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Blog Posts in Category: Property Management

08/15/2023

Navigating the 2023 Housing Market Landscape: What’s to Come?

Navigating the 2023 Housing Market Landscape: What’s to Come?

2023 has been a challenging year for the housing market. With seemingly soaring interest rates, low inventory on the market, and an inflated market things have been difficult for both Buyers and Sellers alike. Even now as we step into the latter half of 2023, the housing market remains a dynamic arena with truly life changing opportunities. When coupled with the right team, possibilities are endless for everyone. To find those opportunities, let’s dive into what the months ahead could look like if you’re in the market to purchase or sell your home.   more...

06/19/2023

Your Preferred Property Management Group

Your Preferred Property Management Group

Advent Properties, Inc has been providing service beyond expectation to California Homeowners and Landlords since we were established in 2008. As we move into a shifting market, it’s important for us to continue expanding our ability to provide top notch services to all of those we continue to serve. Here are just seven reasons why we are your number one choice for Property Management:
1) Marketing Presence One of the number one keys to keeping your property constantly occupied with great tenants is our expansive Leasing and Marketing abilities. We keep our eye on the local rental market and make sure local renters keep their eye on your property. We implement videos, virtual staging, and flexible private touring from highly trained our highly trained leasing professionals. Allowing your property to be viewed as the number one choice in its neighborhood is why we consistently keep our properties occupied with great tenants.   more...

05/16/2023

Employee of the Month - Tyler Powell, Listing Agent

Employee of the Month - Tyler Powell, Listing Agent

For the month of May, Advent Properties is proud to support our very own Leasing Agent, Tyler Powell. Tyler has been with the company now for over 3 years and is our sole Leasing Agent working directly with our owners to keep their properties occupied with our amazing tenants. Thanks to Tyler, Advent has an average of 28-40 days on Market for our properties. Which is less than the 30-60 average days you usually expect in the Bay Area. We sat down with Tyler and asked him questions on why he has so much success:
How long have you been with Advent Properties? How did you get your start here Since October 2020. I was let go of my previous job due to covid in March of 2020. I spent months looking for not only just a job, but a job that would get me excited. When Benjamin and William decided to hire me and give me a chance, my career was truly changed forever.   more...

05/09/2023

Are you Correctly Preparing for Your Retirement?

Are you Correctly Preparing for Your Retirement?

As retirement approaches, many people are concerned about ensuring their financial stability. One way to achieve this goal is by investing in real estate. Purchasing a rental home can provide a stable source of income during retirement, but there are several things to consider before making such a significant investment.
According to Investopedia, investing in income-generating property can be a smart financial move. A rental property can provide a steady stream of passive income that can supplement other retirement savings. In addition, owning a property provides a tangible asset that can appreciate over time, increasing its overall value. However, this is not for the faint of heart, investing in rental properties requires careful consideration, education, research and planning.   more...

04/27/2023

Why Young Adults Should Purchase a Home

Why Young Adults Should Purchase a Home

Buying a house can be a difficult task for anyone to do. So of course with student loans, an entry-level job, and the desire to travel and explore the world, it’s understandable why as a young person there’s the decision to rent over buying. However, homeownership presents many benefits that cause a significant impact to your financial future when choosing to purchase a home earlier rather than later. There’s a reason that Urban Institute finds $72,000 difference between those who purchase a home between 25 and 34, and those who waited to buy until 35 to 44.
1)Building Equity: Why is it Important to have Equity? What is Equity? One of the most important and crucial parts of owning a home is generating and building equity. Equity is the amount of wealth you have generated from owning your home. Equity can be generated by paying your monthly mortgage, or by appreciation in home value. This wealth can be used later to do things that would otherwise create a challenge for those without it. Equity can be used to pay for higher education, make home improvements, pay for higher education, gain an even better home, and so much more.   more...

02/22/2022

Tenant protection bill is failing in California Legislature, again

Tenant protection bill is failing in California Legislature, again

Photo by Kimson Doan on Unsplash
Assembly Bill 854 would’ve curbed an owner’s ability to evict tenants using the Ellis Act in rent-controlled jurisdictions. Tenant advocates, racial equity groups, YIMBYs, and even some of their usual opponents wanted to see the bill pass. The cities of San Francisco and Los Angeles — which rarely see eye to eye on housing issues — as well as every Democrat on the Assembly Housing and Community Development Committee, signed on.   more...

02/22/2022

Building Materials Prices Jump in January

Building Materials Prices Jump in January

Photo by Brett Jordan on Unsplash According to the latest Producer Price Index (PPI) report released by the Bureau of Labor Statistics, the prices of goods used in residential construction ex-energy climbed 3.6% in January (not seasonally adjusted). The index was higher by a 25.4% jump in softwood lumber prices and 9.0% price increases for indoor and outdoor paint.
Building materials prices increased 20.3% year over year and have risen 28.7% since January 2020. Over the past four months, the index has climbed 8.4%.   more...

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...