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Category Archives: Uncategorized

December’s Message from Lisa

On behalf of all my colleagues here at Citysearch, it is our pleasure to wish you Happy Holidays. Enjoy celebrating the holidays with your friends and family and be sure to keep warm. The Farmer’s Almanac for December is calling for below average temperatures and above average precipitation so we may just have a white Christmas after all! We are pleased that the Globe and …

Monthly Newsletter

A Message from Lisa… It is shocking the number of Citysearch’s tenants that purchase the home they reside at. This phenomena is a trend at Citysearch and it appears potential purchasers wish to test out the property first by entering into a rental agreement. It makes sense in that once the tenant gets comfortable and is enjoying the property and neighborhood, they later want to purchase …

Tips for Buying Your First Investment Property

“Property investment is an exciting business or side hustle that has a high income potential. You see it on HGTV and read about it in business and financial news, but that doesn’t mean it’s easy. Especially as a first-time investor, who’s new to rules, regulations, tactics and strategies. However, when you know what you’re doing and what to look for, you can make a successful business …

“Tenants Have More Choice Than Ever Before In Ca...

Below is an excerpt from the Calgary Sun explaining the current real estate market. It describes that tenants have more choice than ever as the supply of properties is quite high due to unfavorable market conditions for selling. Read below to see why you should call Citysearch today! “Calgary’s housing market is not yet in full recovery mode. That’s the conclusion of Don Campbell, …

CRRA Notice: Security Deposit Interest Rate for 2018

The notice dated November 1, 2017 from the Calgary Residential Rental Association states: “The rate of interest to be paid on tenant security deposits by landlords, effective January 1, 2018, is 0%. Landlords must pay interest to their tenants annually at the end of each tenancy year, unless both parties agree otherwise, in which case the interest must be compounded annually. By an Order …

Rental Property Upgrades That Will Pay Off!

Are you interested in upgrades that will help you get more monthly income for your single-family properties? We visited Capitalist Creations and other sites to gather some great suggestions about well-considered repairs and maintenance that can increase the value of your rental property. These simple rental property upgrades maximize your payment and maximize your rental rates, as well. 1. Lay out the welcome mat with landscaping …

How to Avoid Being the Victim of a Rental Scam

6 Ways to Avoid Being the Victim of a Rental Scam So, you’ve found the perfect rental unit in your desired location. It has all of the amenities that you’re looking for, and then some…but could this sweet deal be too good to be true? Most scammers will create fraudulent classified ads for available rental units in areas that are in high demand. These …

“…6 Million Dollars in Tenant Damage for 2...

Hi everyone, “CRRA Members Report Nearly 6 Million Dollars in Tenant Damage for 2016!” The CRRA has posted their seasonal rental review and it has some very valuable information. In this newsletter, you can read about the turnover survey results from individual zones in Calgary such as beltline, downtown, southeast, southwest, northeast and northwest areas. The article has information regarding the hype of LED …

We Need Your Help – Albertans for Housing Choice

Hello, Please find attached a request by the Calgary Residential Rental Association to complete a survey to ensure that the choice of individuals, specifically shift workers and seniors, is not taken away. “The Calgary Residential Rental Association (CRRA) has been working closely with all areas of government to ensure that fair rental market practices remain. The CRRA has created a website to address your …

So, You Wanna Be a Landlord

So, You Wanna Be a Landlord By: Trevor Davidson – President & CEO ApartmentLove.com   Interest rates are at near historic lows, there’s an unprecedented demand for rental properties and, let’s face it, being a landlord seems easy. I mean, buy the apartment, give it a good cleaning a fresh coat of paint and spot fix a couple holes in the drywall, post the …

Citysearch emphasizes the importance of carefully scre...

As reported by the CBC (article  below), Citysearch emphasizes the importance of carefully screening applicants to lease a property, short-term or long-term…. The risks are the same.  Checking previous landlord references, credit checks and confirming employment are just a few of the steps Citysearch uses to qualify an applicant to lease a property.  There are additional steps Citysearch when evaluating a proposed tenancy however, …

Tenant’s Security Deposits

Tenants’ Security Deposits – If a home is left unkempt and requires cleaning, damage by pets, broken appliances, Citysearch has a fiduciary duty to its owner to charge these expenses back to the tenant which means a reduction in the tenant’s security deposit refund.  The difficulty here lies in the fact that the tenant, owner and property manager each may view the condition differently.  …