Unit Management Ltd. - Condominium and Rental Property Management in Calgary, Alberta
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Unit Management Condo & Rental Property Management In Calgary

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Calgary Condo Rental

Whether your rental property is a multi-unit townhouse or apartment complex or a commercial property, we use our proven management practices to minimize potential problems and provide you with a steady and reliable income stream.  Our management practices focus on planned maintenance, tenant quality, timely financial reporting and maintaining a balanced approach to rent levels and costs.  A high standard of care and attention to detail results in an optimized return on investment for our rental property investor clients, whether their property is large or small.

Benefits For Investors

Our professional management practices produce the key benefits that our clients demand.  Our rental property investor clients  have told us that the most important benefits to them are:
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Reliable investment income

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Maintenance of the quality of their investment asset

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Optimized return on investment

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Timely financial reporting

Calgary Rental Apartment Building

These benefits are the direct result of a professional approach to rental property management.  A strong focus on maintaining the quality of the investment asset and finding quality tenants results in reliable stream of investment income.  Good management practices are the key to ensuring an appropriate return on investment for our investor clients.  Our reporting systems ensure our clients have up to date information to monitor our performance and their return on investment.

Management Practices

Our management practices have been developed over many years and have proven to be effective in providing the key benefits that are demanded by our investor owner clients.  Those practices focus on:
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Tenant Quality

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Reliable Income

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Timely Reporting

Tenant Quality

Maintaining a high quality tenant base adds to the value of any property.  It results in a steady revenue stream and lower maintenance costs.  There are a number of factors that influence tenant quality.
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Tenant Selection - We screen and qualify all prospective tenants.  This includes the appropriate credit reports, confirmation of employment and past rental history.

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Filling Vacancies - Vacancies are advertised in the media and appropriate signage is in place on the property to reach the drive by market.  Our licensed agents or resident managers show vacant suites and pre-qualify prospective tenants.

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Rent Collection - Timely rent payment is insisted upon for all tenants.  We have set procedures for collection of rent arrears and late payments are dealt with immediately.  When necessary, we initiate evictions and take other appropriate steps for the collection of rent arrears.

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Tenant Needs - We pay attention to the needs of our tenants.  Satisfied tenants take pride in their living environment and this leads to lower maintenance costs and lower vacancy rates.

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Reliable Income

Calgary Rental Apartment

Reliable income is the function of a number of factors.  It requires cost control and appropriate rent levels that result in a normal level of turnover.  If rents are too high, this can lead to a loss of rent because vacancy rates are too high.  If rents are too low, the investor will not receive a market rate of return his investment.
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Rent Levels - We continually monitor the market to ensure rent levels in each building are consistent with market trends.  Rent adjustments are instituted when necessary to reflect market conditions.

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Leases - Written leases are obtained for every rental unit.  This avoids misunderstandings and protects the owner.  It clearly sets out the obligations of the tenant for timely payment of rent, notice requirements for any termination of the tenancy and responsibility for utility costs. 

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Security Deposits - Security deposit trust accounts are maintained to hold all security deposits received from tenants.  Written move-in and move-out inspections minimize the potential for tenant disputes on move-out.

bullet Costs - Cost are controlled and any cost savings resulting from our long standing relationships with tradesmen and other service providers are passed on directly to our investor clients.

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Timely Reporting

Our reporting systems are flexible and designed to help our clients monitor their investment and our performance.
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Financial Reporting - Our financial systems provide timely and accurate financial reporting.  These reports include periodic as well as year end financial reports that include an income statement and balance sheet as well as other breakdowns of information as requested.

bullet Bank Deposits - Income is deposited monthly to the bank account specified by our client.  We recognize the importance of timely income distribution.  Bank account reconciliations are done upon receipt of monthly bank statements.  Statements are usually received from the bank on the 15th day of each month.  Funds are forwarded to the investor in the third week of each month.

Our management fees are based on a percentage of gross rents.  The percentage varies depending on the size and condition of the building.  Lease up fees are charged at the time of a tenant turnover.

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Please contact us to discuss any of your needs.

   

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