No vacancy no more, live at a Magnum York Property-4825

No vacancy no more, live at a Magnum York Property

There’s a certain comfort that comes with living at or owning a property that is managed properly and professionally. At Magnum York, we do all the little things that offer peace of mind to those living in the buildings we manage. It’s something that’s easy to say; something that’s easy to pay lip service to, but we back up these claims in a variety of ways. Feature Vacancy Properties We thought it would be best to discuss a few of […]

Secrets to Help You Manage Your Property-4489

Secrets to Help You Manage Your Property

Managing a property can often feel overwhelming. There are so many moving parts, and people can often be unreliable. It’s never easy, and can occasionally feel like a thankless job. As a property management company we have gone through numerous trials and tribulations and encountered every problem that can occur. Having seen it all, we thought we would let you in on a few of the secrets that make us one of Alberta’s top property management companies; one that will […]

How to Avoid a Landlords Worst Nightmare-4437

How to Avoid a Landlords Worst Nightmare

A landlords worst nightmare is also a property managers worst case scenario. We are not talking about a vacant property that loses revenue (although not ideal either). We are talking about something that not only hurts the pocketbook but the property itself. Sometimes tenants will use a home or apartment for something other than its intended use. Namely a grow op or other illegal activity. Obviously this should be avoided at all costs. It can and will cause serious damage […]

Investing in property across Alberta? Magnum has you covered-3865

Investing in property across Alberta? Magnum has you covered

When a “nothing-special” bungalow recently sold to a Chinese university student for a million dollars in the north end of Toronto, people started taking a harder look at how foreign investment in Canada’s real estate market is affecting the market in general and their personal chances of obtaining reasonable access to affordable property in specific. Apartments and condos are being snapped up left and right in our cities, often by foreign investors, and the prices are being driven up in […]

The Most Efficient Condo Boards of All Time Do This-3823

The Most Efficient Condo Boards of All Time Do This

A condominium is a community and, like all communities, some are run more smoothly and efficiently than others, and each is unique within itself. A condo is also a corporation and, like other corporations, is governed by a Board of Directors according to the corporation’s by-laws. In the case of condominiums here in Canada, governance is also required to conform to applicable provincial legislation. Proper property management can be an important factor in the ongoing health of a condo community, […]

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 […]

fixed and variable mortgage rates housing alberta

Fixed Rate Mortgages vs. Variables

Fixed Rate Mortgages vs. Variables The improving economy suggests a fixed rate mortgage, rather than a variable mortgage. Normally for home buyers, it has been suggested to use the variable mortgage, for a more cost-effective investment. The Tables have turned this year and the low-interest rates may be coming to an end. To read more, click on the link below. http://canadaam.ctvnews.ca/finance/fixed-vs-variable-rate-mortgages-what-s-right-for-you-1.2264997

For rent sign red phone tenant

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 […]

house red cool building architecture balcony edmonton

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 […]