how often you face vacancies and the type of tenants you attract.
  • Schools – Calgary rentals near decent schools are likely to have a higher property value.
  • Property taxes – These are not standard. It may be worth paying higher taxes for a rental in a nice neighborhood, but that’s not always the case.
  • Crime – Low crime rates make neighborhoods better places to live, and reduce the risk you’ll have to pay for damage due to vandalism.
  • Job market – A thriving job market increases the demand for housing, meaning more opportunity for tenants.
  • Amenities – Parks, gyms, movie theaters, and other perks tend to attract potential tenants if they are close to your Calgary rentals.
  • Future development – An area with good growth is likely to attract tenants, but too much new housing provides competition.
  • Listings and vacancies – A low number of listings and vacancies for a particular area allows you to raise rental rates.
  • Rent – The average rent of an area should be enough to cover your rental property’s mortgage payment and other expenses.
  • Natural disasters – Rental properties in areas not prone to natural disasters have less insurance to carry, which tends to make them more profitable.

Work with a Rental Property Management Company

A rental property management company promotes and maintains your rental property. This not only saves you a lot of headaches, but is an efficient and effective way to get the most out of your unfurnished rentals in Calgary.


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

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

Nearly all realtors and property management companies give the advice to the sellers to stage their property before listing it for sale. Based on some surveys conducted by popular real estate businesses, it is true that staging is an important part before listing a property for sale. In fact, it may help to raise the home’s sale price in the market. Here is a brief overview.

The Advantages of Home Staging in Your Property:

Achieve a Better Pome price:

The money spent on staging could yield a higher price by increasing your home’s resale value. What makes the staging so popular is that it gives buyers a more favorable impression about your property. In fact, buyers can feel the livability of your home, which in turn helps the property sell faster. While this is the common scenario in a property staging , this might not be applicable at all locations and to all price points.

Display Your Property in an Attractive Manner:

Because property staging can appeal to different tastes and preferences of various clients, it can influence them to buy. That is the most important advantage of staging. Home staging allows the seller to attract clients by showing what possibilities the property has.

Stand out with a Strong Market Image:

A well staged property often stands out in the market. Because buyers like to view such a property, the listing definitely attracts more buyers. In contrast, the properties that are not stages could become unnoticeable by many potential buyers.

Staging is a Great Selling Tool:

Popular luxury home specialists often agree to the fact that staging has helped them raise the property sale price easily. That doesn’t mean that they can quote the price way above the market price. However, they can always come up with a better sale price defined by comparable listing, if the home is staged. Therefore, many top realtors and real-estate agents use staging as one of the many tools to help their clients to price their home before listing it for sale.

Staging Improves the Home’s Listing:

Staging definitely remains an essential part of the marketing of a property. This is a powerful tool that represents your property in a better way, especially in a buyer’s market.

Increase your Chance of a Sale with Unison Realty’s Home Staging Services

 

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