Property Management Blog

Tuesday, May 5, 2020

283 Lionel Dr, Grayslake, IL - Available for rent
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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, 9' first floor ceilings, 6-panel white doors, beautifu...
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Tuesday, May 5, 2020

How did COVID-19 affected the real estate market in Lake County, IL?
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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.
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Thursday, April 9, 2020

4 Ways to enter rent to QuickBooks
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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 “Make Deposits” will be good enough. Just go to &l...
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Tuesday, March 3, 2020

Trust but verify what your property management company is doing (even if they are good)
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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 completely trust your management company and just enjoy whatev...
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Wednesday, February 26, 2020

Smoke Alarm Written Testing & Maintenance Information
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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.  But did you know that if you are a landlord, you are respo...
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Thursday, February 13, 2020

How to enter the payment (owner draw) received from your PM to QuickBooks
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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 feel there are a few pieces missing. I would like to introduc...
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Wednesday, January 29, 2020

One of the best things about hiring a property manager
If you hire a right property manager for your rental property, you will enjoy a lot of benefits. You will save time, you have less bookkeeping to do, you don't have to deal with tenants, and so on. However, there's one benefit that almost no one is talking about. That is hiring a property manager will turn you into a business owne...
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Thursday, January 2, 2020

Changing the light fixture globe
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It looks like a very simple problem. A contractor who was trying to replace a light bulb from this ceiling fan dropped the globe (the half-sphere glass that covers the light) and broke it. Long story short, the contractor didn't replace it, so I had to get a replacement. As you know, there are a lot of different types of light fixture...
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Monday, December 16, 2019

My unique strength
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We all have strengths and weaknesses. It’s the same with business. Every business have strengths and weaknesses. So what is the strength of me being your property manager? I believe it’s the fact that I can see the business from the owner’s perspective.Regardless of how hard you try, it’s sometimes too easy to forg...
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Wednesday, December 4, 2019

Now you can park!
The concrete slab was just no repairable. Now it's replaced with a nice new gravel.
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