Blog Posts in Category: Property Management

08/26/2020

100 Day Challenge to Address Homelessness

100 Day Challenge to Address Homelessness

The COVID-19 pandemic and recent wildfires remind us of the importance of safe and permanent housing for protecting one’s health. In response to COVID-19, the Alameda County Health Care Services Agency (HCSA) and Alameda County Health Care for the Homeless (ACHCH) partnered with Abode Services and the State of California to implement Project Roomkey. Project Roomkey provides our unsheltered neighbors with isolation housing to recover from COVID-19 and safe housing for high-risk populations to help prevent them from contracting the virus.
These partners have now taken on Governor Newsom’s 100 Day Challenge Initiative to address homelessness and are looking for property owners and landlords to help residents leaving Project Roomkey find permanent housing. The Alameda County 100 Day Challenge Initiative aims to disrupt the cycle of homelessness by placing our unsheltered neighbors exiting Project Roomkey into permanent housing.   more...

05/29/2020

10 Very Common Rental Property Repairs

10 Very Common Rental  Property Repairs

As a Property Owner, one of your most significant responsibilities is to keep up the property and repair things when they break. Although this can be high-priced and stressful if you budget and successfully plan for maintenance, you will have funds saved to handle these issues. Repairs tend to scare new landlords, but most maintenance issues are typically simple to repair. Even though you will rarely foresee when these issues happen, you can predict that they certainly will.
1. Appliances Not Working Appliances have a lot of moving parts, and as such, tend to break down fairly often. Although the landlord can fix some issues, many problems will require a professional appliance repair representative. Unless a new appliance is needed, the typical cost to fix is between $50 and $100 per hour, and most repairs take about an hour. Used appliance stores exist in almost every town, and especially in the case of stoves, can be just as good as new.   more...

05/22/2020

6 Common Mistakes First-time Homebuyers Make

6 Common Mistakes First-time Homebuyers Make

Buying a home is one of the most significant financial decisions you’ll make in your life. Although, on occasion, it can be one of the largest sources of stress for many first-time buyers is the financing process. Unless you’ve planned thoroughly and dedicated time for research, receiving a mortgage can feel complicated and overwhelming. Luckily, you could learn from these common mistakes first-time homebuyers make to have a less stressful experience:
1. Not realizing the full cost of homeownership: Being a first-time homebuyer involves much more than the monthly cost of renting, which usually includes your rent payment, some of the utilities, your internet, and cable bills. As a homeowner, you’ll be responsible for the additional monthly costs that may have been covered by your landlord. That includes the following expenses: Water, sewer and garbage, monthly HOA fees, landscaping, property taxes, and homeowners insurance. All of that is in addition to maintenance costs, which you should set aside 1-3 percent of the purchase price of the home annually to cover repairs and maintenance.   more...

05/20/2020

Sellers Are Standing Firm on Their Asking Prices

Sellers Are Standing Firm on Their Asking Prices

Almost 75% of Realtors report that their sellers have not reduced their listing prices down to draw new buyers amid this pandemic, announced by the National Association of REALTORS. That indicates the amount of precaution home sellers consider to avoid feeling pressured to sell quickly during COVID-19.
"The housing market faced an inventory shortage before the pandemic. Given that there are even fewer new listings during the pandemic, the home sellers are taking a calm approach and appear unwilling to lower prices to attract buyers during the temporary disruptions to the economy" says NAR Chief Economist Lawrence Yun   more...

04/24/2020

Is It Safe To House Hunt During the Coronavirus Pandemic?

Is It Safe To House Hunt During the Coronavirus Pandemic?

While risk is an individual choice, the real estate industry is adjusting to give access to home buying securely during the coronavirus pandemic. You would now be able to do numerous things at a safe social distance, or even remotely with regards to purchasing a home that you might not have considered doing previously.
Here are on the whole the courses face to face checkpoints to purchasing a home have changed to guard you during the coronavirus pandemic:   more...

