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by Andrey on Feb 3, 2010
Calgary apartments rent is still at a premium and higher than average pricing still remains compared to other Canadian cities. Even with a slowdown in the economy, many young people and families are still moving to Calgary at fairly significant rates. Calgary is very much a hub for several property management companies. There is also a large group of Real Estate Agents who cashed in on the Real Estate boom and purchased many apartment complexes where they offer places on a rent by owner basis. Many people who own apartment buildings and lead busy lives will hire property management companies to look after their properties while they continue their hectic schedules. Management companies will collect rent, arrange for any maintenance necessary and keep things running smoothly. The disadvantage for owners using property management companies is that they have to hand over a portion of rent to the company, and therefore it cuts into profit on the rental. ...Read More >>
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