Property Management Blog

Why should you hire us?

By Cruise Property Management Wednesday, May 20, 2020

Somebody needs to manage your rental property. The first questions you want to ask is are you going to manage or are you going to hire a property management company? In order to decide that, you have to ask yourself 3 questions.If you decide to hire a property management company,...

4 Numbers You Want To Know Before You Buy Your Rental Property

By Cruise Property Management Thursday, May 14, 2020

Buying a rental property is a big financial decision. While there is no bulletproof way to make sure that you never fail, you can verify the following 4 numbers prior to purchasing to reduce your risk.Cash flowReturn on your moneyAppreciationMaintenance costLet’s go over on...

How did COVID-19 affected the rental market?

By Cruise Property Management Tuesday, May 12, 2020

This video will show you the latest Chicagoland rental market graph of week 5/4/20. Something unusual happened in 2019, and that makes it looks like 2020 is better. but if you look week by week, the trend is still the same since the COVID-19 shutdown.

How did COVID-19 affected the rental market?

By Cruise Property Management Sunday, May 10, 2020

How is the 2020 rental market doing compare to 2019? How about before the COVID-19 shut down and after the shut down? This video will go over two charts to see if there are any changes.

283 Lionel Dr, Grayslake, IL - Available for rent

By Cruise Property Management Monday, May 4, 2020

Available for rent is a newer 3-bedroom/2.5 bath townhouse at Lake Street Square in Grayslake. The clean and amazing AMHERST model offers 1,764 sq feet of living space with dark Maple cabinets, stainless steel appliances, and recessed lighting. Enjoy the open floor plan...

How did COVID-19 affected the real estate market in Lake County, IL?

By Cruise Property Management Monday, May 4, 2020

April 2020 was the first month where the USA real estate market got affected throughout the month. Let's take a look at some of the graphs to see how, if any, the real estate market in Lake County got affected by COVID-19.

4 Ways to enter rent to QuickBooks

By Cruise Property Management Wednesday, April 8, 2020

When it comes to bookkeeping for rental property owners, entering rent received to an accounting software is one of the most fundamental works they do. This blog will show you 4 ways to enter rent in QuickBooks, and when to use which method.For many of the owners, simply using &l...

Trust but verify what your property management company is doing (even if they are good)

By Cruise Property Management Monday, March 2, 2020

One of the main reasons why people hire a property management company is so that they don't have to spend their time doing bookkeeping, answering calls, coordinating maintenance, etc. In short, some people rather pay and save time than do it themselves. But should you co...

Smoke Alarm Written Testing & Maintenance Information

By Cruise Property Management Tuesday, February 25, 2020

It’s very easy to test a smoke detector. Just hold the test button for a few seconds and confirm the alarm sound. Who needs instruction for that, right? Probably the hardest part is to reach the button if the alarm is located high or to remember to test it every month. &nbs...

How to enter the payment (owner draw) received from your PM to QuickBooks

By Cruise Property Management Wednesday, February 12, 2020

One of the most important jobs for rental property investors is to analyze the income & expense. The first step to do this is by having an accurate record. While there are a lot of books and videos available in terms of how to do bookkeeping for rental property investors, I f...

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