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

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 […]

Using electronic signatures on property management contracts and forms

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 […]

BFL Canada and Magnum York Insurance Seminar

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 […]

Magnum York Property Management Coronavirus Pandemic Response Covid-19

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 […]

Auburn Rise Phase 3 Building Construction Logel Homes Magnum York Property Management

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 […]

total exteriors drone magnum york vendor program

Magnum York Vendor Feature: Total Exteriors Drone (Video)

  We work with some of the best vendors the province of Alberta has to offer.  To be the best you need to provide excellent quality work and service, but you also need to think outside the box on how to provide that service.  Our partner Total Exteriors is one of those vendors. Here is a video how they are using drone technology to complete roof inspections and measure your roof for your quote.     Total Exteriors uses IMGING Drones […]

estates yard care lawn care magnum york prepare preparing your property for winter season

Preparing your Property for the Upcoming Winter Season

  How Should You Prepare your Property for Winter? Preparing your property for the upcoming season will pay you dividends over time. As you approach the winter season do what you can to put your property away so that when things open up again in the spring there aren’t any surprises. Here are some things to think about and many of them you can start doing right now!   Preparing your property: Irrigation, shrubs, and hedges Be sure to have your […]

Compostable Organics: What your Condo Board Needs to Know-5022

Compostable Organics: What your Condo Board Needs to Know

In the fall of 2016, the City of Calgary announced the implementation of an expanded recycling bylaw which will affect all multi-family residences in the city. This bylaw will require properties to have both recycling programs, as well as green bins for compostable organics collection systems as part of the waste collection infrastructure. With the rollout of this new mandate, there is going to be a significant increase in landfill tipping fees associated with garbage removal, making it even more […]

6 Superb Ways to Make Sure Your Condo Property is Safe-4886

6 Superb Ways to Make Sure Your Condo Property is Safe

While it may not need to be expressly stated that condo safety is important, it is something that many people take for granted. It’s easy not to think about what could be going wrong with systems and pieces of equipment that aren’t in plain sight. “Out of sight out of mind” is an apt description for many owners, but not taking an active role in safety can lead to disastrous results. It’s easy to blindly roll along without giving a […]

What No One Tells You About Condo Insurance-4843

What No One Tells You About Condo Insurance

Insurance is one of those things that most people take for granted. As long as we know it’s there then it is bound to save whatever it is that we are paying for. This, in part, is true, but it’s not the whole story. Having comprehensive insurance is an extremely important aspect of owning a condo, renting a condo, or owning multiple condos or even a building. Knowing what that insurance includes, and perhaps more importantly, what it doesn’t will […]