04/01/2020

A Moratoria on Evictions Is Now In Effect

A Moratoria on Evictions Is Now In Effect

div.a { text-indent: 50px; } This week, several cities, the County of Alameda, and the State of California enacted moratoria on evictions for nonpayment of rent. Below you will find summaries of each ordinance relevant to your location:
State of California: Governor Gavin Newsom issued an executive order banning the enforcement of eviction orders for renters affected by COVID-19 through May 31, 2020. The order prohibits landlords from evicting tenants for nonpayment of rent and prohibits enforcement of evictions by law enforcement or courts. It also requires tenants to declare in writing, no more than seven days after the rent comes due, that the tenant cannot pay all or part of their rent due to COVID-19.   more...

12/04/2019

7 Home Security tips to prevent burglaries

7 Home Security tips to prevent burglaries

Every 18 seconds another preventable break-in will occur in the United States, totaling to over 200 break-ins within an hour. The average monthly cost for home security monitoring services is $30/month ($360/year). Monitoring prices can be as low as $9.99/month ($120/year) for basic monitoring, and upwards of $100/month ($1,200 annually) for more premium services with complex devices. Even though implementing proper home security can become expensive, there are small steps you can take to improve home security and genuine feelings of serenity before leaving your home. Lock your door and windows This appears to be a conspicuous tip, yet 30 percent of thieves report breaking into a home through an opened window or entryway. Life gets occupied and we hurry to work, school, and activities. Take a couple of moments before you leave to check the entryways and as of late opened windows on the primary level. In the event that you'll forget to, stick a note in your entryway to remind yourself before exiting. Additionally, do not forget to close your blinds and curtains. Prior to entering a home, a robber needs to realize what they're going to take. A planned home break-in's duration typically lasts between 6-12 minutes, therefore burglars will investigate a home's valuables through windows before the break-in.
Train your dog Appropriately prepared pooches are Effective at hindering home invaders. While they are able to defend themselves by biting, their loud barking can cause intruders to panic and caution somebody of the bulgar's presence.   more...

11/06/2019

Resources for Unlawful Evictions

Resources for Unlawful Evictions

The Tenant Protection Act caps annual rent increases at 5% plus inflation, while also forcing landlords to specify a legitimate reason for evicting tenants and to offer relocation assistance for no-fault evictions. While AB 1482: California’s new tenant protection act is set to take effect on January 1st, 2020. Many California residents find themselves receiving wrongful eviction notices from Landlords of their respective homes.
We have received calls from recently evicted tenants of competitor Property Management companies, to discuss their options for resolving these matters and finding new homes to reside. It is unclear if the actions of some landlords are motivated by the new law, or simply profit-maximizing. But Advent Properties, Inc. takes pride in conducting every precautionary step to verify that Property Owners we work with are knowledgeable of rental laws, and never abuse this method of unjust evictions.   more...

11/01/2019

The Rising Competition between Move-Up & First-Time Buyers

The Rising Competition between Move-Up & First-Time Buyers

A recent report from Realtor.com® confirms that lower mortgage rates have piqued the interest of more buyers this fall. However, the consistently shrinking inventory of lower-cost homes is not keeping up with the high demand of buyers.
Highlights: • In September, inventory levels were 2.5% lower than a year ago • Mid-market homes—those priced between $200,000 to $750,000, which make up the largest segment of housing inventory—showed zero percent growth in September. • “The mid-tier of housing represents nearly 60 percent of homes for sale on the market, making it a solid indicator of how tight inventory levels are in the U.S.,” says George Ratiu, senior economist for realtor.com®. • Further, homes available under $200,000—the entry-level tier--have decreased 10% over the last year. • Meanwhile, homes listed for sale over $750,000 continued to grow, in September reaching 4.7 percent over levels from a year ago. • However, realtor.com® economists note that if strong homebuying demand, fueled by lower interest rates, continues to persist into the fall, the inventory of homes in this upper-tier price range also could see declines by February of the coming year. • “While lower mortgage rates and the arrival of fall promised a reprieve, conditions continue to tighten as demand remains strong. September inventory trends, especially in the mid-market, may be the canary in the coal mine that we could be headed for even lower levels of inventory in early 2020.” • The median list price nationwide in September was $305,000, up 4.3% over last year. Nationally, homes sold at an average of 65 days in September, one day slower than a year ago. Tell us your thoughts below: • How can move-up buyers edge the first-time buyer competition? • What are some ways that first-time buyers can top move-up buyers in search of lower-cost homes? For More Information set up an appointment to speak with Darryl Glass, our lead Realtor and Broker Associate by clicking here: Darryl's Calendly   more...

