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 […]

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 […]

Magnum York Alberta Judge Bans AirBnB VRBO Condominiums

Alberta Courts Rule Against AirBnB & VRBO Short-Term Rentals in Condominiums

On February 27, 2020, the Alberta courts made a decision that prevents condominium owners from using their units as short-term rentals for websites like AirBnB & VRBO. Owners who use those services to get short-term “renters” are considered the same as running a hotel. Condominium’s that have bylaws that prohibit a unit’s use for commercial use are able to ensure owners cannot have short-term renters in their property in exchange for consideration. Interested in reading the judgement? Click here. This […]

RentTrack Online Payments Video Magnum York Online Payments System better credit report

RentTrack: The Ultimate Life Hack for Better Credit (Video)

    Here is a video from our online payment processor – RentTrack. Enjoy and let us know what you think!   To Sign up, go to Online Payments.     Before RentTrack, building a positive credit history used to mean taking on debt. Not anymore! You deserve better credit for all those on-time rent payments, too. Now, when you pay rent online through RentTrack, we report it to the credit bureaus — so you can get the credit you deserve […]

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, […]