Condominium Management    Residential Management    Properties for Rent
Canmore: 403.678.3000   Calgary: 403.290.1912   


Condominium Management

Our Professional Team can provide a complete set of condominium services including operations.

Residential Management

Asset West provides attention to all client/ tenant-related calls, maintenance and repairs including emergencies.

Rental Properties

Browse our list of furnished and unfurnished rental properties.


Welcome to Asset West Property Management.

Serving our clients and bringing professional, cost effective, and personalized management to your condominium or investment property. Headed by CPM®(Certfied Property Manager), CMOC (Certfied Manager of Condominiums) our team is your team, from the start to the finish. Whether your property is a single investment property, a 4 unit condominium complex, or an apartment building or a 255 unit plus condominium complex, why not have the Asset West team on your side.

Did you know...We are the only Canmore/Banff firm with a CPM and CMOC. We were the first Canmore/Banff firm to bring full website advertising of rental properties. We were the first Canmore/Banff firm to bring you "condominium documents online"!

In The News:


 
Spring/Summer Property Inspections
Friday, May 04, 2012
Our annual spring/summer property inspections are now being scheduled.  Proactive management for condominiums and investment property!
New Rental Property!
Friday, May 04, 2012
Asset West is pleased to present Unit 207, 106 Stewart Creek Landing in Canmore Alberta for rent!  A luxury style 3 bedroom apartment, for more details please visist the rental section of nour website, or call Dave Palmer at 403.678.3000 for your personal showing.
Lawyer Responds to Reserve Fund Funding Question
Monday, March 05, 2012
Here is an article from the Calgary Herald that i think may will find insightful: Condo owner questions loan bid: By Robert Noce, For Postmedia NewsFebruary 25, 2012 Question: Our condominium board is seeking a large loan to pay for repairs, some necessary and some unnecessary. There are no estimates for the work to be done, just estimates from the company that did the 10-year replacement schedule. The cost of the loan will be over $30,000 for each unit. Can we do anything about this? Answer: Every condominium corporation in Alberta is required to obtain a reserve fund study to identify what needs to be replaced or maintained during a period of time, and allow the condominium corporation to generate sufficient funds through its monthly condominium fees for those eventual repairs or maintenance costs. Your question suggests that your condominium corporation has done a poor job in preparing for future needs and does not have any reserve fund money available to pay for these future repair and/or maintenance costs. It is possible that your monthly condominium fees are too low. The condominium corporation is required to maintain and repair its property. Therefore, if the reserve fund study has identified certain things that need to be done, the condominium corporation will have to proceed with the repairs and/or maintenance. If the condominium corporation does not borrow the money, the only alternative is to levy a special assessment on each owner. As well, it is important to review your bylaws to determine what borrowing powers the condominium corporation has in these types of situations. Finally, I trust the board will follow a process in which they will get bids for the various projects to ensure that the owners are getting value for their money. Helpful Hint: It is imperative for condominium corporations to set monthly condominium fees at a point where the money collected will not only cover day-to-day operations, but will also enable the condominium corporation to put some money aside for future needs. Although from a marketing perspective it is attractive to have low monthly condominium fees, if those fees fail to meet both current and future needs, then nobody wins. Robert Noce, Q.C. is a partner with Miller Thomson LLP in Edmonton. He welcomes your questions at condos@edomontonjournal.com. Answers are not intended as legal opinions; readers are cautioned not to act on the information provided without seeking legal advice on their unique circumstances. © Copyright (c) The Calgary Herald
Considering Buying An Investment Property?
Monday, January 16, 2012
Are you considering buying an investment property? Looking for information on leases, and rents? Please feel free to call Dave Palmer or Darren Potter, part of the Asset West advantage!
Alberta Fire Code, Fire Extinguishers, Did You Know?
Monday, January 16, 2012
As buildings age, and components are in need of replacement, an often over looked or unconsidered item is often the "replacement" of the extinguishing agent in dry chemical fire extinguishers. As per the Alberta Fire Code, ref #6.2.1.1., replacement is required every 6 years. For more information, you may wish to consult the Alberta Fire Code.
Trailside Lodge Condominium!
Wednesday, December 28, 2011
Asset West Property Management is proud to announce that Trailside Lodge has now joined the Asset West portfolio! Thank you for your trust in us, we look forward to working with you! Trailside Lodge is a luxury condominium with underground parking, elevators and a full amenities building which includes a heated pool!
Asset West welcomes ELEMENTS condominium!
Monday, November 21, 2011
