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Alberta Legislature Bill 20, The Amendment To Real Estate Act, 2020
03 Jun

Proposed Bill 20 Legislation Changes the Real Estate Council of Alberta (RECA) and Creates 4 Industry Councils [VIDEO]

The first reading of the new Bill 20, The Real Estate Amendment Act (Glubish) June 3, 2020 — Service Alberta Minister Nate Glubish provided details of amendments to the Real Estate Act that will make a better regulator out of RECA (Real Estate Council of Alberta). Check out the video at the end of this article below. “Eight months ago I stood here to announce I would be bringing forward legislation that would being to put an end to the […]

By Commercial, Condo, News, Real Estate 0 Comments Read more
Bored board members and anxious tenants during social distancing
07 May

Bored Boards, Anxious Tenants, and Poop On The Lawn During COVID-19

“Flattening The Curve” for Property Management Compared to last November to April 30th, 2020, Magnum York has seen an astounding 44% increase in emails coming into our office and a similar increase in phone calls. As the fatigue of social distancing sets in, at Magnum York, we’ve noticed some trends in the property management business that we thought we’d share. A 44% increase in service requests is something we have been managing very carefully. Our triage means that some items […]

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Covid-Virus with coins representing cash flow management during a crisis
04 May

How do I find out the current delinquent status of unpaid rent or condo fees for my property? [VIDEO]

Even at the best of times, cash flow management is key to the success of any business and investment. During crises like COVID-19, it’s even more important to establish good cash flow practices. From Magnum York’s analysis, in the first two tough months of the pandemic crisis, we’ve experienced a less-than-expected slight increase in defaults for tenant rent and condo fee collections. Investors and condo boards that have put aside our recommended three-months operating cash savings should be able to […]

By Alberta, Calgary, Cash Flow, Cash Flow, Commercial, Condo, COVID-19, Edmonton, Fort McMurray, Magnum York, Management, Medicine Hat, News, Olds, Properties, Red Deer, Rental 0 Comments Read more
Using electronic signatures on property management contracts and forms
23 Apr

How do I sign my signature electronically on PDFs in Adobe and Microsoft Word DOCs? [VIDEO]

Working remotely brings a whole set of challenges for organizations that have gotten used to conducting business using paper agreements & contracts. Fortunately, the online world of virtual workers has created many solutions for virtual signatures. Like you, we deal with a lot of online documents for agreements, vendor contracts, bank contracts and letters and such in our business. Since all of our board meetings & interactions with clients have moved to online video & phone conferencing, we’re encouraging all […]

By Condo, Magnum York, Management, Properties, Rental, Staff, Technology, Vendors 0 Comments Read more
BFL Canada and Magnum York Insurance Seminar
29 Mar

Why are Alberta Condominium Corporation Insurance Premiums Increasing?

In early March, we invited our condo boards in Calgary to come out and hear the latest on insurance renewals. The insurance industry worldwide has been reacting to a perfect storm of too much risk and too many claims; it’s made them unprofitable in their property insurance business. Thanks to our friends at BFL Canada for their research and partnership. For every $1 collected in premiums, insurance companies paid $1.67 in claims. Based on our partner BFL Canada’s data from […]

By Alberta, Board Members, Calgary, Condo, Condo Board, Condominium, Edmonton, Fort McMurray, Insurance, Magnum York, Management, Medicine Hat, Olds, Properties, Red Deer 0 Comments Read more
Magnum York Property Management Coronavirus Pandemic Response Covid-19
29 Mar

Magnum York’s Property Management Coronavirus Pandemic Response

PLEASE REFER BACK TO THIS PAGE for updated information on Magnum York’s response to the ongoing Coronavirus Pandemic. Index: Latest Update: March 29, 2020 March 19, 2020 March 13, 2020 Important Health, Industry & Government Links Latest Update: March 29, 2020 To say that there are a lot of moving parts to the coronavirus pandemic is a vast understatement. We’re doing our best here at Magnum York to stay up to date with how the government response impacts both our […]

By Alberta, Calgary, Commercial, Condo, Edmonton, Events, Fort McMurray, Magnum York, Management, Medicine Hat, News, Olds, Properties, Proposal, Rental, Staff, Technology, Updates, Vendors, York West 1 Comment Read more
Magnum York Alberta Judge Bans AirBnB VRBO Condominiums
09 Mar

Alberta Courts Rule Against AirBnB & VRBO Short-Term Rentals in Condominiums

On February 27, 2020, the Alberta courts made a decision that prevents condominium owners from using their units as short-term rentals for websites like AirBnB & VRBO. Owners who use those services to get short-term “renters” are considered the same as running a hotel. Condominium’s that have bylaws that prohibit a unit’s use for commercial use are able to ensure owners cannot have short-term renters in their property in exchange for consideration. Interested in reading the judgement? Click here. This […]

By Alberta, Apartment, Board Members, Calgary, Condo, Condo Act, Condo Board, Condominium, Edmonton, Fort McMurray, Magnum York, Management, Medicine Hat, News, Olds, Red Deer, Rental, Updates 1 Comment Read more
Auburn Rise Phase 3 Building Construction Logel Homes Magnum York Property Management
03 Mar

How does a Condominium Builder Transition Their Properties to the Condo Owners & Board?

Property Managers are vital partners for condo building developers. A property manager’s key role is to ensure a smooth transition of ownership to condo owners from the developers as they take possession of their individual units and form their first condo board. This morphs into working together with the board on an ongoing basis to continue to maintain its brand new building and ensure proper corporate governance. Auburn Rise Phase #3 Opening in Calgary Congrats to our partner Logel Homes […]

By Alberta, Board Members, Calgary, Condo, Condo Board, Condominium, Edmonton, Fort McMurray, Magnum York, Management, Medicine Hat, Olds, Properties, Red Deer 0 Comments Read more
Magnum York Rent Manager Case Study Property Management Software Technology
27 Feb

Rent Manager Customer Story: Magnum York

At Magnum York, we view our technology as a competitive advantage. At its heart, property management is a people business. People working with people. The key to success is using technology to ensure great customer experience, to facilitate communication and collaboration, to provide transparency AND to streamline processes. We’ve invested a lot of time and brainpower into customizing Rent Manager over the last ten years, and it’s at the core of our technology stack, integrated into several other applications. Rent […]

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BFL Canada & Magnum York present condo and landlord insurance seminar in calgary
11 Feb

BFL Canada Insurance Seminar for Condo Corporations & Landlords in Calgary, March 3

Along with our partner, BFL Canada, we’re excited to present a seminar on the current market conditions affecting insurance premiums, deductibles, and coverages. “Current Insurance Market Conditions and how this is affecting Corporation and Landlords.” This is an exclusive presentation for Board Members and Landlords of Buildings professionally managed by Magnum York Property Management Ltd. When: Tuesday, March 3, 2020 For: Magnum York clients — Condo Board Directors, Investment Owners & Landlords. Time: 6:30 pm – 8:30 pm Where: Best […]

By Board Members, Calgary, Condo, Condo Board, Condominium, Events, Insurance, Magnum York 1 Comment Read more