10/31/2019

California's New Tenant Protection Act & How it Affects YOU!

California's New Tenant Protection Act & How it Affects YOU!

AB 1482, California's New Tenant Protection Act can get pretty legal pretty fast, so here is what you need to know at a glance:
What the Rent Caps mean to you: • Starting in January 2020, landlords of multi-family buildings (2 or more apartments) cannot increase your rent by more than 10% annually unless local stricter rent control applies. • If you are in a multi-family home in a non-rent-controlled city and received a rent increase of OVER 7.8% between March 15th, 2019 and December 31st, 2019 - On January 1st, 2020, your rent will be reduced to reflect only a 7.8% increase. • Single Family homes not owned by a corporation are exempt from this rent cap law still. What the “Just Cause” Ordinance means to you: • Landlords CANNOT conduct No-Fault Evictions without paying you (the tenant) a relocation payment of one month’s rent or what the local laws state if you are in a rent and eviction controlled city. • However, Landlords CAN evict residents for consecutive delayed rent payments, due to a breach in contract, especially if the resident lived in the unit for less than one year. We are anticipating questions about both the Tenant Protection Ordinance, and about its effects on local ordinances. Please call (510) 500-7531) or email (dglass@adventpropertiesinc.com), and we will help answer your questions and concerns.   more...

10/25/2019

10 Home Decor Trends on Their Way Out This Winter

10 Home Decor Trends on Their Way Out This Winter

Home Trends can make your home feel and look new and refreshing, but they can also make your home feel outdated and uncomfortable. Some trends reach their end date while some become timeless. You might be asking yourself “How can I tell when my home needs to be renovated?” The most common method of staying up-to-date is to find blogs, influencers, and catalogs that fit the moods you want to show inside and outside of your home. You can modernize your home with small details like adding wallpaper, plants, and accents. Or you could go big and paint your rooms, order new furniture, or even add/remove the carpet. But remember, trends change like the seasons. So here is a list of 10 Home Decor Trends we’ve noticed that are losing their appeal this forthcoming Winter Season. 1. Fake Plants Implementing Plants in your home can help improve your indoor air quality. So place a few living plants in the appropriate hospitable locations of your home over several fake plants and flowers. If you’re concerned about your lack of a green thumb, here are a few suggestions that are easy to care for during winter. • In an Overly-Heated Room: Cacti and Desert Plants • In a Dry Room: Aloe or Fiddle Leaf Fig Trees • In a Dry Room: Philodendrons or Succulents • In a Low-Light Room: Chinese Evergreen, or Aglaonema • In a Drafty Room: Christmas Cactus or Jade Plants 2. Too Much Granite Granite is a popular option when choosing kitchen counters, but avoid going overboard by adding accents such as quartz or butcher block countertop for your kitchen island and workspace. 3. Industrial Everything Industrial home decor has been popular for decades; Edison bulbs, exposed brick, rusted or brushed metal accents are a few examples of this decor design. However, there is such a thing as too much industrial. If you want to go for an industrial look inside of your home, add a couple of elements such as modern pendant lights or a pegboard backsplash. 4. All Grey Everything Adding to the Industrial trend we’ve listed prior to this, all grey rooms can sometimes make a room feel dull and life-less in contrary to creating a calming and minimal environment. If it is too late to re-paint your walls or you absolutely adore your grey furniture, try adding in some vivid colored plants or wall decor that is an appropriate fit for the type room. 5. Vertical Blinds Vertical blinds can be a pain to open, close, and can become tangled easily. So most home decor enthusiasts update to mini blinds, DIY window treatments, and lightweight curtains to preserve the abundant natural sunlight in their homes. 6. Indoor Wicker Furniture Wicker furniture is typically a top choice for your balcony or porch, so keep the wicker outside. When used indoors, wicker is one of those home trends that can quickly make a home look dated. 7. Carriage hinges Carriage Hinges are most popularly found on tilt-up retractable garage doors that usually do not open like shed doors. This trend could make your home garage feel more like a barn shed as opposed to a destination for your vehicle. 8. Tuscan-Inspired Kitchens A popular kitchen design trend for just about two decades, but Tuscan kitchens are starting to lose their appeal. Instead of lots of stone and darker colors, today’s kitchens focus on brighter lighting and a crisp color palette for home trends. 9. Brass Hardware Metals may be in when it comes to accessories, but avoid shiny brass as it can make a kitchen look dated. Instead, replace cabinet hardware with brushed nickel, glass or stainless steel. 10. Bold Appliances Bold kitchen colors are on-trend, but avoid choosing bright colors for appliances. You wouldn’t put a ’70s avocado green or goldenrod refrigerator in your kitchen now, so just imagine how that bold red or seafoam green appliance will in a few years. We hope this list is helpful to your home modernization, we anticipate the various point of views about trendy home decor. Please let us know what your thoughts are in the comment section below, or tag us in your post on any social platform!   more...

