Residential Leasing and Property Management Services - Your Local Leasing Company

How to Handle a Messy Tenant

Rob Coldwell — Fri, 19 Apr 2013 13:45:45 +0000

Every once a in a while you’ll enter a property and be astonished by the amount of trash that seems to accumulate. From overflowing recyclables to a sink full of dirty dishes, you’ll occasionally have the not-so-wonderful surprise of dealing with a messy tenant. Unfortunately, it’s difficult to create boundaries in this situation because you [...]

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7 Tips for Staging Your Home to Rent

Rob Coldwell — Fri, 29 Mar 2013 13:34:12 +0000

Just like a property owner wants to find a tenant that is responsible and careful, potential tenants are looking for a clean and safe rental. If you are planning an open house with any of your properties, you’ll want to make sure potential renters are getting the right first impression. They probably have quite a [...]

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Simple Maintenance Will Save You

Rob Coldwell — Fri, 22 Mar 2013 20:49:46 +0000

According to a recent survey, more than half of US homeowners (53%) do not perform annual maintenance on their home. The survey was conducted by HomeAdvisor, an online destination for home repair and improvement. Additionally 77% of homeowners reported that they were concerned about high electricity bills. Essentially, people are worried about bills but not [...]

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What to Look for in a Property Manager

Rob Coldwell — Fri, 01 Mar 2013 23:37:36 +0000

The thought of letting somebody manage your biggest asset (your property!) can be something that brings a lot of nervous energy, fear and concern for every property owner who does not have the time to properly manage their property. Not only is it a difficult task to achieve, but choosing the right property manager from [...]

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Philadelphia Suburbs Face Rising Property Taxes

Rob Coldwell — Fri, 15 Feb 2013 19:36:50 +0000

Last month we wrote a blog post about rising taxes in Chester County and Delaware County. A recent Philly.com article reported that across Chester and Delaware counties as well as other counties nearby, town taxes are also increasing. For example, township taxes in Upper Darby have increased over 7 percent. The article reports that a [...]

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Top 3 Emerging Neighborhoods of Greater Philadelphia

Rob Coldwell — Fri, 01 Feb 2013 16:42:30 +0000

Redfin recently ranked the top “up-and-coming” neighborhoods for the 16 metro areas it serves, including the Greater Philadelphia area. The list combines market data, like real estate prices, along with input from Redfin real estate agents and was reported on Philly Curbed. So what took the number 1 spot for the hottest up-and-coming neighborhood of [...]

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Delaware County House Fire: Landlord Tips for Fire Prevention

Rob Coldwell — Tue, 22 Jan 2013 14:41:35 +0000

Delaware County House Fire Earlier this month, three individuals suffered minor injuries in a Delaware County house fire. The fire broke out around 1:30 a.m on January 4th in Darby Township. While four family members escaped from the fire, the family dog was not able to make it out of the home. Some of the [...]

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Pennsylvania Counties Face Rising Taxes

Rob Coldwell — Wed, 09 Jan 2013 20:53:24 +0000

Delaware County and Chester County have recently approved a new budget for 2013. The result–a 2.8 percent raise in Delaware County property taxes and a 5 percent increase in Chester County real estate taxes per year. For Delaware County homeowners, this means that the owner of a home assessed at $130,000 would pay $19.75 more [...]

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Rent Index on the Rise

Rob Coldwell — Wed, 26 Dec 2012 18:06:58 +0000

Investing in a bargain house is an action that seems glamorized by pop culture. How many times do you turn on the TV to find a flipper investing in a cheap house, fixing it up, then renting it out? However, the ability to purchase bargain homes isn’t a reality for a lot of Americans who [...]

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Winter Energy Saving Tips for Your Property

Rob Coldwell — Wed, 19 Dec 2012 17:07:40 +0000

With below-freezing temperatures haunting the future forecast, it’s time to start thinking about ways to cut down on energy use. Many properties in Philadelphia and beyond are older and less energy efficient buildings. Luckily, whether you own or rent a property, you can make some easy changes to improve energy efficiency in your home. Here’s some [...]

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Renter’s Insurance: To Be Expected?

Rob Coldwell — Tue, 06 Nov 2012 20:42:21 +0000

Following a recent industry trend, it seems apartment renters throughout the country should be prepared for an extra expense to be added to their bills if it hasn’t been already: renter’s insurance. According to a recent survey of apartment companies by the National Multi Housing Council, more and more of these companies are requiring their [...]

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Preparing Your Home for Jack Frost – Winter Maintenance for Your Property

Rob Coldwell — Wed, 24 Oct 2012 18:14:48 +0000

Every year it seems that Winter comes upon us much too fast, and before you know it you are breaking open the storage containers looking for your favorite pair of hats and gloves. Without proper preparation for the cold winter months, it leads to many head colds and illness, such miserable experiences. The same goes [...]

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How to find the right Property Management Company

Rob Coldwell — Fri, 12 Oct 2012 13:53:10 +0000

With the down real estate market has come a growing trend of real estate agents moving into property management. The thinking is that with new and existing home sales fewer and further between an agent can make ends meet with property management services until the market recovers. This has brought increased competition into the management [...]

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Pros and Cons of Short Term Property Leasing

Rob Coldwell — Wed, 03 Oct 2012 15:00:52 +0000

Short term property leasing is an increasingly common practice for landlords and property managers. With the rise in short term leases has come questions and controversy. Some see it as an attractive alternative to traditional long term leasing while others are concerned that is disrupts the community and causes other problems. It is important to [...]