Asset West Property Management is proud to welcome the luxury condominium ELEMENTS into the Asset West portfolio! Thank you for your trust in us, we look forward to working with you!
Remembrance Day
Thursday, November 10, 2011
We hope everyone will take a moment to stop and think, stop and remember, stop and be thankful for all those who have given so much for us, not only in the past, but also today as many Canadian soliders continue to fight and defend democracy. Giving and placing their lives in harms way every day for us, so that we may live and we may enjoy our lives. In todays world of video games and internet, we can become easily removed from the real effects of war, as it all seems so far away...but let us not forget that these events were and are real. The soliders who have gone to fight and defend us are not only Canadians but sons and daughters, and mothers and fathers...they are giving themselves for us. Let us remember and be thankful, always. Please take a moment and be thankful.
Trailside Lodge Executive Rental
Friday, November 04, 2011
Asset West is proud to announce a new Trailside Lodge executive rental listing! Complete with the Trailside Club: Gym, Pool etc! Please see our Properties For Rent section for more deatils!
Seasonal Rental Property Inspections
Tuesday, November 01, 2011
Did you know the Asset West team inspects every rental property on a regular basis! Our current round of inspections is well under way, with a copy of our inspection report to be provide to our clients with their November Operating Statements. Our inspection not only help to address any minor maintenance items before they have the possiblity of becoming bigger and potentially more expensive, they also allow us to see how our clients tenants are living and taking care of the property.
Property Not Selling? Considering Renting It Out?
Monday, October 03, 2011
Is your property currently listed for sale and not selling? Are you considering renting it out to assist with covering your carrying costs, or perhaps you are now looking at your property as a Real Estate investment and are now considering holding on to it for another 2 to 5 years (or longer). Real Estate investments are typically long term, and depending on who you speak with, the general rate of residential property appreciation can be anywahere from 3.5% to 10% per year, depending on the location and current market conditions. This coupled with rental revenue, and the paying down of the mortage by use of the monthly rent can increase your overall return on investment significantly. Just think, in 3 years (as an example), your property appreciates at the lower end, lets say 3.5% (still far better than any bank has offerred in the last 2 years), plus your mortgage was also paid down with 3 years of payments (all from your rental revenue). While there may be a few minor hick hups along the way, such as a month of vacancy here or there, or a minor required repair, these can be minimized with proper and professional marketing and management by a professional property management firm such as Asset West. With any investment there will always be ups and downs of some sort, our job is to try and minimize and remove them, to allow the owner the ability to rest easy knowing they and their investment are well looked after. And when the time to sell reappears, we work with both your Realtor and your tenant to facilitate a smooth process.
New Rental in Serenity Ridge!
Friday, September 09, 2011
Asset West Property Management Ltd. is proud to offer another Serenity Ridge property for rent! Beautiful and spacious 1 bedroom plus Den, Wood Floors, granite counters, Stainless Steel Appliances, Fireplace, Undergournd Heated Parking, and an easy access Elevator serviced building! Call Dave Plamer, our Canmore Residential Property manager for more information or to book your showing! 403.678.3000.
Managing the Risks of Board Responsibility for Deficiencies in the Common Property
Saturday, September 03, 2011
I came across this article some time ago, written by a well known and respected real estate lawyer in Calgary, Richard John..... A Board of Directors of a condominium corporation is, with some limited exceptions, responsible for the common property located within their condominium project. This obligation is created both pursuant to the Condominium Property Act (Alberta) and the bylaws of the condominium corporation. When concerns arise with elements or aspects of the common property it is prudent for the Board of Directors, usually through the assistance of the condominium corporation's property manager, to have a third party contractor assess the elements and aspects of concern. It is best if the contractor who provides the report is not also offering to do any required work and perhaps quoting on doing the work. The addition of the prospect of being hired to do the work creates can create a conflict of interest and can lead self interested contractors to exaggerate the conclusions reached simply to scare the Board of Directors into hiring the contractor. When an independent contractor inspect the elements and aspects of concern in the common property the contractor will usually produce a written report or summary of the results of the assessment. The third party contractor report will often include recommendations in respect of steps which could or should be taken to deal with the elements of the common property which are of concern. The provision of the report by the contractor provides