To make investing in real estate profitable, understanding property management fees for investors is key. Real estate investment, including renting out a condo unit, comes with many responsibilities and even legal requirements. For many investors, entrusting a property management company with daily operations of rental properties makes sense. Understanding the Basics of Property Management Fees […]
Balancing Heritage Conservation and Modern Property Management Managing heritage properties is a unique challenge that mixes historical importance with the practicalities of modern property management. At Larlyn Property Management, we understand that maintaining the balance between preserving the legacy of a heritage property and meeting modern standards can be difficult. Here’s how to balance modern […]
In a multi-residence building, a shared emergency plan is essential. A well-prepared condo community can reduce potential hazards, minimize property damage, and ensure the safety of everyone involved. Emergency preparedness not only enhances resident security but also fosters a culture of readiness and mutual support among neighbors. Key Steps for an Emergency Preparedness Conduct a […]
Part of managing a condominium community is ensuring that all owners contribute fairly to shared expenses. However, when owners fail to pay their condo fees, the condominium corporation can face financial challenges. In Alberta, registering a lien for unpaid condo fees is crucial to protect the corporation’s financial interests and maintain the property. What is […]
In today’s world, where environmental awareness is increasingly important, property managers have a unique opportunity to promote sustainability in their properties and communities. Sustainable property management benefits the planet and improves property value, resident satisfaction, and operational efficiency. Integrating eco-friendly practices helps create a greener future while saving money and attracting eco-conscious tenants. Here are […]
Selecting tenants who pay rent on time, maintain the value of a property, and foster a positive community is essential for property owners and neighbors alike. In this guide, we’ll discuss the main steps and best practices for screening tenants while ensuring compliance with legal and ethical considerations. Why Tenant Screening Matters Screening helps identify […]
Difference Between Property Management Fees & Condo Fees Navigating financial responsibilities of condo living can feel overwhelming, especially when trying to distinguish between property management fees vs. condo fees. Understanding these distinctions is crucial for both condo owners and board representatives. In this blog, we explore what each of these fees include, how they differ, […]
Keeping your condominium association and corporation financially healthy is crucial for maintaining a happy and thriving community. Financial management is crucial to the success and sustainability of the association, as it ensures that the community can cover its operating costs, maintain the property, and plan for future expenses. By following these best practices for financial […]
Managing noise complaints is a critical aspect of property management. It impacts the quality of life for residents and the reputation of the property. It is important for condo managers to understand noise complaint laws to maintain harmonious living environments. Whether it is figuring out how loud is too loud or helping neighbors get along, […]
As a property manager in Ontario, it’s important to maintain a smooth and legal relationship with your tenants. But what happens when issues come up? This is where the Rental Housing Enforcement Unit (RHEU) comes in to help. What is the RHEU and What Does it Do The RHEU is a branch of the Ontario […]
