Residential property mgmt companies in Calgary?

[krazykhoja]

Looking to see if anyone has had experience with any property management companies in Calgary and has some advice/recommendations.

Looking to sell a townhouse, but due to the current market conditions I am not getting the price that I am wanting (a lot lower). While the market takes it's time to pick up I thought I would look at a property management company that can help rent the place out.

Does the management company find the renters and take liability if the renters cause damage?

Do they take a flat fee or a percentage of the rent? (Is it ok if the place is only partially furnished, ie no bedroom furniture, or should I have that).

How is the rent they get, is it fairly competitive?

Any other advice/tips/tricks for dealing with them?

Thanks for the help!

[max_boost]

They usually charge up to 50% of monthly rent for a lease signing.
- $1500 rent, they will take up to $750 for locking down a tenant.

After that they charge up to 10% of monthly rent for collecting your rent and handling the associated duties
- $1500 rent, they will deduct up to $150

Rent generally deposited around the 10th of the month.

There are no guarantees ever. We are talking about dealing with people. Most are great but it only takes a couple bad tenants to make you hate them.

With that said, the fees add up fast so most simply take care of it on their own. Good luck.

[94boosted]

I've got a buddy Dave @ Unison Realty and I know first hand he does good work.

http://forum.calgarypuck.com/forumdisplay.php?f=61

[colsankey]

I've been happy with Emerald property management. Fees are a little cheaper but in line with what Max Boost posted.

After discussing price with me, they went and found then screened the tenants for me. Been using them 2 years without any hassles so far.

[krazykhoja]

Thanks for the replies! Ended up getting a proper offer and just cleared conditions, so doesn't look like I will need the management companies.

[nj2Type-S]

Originally posted by max_boost
They usually charge up to 50% of monthly rent for a lease signing.
- $1500 rent, they will take up to $750 for locking down a tenant.

is the 50% maximum mandated by alberta? i can't seem to find actual written documentation that states that amount for lease signing.

how much have you guys paid your property manager for locking down a tenant?

thanks!

[A790]

Originally posted by nj2Type-S


is the 50% maximum mandated by alberta? i can't seem to find actual written documentation that states that amount for lease signing.

how much have you guys paid your property manager for locking down a tenant?

thanks!

Mountain Park charges $600 on tenant signing, 10% of rent.

[max_boost]

Originally posted by nj2Type-S


is the 50% maximum mandated by alberta? i can't seem to find actual written documentation that states that amount for lease signing.

how much have you guys paid your property manager for locking down a tenant?

thanks!

Don't think it's mandated but it's what most places charge.

I generally look after it myself but after a few boom bust cycles I simply don't wanna deal with it anymore. Things are quite straightforward. Good luck.