Del Val Blog

Property Management Blog

Stimulus 3.0.... No Evictions Until October!

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 SeptemberIncreasing the federal minimum wage to $15 per hourExtending the ...

Del Val Property Management 2020 Results!

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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 applications we received were eligible to be approvedAdded 81 ...

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

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:Does the property show well while the property is occupied? T...

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

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 also include direct payments of $600 to each adult and child e...

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

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. Addition...

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

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 governing documents. You will quickly find out the things you ...

Rental Price Report for November 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!

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 clients and residents.We set up a webpage to help residents wit...

Drain Clogs and How Owners Can Protect Themselves

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 other than toilet paper should be flushed. Wipes remain inta...

How to Turn Your House into a Rental Property Paradise

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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 need to live on a tropical island to transform your home int...

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