Del Val Blog

Property Management Blog

National Rental Rates up 11.5% - Rental Rate Increases are at a all time high for the last year!

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Rents are up 11.5% nationally for the last yearThis is the first month on record where rent growth has reached double digitsMonthly rent growth is now 1.6% per monthRent growth now outpaces home price growth of 8.6%The median rent was $1,633 nationallyThis translates to an additional $169 per month for renters. Compared to ...

Consider These Factors Before Making Your Move to Philadelphia

Moving to a new city can be complicated. It's a huge decision to make, requiring both physical and mental preparation. Many people think about relocating to Pennsylvania. Philadelphia, in particular, is popular for its relative affordability, ease of transportation, and abundant green space, among others. Do you want to start ane...

Navigating the Resident Portal

After receiving many questions relating to paying fees online, accessing HOA documents and forms, and how to contact the manager of the community, I have decided to put together this brief, yet detailed, tutorial on how to navigate the resident portal. Just about everything relating to your community and account can be done online, so let...

HVAC Mistakes that Property Managers Make in Philadelphia

There are plenty of ways to lose when it comes to HVAC systems in Philadelphia. That’s why it’s important to be aware of mistakes that HVAC managers make. Read this quick list of HVAC mistakes that property managers make in Philadelphia to help you save money in the future:Failure to Replace Air Filters RegularlyReplacing...

Fire! What Now?

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Fire. It’s a natural disaster that can happen for any reason.  What steps need to be taken during and after a fire or other disaster hits your house or building?  Even before the unexpected occurs, what should you do to prepare yourself?The number one priority is safety.  Buildings and possessions are replaceable, bu...

Update: Rental Rates up Over 10% and Real Estate Prices up 18%

Rental rates continue to accelerate and are up over 9% for 1 bedroom and 11% for 2 bedrooms.  Real estate prices are also moving much higher and single family homes are up over 18% nationally.  It continues to be great time to be a real estate investor.

What is Your Time Worth? Hire vs DIY!

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If you have a rental property or are an investor with several units/properties, it can be financially rewarding. You may have also discovered (or will discover) that property management requires a lot of time, commitment, and effort. These reasons are why people choose to hire a property manager. Others want to manage the property on the...

Section 8: Don't Hate

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Interested in dipping your toe in the section 8 pool? Understanding the process is the first step.Section 8, what is that? Sometimes it gets a bad rap, but it’ s a federal program that allows private landlords to rent properties at a fair market rate to qualified, low-income tenants. It is funded by the U.S. Department of Housing a...

Del Val Tech Toolbox

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When thinking about what makes a property management company successful, one will often hear mention of a company’s ability to follow market trends, property improvements, knowledge of the ever-changing legal landscape and more. While these are all extremely important, what is often over-shadowed is the ability to keep up with new ...

Moratorium and Money

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VLOG Moratorium & MoneyThe eviction moratorium for the nation expires at the end of July and will not be extended.  There is still help for tenants through the Emergency Rental Assistance Program (ERAP). The ERAP has $569 million in housing aid with an additional $278 million in federal relief totaling $847 million for renters an...

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