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 earning interest on these funds each and every month. Additionally, if you want to let your rent payments build up within in your account you will receive 3% per annum on any monies held by Del Val at the end of each month.
Del Val understands your real estate investments need to work hard and give you a return on your investment. Now your idle cash will also be working hard and providing a return on your capital.
We are not aware of any other property management company in the country that is currently offering interest on reserve funds. We believe this will continue to separate Del Val from other property management companies and allow our owners to benefit from this exciting new feature to our management programs.
In addition, we will try to increase the 3% interest rate over the next few months as we get a better understanding on how many owners will be participating in this feature and how we can further streamline the program to get more money back in your hands.
If you are not currently a Del Val client but would like to hear more about our property management programs please go to our website at https://www.delvalproperty.com/philadelphia-property-management