We are opening an office in Red Deer to support our owners and tenants better.  Please excuse the mess, we are in the process of doing the final touches.  The office opens August 22, 2011.

The office is located at:

#10 upstairs, 7895 - 49 Avenue

Red Deer, AB T4P 2B4

Phone: 403-314-4974

Fax: 403-348-0553

The office hours will be Tuesday to Friday 9am to 1pm.  Open First and Last business day of the month: 9:00 a.m. to 5:00 p.m.

I am very excited to announce that Magnum has entered into an agreement with All In One Property Management to take over management of majority of their portfolio of residential and commercial rental properties.  The agreement becomes effective August 20th, 2011.

About All In One Property Management.

All In One is located in Blackfalds and has been serving Red Deer, Blackfalds and Lacombe for over 20 years.

Lately we have been a lot of calls from investors who would like us to manage their houses with secondary suites.  We have no problems managing properties with basement suites as long as the suites following Alberta Building code.  We don't manage any secondary suites (any suite for the record) that doesn't meet the code.

The City of Calgary has put together two great brochures about what is required.

City Of Calgary Getting started with secondary suites

I came across this article from Don Campbell, the President of the Real Estate Investment Network™, and Cutting Edge Research Inc. in Business Edge paper May 6 edition.  It explains the future of the Alberta market and the theory applies to every market in the world.

You can find the article on the archive section (http://www.businessedge.ca/archives/archive-pdfs.cfm) of Business Edge, May 6, 2011 and on Page 23 of the PDF.

Also a similar post from Don Campbell can be found on his website. http://www.donrcampbell.com/this-past-weekend-changed-my-thinking-about-alberta-real-estate

If you haven't read anything by Don Campbell, he is an amazing researcher and author.  His book "Real Estate Investing in Canada version 2.0" is a great book for beginner and experienced investors.  I recommend his book to all of my friends who want to get involved in real estate investing.

CMHC released their bi-annual rental reports.  Here are the links.

For the Alberta report: https://www03.cmhc-schl.gc.ca/catalog/productDetail.cfm?lang=en&cat=59&itm=17&fr=1310487879812

For Calgary only: https://www03.cmhc-schl.gc.ca/catalog/productDetail.cfm?lang=en&cat=79&itm=41&fr=1310488095247

For Edmonton only: https://www03.cmhc-schl.gc.ca/catalog/productDetail.cfm?lang=en&cat=79&itm=43&fr=1310488124754