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.
If you’re new to the real estate industry, the language can be a little overwhelming. Like many industries, real estate has its own jargon and learning that jargon can be a difficult (but essential) part of entering the rental property business. This is why we’ve put together this Ultimate Real Estate Glossary! To jumpstart […]
You can’t close a rent agreement with just a handshake! Nowadays, nothing is verifiable (or provable in court) until there’s lease documents to back it up. Still, we’re amazed at the number of landlords who don’t get important information in writing when dealing with their tenants. Landlords are required to process and manage multiple […]
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 […]
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 […]
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 […]
What happens if the pandemic goes on for the next six months? The next year? What if it goes on much longer than we were originally expecting, and lasts another two years? With the way experts have been talking about the potentially slow delivery of a vaccine, that’s a possibility that’s starting to seem increasingly […]
In this Investors’ Game Plan series, we’ve talked about everything you need to know before diving into the industry in Part 1, and Part 2 looked at how you can create a foolproof marketing strategy for your rental business. Assuming you’ve done well on those two fronts, by now, you’re probably beginning to gain pretty […]
In this 3-part series, we’re showing rental investors how to approach building a business the same way that entrepreneurs do it. In Part 1 of The Investors’ Game Plan series, we talked about some of the most important considerations to think about before setting up your rental business. This installment is about creating a foolproof […]
We manage lots of properties for landlords who don’t live in the local area (Metro Detroit), or even in the country. For out-of-state rental investors like these, having a dependable property manager to be their eyes and ears is probably the most critical part of their strategy. Because of this, out-of-town landlords need to […]
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 […]