Property Management Blog

How much does it cost to change a light bulb?

By Cruise Property Management Wednesday, July 10, 2019

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...

Verify ALL the information

By Cruise Property Management Tuesday, June 25, 2019

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...

Best way to find good tenants

By Cruise Property Management Wednesday, June 19, 2019

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...

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

By Cruise Property Management Wednesday, May 15, 2019

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, ...

4 Things to Know Before You Hire a Property Management Company

By Cruise Property Management Tuesday, May 7, 2019

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...

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...

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...

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