Edmontons Black Triangle

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Edmonton’s Black Triangle Eating Real Estate Investors Alive Chris Davies www.chrisdavies.ca

description

A presentation given to the Okanagan Millionaire Real Estate Investment Club (OMREIC) April 14th, 2009. I talked about:Edmonton's Black Triangle (http://www.chrisdavies.ca/2008/06/the-black-triangle-of-east-edmonton/)- Why Edmonton is the best place in Canada to invest in real estate.- Edmonton's Goldmines and Land Mines- Managing from a distance - Edmonton's Property Management Scene

Transcript of Edmontons Black Triangle

Page 1: Edmontons Black Triangle

Edmonton’s Black Triangle

Eating Real Estate Investors Alive

Chris Davies

www.chrisdavies.ca

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Why Edmonton

The Black Triangle - Goldmines and Landmines

Long Distance Management

Professional Property Management

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Alberta CanadaUnemployment rate 5% 7%73,391.00Average monthly rent $815.00 $819.00

Average personal income $33,558 $ 29,173

Job employment rate 68% 62%

University/College Grad 19.22% 16.80%

Source: RBC Community Corner

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Basements and Garages

Leasing

Trades

Tenancy Issues

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Single Family Property Managers

Bermont Realty (St Albert)Bella ManagementBlue Print Property

ManagementDavies Management* Economy ManagementEsquire ManagementInland Property ManagementKelly ManagementKeywest ManagementKirkside Real Estate

Libertas Property Management

McCrea ManagementMilligan RealtyRealty Canada IncRealty CorpOakwood Management (Ft.

Sask)Oxford and AyreRedford ManagementTRC Management (Spruce

Grove)York West Asset Management

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Edmonton Property Managers

Potential Red Flags

Check with RECA for a licensed Broker

Check References and BBB Listings

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More reading

http://www.nuwireinvestor.com/howtos/how-to-keep-your-property-manager-productive-52601.aspx

http://www.chrisdavies.ca/2008/02/three-reasons-to-put-the-phone-down-instead-of-calling-your-property-manager-and-one-great-tip/

http://www.chrisdavies.ca/2008/05/need-a-property-manager-10-tips-to-land-the-best/

http://www.brentdavies.com/property-management/questions-for-new-property-managers