Power Properties Ltd.
#7 2308 24th Street SW
Calgary, AB T2T5H8
Maintenance
We carry mobile devices to ensure quick response times to all your maintenance needs.

Property Management

Service Summary

Tenant Screening
  • 3 person review
  • Landlord Reference Check
  • Credit Report
  • Employment Verification
Move in Procedures
  • Comprehensive Written Report
  • Photographic Record, Copy to Owner
  • Video Record
Marketing
  • Rentfaster.ca web site
  • Homerent.ca web site
  • Rentersonline.com website
  • Rentboard.com web site
Owner Visits To Properties
  • No Charge
Staff
  • 4 Property Managers
  • 4 Assistants
  • Full Time Accounting Department
  • Live Receptionist to Answer Your Calls
  • 6 Professional REALTORS® / Leasing Agents
Comprehensive Insurance
  • For Rental Homes


Additional Services

  • Regular Home Inspections C/W Copy to Owner
  • Emailed Owner Communication
  • Emailed Monthly Owner Financials

 

Service Fees

FEE STRUCTURE AS OF JANUARY 2012

Leasing Fee- S775.00 +GST ( S875.00 Out of Town ) Includes the following:

  1. All advertising including Photographs and comprehensive description for up to 2 months:
    1. Power Properties.net web site
    2. Rentfaster.ca web site
    3. Rentboard.ca web site
    4. Rentersonline.com web site
    5. Homerent.ca web site
  2. Pre-screening calls from prospective Tenants before showing the property
  3. Showing the property
  4. Taking the first month's rent as a rental deposit
  5. Preparing the Application to Lease
  6. Checking the landlord reference
  7. Confirming the employment
  8. Obtaining a credit report
  9. Preparing the formal lease and getting it signed before move in
  10. Completing a move in inspection report in accordance with the Residential Tenancies Act
  11. Taking a complete video of the interior and exterior of the home
  12. Recoding the locks to our master key upon tenant move in
  13. Commission to our leasing agents
  14. Vacant Property Inspections for up to 2 months.
  15. Out of Calgary properties will be charged mileage for every visit, including inspections.
  16. Properties acquired vacant will pay an additional $ 100.00 on sign up.

Management Fee - 12% of the Monthly Rent Includes the Following:

  1. Collecting the monthly rent and depositing it into our audited trust account
  2. Follow up on delinquent rents if required
  3. Responding to maintenance requests from the tenants and owners
  4. Maintaining a 24-7 emergency response system
  5. Paying on your behalf any costs incurred for the maintenance of the property.
  6. Preparing monthly financial reports on the property and emailing them to the owner at the end of each month
  7. Electronically sending the net proceeds of the property to the owner's bank account between the 20-25th of the current month.
  8. Carrying out formal inspections of the property 3 months after a new tenant and annually for existing tents with copies sent to the owner.
  9. Responding to owner and tenant concerns.

Lease Renewal Fee- $135.00

  1. Establish current market rental value
  2. Send out appropriate letters to Owner and Tenant
  3. Prepare lease renewal document and get it signed by tenant.

Non-resident Fees-$250/year

Non-resident fees vary depending on complexity of your income tax circumstances, but the base fee covers:

  1. Prepare and file NR-6
  2. Prepare and file NR-4
  3. File and seek approval of the budget with Revenue Canada
  4. Administer monthly deductions and remittance to Revenue Canada
  5. Each additional property is $50/year
  6. Filing and preparation of your individual income tax return (optional) $175

 
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