Del Val Realty & Property Management

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Duration of management needs

Management needs

Monthly rental income

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Introduction: Company History • Specializing in Local Residential Property Management in and around the Philadelphia area • Established in 2006 • Office in Malvern PA with over 26 staff members • Over 5,000 leases executed • Over 1,100 properties managed • Licensed with The PA Real Estate Commission since 2006 • We send over $950,000 in rent money to owners every month Services • Convenient password protected online owner portal that contains your accounting, documents, and other information • We pay owners twice a month on the 10th and 20th of each month via a wire transfer directly to your bank account. • We perform an inspection of your property every 6 month and prepare a report with 20 to 40 photos • The property management agreement is a monthly agreement and you can terminate anytime with 30 days’ notice – we do not force you to sign a 1 year contract • We offer a 90-day Better Than 100% Guarantee where if you are unhappy with us for any reason during the first 90 days we will refund all your management fees PLUS $200 – we take all the risk… • Our legal team is continuously updating our lease to ensure compliance with complex landlord tenant laws and to protect you the owner versus the tenant Reputation • Zillow.com online rating is 4.9 out of 5.0 • We have a A+ BBB rating • Del Val has had the same clients since 2007 and several staff members since 2006 Marketing for Tenants • We market our rental properties on over 100 websites • We list your property on MLS TREND that reaches over 5000 realtors • We receive over 4,300 calls per month into our office from prospective tenants looking for rental property • We get over 6,000 unique visitors to our website every month • Del Val offers owners a 12-month Guarantee where if any tenant we place leaves during the first 12 months we will replace them at no cost Maintenance • Del Val has 5 or 6 in house maintenance personal to get maintenance work done quicker and cheaper than using outside vendors • We guarantee our maintenance for 90 days Thank you for requesting a proposal from Del Val Realty & Property Management ("Del Val"). My name is Mike Lautensack and I'm the president of Del Val. We are a FULL SERVICE residential property management company with over 15 years’ experience. We serve Philadelphia and the western suburbs where we manage over 4000 single family, HOA and multi-family units. We are the Company to call when you are tired of the 3 “T’s”: Tenants, Toilets, and Townships! We advise property owners how to build wealth and financial security through hassle-free ownership of rental real estate with our NO “Hassle” FULL Service Management Program. This program allows owners to enjoy the financial benefits of cash flow, tax savings, and wealth creation while it GUARANTEES you will never have to deal with maintenance or late night tenant issues.

Overview

Hired 8 times

18 employees

17 years in business

Payment methods

This pro accepts payments via Cash, Check, and Credit card.

Social media

Facebook, Twitter

Featured Projects

6 photos

Specialties

Management needs

Reviews

5.0

1 review

100%

Mildred B.

Nov 5, 2014

Hired on Thumbtack

Mr Lautensack arrived promptly at my residence. He asked me what my needs were and then he described his services. I agreed that he was more than qualified to handle renting, and management of my property. I have to say i was relieved because i was moving to Virginia in a couple of days and didn't know how to manage my property from another state. He communicated efficiently and quickly. I would recommend his services to all my friends.

Property Management

FAQs

What types of customers have you worked with?
Property management for homeowners and sales for customers. We will management for investors
What advice would you give a customer looking to hire a provider in your area of work?
I have a confession to make you see; when I first started out in real estate investing I didnt do everything on my own. I had a little secret that most people do not understand. In fact, most people make this mistake over and over again and never even realize how much this same mistake is costing them. Let me explain, most beginner and intermediate real estate investors do all the work themselves. This includes finding tenants, credit checks, signing leases, maintenance, tenant relationship, rent collection, evictions, accounting, routine inspections and all of the other 100's of things a property owner must do to keep their real estate investments profitable. Seems like a lot doesnt it? Thats because it is! If you are an experience real estate investor you quickly learn that the tenant stuff is a lot of work and not very profitable. The real money in this business is finding new profitable deals and arranging good financing not collecting rent and doing maintenance. So the secret that most new real estate investors do not know is hiring a professional property manager and letting them handle the 100's of tenant issues will free your time to focus on new deals and financing. By hiring a professional property manager to oversee your properties you can rest assure that all of the tenant activities will be attended to and your property and tenant will be managed in a way that protects your property and keeps it value as high as possible. I was able to learn this early on it saved me from making many costly mistakes. By hiring a professional property manager I was able to see how they marketed for new tenants, how they collected rent and occasional went to court, how they did the accounting and financial record keeping, and how they managed difficult tenants. All of these issues I could have learned by making own mistakes several times and then learned how to do it right by trial and error. But this is costly way to learn. It is far better for the new real estate investor to hire a professional property manager and learn from how they handle these issues. You may want to eventually manage your own properties but in the early years you should hire a property manager and learn how they do things first. Then after you have seen how it is done you can self manage with a sense experience. I will also say that tenants are very good at sensing when someone is inexperienced at property management and I assure you they will take advantage of that inexperience to your determent. Tenant will test you to see if you will give them some breaks or if you do not know the local landlord laws. This is also why a professional property manager can help you establish some experience and the ability to stand up to tough tenants. Your goal as a real estate investor is to create long-lasting PASSIVE income for yourself. Passive income means that you should be earning income from your investments with little to no effort on your behalf. Managing your own properties is not passive income. Stop wasting your efforts and let a professional property manager oversee your property investments and focus your time on finding new properties and your real estate investment business.