144 Reasons To Hire Del Val Property Management
Owner Services
1. Del Val Property Management, LLC (“Del Val”) specializes in property management of single-family and small residential homes, including duplexes, condos and town homes.
2. Del Val advises real estate investors how to build wealth and financial security through hassle-free Ownership of investment real estate with our “Total Property Management Program”.
3. Our proven management system allows Owners to enjoy the financial benefits of cash flow, tax savings, and wealth creation while it GUARANTEES you will never receive a late night emergency call, deal with a lengthy eviction proceeding or ever have to interact with an irate tenant.
4. Del Val pays individual attention to each Owner and their needs – that makes us unique!
5. We Keep the Owners informed on a timely basis of all issues, good or bad
6. We use the top rated, web-based property management software called Buildium to assist us in management of properties.
7. Buildium allows Owners access to view property status, tenant payments and account balances anytime with their own password protected, web-based Owners area.
8. We provide monthly, computer generated, reader-friendly Owner statements.
9. We process Owner disbursements and statements on the 25th of each month.
10. Owners can transfer funds into or out of their account instantly through electronic transfers with Buildium.
11. We coordinate Owner-requested services for maintenance.
12. We maintain accurate escrow accounts.
13. We advise Owners on market rental rates in a timely manner.
14. We identify and correct conditions that might expose a Owner to liability
15. We give advice on preventative maintenance needed, supervision of refurbishing and modernization programs available.
16. We work with Owners to establish the highest standard of property maintenance, protection and aggressive marketing that your investment deserves.
17. We market your property in print, Internet, signs and any other appropriate media.
18. We collect all necessary information and review existing documents pertaining to a property and its existing tenants.
19. We perform thorough credit, employment and residence history checks before approving a new tenant.
20. We negotiate leases for the best terms to benefit you, the Owner.
21. We use proper lease agreements and exhibits that will provide you with protection.
22. We perform written evaluations on properties semi-annually.
23. We handle lease renewal and do a lease renewal walk through of your property.
24. We protect your property by monitoring it with frequent drive by inspections.
25. We address lease compliance issues.
26. We comply with Fair Housing Laws.
27. We comply with any applicable municipal registration requirements for rental properties.
28. We perform a move out walkthrough and make deductions from the security deposit, if needed.
29. We Guaranteed Tenants: We will guarantee any tenant who is placed by Del Val for 1/2 of their original lease term. If they leave for any reason, we will re-rent your property FOR FREE.
30. We offer a 90 Day GUARANTEE – If you are not completely satisfied with Del Val in the first 90 days, we will return your first 90 days of management fees, plus $200 for your trouble
Monthly Accounting/Expenses
31. We collect monthly rents.
32. We pay all expenses on time.
33. We prepare monthly statements and reconcile them against bank statements.
34. We make your mortgage payments and/or Owners’ association payments, if you so direct.
35. We notify you if adequate funds are not available in your account prior to making any payments.
36. We prepare a year-end account summary statement for assistance in tax preparations.
37. In January, we send out a year-end summary statement for your tax purposes detailing all of your yearly income and expenses and categorizing said income and expenses, plus a Form 1099.
38. We perform security deposit accounting.
39. We ensure that income is electronically transferred directly into your bank account.
Establishing Rent
40. We perform an initial inspection of your property to determine rental value using factors such as the size and condition of the property, location, time of year and current trends that may need to be considered.
41. We evaluate the property condition and, if appropriate, recommend repairs and decorating to maximize rental value and property appreciation.
42. We guide you in determining the rent value for your property using the above information and our firsthand experience.
43. We monitor the rental market throughout our involvement with you to be sure you are receiving the highest possible rent.
Advertising/Marketing
44. Our extensive advertising and marketing programs gets a property leased in the shortest possible time.
45. We market your property at the highest possible market rate.
46. We include color digital photos for all listings to attract the attention of potential tenants.
47. We stage homes with flowers, plants, soaps, towels, ect. to improve the environment of the property.
48. Our internet website is highly ranked giving a property worldwide exposure: http://www.delvalproperty.com/
49. We advertise on 13 local and national free Websites such as www.craigslist.org and www.rent.com
50. We advertise in local newspapers.
51. We advertise in the Philly Weekly for Philadelphia properties
52. We post yard signage including 2 or 3 “For Rent” signs at the property, if allowed, and a literature box with a property flyer.
53. We post anywhere from 5 to 25 directional arrows pointing to your property.
54. We have contacts with relocation companies and major corporations to attract potential tenants relocating to this area.
55. We submit your property to human resource departments of local employers in the area.
56. We advertise your property to local universities, colleges, and trade schools.
57. We submit your property to the county Section 8 office, when Owner approves.
58. We maintain and update our 24-hour voicemail rental hotline, which never stops promoting the properties and makes it easy for prospective tenants to get property details.
59. We post a flyer on the front window to help locals and neighbors spread the word.
60. We do an Email blast to local realtors.
61. We have Open houses on Saturday/Sunday to show your property.
62. We meet potential tenants for property showings and accommodate their schedule whenever possible – even weekends and evenings.
63. We send postcards to our potential renters mailing list.
64. Del Val Staff have attended a conference titled: How to write rental classified ads that work offered by Rental Property Reporter.
Tenant Selection/Screening
65. We require each applicant to complete a detailed application form.
66. We offer online tenant applications for easy use.
67. We conduct in-depth interviews with every rental applicant.
68. We are a buffer for you - we do the rejecting and ask the hard questions.
69. We thoroughly screen potential tenants – this process is vital to profitability and quite possibly the most important aspect of property management. With careful tenant selection, future problems are minimized.
70. We make every effort to choose tenants who will pay their rent on time, take care of the property and who will get along with the neighbors.
71. We have established Screening Criteria as a guide, however each applicant is evaluated on a case-by-case basis.
72. We make use of a number of resources available in determining whether the information on an application is truthful and accurate and meets our guidelines.
73. As part of our thorough tenant screening process, we review the following:
a. Verify rental history from current and previous landlords;
b. Screen for past evictions;
c. Verify income and/or employment history;
d. Review credit report and FICO score;
e. Review any public records information i.e. bankruptcy or criminal record; and
f. Verify personal references.
Never forget - It is better to have NO tenant than a bad tenant.
74. We have years of experience in judging tenant qualifications
Lease Agreement & Related Paperwork
75. We have developed a comprehensive lease based on years of experience
76. We use a “Pennsylvania Plain Language Lease” which is time-tested in many local courts, but is written in plain language for easy comprehension.
77. We cover all required legal disclosures, all security deposit forms and legal notice forms.
78. We prepare and execute a lease and give the new residents possession of the property ONLY after all requirements are met.
79. We lease only to qualified responsible tenants.
80. We carefully explain all legal issues and responsibilities to tenants at sign-up.
81. We require all tenants to sign written leases and supplemental agreements.
82. We use a one-year lease unless request otherwise by the Owner.
83. Our primary objective is to maximize the income of our landlords and their rental properties.
84. We complete a Move-In walkthrough with new tenants.
85. We re-key all locks on your rental property as soon as possible each time a new lease is signed.
86. We communicate with you on the status of the rental property and send you a copy of the new lease, as well as post it on Buildium.
87. We attempt to renew the resident’s lease 60 days prior to the expiration of their current lease agreement.
88. We renew the tenants lease for another year at 10% higher rent, if possible.
89. We will place our “For Rent” sign and begin showing the property for lease as soon as possible, in the event that the current tenants decide not to renew their lease.
