Property Management Blog

Stimulus 3.0.... No Evictions Until October!

By Mike Lautensack Monday, January 18, 2021

Here’s what is included in Stimulus 3.0:Direct payments of $1,400 to most Americans, bringing the total relief to $2,000, including December’s $600 paymentsIncreasing the federal, per-week unemployment benefit to $400 and extending it through the end of SeptemberIncre...

Del Val Property Management 2020 Results!

By Mike Lautensack Monday, January 4, 2021

Rental DivisionCollected $12,200,410 in rent (96.2% of gross rent charged) – this is during a pandemic with rent moratoriums for 9 monthsSigned 292 leasesRenewed 341 leasesReduced vacancy rate by 4.1% - again during a pandemicProcessed 732 applications - 50% of the ap...

Del Val Property Management Will Start Paying Interest at 3% Per Annum on Reserve Funds as of Januar...

By Mike Lautensack Wednesday, November 25, 2020

Del Val Property Management, LLC (“Del Val”) is excited to announce that starting January 1, 2021 we will be paying interest to owners on their Available Fund Balance at a rate of 3.0% per annum. For example, if your reserve requirement is $500 you will now be ea...

Seven Things all HOA Board Members Need to Know About Being Board Member!

By Mike Lautensack Tuesday, November 17, 2020

Here are some tips for quickly, productively, and successfully getting up to speed and operating as a board member:#1 Read Your Governing Documents - The best way to quickly learn how your association works is to read your covenants, By-Laws, Rules & Regulations, and other go...

Rental Price Report for November 2020

By Mike Lautensack Monday, November 9, 2020

Rent prices are down by about .5% for last month on a national level and .6% in Philadelphia – we continue to see movement out of the large cities and rental prices soft

The 10 Things Del Val Property Management has done during the Pandemic to Improve our Services!

By Mike Lautensack Monday, October 26, 2020

During this very difficult time, Del Val Realty & Property Management has been working hard to get better and improve our services to our owners and residents. This a list of the 10 things we have been doing to improve our services and become a better company for our cli...

Evictions on Hold until December 31

By Mike Lautensack Thursday, September 3, 2020

Late Tuesday afternoon, the Centers for Disease Control and Prevention (“CDC”) filed an order that halts evictions until the end of the year. The order will take effect Friday, September 4. The order applies to renters who swear under penalty of perjury that the...

The Top 3 Reasons Why We Use Property Meld to Help Our Residents with Maintenance Requests

By Mike Lautensack Sunday, August 16, 2020

We know from years of experience that one of the top complaints of tenants is getting maintenance done and getting it done in a timely manner. The old model still used by most property managers is a phone number where tenants call and get a voicemail message. They might get a cal...

Rent Price Update: One Bedroom Rents up 15.3% in Philadelphia!

By Mike Lautensack Thursday, July 30, 2020

On a national level rent prices are up 1% for one-bedrooms to $1,229 and up 0.8% for two-bedroom to $1,485. But in Philadelphia one-bedrooms are up an astounding 15.3% to $1,510 and two-bedroom are up 2.5 to $1,750.Please watch this update.

What Every Landlord Needs to Know About Evictions during Covid-19 Pandemic

By Mike Lautensack Thursday, July 16, 2020

Last evening, we did a virtual seminar for our clients with an update on doing evictions under the COVID-19 environment.Our speakers were Maryann Brennan, Del Val’s Rental Division Director, and Alin Bilc, Del Val’s Business Development Director.Learn all th...

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