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Emerald Management and Realty Ltd.'s Blog

Founded in 1972, Emerald Management and Realty Ltd. has offered services in the greater Calgary real estate market for more than 35 years.

Monthly Archives: August 2011

At Emerald Management & Realty Ltd., we employ a wide range of real estate professionals, including residential and condominium property managers, commercial property managers, leasing agents, and a number of administrators. With experience in every branch of the real estate and management business, Emerald Management & Realty Ltd. has seen people find success in a variety of positions.

 

The purchase of real estate is a complicated and highly significant event in most people’s lives. As a difficult and expensive purchase, it often warrants consulting a real estate professional such as a real estate broker or sales agent. With a strong knowledge of the laws and intricacies of the real estate market, brokers, agents, accounts and managers help people navigate the daunting waters of these major purchases.

 

Careers in real estate are known for their flexibility and freedom; often, real estate professionals set their own hours and pace. Income tends to reflect the amount of effort put in, making it a very satisfying field for entrepreneurial and driven individuals. Those who succeed in property management are good time managers, goal-oriented, determined, self-motivated, ambitious, and people-oriented individuals.

 

A number of schools offer courses in real estate, including programs through which students can complete undergraduate or graduate courses. Real estate professionals must seek licensing, which often requires both education and experience, as well as the passage of a written exam.

 

There are many opportunities for employment in the property management sector of real estate, from working in the field with heavy contact with customers, to strategizing as an entrepreneurial property owner, to analyzing cash flows from new developments. Each of these careers demands different academic preparation, so those considering a career in any real estate field should consult their local library or colleges for information on relevant coursework, exams, and other prerequisites.

 

Real estate professionals work in residential and commercial property, as real estate appraisers or property managers, and in development and construction.

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Many landlords attempt to manage their own properties, but find that it takes more time, energy, and expertise than they had imagined. At Emerald Management & Realty Ltd., we have years of experience assisting property owners and landlords in managing rental properties of all types, including apartments, houses, and commercial spaces.

 

Property management companies deal directly with current and prospective tenants, handling every phase of the showing, lease signing, maintenance, and repair process. The company’s managers respond to all tenant complaints, collect rent, perform maintenance, and, if necessary, pursue evictions. Property management companies bring their extensive experience in the legal and practical questions of handling rental investments and properties to bear on their clients’ portfolios, lifting the burden of overseeing the day-to-day operations. A management company usually operates as an independent contractor, so instead of hiring an employee, a property owner merely contracts with the company. This simplifies tax and benefit arrangements considerably. Emerald Management & Realty Ltd., offers the Owner the benefit of working with both full time maintenance employees, and trusted contractors which can increase response time on any given project.

 

Property management services can be expensive, however. Often, landlords do not choose to contract with a property management company unless their circumstances justify the expense. For instance, an owner who lives far away from their property may find the cost invaluable, as might an owner with many rental units. Owners with limited time, or those who don’t enjoy hands-on management, also tend to get the most out of property management services.

 

When looking for a property management company, owners should ask for recommendations from friends, family, or local apartment associations, as well as check out online directories. The next step is conducting thorough interviews with one or more property management companies for answers to all relevant questions. If you are located in the Calgary area, check out Emerald Management & Realty Ltd.; we can be found online at www.emeraldmanagement.com.