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.
New to the real estate industry? Knowing the right terms can help you learn faster, engage with your industry peers, and propel your real estate business further. Getting familiar with all the industry jargon usually takes some time, but this comprehensive guide makes it easy for you to walk and talk like a real […]
The real estate industry has so many terms, it truly is its own language! Most people will tell you to just learn the real estate glossary. as you go along—eventually, you’ll get the hang of it and pick up industry vocabulary. In reality, that takes a really long time. You don’t want to spend years […]
What is equity? In simple terms, equity is the difference between the value of a house and what you owe. Equity can grow by itself and increase your net worth, providing a source of funds for you to acquire more rental properties. Keep in mind that equity is “invisible money” that only becomes cash when […]
All landlords have been facing unprecedented challenges since the start of the pandemic, but multifamily rental (MFR) owners arguably have even more headaches to contend with because of the impact of COVID-19. In addition to grappling with the financial implications of some of their tenants being out of work and unable to pay rent, Multifamily […]
As a landlord, you want to get the highest returns possible from your investments. Several factors affect your ROI, but the most important one is protecting the value of your properties. The best way to protect their value is to maiontain your rental property It might sound awfully simple, but it’s not as easy as […]
With so much online property data and records, the U.S. is one of the best countries in the world to invest in real estate. So, if you’re a foreigner looking to do Long-Distance Rental Investing in the Land of Opportunity, you’ve come to the right place! As part of our 3-part series on long-distance rental […]
Wondering how you can do long distance rental investing in the US while living in another state? There are plenty of reasons why you might want to invest remotely in the U.S. market: 1. There are better real estate investment opportunities outside of your state or current country of residence. 2. Home prices are too […]
Anything long-distance tends to be trickier, whether that be a relationship or an investment! But if you have the key steps taken care of, the distance will be a mere factor, and not a hindrance to you achieving your rental investing goals. This is the first of our 3-part series on long-distance rental investing. We’ll […]
We live in a world where communication is key, but not all businesses are good at it. Telecommunication providers, for example, are notorious for their annoying and barely-responsive customer services… if you can even reach them at all. It’s no different in the service-oriented real estate industry. PMCs are supposed to manage properties and tenants […]
Even prior to the pandemic, squatters gave landlords and property managers headaches. If you’ve been in the industry for a while, you’ve most probably heard of the concept of “squatter’s rights”. Most often, “squatter rights” are used to try to justify the illegal occupation of a property. Some states, including Michigan, have made squatting […]