CitySearch Journal

Calgary’s tax shift shafts renters with property tax burden

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

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 Damage Versus Wear & Tear

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...
Condominium Insurance

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...
Condominium Reserve Fund Studies – A Snapshot

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...
Cold Weather Reminder!

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 ...

How to Select a Property Manager

We get calls every day about taking over property management files.   We strongly encourage you to do some front-end research when evaluating and selecting a PM company to use.  I am Lisa Hamielec, Citysearch Rental Network Inc.This video focuses on some key t...
20 Questions to Ask When Interviewing Property Managers

20 Questions to Ask When Interviewing Property Managers

Choosing a property management company who will work in your best interests and who will fit best with you is very important! We have compiled a list of 20 questions that are good things to ask the property management companies that you are interviewing. By asking these questions...
2020 Security Deposit Interest Rate

2020 Security Deposit Interest Rate

The CRRA has just been advised that the interest rate payable on Security deposits for 2020 is 0%. The rate of interest to be paid on tenant security deposits by landlords, effective January 1, 2020, is 0%. Landlords must pay interest to their tenants annually at the end of each...
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