Property Management Blog

Should I pay off my mortgage? Part 5 (Diversification)

By Cruise Property Management Wednesday, May 1, 2019

I wrote 4 blogs so far about why you should NOT pay off your mortgage. This blog will talk about yet another reason why you don’t want to pay off your mortgage. It’s about diversifying the risk.If you only have one rental property because you paid off and didn’t...

Why you never know everything ("Just Housing")

By Cruise Property Management Saturday, April 27, 2019

Regardless of how good you are with learning, you will NEVER know everything you need to know about managing properties the right way. The reason is simple. Things change. The acceptable thing to do yesterday could become all the sudden illegal today. Let’s take a look...

Should you hire a property manager?

By Cruise Property Management Tuesday, April 23, 2019

I wrote a blog in the past about 20 questions to ask before hiring a property manager. But before you do that, you have to ask yourself if you really want to hire a property manager. Hiring a property manager is not for everyone. For some people, it’s better off managing by...

What property managers do

By Cruise Property Management Tuesday, April 16, 2019

You may wonder why property managers charge fees when all they do is just collect the rent, which may take no effort if tenants pay online. While that is not what all we do, even if that’s the case, we should charge something. The reason for it is because we need to be on s...

Should I pay off my mortgage? Part 4 (Lower payment)

By Cruise Property Management Tuesday, April 9, 2019

*Below is to show an example in a particular situation. In real life, you may have to consider your unique case and consult with an appropriate professional.In the past three blogs, I wrote about why it may be better not to pay off your mortgage. First of I talked about getting a...

Should I pay off my mortgage? Part 3 (Depreciation)

By Cruise Property Management Tuesday, April 2, 2019

*Below is to show an example in a particular situation. In real life, you may have to consider your unique case and consult with an appropriate professional.In the past two blogs, I wrote about why it may be better not to pay off your mortgage. First of I talked about getting a b...

Should I pay off my mortgage? Part 2 (Extra Equity)

By Cruise Property Management Tuesday, March 26, 2019

*Below is to show an example in a particular situation. In real life, you may have to consider your unique case and consult with an appropriate professional. At the last blog, everything being equal, I wrote about why buying multiple houses generates more cash flow than paying of...

Should I pay off my mortgage? Part 1 (Cash Flow Is King)

By Cruise Property Management Wednesday, March 20, 2019

*Below is just to show an example in a particular situation. In real life, you may have to consider your unique situation and consult with an appropriate professional. Let’s say you just got $200,000 mortgage for your primary residence and right after that inherited $200,00...

What's Wrong With "Great" Tenants?

By Cruise Property Management Tuesday, February 5, 2019

All owners are looking for great tenants. Those who have great credit scores, keep the house clean, have been working for a long time at secure high-income jobs, no criminal history, and no evictions. There are two problems with these types of people. Can you figure out what they...

January Real Estate Notes

By Cruise Property Management Wednesday, January 30, 2019

I want to share some stories that I read in Jan '19. Emotional Support AnimalIt is unfortunate, but some people lie and call their animal, "emotional support animal" by providing some questionable certificate. This is their way of renting a house that does not ...

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