Del Val Blog

Property Management Blog

Del Val Property Management 2020 Results!

Del Val Property Management 2020 Results!

Rental Division

  • Collected $12,200,410 in rent  (96.2% of gross rent charged) – this is during a pandemic with rent moratoriums for 9 months
  • Signed 292 leases
  • Renewed 341 leases
  • Reduced vacancy rate by 4.1% - again during a pandemic
  • Processed 732 applications - 50% of the applications we received were eligible to be approved
  • Added 81 new clients with 249 units
  • Received 280 leads inquiring about hiring Del Val
  • Our average owner stays with Del Val for 58 months (4.8 years)
  • Implemented a Resident Benefit Program with numerous benefits for tenants
  • Implemented our ZeroDeposit Program where tenants, that qualify, do not have to put the normal 2 months security but can pay a small monthly fee
  • Starting in 2021 Del Val will be paying our owners interest at 3% per annum on their reserve funds held by Del Val 

HOA Division

  • We added 15 new communities under our management
  • We added 913 doors under management

Sales Division

  • Del Val closed 14 sales transactions
  • Gross sales dollars were $3.4 million

Website/Social Media

  • Delvalproperty.com  had over 181,000 pages views and over 51,000 new visitors to our site
  • We had 11,288 views of our videos on Youtube.com with 388 hours of watch time
  • We had 303 tweets with 48,000 views