Blog

Welcome to the Logical Property Management Blog. Below you'll find blog posts specific to Property Owners or Tenants to learn more about how we work and what you should be looking for.

2020-09-21

How Can Landlords Prepare for Another Pandemic Shutdown?

  These past coronavirus-filled months have been extraordinarily difficult for most landlords. Though way back in March, President Trump expressed positivity that we’d get over this pandemic “quickly,” in reality, nobody knows how long this will last. Many landlords weren’t prepared for the pandemic shut down and didn’t have reserves or financial planning in place […]

2020-09-14

What’s the Best Strategy for Growing a Rental Portfolio?

The end goal for most rental investors is to generate enough rental income to be able to quit their job. What strategy should you use to grow your rental portfolio to this point?  Let’s explore two different strategies: quickly paying off your mortgage versus consistently refinancing to remove equity for additional purchases. Each has its […]

2020-09-07

Pros and Cons of MF vs SFR

Many property investors start out with single-family rentals because they’re easier to acquire and more familiar. As your unit count grows though, you may want to consider buying multi-family properties. A multi-family property may consist of units in a building with a common entrance or units with separate entrances. Several of either building type may […]

2020-08-24

Are You Ready to Scale Up Your Rental Business?

  Most rental investors enter the industry thinking not just about owning a single rental property, but about how they can eventually acquire 2, 3, 4, or dozens of rental properties one day and retire from their day jobs. If you’ve put all your available capital into property #1 and are planning how to acquire […]

2020-07-20

A Changing America: “Tenants For Life” Numbers Rising in the US

How Will It Impact Metro Detroit?   Gone are the days when owning a home was synonymous with fulfilling the great American dream. Is “Tenants for life” really the trend now.? Homeownership in America is now in decline amongst the younger generations. Although Census data for the 2020 Housing Vacancy Survey shows that about 65% […]

2020-07-13

The Limitations of Online Tenant Screening Tools

Online tenant screening tools are easy and relatively cheap to use, but are they giving you the best overview of tenants’ backgrounds and reliability in terms of maintaining the property and paying rents on time?  If you’re dealing with applicants with high credit scores, this probably won’t be an issue for you. On the other […]

2020-07-06

Preparing for Extreme Rental Property Damages and Maintenance Issues

It should be expected that something will always go wrong or need fixing with any rental property. These extreme rental property damages and maintenance Issues often depends on the age and amount of deferred maintenance of a property and the demographics of the tenants. There are, things that most landlords aren’t prepared for either financially […]

2020-06-22

Beginner’s Guide to Working with a Property Management Company, Part 2

“Interviewing a Property Management Company”   Self-managing your rental properties can be challenging and time-consuming, especially for landlords who are scaling up their portfolios. This is where having a good property management company can be a huge asset There are many property management companies (PMC’s) to choose from, both good and bad, so gathering as […]

2020-06-15

Beginner’s Guide to Working with a Property Management Company, Part 1

Hiring a good property manager can be the key to scaling up your rental investments. Working with a property management company frees up time for landlords to focus on growing their rental portfolio, rather than on the day-to-day business of tenant screening, property inspections, and maintenance issues. So if you self-manage and you’re looking to […]

2020-06-08

What the Rent & Mortgage Cancellation Act Would Mean for Landlords

Coronavirus has shown us more than ever that landlords need to be aware and active with what’s happening on a legislative level in their state, and even nationally. If you own a property in a city you don’t live in, will the local government even care about what you have to say? Or will they […]