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Follow YLLCO on YouTube

Rob Coldwell — Fri, 28 Sep 2012 16:54:20 +0000

At YLLCO we use the latest internet tools to get our property listings in front of as many potential tenants as possible. As part of our online effort we have uploaded video tours to YouTube for the past couple years. Viewers can check out our YouTube channel to see walkthroughs of apartments and homes we [...]

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Are you cut out to be a landlord?

Rob Coldwell — Fri, 21 Sep 2012 12:34:51 +0000

In today’s real estate market there is an increasing interest among homeowners to rent out their existing property or purchase foreclosed properties for rental. Maybe you have a new job and need to move but your home’s value has fallen so dramatically you decide it is unwise to sell immediately. Alternatively you might see the [...]

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Are my application fees refundable if I am denied?

Rob Coldwell — Thu, 01 Mar 2012 16:33:41 +0000

Unfortunately no, both the application fees and the convenience charges are non-refundable.

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Can I use a personal check to pay rent?

Rob Coldwell — Sun, 29 Jan 2012 19:09:34 +0000

We accept personal checks to pay rent, per the conditions set forth in your rental agreement or lease. Move-In Costs, however, must be paid in money orders or cashier’s checks

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What do I have to do if I would like to bring a pet into the property in the future?

Rob Coldwell — Sat, 28 Jan 2012 19:08:57 +0000

YLLCO Loves pets, each property may not allow certain pets. Providing that your property owner allows pets, it is a $250 non-refundable deposit, and $25/month for each animal. Dog Breeds that are NOT Accepted are as follows: Dalmatian, Boxer, Presa, Canario, Chow Chow, Doberman Pinschers, Alaskan Malamutes, Huskies, German Shepherds, Rottweilers, Pit Bulls

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Why do I need Renter’s Insurance?

Rob Coldwell — Sat, 28 Jan 2012 19:06:44 +0000

Renter’s insurance protects you from Liability while living in your new property. This also can cover your personal belongings while you are living there

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Where can I find copies of the documents that I have signed with Your Local Leasing Company?

Rob Coldwell — Sat, 28 Jan 2012 19:04:21 +0000

All documents are placed electronically on the ‘Resident Portal’, there is no charge for the ‘Resident Portal’ which you have access to 24/7.

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Who do I call to switch utilities to be in my name?

Rob Coldwell — Sat, 28 Jan 2012 19:03:33 +0000

This information will be provided to you in your move in packet Preferred Vendors List Delaware County: PECO (Electric and Gas) 2301 Market St. P.O. Box 8699 Philadelphia, PA 19103-1380 Pay by mail: PECO – Payment Processing P.O. Box 37629 Philadelphia, PA 19101-0629 Pay by phone: 1-877-432-9384 ($3.50 Fee) Pay online:www.peco.com/ebill AQUA PA (Water) 762 [...]

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Where do I send my statement of present condition when it is completed?

Rob Coldwell — Sat, 28 Jan 2012 18:59:21 +0000

Choose one of the following methods: Mailing Address: 630 Parkway Drive, Broomall, PA 19008 Email: MyNewPlace@yllco.com Fax: 1-877-473-6821

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When is the statement of present condition due?

Rob Coldwell — Sat, 28 Jan 2012 18:57:17 +0000

Within 5 days of your Lease Start Date

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Why does Your Local Leasing Company require $1,000,000 in liability insurance?

Rob Coldwell — Fri, 27 Jan 2012 19:07:23 +0000

Our owners require this amount, although not all insurance companies provide this, most insurance companies do and their rates are very reasonable.

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Where do I find the name of the Property Owner and Property Manager of the property to obtain Insurance?

Rob Coldwell — Fri, 27 Jan 2012 19:05:11 +0000

The first page of your lease that is provided by Your Local Leasing Company Preferred Vendors Mike Harney | State Farm Agent 610-586-8773 428 MacDade Blvd. Folsom, PA 19033 Thomas J. Levy |Levy Insurance Agency, LLC 610-338-0800 500 Abbott Dr. Suite D2 Broomall, PA 19008

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When do I receive keys to the property that I have just rented?

Rob Coldwell — Fri, 27 Jan 2012 18:55:11 +0000

You will receive the keys on your move in date provided that everything is approved with Your Local Leasing Company To Be Approved by Your Local Leasing Company, you must have the following: Renter’s Insurance Sign all documents with Your Local Leasing Company pertaining to your new property Have your Utilities set up All monies [...]

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What is the procedure if I get a roommate and I want to add them to the lease?

Rob Coldwell — Thu, 26 Jan 2012 18:45:56 +0000

The potential roommate would have to go through Your Local Leasing Company‘s approval process, just as the original applicant had and pass.

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Once I place a Holding Deposit on a property is that refundable?

Rob Coldwell — Thu, 26 Jan 2012 16:33:00 +0000

The Holding Deposit is fully refundable if you are denied for any reason. If you are accepted it is applied to your move-in costs. If you do not return the application and supporting documents within 48 hours or walk away the Holding Deposit is forfeited.

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Once I place a Security Deposit on a property is that refundable?

Rob Coldwell — Thu, 26 Jan 2012 16:32:21 +0000

No. All monies collected after acceptance from the Owner becomes forfeited if you walk away for any reason.

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