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.
The Michigan State legislature has already approved Senate Bills 205-208, which together make it illegal for landlords to discriminate on the basis of income source. So can landlords still reject Section 8 tenants in Michigan? As of the time of writing (November 2024), the answer is: Yes. But for how long remains to be seen. […]
Landlords, take notice: The cost of a mortgage in Detroit is now cheaper than rent. The Motor City is one of only a handful of metros in the country that’s seen an increase in both rents and house prices, even as the rental bubble seems to be slowing in others. At the same time, attractive […]
Welcome to Corktown, the heart of Detroit’s booming rental market, where affordable housing and lucrative investment opportunities converge. There’s just one problem with taking advantage of all those great real estate gems… Whether you’re a seasoned investor or just starting out, the complexity of the City of Detroit—with its 183 neighborhoods—can be overwhelming. Each area […]
Purchasing your first investment property is an exciting venture that can lead to financial growth and passive income. However, it requires careful planning, thorough research, and strategic decision-making. This guide will walk you through the essential steps, focusing on the unique aspects of buying a property for investment purposes. 1. Financial Preparation Before embarking on […]
NOTE: we originally started publishing this data monthly back in April of 2020 to assist our clients in understanding the developments & corresponding challenges related to the Eviction Moratorium. With most landlord-tenant courts pretty much back to normal, and very little feedback from our audience about the data, we’ve decided to save our staff time and […]
Metro Detroit’s vibrant rental market and affordable housing make it a prime spot for buy-and-hold investments. Yet, with 185 cities and 290 neighborhoods, navigating this expansive area can be challenging, even for experienced investors. Leveraging over 20 years of local expertise, we’ve created this “Deep Dive” series to guide you through the intricate landscape of […]
The rental market in the United States is experiencing significant shifts, and landlords are sitting up and taking notice. Recent data from ShowMojo, based on over 500,000 on-market periods spanning mid-2017 to the present, highlights a concerning trend: the average days on market for rental properties continues to rise. This comprehensive dataset includes single-family, multifamily, […]
As technology advances, the rental market has seen a significant shift towards being tenant-driven. Why? Because people want convenience, quick resolution times, and more self-service options. And things like virtual tours, online scheduling for viewings, and online rental applications are making this possible. New data from thousands of rental listings shows just how much of […]
If you’re in real estate, you know that major developments can transform neighborhoods and cities. One of the most exciting projects currently underway in Detroit is Ford Motor Company’s transformation of the historic Michigan Central Station into a state-of-the-art tech campus. This nearly $1 billion investment is more than just a facelift for the Corktown […]
Since the year 2000, the cost of both renting and buying a home in the US has increased. But they haven’t done so at the same rate. This fascinating time-lapse graph shows how both monthly mortgage payments and rents have moved over the past quarter of a century – but there’s one huge difference that […]