Del Val Blog

Property Management Blog

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...

Real Estate Investors: Is this the best real estate market EVER!

Home prices are surging and up over 20%Days on market are down by over 50% in last year.Homes for sale are way down and inventory of homes is very lowRental rates are up about 5.5% in last year and accelerating higher.Mortgage rates are low at 3.05% and Fed will keep low for years to come.People are able to work virtually and can now move...

Phase 4 Rental Assistance Update - Del Val Property Management has Collected $206,718 so far!

Del Val has collected $133,305 in Philadelphia rental assistance money.We have collected $73.413 in Delaware County.Total collected $206,718.

National Rental Prices Starting to Explode Higher!!! Philadelphia Rents up 5.65%

National Rents are Moving HighNational rents are up 2.3% in May versus AprilNational rents are up 5.4% in May versus last MayRents have increased 3 straight months and are accelerating higher?Philadelphia is even better at 5.65% in May versus last MayWe are recommending Landlords increase rents at lease 4% and maybe even 5%...

Raising the Rent~ But WHY?

There are many reasons why raising the rent every year is the best thing for you and your property. Unfortunately, for whatever reason, owners are often hesitant to raise the rent especially for those who are "good tenants". There are three significant reasons why raising the rent is a great idea. 1. Inflation, cost of livi...

Supplies and Lumber On The Rise

Many people bought new homes during the pandemic due to low interest rates, the ability to telecommute, and needing a space to do the work. Lumber became more and more expensive. The National Association of Homebuilders (NAHB) found that that price of an average home has increased by over $24,000!  Zonda, a housing data platform, fou...

Renters Insurance: It's all in the paperwork

Picture this: a fire breaks out in a property. The tenants are displaced, and their stuff is ruined. Accidents do happen and, in the case, above, a renters insurance policy would help the tenant with their belongings AND hotel accommodations with no cost to the owner. Theft, water damage, fire and vandalism are risks that can be mitigated...

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