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
A whole schwack of things to do for under $25 - there really is a lot more to the valley than meets the eye.
For those who love to eat:
1. Go out for dinner. There are plenty of diners, drive-thrus and dives in our little town. Each place is known for something different and delicious.
2. Pancake breakfasts happen every Sunday. Nacmine, East Coulee, Midland… It’s always at a different ...
Posted by Bob Sheddy
on January 12, 2012
In our business, it is very tough to take a break. We don't need to sit in an office all day, but providing great customer service to our clients means we must be available for them when they need us. I find Realtors are good at taking 2 day trips, but seldom take a week long trip without a ton of stress. I have some advice for Realtors. The main priority leading up to the trip is to make sure you ...
Posted by Bob Sheddy
on December 29, 2011
Property Owners love to be able to drive up and view their property. Even if you live where your properties are, it can be difficult to keep track of their condition, the tenants, and ensure that you follow all of the Residential Tenancies Act rules and best practices.
Tenants often know enough of the rules to take advantage of owners if they are not on top of things. Instead of worrying constantly ...
Posted by Bob Sheddy
on December 15, 2011
The Town of Drumheller recently completed a Tourism Master Plan and I took some time to read through the report. The full report can be found on the dinosaurvalley.com website.
Since the mid 1980's, tourism has been a main driver of Drumheller's economy. 27% of the Town's employment is related to Tourism. It is now the main attraction in the middle of the new "Canadian Badlands" ...
Posted by Bob Sheddy
on December 1, 2011
I have been in Real Estate since the late 1990's, and toured many houses, apartments, commercial, residential, industrial, office, and multifamily properties. When I inspect a property with a client I'm representing (both buyers and sellers), here are some of the things I'm looking for:
ROOF Is the pitched ridge (peak) showing a sag, or is it straight and level? Is the roof sagging between ...
Posted by Bob Sheddy
on November 17, 2011
I thought it would be time to share some statistics for Drumheller.
Here is what has been happening in the area:
For the month of October 2011 the average selling price for Drumheller Urban showed an increase to $236,000, with 8 sales. Compared to last year, October 2010, which was $220,318 with 11 sales. For Drumheller Rural, the averages selling price for October 2011 was $70,000, which was ...
Posted by Bob Sheddy
on November 11, 2011
I recently met with Peter Moonen from MoldPro in Calgary. He graciously spent an hour with me answering my barrage of questions.
Molds are ubiquitous in nature, and mold spores are a common component of household and workplace dust. However, when spores are present in large quantities, they are a health hazard to humans, potentially causing allergic reactions and respiratory problems.
Some molds ...
Posted by Bob Sheddy
on November 3, 2011
Pictures of the renovations underway at the Strathmore Sears:
Posted by Bob Sheddy
on October 20, 2011
I attended the first available Alberta ePro Real Estate Technology course recently with about 40 other Alberta Realtors. Looking around the room, and networking at the breaks, I found the following…..
ePro Realtors know how to blanket the internet with your listing, reaching the majority of buyers who troll the internet searching for properties.
ePro Realtors know how to use photos and ...
Posted by Bob Sheddy
on October 6, 2011