Property Management Blog

Blog Post Real estate is not just about real estate
By Cruise Property Management - Tuesday, October 1, 2019

Real estate is not just about real estate

I usually post topics directly related to real estate, but I want to post something completely different here. On November 2nd, 2018, Chicago Tribune published a news about EtO emitting companies in Lake County. One is in Waukegan and another one is in Gurnee. Ever since I h...
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Blog Post 8 Reasons Why I Do NOT always Get Multiple Bids for Repairs
By Cruise Property Management - Tuesday, September 10, 2019

8 Reasons Why I Do NOT always Get Multiple Bids for Repairs

When you have something to repair, it’s common to get multiple estimates/quotes/bids. That’s what I did when I had to replace HVAC in my own home in the past. The cost differed drastically from less than $5,000 to more than $10,000. It would sound crazy then to just p...
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Blog Post How much does it cost to change a light bulb?
By Cruise Property Management - Wednesday, July 10, 2019

How much does it cost to change a light bulb?

Reading the title, you might be thinking, “You got to be kidding. With all the money I have been paying to you, you are going to charge me just to change a light bulb?” My answer to that is, “Yes, absolutely, and it’s very expensive.” We all kno...
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Blog Post
By Cruise Property Management - Tuesday, June 25, 2019

Verify ALL the information

I mentioned in the past that placing good tenants is one of the most important jobs any property managers can do. Done right, it’ll save the owner a lot of money. But the opposite is true also. Done wrong, it’ll be a disaster.Short of life changes after placing tenant...
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Blog Post
By Cruise Property Management - Wednesday, June 19, 2019

Best way to find good tenants

In the previous blog, I wrote about one of the most important jobs any property manager can do, which is to find good tenants. This will prevent you from having a lot of headaches. In it, I wrote about 5 criteria to consider. But there’s one more important thing you need to...
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Blog Post
By Cruise Property Management - Wednesday, May 15, 2019

The most important job property managers do - Tenant placement Part 1

I wrote about “What Property Managers Do” in the past. There are more than 60 things I do, but some are more important than the others. So what is the most important jobs that property managers do? I think it is choosing the right tenants. Once that is taken care of, ...
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Blog Post
By Cruise Property Management - Tuesday, May 7, 2019

4 Things to Know Before You Hire a Property Management Company

There is this great blog by Landlord Source called “What to Expect from Your Property Management Company.” You can read it here. Hiring a property manager is a little different than managing your own properties.Make sure you know the responsibilities of the manager. T...
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Blog Post
By Cruise Property Management - Wednesday, May 1, 2019

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

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...
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Blog Post
By Cruise Property Management - Tuesday, April 23, 2019

Should you hire a property manager?

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...
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Blog Post
By Cruise Property Management - Tuesday, April 16, 2019

What property managers do

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...
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