Property Management Blog

Rental Price Update - Rents are 16.7% Nationally and 7.6% in Philadelphia

By Mike Lautensack Friday, May 20, 2022

Rents are up 16.7% nationally for April 2022The median rent is $1,827 nationallyPhiladelphia rents are up 7.6% over the last year - 1 bedroom are up 4.1% and 2 bedroom are up 6.1%There is no end in sight for rent increases as less and less people can afford to buy a hom...

What Makes Pennsylvania a Great Real Estate Investment Market?

By Grant McDonald Monday, May 2, 2022

Over the previous 10 years, the Pennsylvania real estate market has been influenced by the same concerns that have affected the rest of the country. Inventory shortages, in particular, have pushed up costs in recent years. Fortunately, improving economic conditions hav...

Rising Rates/High Home Prices: BUY or SELL?

By Elisha Friday, April 29, 2022

Interest rates have been on the rise for the past several months. The Federal Reserve has indicated that it will raise rates at least four times this year, up to ¾ POINT! Mortgage rates have climbed over 40% since last year. How do rising interest rates effect h...

How to Keep Your Tenants Happy

By Jivko Stefanov Friday, March 18, 2022

Happy tenants are the key to a long-lasting landlord-renter relationship, and their attitude plays a big role in boosting your bottom line. This is why every property manager and landlord wants to keep them loyal to the rental unit.Good tenants pay their dues on time and strive t...

Budgeting For Exterior Home Maintenance For Your Rental Property

By Jennifer Dawson Friday, February 18, 2022

In a recent survey by Buildium, 62 percent of landlords said that property maintenance was their biggest pain point. Yet, many landlords and rental property owners (particularly those who have financed their rental property) will admit that regular and meticulous property mainten...

Snow Removal: Are you fully covered or playing snowball roulette?

By Elisha Thursday, February 3, 2022

As we head into February, we are reminded that we still have a lot of winter left in southeastern Pennsylvania. One of the greatest challenges is predicting the winter weather. Even with the best technology and weather models, meteorologists cannot fully pre...

Expert Advice on How to Finance a Rental Property

By Jennifer Dawson Wednesday, January 19, 2022

Rental rates continue to climb in Philly and across the country, which can present a limited window of opportunity for those looking to invest in a rental property. On one hand, the continuous upward spiral for house prices has meant that more people are being priced out of inves...

Are You a Good Landlord? Find out by Playing Who Wants to be a Millionaire - The Landlord Edition

By Mike Lautensack Tuesday, January 11, 2022

Are You a Good Landlord? Find out by Playing Who Wants to be a Millionaire - The Landlord Edition

Philly-Area Rents Up More Than 10% Year-To-Year

By Mike Lautensack Wednesday, January 5, 2022

Rent prices in the Philadelphia region are up 10.5% year-to-year, according to Realtor.com’s November rental data. The overall median rent is $1,748. The median rent is $1,345 for a studio, $1,693 for a one-bedroom, and 1,995 for a two-bedroom. The data includes the e...

Del Val's 2021 Results....

By Mike Lautensack Tuesday, January 4, 2022

Del Val's 2021 results... Rental Division• Collected $14,384,384 in rent (99.4% of gross rent charged) – this is during a pandemic with rent moratoriums for 9 months • Signed 240 leases • Renewed 387 leases • Pro...

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