Understanding Roles and Responsibilities in a Condo Community For a community to thrive, it is important for everyone (owners, tenants, board members, and management) to understand their roles and responsibilities. When a unit owner rents out their property, they take on the role of a landlord. However, the landlord/tenant relationship is different in a condominium […]
Alberta’s climate is known for its unique weather conditions, ranging from freezing cold in the winters with snow and ice to sudden temperature swings. For property managers, these unique weather patterns need strategies that will make sure properties stay safe, functional, and appealing year-round. Here are some effective strategies for managing properties in Alberta’s distinctive […]
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 […]
Smart technology is becoming more and more common in many industries, including property management. Leveraging smart technology can streamline processes, better resident experience, and ultimately improve your overall efficiency. Here are some ways to make use of smart technology in property management: Use Smart Locks and Access Control Systems A popular smart technology in property […]
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, […]
