Property Management Blog

Expert Advice on How to Finance a Rental Property

By Jennifer Dawson Wednesday, January 19, 2022

Rental rates continue to climb in Philly and across the country, which can present a limited window of opportunity for those looking to invest in a rental property. On one hand, the continuous upward spiral for house prices has meant that more people are being priced out of inves...

Are You a Good Landlord? Find out by Playing Who Wants to be a Millionaire - The Landlord Edition

By Mike Lautensack Tuesday, January 11, 2022

Are You a Good Landlord? Find out by Playing Who Wants to be a Millionaire - The Landlord Edition

Philly-Area Rents Up More Than 10% Year-To-Year

By Mike Lautensack Wednesday, January 5, 2022

Rent prices in the Philadelphia region are up 10.5% year-to-year, according to Realtor.com’s November rental data. The overall median rent is $1,748. The median rent is $1,345 for a studio, $1,693 for a one-bedroom, and 1,995 for a two-bedroom. The data includes the e...

Del Val's 2021 Results....

By Mike Lautensack Tuesday, January 4, 2022

Del Val's 2021 results... Rental Division• Collected $14,384,384 in rent (99.4% of gross rent charged) – this is during a pandemic with rent moratoriums for 9 months • Signed 240 leases • Renewed 387 leases • Pro...

How to protect your packages from Porch Pirates

By Elisha Heebner Friday, December 17, 2021

The pandemic has led to a phenomenal surge in online shopping which means that home deliveries of goods from groceries to electronics and other items has skyrocketed. Of course, this has also led to an increase on thefts of home-delivered items which are not well secur...

Home and Apartment Rent Prices: Will They Increase in 2022?

By Mike Lautensack Friday, December 17, 2021

We have seen rental prices jump over 10% in 2021. And now we expecting to see rental prices increase 7.1% in 2022.

CHANGING THE GOVERNING DOCUMENTS OF A HOMEOWNERS / CONDO ASSOCIATION

By Elisha Heebner Thursday, December 9, 2021

I often get asked by an Association’s Board (the “Board”), how can we change our governing documents, including the Rules and Regulations, By-Laws, and Declaration.Before I address these questions, let us define what the governing documents are and what they con...

Zillow’s iBuying Failure: What are the Lesson Learned Every Real Estate Investors Needs to Know!

By Mike Lautensack Tuesday, November 23, 2021

Zillow iBuying Program FailureThis month real estate portal Zillow announced they would lay off 25% of the workforce and shut down their iBuying arm after taking millions in losses.LessonsReal Estate Prices - They had a hard time predicting prices – did not buy enough homes...

National Rental Rates up 11.5% - Rental Rate Increases are at a all time high for the last year!

By Mike Lautensack Monday, September 20, 2021

Rents are up 11.5% nationally for the last yearThis is the first month on record where rent growth has reached double digitsMonthly rent growth is now 1.6% per monthRent growth now outpaces home price growth of 8.6%The median rent was $1,633 nationallyThis translates to...

Consider These Factors Before Making Your Move to Philadelphia

By Mike Lautensack Wednesday, September 15, 2021

Moving to a new city can be complicated. It's a huge decision to make, requiring both physical and mental preparation. Many people think about relocating to Pennsylvania. Philadelphia, in particular, is popular for its relative affordability, ease of transportation, and abund...

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