Compass Property Management LLC
The company was started in 2005 and became a Limited Liability Company in January of 2006. CPM was started to help property owners maximize their profits and minimize their headaches. Joseph Leofsky is the Broker for CPM and has over 30 years’ experience in residential and commercial real estate. Joe started Compass Property Mgmt. LLC to help property owners with leasing, buying, and selling investment properties. Today the primary focus is on managing properties.
What does CPM do?
Compass Property Mgmt. LLC handles the tenants and paperwork. We take care of legal forms, leases, rental licenses, and inspections. We find and screen new tenants that are suitable for your properties. We run credit, eviction, and criminal background checks. We verify income and employment. We maintain accurate records of all communications both verbal and written. We maintain accurate and timely records of all rent receipts. All rents received will be date stamped and a receipt will always be given to the tenant. We will notify the tenant of any delinquent payments in a timely and legal manner. We maintain accurate records in the event that legal action becomes necessary. We can file legal documents and, if necessary, appear in court.
Compass Property Mgmt. LLC manages properties in Lancaster, Chester, and Berks counties (in PA).
Why was CPM started?
There was a need for professional management of rental units to limit owners’ liabilities and to increase profits and efficiency.
What does it cost?
Depending on the location, number and type of units, and what the owner requires, the rate can vary from 6% to 10%.
Do I have to sign a long-term contract?
No, we do not require a yearlong contract.