Our policy for any property under management has been and will always be “Would you allow your family to live in the property?”. It might sound simple but we turn down a lot of properties when the owner isn’t willing to fix up the property to this basic standard. Recently we came across a formal set of standards that support our rule. The standards are from Alberta Health. http://www.health.alberta.ca/documents/Standards-Housing-Minimum.pdf Though these standards seem very basic for most of our owners, […]
We are happy to announce that Heather has passed her Associate license exam. Congratulations Heather!!
This year I attended the CMHC Fall Rental Reports presentation of the housing and rental market in Calgary and Alberta. The presentations were very good with a lot of good information. The overall feeling from the presentations is Alberta is doing good and is going to continue to do good. The analysis were showing a small growth with lower vacancies through the province. I recommend any one involved with real estate to sign up for the bi-annual rental reports, it […]
I am very excited to announce that Magnum has entered into an agreement with All In One Property Management to take over management of majority of their portfolio of residential and commercial rental properties. The agreement becomes effective August 20th, 2011. About All In One Property Management. All In One is located in Blackfalds and has been serving Red Deer, Blackfalds and Lacombe for over 20 years.
Lately we have been a lot of calls from investors who would like us to manage their houses with secondary suites. We have no problems managing properties with basement suites as long as the suites following Alberta Building code. We don’t manage any secondary suites (any suite for the record) that doesn’t meet the code. The City of Calgary has put together two great brochures about what is required. City Of Calgary Getting started with secondary suites
I came across this article from Don Campbell, the President of the Real Estate Investment Network™, and Cutting Edge Research Inc. in Business Edge paper May 6 edition. It explains the future of the Alberta Real Estate market and the theory applies to every market in the world. You can find the article on the archive section (http://www.businessedge.ca/archives/archive-pdfs.cfm) of Business Edge, May 6, 2011 and on Page 23 of the PDF. Also a similar post from Don Campbell can be found […]
CMHC released their bi-annual rental reports. Here are the links. For the Alberta report: https://www03.cmhc-schl.gc.ca/?lang=en&cat=110 For the Calgary or Edmonton report:https://www03.cmhc-schl.gc.ca/?lang=en&cat=109
MAGNUM Releases New Rental Management Program I am excited to announce the new Property Investment Management (PIM) Program. Though we quietly released the program in October 2010, we have been working out the kinks in our processes. We thank those early adopters for working with us during that time. Though Magnum has been managing rental pools for over 20 years, we have not accepted individual investors. In the past 18 months we have been overwhelmed with requests to manage properties […]
CMHC’s Rental Market Provincial Highlights for Alberta Here is the link to the newest rental report from CMHC for Alberta. http://www.cmhc-schl.gc.ca/odpub/esub/64483/64483_2010_B02.pdf
Magnum Property Management Ltd (“MAGNUM”) proudly announces that the Board of Hardwood Green has accepted our proposal for management. Hardwood Green is a 28 unit apartment style property located in Calgary, Alberta. MAGNUM services start on January 1, 2010.