Blog Posts in Category: Property Management

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...

11/20/2020

Proposition 19 Passes, Here's What That Means For Property Owners

Proposition 19 Passes, Here's What That Means For Property Owners

Photo by Andrea Piacquadio from Pexels Proposition 19 has officially passed! California voters have approved a makeover to the state’s landmark 1978 law to limit property taxes with 51% support. The measure allows homeowners 55 and older, the disabled, and wildfire victims to carry low property tax rates with them when they move. Though, it strips property tax breaks from people who inherit property.
This new proposition is a substantial victory for the California Association of Realtors, who made changes to a similar initiative in 2018 that voters rejected by 20% points. The revamped proposal generated broad bipartisan support and only token organized opposition.   more...

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...

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.
Hide Message