Property Management Blog

New legislation changes the Lead Paint Swipe Rules in Philadelphia

By Mike Lautensack Wednesday, February 26, 2020

Most landlords are aware that Philadelphia requires a Lead Safe Certificate for all rentals that were built pre-1978 that have a tenant(s) with a child that is 6 or under. But the rules are changing.Beginning October 1, 2020, landlords will be required to test and certify r...

4 of The Most Expensive Rental Repairs and Best Ways to Avoid Them

By Mike Lautensack Thursday, October 24, 2019

If you own or manage a property, you know that at least part of your rental income needs to be reinvested into the home, condo, or apartment on a regular basis. Maintenance, upkeep, and replacing things is just part of property ownership. However, there’s an entirely separa...

How is Financing a Rental Property Purchase Different Than a Primary Residence?

By Mike Lautensack Monday, May 7, 2018

How is Financing a Rental Property Purchase Different Than a Primary Residence? Financing a rental can be much different from financing a primary residence. Home buyers who understand and anticipate the difference between these two purchases can prepare in advance to buy the ho...

Should Landlords Accept Tenants With Pets?

By Mike Lautensack Sunday, March 25, 2018

One of the interesting discussions I have with property owners is about pets and whether they should accept them. It is a hot topic, so I thought I would lay out the pros and cons and some of the things you can do to offset the potential risk of accepting pets.60% of Americans Ow...

May Seminar

By Mike Lautensack Sunday, March 11, 2018

May Seminar

Why Should Landlords Increase Rent Every Year?

By Mike Lautensack Sunday, February 25, 2018

Do you own an investment property? And if so have you raised your rent every year?When I get hired by new clients or someone's thinking of hiring us, the topic of rent increases often comes up.  I learn they have not raised their tenant’s rent for a couple of years, 1...

Why the Del Val Lease is Pro-Owner versus Pro-Tenant

By Mike Lautensack Wednesday, January 17, 2018

One of the questions I get asked a lot from owners, or even potential owners, is about our lease. We have a lease that we've been using for over 15 years now and have been constantly improving and fine tuning to protect our owners. We have used our lease for over 4,000 lease ...

Should I Consider Renting to Section 8 Tenants?

By Mike Lautensack Tuesday, January 2, 2018

I am often asked about Section 8 and whether a landlord should consider renting to someone with a Section 8 certificate. They want to know if they should accept these tenants, what kind of rent they might get, and what are some of the pros and cons of this program.  Quite often...

Time Management

By Mike Lautensack Thursday, November 16, 2017

Time Management "Excellent time management skills" has become a key phrase in the business world. Many good resumes contain this catch phrase. Job interviewers will ask how you manage your time. Knowing what to say and how to implement ti...

How to Simplify Accounting Statements for Rental Property Owners

By Mike Lautensack Thursday, June 8, 2017

It is very important that rental property owners understand the activity in their account each month. This is, after all, their money and they should feel confident that their property management company is portraying to them an accurate and easily read accounting of where their ...

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