CitySearch Journal

Property Management Blog

Understanding Basic Condominium & Home Warranty

Alberta’s New Home Buyer Protection Act, which was effective February 2014, requires that new homes have home warranty insurance coverage to ensure that homebuyers receive mandated protections which provides accountability and peace of mind. All home warranty insurance prod...
Property Management Blog

CREATE A HOME AND LIFE YOU LOVE

Clutter. No one likes it or wants it. And if you find it doesn’t bother you and it’s easy to ‘look past it’ that can mean it’s become such a mental stressor that your brain has blocked it out as a coping mechanism. Deep stuff, I know. Marie Kondo has...
Property Management Blog

Calgary’s tax shift shafts renters with property tax burden

As property tax bills hit mailboxes across Calgary last week, homeowners and landlords got an unpleasant surprise. In what the City calls a “tax shift”, residential properties saw a spike in their property tax bills as the City rebalances the business and residen...
Property Management Blog

CRRA Members Report Nearly 2 Million Dollars In Tenant Damage for 2019!

By Jordan DeBarros The Calgary Residential Rental Association would like to thank our members for recently completing a survey regarding tenant damage! We are grateful to the 165 members who took the time to complete our tenant damage survey and we truly appreciate their fee...
Property Management Blog

Property Damage Versus Wear & Tear

Screening tenants is important however not an absolute guarantee that a tenant will not damage your property; good screening manages and minimizes financial risk.  Our experience is to check the overall ‘rentability’ of a tenant prospect and that includes employm...
Property Management Blog

Condominium Insurance

Effective January 1, 2020, revised condominium governance regulations came into effect in Alberta. Condominium corporations must maintain insurance to protect common property and condominium units against loss from destruction or/and damage.The changes further clarify:The condomi...
Property Management Blog

Condominium Reserve Fund Studies – A Snapshot

A reserve fund report is a written document which outlines the findings from the reserve fund study which involves a physical inspection of the condominium’s depreciating property. Condominium corporations must establish and maintain a reserve fund to cover the costs of maj...
Property Management Blog

Cold Weather Reminder!

If you haven't had to turn your thermostat up yet, you will soon! Please note the following guidelines for your comfort, and the safety of all residents:When closed, ensure that windows and patio doors are locked to reduce draftsReduce the temperature on your thermostat ...