Property Management Firms

[djwazzy]

I'm looking for recommendations on property management companies. I have a condo I'd like to rent out, and would like to hire a firm to take care of the details of finding tenants, collecting rent, dealing with issues etc rather than having to do this myself.

Any experiences (good or bad) would be greatly appreciated.

Thanks!

[Bring_Back_Shantz]

My brother in law runs a company called Magnum Property Management.
If you're only looking for them to run 1 rental proerty it's likely too small.
However they do have a Rental Pool option, where you put your rental into a pool, and they treat it like a larger unit, where the expenses and rent are shared proportionately. I'm not 100% sure how it works, but it might be worth looking into.

http://www.magnumpm.ca/

[troutman]

http://powerproperties.net/index.php/welcome.html

[Flabbibulin]

Hopestreet does a great job. Www.hopestreet.ca

[wooohooo]

My parents deal with Realty Link

http://www.homerent.ca/affiliates/pr...nagement/10953

It's on Center Street right outside downtown. It's run by a Chinese guy and a few people. He comes off a little brash but he does a good job I think. My parents have used him for over a 4 years and are happy with him.

[johnnyrocket03]

Its all about York West
http://www.yorkwest.com easily the best out there.

[BlackArcher101]

Originally Posted by Flabbibulin

Hopestreet does a great job. Www.hopestreet.ca

Removed

[killer_carlson]

I'm not a fan of York West these days.

[Flabbibulin]

Originally Posted by BlackArcher101

I beg to differ on this one. He can PM for details if he desires.

Curious why you think that? Don't worry, I don't have any attachment or know anyone there, but I heard some really good stuff about them from my brother about a year ago.

[BlackArcher101]

Originally Posted by Flabbibulin

Curious why you think that? Don't worry, I don't have any attachment or know anyone there, but I heard some really good stuff about them from my brother about a year ago.

Removed

[CalgaryLawyer]

**MOD EDIT: This individual is not who they represent themselves to be, this post should be viewed as an attempt at self promotion**

I own a condo in the Sasso building that I rent out. A realtor recomended Hopestreet property management to me and so did a co-worker in my firm. I called them and left a message, but by the time their guy called me back I had already hired Emerald Management Ltd. Fine...my bad, I'm probably a bit impatient.

Hiring Emerald Management = Big mistake!

Last month Emerald charged me $1125 for a new toilet and refuses to explain why the cost was so high. My office assistant has called them at least 5 times since the begining of the month trying to get info. 6 or so months ago, they charged me about the same amount for "unclogging" the toilet. They are lousy at returning calls, I get the impression they are overworked.

They seem okay at managing condo boards tho (which was why I hired them in the first place).

Hope this helps.

[photon]

Originally Posted by CalgaryLawyer

I own a condo in the Sasso building that I rent out. A realtor recomended Hopestreet property management to me...

Do you have anything else you'd like to disclose?

[VladtheImpaler]

Originally Posted by BlackArcher101

I'm a renter with them. I won't divulge on the net as I am currently still renting from them, but I'll say this; If I didn't care about my property, I would let them manage it.

But we don't care what the renters think - we just want our rent every month and no phone calls...

[mykalberta]

Originally Posted by CalgaryLawyer

I own a condo in the Sasso building that I rent out. A realtor recomended Hopestreet property management to me and so did a co-worker in my firm. I called them and left a message, but by the time their guy called me back I had already hired Emerald Management Ltd. Fine...my bad, I'm probably a bit impatient.

Hiring Emerald Management = Big mistake!

Last month Emerald charged me $1125 for a new toilet and refuses to explain why the cost was so high. My office assistant has called them at least 5 times since the begining of the month trying to get info. 6 or so months ago, they charged me about the same amount for "unclogging" the toilet. They are lousy at returning calls, I get the impression they are overworked.

They seem okay at managing condo boards tho (which was why I hired them in the first place).

Hope this helps.

The condo I live in uses Emerald and they do seem very dodgy imo.

[johnnyrocket03]

Originally Posted by killer_carlson

I'm not a fan of York West these days.

why is that? i have always found them to be very helpful and easy to approach with issues. I would almost have to say if i moved i would try to look for a York West building.

[Bertuzzied]

Emerald is horrible. My dad's condo initially used them. At least they got smart and dumped their ass. HORRIBLE!

So with these property managment companies how much do they charge a month? Is it a % or a flat fee?

[photon]

FYI I've given "CalgaryLawyer" an opportunity to fess up, and he hasn't.

Let's just say that I wouldn't use a management company run by someone would come to a forum, registering and saying they are a "Lawyer", and pretend to be a property owner to promote their own management company while at the same time slagging the competition.

I've also deleted the other post in this thread where a property manager registered for the sole purpose of coming online and promoting their own business.

Jeez what is it with property managers? Guys, if you want to buy advertising, do so, rather than trying to get free advertising by registering and breaking the rules with your first post, or even worse pretending to be someone else. Sheesh.

[pylon]

Originally Posted by killer_carlson

I'm not a fan of York West these days.

+1

Horrible company. I sat on a condo board and these guys were our management company. They damn near bankrupt our reserve fund. We ended up replacing them.

[Robbob]

Just wanted to bump this to see if anyone has/had any more experiences they would like to share. I have a single condo unit I plan on renting out. I have contacted a couple companies already but just wanted to double check to cover my bases.