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...

Landlords: Why Your Apartments Need to be Rent Ready to show to New Tenants.

By Mark Furia Wednesday, December 30, 2020

Aside from the obvious COVID Heath and Legal issues, showing a rental property home while occupied is not always a good idea.It’s a natural reaction for an owner to want to get their property on the market right away, but here are some things to consider before doing this:D...

Stimulus Bill Update – There is good news and Bad news….

By Del Val Realty & Property Management Monday, December 21, 2020

Yesterday congress came to an agreement and is expected to pass the new stimulus bill. It will contain some good news and some bad news Good news – The bill will include $25 billion in rent relieve programs for tenants that are behind on rent payments. It will al...

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...

Drain Clogs and How Owners Can Protect Themselves

By Elisha Heebner Monday, October 19, 2020

Release the FlushCorona has changed many of our buying habits and that includes tenants. Flushable wipes have been a huge selling point and because the term "flushable" is used- tenants and owners alike have been flushing these and causing major issues. No product ...

How to Turn Your House into a Rental Property Paradise

By Agostina Chemello Thursday, October 15, 2020

Renting out your home to guests is an awesome way to meet new people, host travelers from all over the world, and boost your income. Whether you want to rent out your entire house or just a single room, this venture can be a great way to bring in some extra cash. You don’t ...

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