Compass Property Management Blog

Home warranties have their place in the property owner’s toolbox. They cover the costs of unexpected systems repairs such as heating, cooling, plumbing and electrical. They cover most major appliances. They can even cover pools and hot tubs, although extras such as these are generally charged a higher premium. Home warranties cost approximately $250 to $500 a year, more for specialty items such as hot tubs. In addition, you will be charged a service fee for each reported incident, usually between $50 and $100 per incident. The Upside If your …

It's not a secret: rental properties require ongoing maintenance and repairs. It's more than making your investment property look pretty from the outside and hoping it catches a renter's eye. Success as a real estate investor requires an intentional, proactive response to maintenance issues to keep properties in high-quality condition to attract the best metro Atlanta renters. However, troubleshooting and responding to maintenance requests can become an astronomical challenge if you're an out-of-state or international property owner. Trying to …

Most states require a real estate license for anyone involved in property management activities. It can get a little confusing as some states’ real estate statutes never even mention the words “property management”. For example, Idaho, Maine, and Vermont do not require any license to be a property manager. On the other hand, Montana, Oregon, and South Carolina allow property managers to work under a property management license instead. Requirements A realty license is typically required if you are involved in any of these six activities: Adve…

Owning Metro Atlanta rental properties requires a lot of work to keep them profitable. Have you considered hiring a property manager to help with the work—or handle everything for you? What does a property manager do that you can't do as a rental property owner? If you're struggling to justify the cost of a property manager versus continuing to manage properties, renters, and maintenance on your own, it's essential to understand what a property manager does that makes them worthwhile. Our biggest job is to support property owners—but what does…

It makes sense that investors who buy residential properties as rentals expect tenants to pay rent after they move in. So, it makes sense that when a tenant fails to pay their monthly rent or violates the terms of their lease in some other way, investment property owners and property management companies have the right to evict the tenant. However, after eviction moratoriums went into place in the wake of the global pandemic, investment property owners became concerned that renters would no longer be held to the eviction process, and many stopp…