Welcome to our Blog
Latest News in the Calgary Rental
and Real Estate Markets
Power Properties Wins 2023 Torch Medium Business Award
On June 15, 2023, Power Properties was announced as the winner of the 2023 Torch Awards by the Better Business Bureau of Southern Alberta.
You’re Invited to Power Properties Stampede Breakfast!
Join the team at Power Properties for our Annual Calgary Stampede Breakfast! Thursday, July 13, 2023 from 8:30 AM to 10:30 AM.
3 Qualities of a Great Rental Property
What makes a great rental property? From an experienced Property Management Company, here are 3 things to look for when selecting an investment property.
Understanding Rent Control: Pros and Cons of a Controversial Housing Policy
Rent control is a housing policy that has been implemented in various cities and countries around the world. It aims to regulate the rental market by setting limits on how much landlords can increase rent and providing stability for tenants. However, like any policy, rent control has its share of advantages and disadvantages. In this blog post, we will explore the pros and cons of rent control.
Rent-Ready: 5 Ways to Transform Your Property
Is your property rental property vacant? Use this vacancy period as an opportunity to make simple property updates that can enhance the viability of your property. In this blog, we list five ways to transform your rental property to attract quality tenants and maximize rental income.
8 Ways to Retain Quality Tenants
If you’re able to attract unproblematic tenants to your property and keep them there, then you won’t have to find new renters frequently. Here are 8 actionable ways you can convince quality tenants to stay.
First Home Savings Account: 10 Things You Need To Know
If you're a first-time home buyer looking for a tax-efficient way to save for your dream home, then you might want to consider opening a First Home Savings Account (FHSA). This registered plan is designed to help Canadians save for their first home by providing tax-free savings up to certain limits. In this blog post, we'll discuss the 10 essential things you need to know about FHSA.
Calgary's Housing Market: What's Behind the Skyrocketing Prices?
April 1, 2023 - At the time of writing, the average price of a detached home in Calgary is $708,095! Prices are up 6% compared to March 2022, which itself was 12% higher than March 2021! On top of that, It is anticipated that prices will continue to increase this year! Everyone wants to know what is causing these increases, how long are they likely to last, and is now a good time to buy rental properties?
5 Qualities of an Ideal Tenant
When it comes to being a landlord, finding the ideal tenant is crucial for both your peace of mind and your bottom line. In this blog post, we will explore some of the qualities of the ideal tenant.
7 Things to Avoid When Buying an Investment Property
The real estate market can be a rewarding and safe investment, but it is not something you can master overnight. Although you can earn a lot of money, you can also make mistakes. So we are here to help you to avoid when buying an investment property.
4 Reasons to Buy More Rental Properties
Owning rental properties is an investment in your financial future. These are our top 4 reasons for buying more rental properties.
Residential Vs. Commercial Real Estate: What's the difference?
Real estate has become a popular form of investment across all levels of investors, but it can be hard to know what type of property is best for your situation. Residential and commercial real estate offer unique opportunities; understanding their differences is crucial in deciding the best for your portfolio.
Rental Property Insurance in Calgary: What to Expect in 2023
Getting the proper insurance coverage for your Calgary rental property is important. Our Insurance Broker lets you know what to expect in 2023.
Every.Single.Day.
February 1, 2023 - With the rental market so hot, many of you are chomping at the bit to purchase additional rental properties, however, over the past three months it has been difficult to find properties that are producing positive or even break-even cash flow. So where does that leave you?
Let’s Talk Security Deposits with a Property Manager
Are you moving out? Here are some tips on how to get your security deposit back!
5 Tips for Preparing Your Property for Advertising Photos
If you're looking to rent your property, high-quality photos are essential to attracting potential buyers or tenants. In order to showcase your property in its best light, it's important to prepare your space before the photo shoot.
Frequently Asked Questions about Property Management
In this blog post, we will cover some of the most frequently asked questions about property management, including topics such as property management costs, maintenance, and tenant selection.
Why Investing in Real Estate is a Good Idea During Inflation
The spike in real estate prices in 2022 have been staggering. Meanwhile, mortgage rates have almost doubled. With consumer inflation at a four-decade high, raising the price of properties, you may wonder whether this is a good time to invest in real estate. Here are some reasons why doing so may benefit you.
Looking at The Year Ahead
January 1, 2023 - Calgary started the year with an incredibly tight sales market leading to bidding wars, and homes selling for hundreds of thousands of dollars over the asking price. Seven consecutive interest rate hikes took the wind out of the sales market by later-summer-early-fall. So where does that leave us for 2023?
Make-A-Wish Calendar of Wishes
On December 8th, 2022, the Make-A-Wish foundation recognized Power Properties for their contributions in their annual Calendar of Wishes Events.