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.
“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 […]
At the start of 2020, Metro Detroit’s real estate industry was performing well. Many investors were looking forward to the onset of the spring homebuying season, until coronavirus hit pause on everything. According to Retail Wealth Network’s 2020 market research report, the Motor City has shown a year-on-year real estate market growth across a […]
When you hear the word “squatters”, it probably conjures up images of a homeless community or an abandoned house used as a drug den in the inner city. Though in many cases that may be true, modern-day squatters may be someone you diligently screened and leased to. Whether one of your holdover tenants refuses to […]
Tenant exit survey can be an effective tool to improve tenant retention by addressing any issues that may be causing your renters to look for a new home. Most tenants regularly move for a variety of reasons; it’s merely the nature of the business. The more doors you manage, the more times you have […]
Learn how to find & buy properties in Detroit, and make money through real estate investing. Investing in real estate is a tough gig to get in on, especially when you have no idea where to start. Here are a few of the tactics that our owners have used to find their first — or […]
Winter is always a busy time for the Maintenance crew, and the kinds of work that need doing in the winter tend much more toward ‘emergency’ This year, Metro Detroit got really cold. The news pointed out on a couple of occasions that it was colder in Detroit than it was in Antarctica! And that […]
While there are no 100% hard-and-fast rules, here are some things that you definitely do need to keep in mind when you’re pondering that question One of the biggest problems with the high-risk/high-reward nature of the real estate market in the City of Detroit (versus the suburbs) is that when you hit that ‘high-risk’ side […]
Flesh out the ideal renter that you visualize as you write and market your listing. Last week, we defined what exactly a ‘target market segment’ was, and also talked a bit about the relationship between features, benefits, and market segments. Now we’re going to tell you exactly how to pick out market segments for your […]
Most cities in Metro Detroit are worlds apart. The Metro Detroit area is one of the most polarized areas in the nation. One part is populated with people who tend strongly to be low-income, low-education, and low-demographic. The other is populated with people who tend to fall much closer to the national averages in those […]
Blighted neighborhoods are genuinely a trap, but they’re only a trap for the unwary. Blight – in Detroit, it’s essentially defined as “a property that hasn’t been maintained in so long that it is an eyesore and a hazard.” Detroit has several areas that are blight-ridden, where literally one street looks like any other (low-demographic) […]