Author: Alex Delaney  At Compass Property Management, we are staying on top of our rent rolls. We are following up with all delinquent tenants, offering them empathy, support, resources and options. We are allowing weekly payments, if necessary, for those reliant on unemployment checks. We suspended late fees for April and May and we are…

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Author: Alex Delaney You are not alone. The Covid-19 pandemic has rocked our world to the core. But you don’t have to wait for everything to fall apart. There are steps you can take to keep your credit in good shape, or at least keep it from bottoming out. 1) Determine your budget. We are…

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Author: Alex Delaney Section 8 has a bad reputation. While not all Section 8 tenants are problematic, there are enough horror stories to keep landlords from considering this program, especially those with personal experience. Landlords, who have pulled out of the system long ago, cite problems getting the tenant’s portion of rent, overzealous inspectors with…

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Author: Alex Delaney In this time of social distancing, vacation plans have been put on hold creating a devastating financial setback for short-term vacation rental owners. There is a lot of concern that the current pandemic situation will not resolve until a vaccine is available, which is currently projected to be a year to a…

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Author: Alex Delaney Landscaping is a major indicator of how long an A or B list property stays on the market. If your rental property looks shabby in comparison with the surrounding properties, a rental prospect will likely go to the house around the corner. But you don’t have to spend a fortune to make…

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Author: Alex Delaney Setting rent can be tricky business. You want to get a good return on your investment, but you won’t be successful if you set a certain rental amount without considering other factors. To get the best return on your investment there are four things you should strive for: Make sure you purchase…

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Author: Alex Delaney Your first order of business in rental property is making your property desirable to renters without breaking your budget. The best way to determine what to spend on improvements starts with a critical assessment of your property and the surrounding properties.  Generally, there are three classes of properties:  “A” properties are high…

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Author: Alex Delaney So you’ve taken the plunge into developing a passive income stream. Pat yourself on the back. Not only are you creating future monthly income, but you also own an appreciating asset. In addition, you have just given yourself some great tax benefits. There are, of course, two major issues when dealing with…

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Author: Alex Delaney The Prediction: Many economists, from JP Morgan, to Forbes and Moody’s Analytics, are predicting a 2020 global recession. According to a panel of over 100 housing and real estate economists, we are likely heading for a recession in mid to late 2020 or early 2021. But experts agree that a housing bust…

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Author: Alex Delaney Many people appreciate neighborhoods with HOAs as they maintain a certain level of aesthetics. HOAs have rules to maintain property values and community interests. This can be a good thing. Association officers often check for compliance and send notices when rules are not being followed, giving you, the landlord, another eye on…

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