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...
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: more...
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: more...
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On January 6th, 2022, ATTOM released its 2022 Rental Affordability Report, which proves that owning a median-priced home is more affordable than average rents on a three-bedroom property in 666, or 58%, of the 1,154 U.S. counties analyzed in this report. That means major homeownership expenses consume a smaller portion of average local wages than renting. more...
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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. more...
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. more...
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Gavin Newsom (CC BY-SA 4.0) by Gage Skidmore more...
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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. more...
The Hayward City Council demonstrated wisdom and long-term thinking last night in voting not to accept the Staff recommendation to limit future rent increases in Hayward to the Consumer Price Index - capped at 5%, with a floor of 2%. more...
Martin Grube, FEMA - 44263 - Mold Remediation Awareness, marked as public domain, more details on Wikimedia Commons
Overview:
During the humid summer months, mold can be an unwanted guest. Taking the steps to prevent mold before it can grow out of control is essential. We’re already partway through the summer, but there are things we can do and change to protect our home from mold damage. Stopping mold before it starts, or even in its beginning stages, before it has the chance to grow, will help prevent a greater problem down the road. more...
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After diving to nearly the lowest level in its history in April, an index measuring consumer viewpoint in the housing market bounced back significantly in June. Mortgage applications to purchase a home rose 5% for the week and were a remarkable 33% higher than a year ago.
Renters were particularly optimistic about home buying, and it shows. more...
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Like clockwork each spring, pests will find a way to sneak in through the tiniest of cracks and crevices in your home, and you'll try your best to fight them off. Fortunately, taking just a few proactive steps before summer arrives can limit the number of bugs and rodents that come inside. Here are four tips to make your home a bug-free zone this spring and summer: more...
As Bay Area residents do their part by turning their residences into virtual places of business and e-learning hubs, they must think about energy use. Whether using energy to power appliances and technology or light, heat or cool their homes, this increase in residential energy use could result in higher costs. more...
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. more...
Richmond City Council on Tuesday dismissed an emergency request that would suspend all rent and mortgage payments in Richmond for the span of the COVID-19 shelter-in-place precautions. Alternatively, the city councilmembers cast a vote for protections like the Contra Costa County Board of Supervisors announced before Tuesday. The Board of Supervisors passed an emergency law applying to every one of the 19 cities and unincorporated regions, Supervisor John Gioia said in an update. more...
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. more...
Dear Friends & Fellow Citizens:
We are a group of individuals with resources and connections in Asia for Mask and PPE (Personal Protection Equipment) supplies. This campaign is to help fund the purchase of these vital supplies and deliver to those service providers in the most urgent need during this pandemic outbreak. We are ordering masks and PPE as we speak, and fundraising on the backend to help multiply our purchases by way of large quantity discounts. more...
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: more...
We've all had that one household item that was passed on or given away. But what about the items we know to be worth hanging on to for generations? Think staples that can stand the trial of time, nostalgic finds, or even flea market treasures you can't stand to leave behind. Today we'll be listing the stylistic layout pieces worth staying with, regardless of a remodel, a distant move or spring cleaning cleanse from a number of trusted home decor specialists. This is what you shouldn't leave behind at any point in the near future. more...
Decorating the Perfect Guest Room
One of the many pleasures of home decorating is welcoming your friends, family, and loved ones into your home to experience it. If you're someone who loves to host (or even if you're not!), creating the ideal guest sanctuary is key to ensuring an unforgettable stay for your family and friends. more...
Good news for those who want to get a head start on their home decor remodeling plans: Home remodeling site Houzz, a database where millions of home decor enthusiasts and interior designing experts share decorating concepts, recently created a summary of home design patterns ready to find their way into your home this year. more...
Downtown Oakland’s development has been long coming, but the 2008 recession delivered a critical blow to the proposed plan. Freezing practically all development in Oakland until around 2015, as high priced rents were driving the residents and organizations out of San Francisco eastbound. more...
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. more...
