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Protecting your home and investment property is paramount in today's world. At Compass Property Management, we understand the significance of security for protecting your property and your peace of mind. Our experts offer valuable tips and advice, ranging from simple measures to cutting-edge technologies, to help you safeguard your home and investment. In this article, we'll explore practical strategies and innovative solutions to enhance the security of your property, ensuring that your valuable assets are well-protected. How to Improve Your …

If you own a residential property and want to rent it out for a shorter period of time, you may want to consider a month-to-month lease agreement. Most traditional lease agreements last at least 12 months, so choosing to opt for a month-to-month lease can come with a few benefits. There are various situations in which a month-to-month lease will make more sense, such as planning to sell the property or renting in an area where shorter lease periods are more sought after. We will discuss the pros and cons of opting for a month-to-month lease in…

Pricing a rental property in Grand Rapids, Michigan, requires a strategic approach. As a landlord, setting the right rental price for your property is crucial to balancing competitive market rates with your property's unique features and the current market demand. This guide will walk you through the essential steps and considerations for effectively pricing your Grand Rapids home for rent. How to Price Your Rental Property 1. Understanding the Grand Rapids Rental Market The first step when pricing your rental home is to gain a solid understan…

Choosing to renovate a rental property can be a strategic move for landlords looking for ways to enhance the value of their investment, attract and retain residents, and potentially justify higher rent prices. The key is to focus on renovation projects that appeal to a broad resident base, make your rental more competitive compared to other rental properties in the local rental market, and offer a good return on investment. Here are some of the best rental property renovations to consider for your next project. 10 Affordable Upgrades for Your…

Renting out your home can be a simple way to gain financial freedom. Rental properties not only help you grow your long-term wealth but can also earn you a stable passive income. However, it’s important to note that managing a rental property is no walk in the park. Landlords have a wide range of responsibilities from advertising their properties and screening residents to addressing repairs and residents' complaints promptly. In addition to these day-to-day responsibilities, landlords have to comply with numerous laws and regulations. With so…