green house monopoly property risk

Could You be at Risk?

  According to insurance experts, there are 6 main misconceptions regarding home owners and their insurance policies.   30-Day Vacancy Rule: The refusal of coverage from your insurance company if your property remains vacant for over 30 days. Jewelry Coverage: Theft or loss of jewelry is only covered to a sub-limit that is set by your insurance company. Rare Items: Appraisals and insurance extensions are recommended in case of theft or loss of rare items. Sewer Back-Up & Earthquakes: These occurrences […]

Handing keys from one hand to the next. Magum York Condo

Housing Market Declines in Calgary

  With a 30% decline in sales from 2014 to 2015, the Calgary real estate market has definitely seen better days. In a currently flooded market, available listings continue to rise, while the number of buyers steadily declines. Buyers and investors alike are becoming much more guarded with their funds, due to the fall of oil prices and drastic changes in Calgary’s economic situation. Even the cost of real estate is being affected, as Calgary has already seen a 1.2% […]

Magnum York Expands into Olds, Alberta-3836

Magnum York Expands into Olds, Alberta

After being in property management for over 15 years in the Olds, Didsbury and Sundre areas, the partners of Royal LePage Wildrose have decided to leave the property management business to focus on real estate sales.  They have decided to sell their property management operations to Magnum York Property Management Ltd.   With Magnum York taking over the operations, it will bring added depth and additional services which will translate to greater benefits to you, our clients.  This change will take […]

Resident Retention and Your Bottom Line-4086

Resident Retention and Your Bottom Line

There’s something we must admit: renting a condo unit is much different than actually Retaining the residents. It can be one of the most challenging aspects of rental property management. Why should you struggle to attract and retain high-quality tenants for a long time? Leaving aside all the time and effort you must spend to fill vacancies, securing a longer lease is more cost effective than finding new tenants every few months. Since finding and keeping good renters for an […]