March 1 CREB Stats just released! According to statistics, sales activity in residential real estate increased by 11.6% compared to last year. “More selection and a wider range of prices have drawn consumers to the condominium townhouse and single family markets,” says Jablonski. “As is the case with all property types, we saw modest price improvements compared to February last year, ...
Posted by Bob Sheddy
on March 1, 2012
We recently hired some assistants to help us out during the busy fall rush in our Airdrie, Calgary, Drumheller and Strathmore real estate offices. Here are a few of the rules we found out about. We have both virtual and in-office assistants.
Assistants can be hired by either a brokerage or an individual associate broker or associate. However, regardless of what entity does the hiring, brokerages ...
Posted by Bob Sheddy
on March 1, 2012
Many Alberta landlords are telling me they are considering a rent increase this year simply due to rising expenses?
Last year I know a number of property owners in Calgary, Airdrie, Strathmore and Drumheller (both commercial and residential) who ended up pricing themselves out of the market and some of them are now paying utilities on vacant property.
Yes, if you have a gross lease, these operating ...
Posted by Bob Sheddy
on February 16, 2012
I had a seller (who was selling an apartment building in a smaller Alberta town) ask me to help him with a financial breakdown on his condo unit. I came up with the following breakdown.
Revenue $1250 x 12. = $15,000 Less: Vacancy 4.55%. =$ 682.50 ::::::::::::::: Gross Operating Income = $14,317
ANNUAL EXPENSES Annual Property Taxes: $1,489 Annual Advertising. $40 Annual Sewer/Water: $300 Property ...
Posted by Bob Sheddy
on February 2, 2012