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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.

Category Archives: Property Management

Emerald Management & Realty Ltd., provides property management and rental services for Calgary houses, apartments and properties in Alberta, Canada. Dedicated to working closely with property owners and fulfilling their obligations while monitoring renter expectations, Emerald Management & Realty Ltd., also encourages tenants to acquire tenants’ insurance. While landlord insurance policies may cover some expenses, tenants’ insurance remains important for a number of reasons. Currently, the Residential Tenancy Act in Alberta does not require that a tenant have insurance and while Emerald Management & Realty Ltd. can not guarantee what a tenant will or will not do, tenant insurance is still great peace of mind for tenants for some of the following reasons:

1. Protect personal belongings. Typically, landlord insurance coverages protects the property and landlord against structural damage and personal liability in the event an individual sustains an injury while on the property. However, these policies do not protect tenants’ personal possessions against theft or accidents such as fire or flooding.

2. Avoid replacement costs. Expenses for uninsured possessions that require replacement fall solely on the tenant. Even small and inexpensive items can add up depending upon the extent of the damage or possessions lost, especially if credit is owed on lost items. Since tenants’ insurance is relatively low-cost, it can save tenants a considerable amount on possession replacement costs.

3. Secure displacement protection. In the event that your unit or dwelling becomes uninhabitable due to fire or other extensive damages, landlords are not required to pay for expenses involved in finding temporary housing. Individuals with tenants’ insurance may have these expenses covered for them by the insurance provider, including moving costs.

The above are just a few examples of the benefits of tenant rental insurance. Again for peace of mind for the tenant – the cost is nominal and well worth serious consideration.

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Emerald Management & Realty Ltd. provides quality rental properties in the Calgary, Alberta, area. In addition, Emerald Management & Realty Ltd. offers full-service property management services for multiple property types, including condominiums. The company also makes clients aware of the value of a strong board of directors in condominium communities.

For condominium communities, a board of directors is a governing body elected by condo owners. The board has responsibility for running the corporation and managing the property, which they may outsource to professional property managers. Proactive boards arrange for routine inspections and set priorities for repairs and improvements. In addition, the board addresses issues that arise within the community, such as building damage or disruptive residents.

In condominium communities, owners pay an annual fee to fund repairs and other necessities. Establishing an annual budget, setting the yearly fee, and handling the condo association’s financial resources are other focus areas for the board.

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Located in Calgary, Alberta, Canada, Emerald Management & Realty Ltd. strives for excellence in its property management functions. Among the services Emerald Management & Realty Ltd. performs is overseeing the running administration of condominium properties.

Professional management offers many advantages to condominium boards, owners and residents. Running a condominium is a large task that can be substantially simplified with the assistance of an experienced management company. Instead of the condominium corporation having to hire individual contractors or find volunteers to perform tasks, processes that are often difficult and result in delays in service, a management company can handle all or some aspects of the condominium’s operations, depending on the corporation’s or owners’ needs.

For example, the company can handle financial activities, which can include keeping careful records of the property’s expenses and handling the collection of monthly contributions and fees. The company can also work with the board to put together a budget designed to help keep the condominium running smoothly. Additionally, the management company can supervise repair work and maintenance, negotiate utilities contracts, and make necessary purchases. All of these activities help ensure that residents and owners are satisfied with how the condominium is run and its long-term outlook as an investment and place to live.

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