HOA Short Term Rentals: How Should the HOA Board Manage Them?
By Mike Lautensack Saturday, March 25, 2023
As an HOA management company, one of the most pressing issues facing homeowner’s associations today is how to handle HOA Short Term Rentals. Platforms like Airbnb and VRBO have made short-term rentals increasingly popular, providing homeowners with extra income but al...
The real estate market today is quite different compared to 2020. In 2020, the market was booming due to historically low mortgage rates, high buyer demand, and a limited inventory of homes for sale. This caused many homes to sell quickly and for prices well above asking.Today, t...
HOA Rules: Why They May Seem Petty but Serve an Important Purpose!
By Mike Lautensack Wednesday, March 15, 2023
As a member of a homeowners association (HOA), it is natural to question the many rules that govern your HOA community and how some may seem petty. However, it's important to understand that these seemingly trivial rules may actually serve a greater purpose in maintaini...
Creating a Lease Agreement: Essential Terms and Conditions to Include
By Mae Franco Tuesday, February 28, 2023
Introduction A good lease agreement is like a map for legal, mutually satisfying tenancy. It outlines all the details needed to ensure that the landlord and their respective tenants enter into a contract that’s in alignment with state laws and fair to all parties involved.&...
Del Val speaks with Adam Funck from Maximus Mortgage on some great loan programs for first time home buyers. The highlights:Ties to an FHA loan, so must be able to get approved on an FHA loanMust be a first time home buyerCan receive up to 2% of 3.5% of the sales price backF...
Real Estate Investing: Self–Management versus Professional Property Management
By Mike Lautensack Sunday, February 19, 2023
IntroductionThe decision to hire a professional property manager or manage your own investment properties can be an important one. Both property management options have their advantages and disadvantages, but ultimately it’s up to each investor to decide what works best for...
A Comprehensive Guide to Property Management in Philadelphia
By Mike Lautensack Saturday, February 18, 2023
IntroductionWhen you own a rental property in Philadelphia, it’s important to know how to find the right property management in Philadelphia. You want to make sure that the agency you hire is experienced, efficient and can provide your tenants with the highest level of serv...
ZeroDeposit Program – Why Landlords Should Consider Security Deposit Alternatives
By Mike Lautensack Thursday, February 16, 2023
IntroductionThe world of renting has changed dramatically in recent years. Deposit free renting was once a dream, but it’s now an option for both landlords and tenants alike. In this post I'm going to look at what deposit free renting is and how it works, as well ...
Rent CollectionsWe at Del Val have become much more aggressive in terms of rent collectionOver the past 2 years there have been a number of COVID and rent relief agencies offering rental assistance. This meant that when tenants got behind they had a place to get rental assistance...
Why Should a Londlord Require a Tenant to Have Renters Insurance
By Mike Lautensack Saturday, February 11, 2023
Renter insurance is a type of insurance policy designed specifically for renters. It provides coverage for personal belongings and liability in case of damages or accidents in the rental property. Requiring tenants to have renter insurance has become a common practice among landl...