10/22/2019

Essential Winter Home Maintenance Checklist

Essential Winter Home Maintenance Checklist

As the brisk winds of winter approach us, Advent Properties is here to keep you updated on how you can prepare to keep your home warm, cozy, clean and sturdy! For your safety, and to avoid damage to your property inside and out; it is best to routinely clean your microwave and oven, range hood filters, unclog sink and drain holes, replace heater filter, and check smoke alarms and fire extinguishers on a monthly basis.
Cleaning your heater system, windows, and running water to flush toilets in unused spaces should be done on a quarterly basis. However, the following home maintenance tasks done to prepare your home for the Winter season will help you stay ahead of any property damage inside and out of your home.   more...

10/09/2019

AB 1482: California's New Tenant Protection Act

AB 1482: California's New Tenant Protection Act

Governor Gavin Newsome signed AB 1482 on Tuesday, October 8th, 2019. This new bill implements Just Cause for Eviction and Rent Cap across the State of California. The State of Oregon approved legislation similar to this February 28th, 2019. The new bill is intended to end rent gouging and senseless evictions. However, it does not prohibit cities and counties from creating new legislation or other ordinances that are uncompromising regarding rent caps. The law sunsets on January 1, 2030, so until then here are the highlights from the latest California New Tenant Protection Act:
Statewide rent cap: AB 1482 by Assemblyman David Chiu, D-San Francisco, will place an annual 5% plus CPI cap on rent increases and create new standards for evictions across California. The signing of AB 1482, officially the Tenant Protection Act of 2019, marks the most significant policy change for California’s rental housing owners and tenants in a quarter-century.   more...

09/24/2019

Always be learning, growing...

Always be learning, growing...

"REimagine" 2019 Real Estate Conference
This week, I'm at the California Association Realtors conference in Los Angeles. I'm here to learn more about the Real Estate and Property Management industries. As you're probably aware the real estate market and political arena are constantly changing.   more...

09/18/2019

We love our owners, and it shows!

We love our owners, and it shows!

Property management is not the most glamorous or easy job. Our owners are what make us do a good job. We love when they let us know that we are successful.
Check out a card dropped by our office by a greatful owner.   more...

Due to the Shelter in Place order our office is closed to the general public. As an Essential Business we are still open.
To contact us please call 510.250.7918 or email us at team@adventpropertiesinc.com.