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It's In The Lease

By Elisha Heebner Friday, March 12, 2021

A great lease can keep an owner and tenant out of court and trouble. Leases need to be clear and concise on what the responsibilities are for each party. There are several vital items that need to be included in a lease. Tenants names and information. Any occupants including...

Getting Tenants To Pay During A Pandemic

By Elisha Heebner Friday, March 5, 2021

A big part of the property management process is rental collections and with Covid 19 and courts shutting down, it's been harder than ever to acquire funds from delinquent tenants. Del Val Realty utilizes multiple resources to get tenant balances paid. Phone ...

What Landlords Need to Rent in Philly

By Mike Lautensack Friday, February 26, 2021

The city of brotherly love requires massive amounts of paperwork in order to rent to tenants. If a Landlord does not have the correct paperwork rent paid may have to be returned or past due rent can not be collected. It is of utmost importance that the owner (or property manager)...

$97 Million Rent Assistance Available for Philadelphia Landlords!!!

By Mike Lautensack Thursday, February 25, 2021

Please be aware that that as part of the stimulus plan passed in December $25 billions was set aside for landlords. $97 million has been allocated for Philadelphia and the process to get this money starts in early March. Please watch our short video explaining the program.

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...

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