knowledge to the Board of Directors. This transition from a Board of Directors with a concern about the common property to one with knowledge of a deficiency usually brings with it a concomitant obligation. That is the Board of Directors must follow the recommendations in the report or they run the risk that they have breached their fiduciary duty which they owe to the owners in the condominium corporation. If the Board of Directors acts on the recommendations and remedies the deficiencies then the obligation of the Board of Directors has been satisfied. However, what happens if the Board of Directors ignores the recommendations and does nothing to remedy the deficiences? The recent case of Guenther v. The Owners, Strata Plan KAS431 out of the Supreme Court in British Columbia demonstrates this dynamic well. The failure to follow the recommendations could give rise to the Board of Directors and individual Directors being sued by owners or mortgagees. In this legal action the report of the third party contractor is required to be disclosed by the Board of Directors and forms the basis of the evidence which supports the allegation of breach of fiduciary duty. In this regard the report is usually discussed at a meeting of the Board of Directors and the Minutes of that meeting will usually make reference to the report. This process of receipt by the Board of Directors and reflection in the Minutes creates a record, available to all owners and mortgagees, that the Board of Directors are now aware of the deficiencies with the common property. It is not prudent for a Board of Directors to put themselves in this situation. In legal actions the obligation to disclose documents is limited if a document is protected by privilege. For those of you interested in exploring privilege beyond the scope of this blog entry you may wish to review the recent report prepared by Adam Dodek B.A., J.D., LL.M., of the University of Ottawa for the Canadian Bar Association. One of the types of privilege which would be helpful to a Board of Directors is to retain the third party contractor to assess the elements and aspects of the common property in contemplation of litigation. This form of privilege is associated with the general proposition that consultation by a client with the client's lawyer is protected communication. To come within this type of privilege the Board of Directors should consult with a lawyer about the potential legal issues related to the elements and aspects of the common property of concern. Following from this the Board of Directors should instruct their lawyer to retain the third party contractor on behalf of the Board of Directors. The third party contractor then delivers the report to the lawyer. The lawyer in turn provides the report to the Board of Directors. When the report is discussed at the meeting of the Board of Directors this context is clearly stated in the Minutes and the Board would be wise to go in camera (that is off the record) to discuss the report. This minimizes the reference to the report in the Minutes and makes it clear that the Board of Directors will be treating this report as privileged. The result of this process and treatment is that the Board of Directors can argue that the report need not be disclosed if litigation is commenced from a failure of the Board to remedy the deficiencies. Moreover, the protection of the document allows the Board of Directors to respond to the recommendations in a more orderly manner rather than becoming panicked by strong recommendations of the third party contractor or even worse by a self interested contractor. In situations where there is a possibility that a Board of Directors will not follow or not follow the recommendations provided by an independent contractor in a timely manner, Directors and Boards of Directors would be wise to consider retaining a lawyer to do their best to cloak the production of the contractor's report under the privilege of the report being made in contemplation of litigation
Varsity Estates Condominium
Monday, August 08, 2011
Asset West Property Management is proud to be appointed the condominium managers of Varisty Estates! Thank you for your trust in us, we look forward to meeting and exceeding your condominium management expectations!
 



Blog Entries



Montane Village
$825/mo.

Sunny one bedroom one bath with upgraded flooring. Open plan kitchen and living room  - over sized fridge, stove, dishwasher. Assigned parking and storage locker with coin laundry on site. Rent includes heat! This popular building is within walking d...

Serenity Ridge - 3 Sisters
$1625/mo.

Brand new from the builder this luxury 3 bed 2 bath condo apartment has it all. From the foyer to the open plan kitchen dining & living room attention to detail is clear. Granite counter tops, self closing cabinetry, s/s appliances and center island i...

Serenity Ridge - 3 Sisters
$1595/mo.

Brand new from the builder enjoy this 2 bedroom plus den, 2 bath luxury unit with 6 appliances. This corner end has plenty of light with windows on 2 sides. Craftsmanship is evident in the open plan kitchen, dining & living room. Engineered woo...

Bright, Modern Apartment!
$1395.00/mo.

Bright, modern apartment, located in trendy Mission district! 1 bedroom, 1 bathroom, stainless steel appliances, 5 appliances, south facing patio and off street parking.

...











Copyright 2010 Asset West
About Asset West | Our Team | Online Forms | Contact Us | Links