Blog Posts in Category: Property Management

09/29/2021

What Happens After September 30th, 2021?

What Happens After September 30th, 2021?

'The state legislature adjourned this month without extending its eviction moratorium and the terms of AB 832. So, barring any extraordinary effort on either the governor or lawmakers, the state moratorium should, therefore, finally lapse on September 30, 2021. Beginning October 1, 2021, and continuing through March 2022, California will enter into the "COVID-19 Rental Housing Recovery Act." What this means in Alameda County
Nothing at all! For some of you, September 30, 2021, will be the proverbial "light at the end of the tunnel." But for those with rentals in Alameda County, the end of California's moratorium will have absolutely no effect, and properties will remain mired in local "emergency" ordinances, which still effectively prohibit ALL evictions indefinitely. Laws in both Oakland and Alameda County will only expire 60 days after the local emergency ends. Our honest assessment is that regular evictions will not be allowed in Alameda County until 2022 at the earliest. Only cases involving an "imminent threat to health and safety," post-foreclosure, forcible detainer, and at-will tenancies may move forward for the time being. Please reach out to us if these issues relate to your tenancy. What this Means Everywhere Else   more...

07/29/2021

The Pros and Cons of Owning Multiple Rental Properties

The Pros and Cons of Owning Multiple Rental Properties

Being a rental property owner is something many strive for in their lives. Most of the time, financial advisors recommend owning a rental home is a great investment strategy in building wealth. But, “with great power comes great responsibility,” as you’ll always be required to adhere to the ever-changing local and statewide housing policies and laws. Owning multiple rental properties only ups the stakes, and as with anything else, there are plenty of pros and cons — but that’s where hiring a Property Management company plays a role; we’ll get into that throughout this article too.
Related: How to Hire a Property Manager (Webinar)   more...

07/15/2021

The Latest COVID-19 Tenant Relief Act Extension

The Latest COVID-19 Tenant Relief Act Extension

The California Apartment Association has published an array of compliance materials — including an Industry Insight document, an FAQ, and related forms — to help rental housing providers comply with AB 832, legislation signed into law earlier this month that extends the state’s COVID-19 eviction moratorium by three months.
The moratorium had been scheduled to expire with SB 91 on Wednesday, June 30th, 2021 but will remain in effect through September 30th, 2021. AB 832 also expands the existing State Rental Assistance Program to provide landlords with 100% of rent owed by qualifying residents. Compliance materials: The California Apartment Association has published an Industry Insight document and an FAQ to help rental housing providers comply with AB 832. If you are a CAA member, the Industry Insights are accessible for your viewing.   more...

05/28/2021

Reopening the economy is stabilizing the Bay Area rental market, but to what extent?

Reopening the economy is stabilizing the Bay Area rental market, but to what extent?

It’s no secret that rent prices were dropping quickly during the pandemic – especially in major Bay Area cities. But according to a recent analysis, there are signs the pandemic-weary rental market is edging up just a bit.
After months of decline essentially due to the pandemic, the Bay Area rental market appears to be stabilizing, although there is still a lot of uncertainty as the economy reopens. Even as home prices are red hot, the median rent for a one-bedroom apartment has dropped as much as a quarter in many Bay Area cities, but rents have begun to edge up just a bit.   more...

04/22/2021

The American Rescue Plan Act: Homeowner Assistance Fund

The American Rescue Plan Act: Homeowner Assistance Fund

The recently enacted COVID-19 relief legislation, the American Rescue Plan Act, included $9.9 billion in relief for homeowners to be administered through a new Homeowner Assistance Fund. These funds, which will soon be made available to eligible homeowners through their states, may be used for assistance with mortgage payments, homeowner’s insurance, utility payments, and other specified purposes.
The creation of the Homeowner Assistance Fund was to prevent mortgage delinquencies and defaults, foreclosures, loss of utilities or home energy services, and displacement of homeowners experiencing financial hardship after January 21, 2020. The law prioritizes funds for homeowners who have experienced challenging difficulties, limits eligibility based on need, and only used for certain qualified expenses, outlined in more detail below.   more...

04/09/2021

Top 3 Best Property Management in Oakland Awarded to Advent Properties, Inc.

Top 3 Best Property Management in Oakland Awarded to Advent Properties, Inc.

Nationally respected local business recommendation website, Three Best Rated, has acknowledged Advent Properties, Inc. as one of their 3 Best Property Management Companies in Oakland!
As the New Years’ saying goes, 2021 is our year! We recently received similar awards from Expertise.com as the Best Property Management Company in San Francisco and Concord. Our Lead Realtor and Broker-Associate, Darryl Glass, is one of the few agents to receive the honors of Homesnap’s 2020 Excellence in Client Services award. Now Three Best Rated has confirmed us at one of their Top 3 Property Management Companies in Oakland, California.   more...

04/07/2021

How to Lower Your Property Taxes

How to Lower Your Property Taxes

Property taxes provide funds for schools, roads, and many other vital aspects of our community. However, that doesn't mean you should be paying more than you have to. If you're a veteran, disabled, over 65, or under certain income thresholds, you may qualify for a property tax exemption. Here are some other ways to lower your taxes:
Homestead Exemption Your primary residence may qualify for a homestead exemption, which will lower your home's assessed value for tax purposes. Which will reduce how much you owe in property taxes.   more...

