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The Cold is Coming! Prepare your Property

The Cold is Coming! Prepare your Property With winter fast approaching there are many things to prepare in your home or rental property. Alberta winters can wreak havoc on our pipes, windows and many other areas of a home. Right now is the perfect time to start your preparations. Anything from a professional check up on your heating system to new windows can save you a ton of money and stress during the cold nights to come. You spend a […]

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Repairs vs. Improvements

  While trolling the internet for interesting topics to include in my monthly newsletter, I came across an article on repairs vs. improvements. Depending on what style of investor you are, you may be more prone to one than the other. A repair is necessary for something to continue functioning. If your property is professionally managed then this is something your Property Manager would inform you needs to be done.  In some cases, if a needed repair is not completed […]

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New Branch Manager in Edmonton Office

  I would like to announce that Ron Gauvreau has accepted the position of Branch Manager for our Edmonton office. Ron has been with York West Asset Management Group Inc. for 10 year and is well respected by his clients and his colleagues. Previously to working with York West, Ron worked at Telus in Engineering and Management for 27 years. Ron started the role on August 12, 2013. Welcome to Ron as the New Branch Manager in Edmonton Office.

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Magnum acquires York West

  As of August 1, 2013, I am pleased to announce that Magnum and Peter Best has acquired the operation of York West Asset Management Group Inc.. This amalgamation of our two companies will bring added depth and additional services to the company which will translate to greater benefits to our clients. The new entity will be named “Magnum York Property Management Ltd”. Peter Best, Magnum’s current President and Broker will continue his role. As we merge our operations over […]

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Protect Your Investments

  Keeping your insurance up to date and making sure you have the correct coverage can sometimes seem like an endless task. It is one of those things you might keep thinking about and pushing it off until the next day, but that needs to stop.  Alberta summers bring all sorts of crazy weather, from Flash Floods to Tornados and everything in between… Now is the time to check your coverage, make sure you are completely covered and your premiums […]

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Rental Discrimination

  Lately there has been a lot of talk about rental discrimination from Landlords. I thought this might be an interesting subject to touch on seeing as we have hundreds of applications come through our office every year. We can take pride in being able to say we do not discriminate when choosing a tenant. Some of you may be wondering what exactly is discrimination…? Simply put, discrimination is treating people differently for one reason or another, usually based on […]

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Rent Ready VS Sale Ready

  Recently we have been working with a lot our long term owners on preparing their properties for sale.  I keep having the same conversation over and over so I thought it might be time to blog about it. My owners are shocked to hear that their realtor is telling them that before selling they need to replace carpet, appliances and paint the whole place.  This is usually when I get an upset owner yelling at me that I didn’t […]

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Vacancies Updated Automatically

  Back in November 2011, we switched account software from Yardi Genesis to Rent Manager.  Rent Manager had many features we were very excited about but too many to implement immediately.  The features around the website especially the web portal was especially exciting.  We implemented the web portal within months of moving to Rent Manager, it was a common request from our owners and I think it is the feature we get the most comments on.  If you are one […]

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Owners stay over 10 years

  The best job for our owners they possible can and I think the owners can see that.  It really shows when I see that on average our owners stay with us for over 10 years and 17% of our owners have been with Magnum for over 25 years.  That is the same year that Calgary hosted the Winter Olympics. How many companies are you still doing business with for over 25 years?  Let alone how many businesses are still […]