Race Real Estate
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Condominium Management 

We, with partner WMGI, setup systems the condo board can own,
control and be involved in themselves as needed.
​
No power struggles for transparency and accountability.

We do NOT charge a percentage on top of projects or maintenance, if the task is large and needs support
​we will come to a separate agreement on a rate based on the task or use a third party project manager.


Pricing and Services

Option 1: Accounting OR Management $10/unit/month.
The minimum monthly charge is $1000
  • Condo fee collection
  • Bank reconciliation
  • Accounts Payables and Receivables
  • Reports

Option 2: Accounting AND Management $21/unit/month.
The minimum monthly charge is $1250)
Everything in Accounting Only plus:
  • Contract & maintenance delegation
  • Owner/occupant communication via email notices
  • Legal administration assistance by a Broker or CPM 
  • Planning assistance for assessments, by-laws, insurance, etc

Add ons: Other Optional Services or One-time Charges.
  • Payroll: $250/mth per employee​
  • Board meetings will be $250/each max 2 hours included.
  • Site inspections negotiable
  • ​Dedicated phone line programmed to preferred contractors and board email (price varies)

Note: the board can do their own site inspections and we will handle notifying occupants of non compliance for no additional charge.

Designated operating costs (things the condo pays for) are things we pay for and/or supervise on behalf of the condo corp but remain with the condo corporation if we were to cease managing on behalf of the condo corp and are paid for by the condo directly or through us. Examples are:
  • condo site staff such as cleaners or live in managers
  • computers, filing, software or software subscriptions, backups, etc
  • security systems
  • hourly charged tasks (optional) such as designated on-site availability, meetings
  • key, fob, remote & parking management systems
  • minute preparations: recordings provided to third party transcription services
  • 24/7 Tenant or Occupant Customer Service System
  • Emergency Response Dispatch
  • community website to help occupants with Rules, Information, Notices and submitting non-emergency requests. (have a look at the fully customizable demo at condodemo.com  We also offer ultra simple sites for a flat $100/mth
  • You choose your own contractors (if you want to)​
Optional: Rental Pool
Optional: Commercial Leasing

No startup fees
Advertising is direct billed, no markup.  Owner input on advertising is welcome.
If the unit is vacant there is no fee.
Leasing fee is negotiable but begins at 6%, paid monthly instead of up front
Management fee is 3% of rent received paid monthly but monthly min is $150

In person by appointment only.  Addresses are for mailing or drop off purposes only. 

Race Real Estate Inc
200 Carnegie Dr
Suite 200 in the NABi building
St. Albert, Alberta
T8N 5A7
Toll Free 1 (888) 866-8848

[email protected]
edmonton
@racerealestate.com
[email protected]

​Note: customer service is open 24/7 but leasing is only open Mon-Sat and mostly evenings.
  • Home
  • Management
    • Landlord FAQ >
      • How To Price Your Rental
      • Pre-Screening Applicants
    • Rental Service Agreement
    • Pre-existing Tenant Setup
    • Pricing
    • CallMyProperty.com
    • Commercial Leasing
    • Condominium >
      • Condo PAD Form
    • Job Permission
    • One Time Payment
    • Edmonton Office
    • Fort McMurray Office
    • Calgary Office
    • News
  • TENANTS
    • Move Out SD
    • Notice of Landlord
    • Utilities
    • Tenant Fee Schedule
    • Edmonton Leasing Dept
    • Fort McMurray Leasing Dept
    • Calgary Leasing Dept
  • Apply Now
    • Fort Application
    • Edm Application
    • Calgary Application
  • Insurance
  • MAINTENANCE
    • Fort McMurray Maintenance
    • Edmonton Maintenance
    • Calgary Maintenance
  • Contact Us
    • Policies & Procedures
    • Terms
    • Rules
  • Inspect
  • Blog