03/25/2021

3 Vital Facts Rental Property Owners Need To Know About Workers’ Compensation

3 Vital Facts Rental Property Owners Need To Know About Workers’ Compensation

Photo by Sora Shimazaki from Pexels
Rental Property Owners face many risks and exposures, and some are not aware of what their insurance covers specifically. Many Rental Property Owners do not have coverage for what they should, which accounts for millions of dollars in uninsured claims each year.   more...

03/18/2021

Expertise.com's 2021 Best Property Managers in San Francisco & Concord

Expertise.com's 2021 Best Property Managers in San Francisco & Concord

Nationally respected business recommendation website, Expertise.com, scored 178 Property Management companies in San Francisco and 31 Property Management companies in Concord — so far, we technically rank #1 on both lists in 2021! We also received this award last year in San Francisco, and both lists were recently updated on March 12th and 17th, 2021 — giving us a great sign that our hard work is not going unnoticed!
Expertise makes it easy to find the best local experts in your area. Their proprietary research and selection process identifies the top service professionals in over 200 different industries in major cities across the United States. Expertise features are only objectively quantified, and qualified professionals hand-picked by their selection process and research to understand what’s important when searching for experienced and professional companies.   more...

03/05/2021

3 Vital Features Every Unfurnished Rental Property Should Have Already

3 Vital Features Every Unfurnished Rental Property Should Have Already

The rental market is very competitive, but fortunately, there are a few things you should do to give your property the edge! Aside from the glaring essentials such as gas, electricity, and hot water, as a property owner, it is prudent to make sure that the property has proper flooring, solid quality blinds, and reliable appliances.
Not only will this help you to draw in more potential tenants, but it will also allow you to increase the monthly yield. The initial investment will be worth it.   more...

01/26/2021

New COVID Relief Bill Covers up to 80% of Unpaid Rent

New COVID Relief Bill Covers up to 80% of Unpaid Rent

Photo by Jorge Maya on Unsplash California plans to extend eviction protections through the end of June while using federal money to pay off up to 80% of unpaid rent owed by tenants. Gov. Gavin Newsom and the top two legislative leaders of California state announced Monday night.
The proposal, which must be approved by the state Legislature, would extend a state law scheduled to expire next Monday that prevents landlords from evicting tenants who could not pay their rent between March and August because of the coronavirus pandemic.   more...

01/08/2021

Propertymanagement.com's Best Property Management in Oakland

Propertymanagement.com's Best Property Management in Oakland

We are proud to announce that Advent Properties, Inc has been rated #1 by Propertymanagement.com on their list of the Best Property Management in Oakland, CA. Here is what they have to say about our services:
  more...

12/17/2020

Expertise.com's 2020 Best Property Managers in San Francisco

Expertise.com's 2020 Best Property Managers in San Francisco

Widely respected business recommendation website, Expertise.com, scored 178 Property Management companies in San Francisco, and we rank #1 (technically).
Expertise makes it easy to find the best local experts in your area. Their proprietary research and selection process identifies the top service professionals in over 200 different industries in major cities across the United States. Expertise features only objectively quantified and qualified professionals hand-picked by their selection process, and research to understand what’s important when searching for experienced and professional companies.   more...

12/16/2020

Buying a Home in 2021? Here Are 3 Things to Keep in Mind

Buying a Home in 2021? Here Are 3 Things to Keep in Mind

Owning a home is a huge undertaking but a potentially rewarding one. When you buy a place of your own, you get to build equity in an asset that can increase in value over time. You also gain the stability of not having a landlord who can decide to renew your lease or not. But if you think that 2021 is the year for you to buy a home, you should know what the housing and mortgage market could have in store. Here are a few things to keep in mind:
You might pay more than you think: According to the Mortgage Bankers Association, the average buyer took out a $375,000 mortgage to purchase a home as of late November. Home values across the country have skyrocketed in 2020, and once 2021 kicks off, they're apt to stay that way. If you're hoping to buy in 2021, prepare to pay a premium, especially early on in the year, when prices and inventory will likely be comparable to what they are now. We recommend you take some time this year to review your budget and then establish an outer limit for what you can pay.   more...

11/21/2020

Smoking in multi-unit housing may become prohibited in San Francisco

Smoking in multi-unit housing may become prohibited in San Francisco

Photo by Andres Siimon on Unsplash Smoking in multi-unit housing and apartments may become prohibited in San Francisco soon. The City and County of San Francisco Board of Supervisors are considering an ordinance that would change the health code to “prohibit smoking inside all private dwelling units in multi-unit housing complexes containing three or more units.”
Introduced on November 3rd, this ordinance will face a vote before the full Board of Supervisors on December 1st. If the board votes for the change, San Francisco would be among 63 cities and counties in California to have smoke-free multi-unit housing. Crowning San Francisco as the largest city in the country to adopt a smoke-free policy. This new ordinance will also extend those rules to smoking or vaping in rented units. Almost half of San Francisco residents live in multi-unit housing and would be affected by this change.   more...

Effective August 3, 2021, all visitors to our office are required to wear a face-covering over mouth and nose by the order of Alameda County Health Officer Order 21-03. Those who do not comply with this requirement will be refused entry.
Hide Message