A large house with a sizeable yard and a white picket fence used to be the American dream. Even if you love your house, however, all that space can eventually become difficult to maintain. Especially as we age, many people tire of maintenance and upkeep. Modern seniors want to spend their retirement years living life to the fullest, not cleaning and repairing their property. more...
If your packages keep getting stolen or lost, it is high time you take some measures to stop package theft. Here are the top 6 ways proven useful to secure package delivery. more...
According to a new analysis by Redfin, Americans stay in their homes for much longer than before creating a shortage in off-market housing inventory. This helps explain why home sales have been fluctuating throughout the year into 2020. Generally, when owners do not shop for a larger home for a growing family or decline as children depart, it stalls the market for buyers who come after them. Long-term homeowners who have remained contributes to the housing inventory falling to their lowest level in decades, which has also contributed to rising housing prices for median-priced homes. more...
Living in the Bay Area has its fair share of difficulties, from the lofty average cost for basic items to the awful traffic, yet there's no uncertainty that life here is additionally loaded with care-free joy. Stunning natural beauty, a cutting edge tech-driven economy, and a feeling of belonging due to diverse cultures make this area one of a kind. Toss in a world-class social scene and the absolute best colleges on earth, and you can see why eight Bay Area cities made it into the top 10 of a new ranking of best places in California to retire. more...
While Immigration is still a sensitive topic to most Americans, many would agree that what makes America amazing is the melting pot of culture occurring across the nation. The diversity of a city is a unique selling point in deciding where to buy, sell, or even rent a property. So we are proud to congratulate three Bay Area cities with the highest ethno-racial diversity in the country. The personal finance website WalletHub took a snapshot of the nation. Comparing more than 500 of the largest U.S. cities to see which are the most diverse. The company analyzed each city based on ethnicity, race, language, and birthplace. Most of the data used to create this ranking were obtained from the U.S. Census Bureau. more...
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. more...
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. more...
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...
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. more...
Today is the 30th anniversary of the Loma Prieta earthquake, the 6.9 tremors stuck October 17th, 1989 shortly before game 3 of the World Series concern with the safety between the Oakland Athletics and the San Francisco Giants. With concern for your safety and well-being, we will update you with quake-related coverage and how you can be best prepared for forthcoming devastating Earthquakes.
Are you ready for the next major Earthquake?—You should be! more...
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It's hard to imagine where to even begin when moving out of your home. Between the yes and no questions of "Do I reallllly need this?" and "I forgot I even had this", one question you may ask is "How do I get my Security Deposit back?".
It's a significant and expensive question that has crossed the mind. After all, a pretty penny went towards the security deposit; why not try to get most of it back?
Part of the series of common maintenance items anyone can do, we've created a list of tasks that can help maximize returning your deposit.
We understand that it can be overwhelming at times, so a steady pace and the right tools can make anything achievable
KITCHEN
Clean refrigerator, shelves, crisper, under crisper and underfoot guard.
Clean and defrost freezer.
Clean Cabinet Doors Inside and Out
Clean tiles and faucet fixtures.
Clean floor (including under the refrigerator and stove).
Check and clean garbage disposal (if applicable).
Clean stove, hood, vent, and filter (all should be grease free).
Clean all counter tops.
LIVING ROOM, DINING ROOM, BEDROOMS, CLOSET, AND HALLWAYS
Vacuum carpet, including edges. Shampoo the carpets if necessary. Carpets are preferably cleaned professionally to avoid damage.
Clean baseboards and woodwork throughout the unit.
Clean all blinds.
Clean windows and windowsills (inside and out wherever possible).
Clean and vacuum sliding window tracks.
Clean air conditioner
BATHROOMS
Clean medicine cabinet out completely
Clean mirrors
Clean window and windowsill
Clean all tile
Clean floor
Clean Bathtub, Shower, shower doors
Clean all drawer/cabinets & vanity
Clean hardware on faucets/shower
Clean toilet inside & Out including enclosed base
FIXTURES
Clean ceiling fan blades
Light cover
Outlet Covers need to be installed
GARAGE AND PARKING STALLS
Stain-free from any car oil
GARBAGE AND DEBRIS
Remove and dispose of any debris.
more...
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