Calgary's Rising Population Has Led to Huge Demand in Multifamily Real Estate; Calgary Multifamily Fills the Gap of Multifamily Resources
The population of Calgary has been growing rapidly for the last couple years. With this comes a higher demand for rentals, resulting in a larger need for commercial multifamily. It is no secret that multifamily properties require a lot of management. Calgary Multifamily was established to handle the coordination of building maintenance, tenant vetting & placement, and renewals & inspections. Their systems are tried and tested.
Managing a property, especially a multifamily building, requires many duties to create and maintain a constant income stream. Calgary Multifamily is known for brokering multifamily real estate and they have just launched a management division, which provides all of the necessary services using their resources and connections to aid real estate investors in maximizing their revenue. The main components to achieving this are maintenance of the land and building, tenant vetting and placements, along with renewals and inspections. In working with Calgary Multifamily, property investors gain access to more professional management services.
The most vital service they provide is managing the regular maintenance tasks as well as unexpected operational issues. This entails the routine, preventive, and remedial care of the building’s internal and external infrastructure at appropriate intervals. For example, janitorial services, maintaining parking and plumbing, as well as landscaping and snow removal. It also includes verifying that all property aspects abide by the associated laws and regulations such as Health and Safety and fire testing. Working with Calgary Multifamily is beneficial as they have existing suppliers and professionals they regularly work with. Allowing them access to better pricing, response times, and quality of service.
Calgary Multifamily provides tenant vetting and placement services to find tenants who are a good fit for the property. These services can include employment, background, credit score, and/or eviction record checks. The purpose of placing the right tenant is to establish a more secure revenue stream. If done correctly, it would also produce fewer maintenance issues and a lower turnover rate.
Lastly, tenant renewal notices are automatically handled and are done in a way that provides enough lead time to deal with upcoming vacancies. Renewals also allow owners to increase rent to ensure rates are being charged near market price, all to make certain the landlord is getting the most out of their investment. Quarterly inspections on units are also performed to ensure every tenant is treating the property properly, getting ahead of major issues before they occur.
Calgary Multifamily is led by Kamil Lalji, Associate Broker, and licensed with CIR Realty. Kamil has had experience managing properties for over 20 years. To learn more about Calgary Multifamily’s property management division, check out their website linked here.
+1 (403) 383-1579