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.
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) […]
50% of workers say they’re not sure what’s expected of them in their job. Sounds crazy, but it’s true! The Royal Rose Properties Maintenance Department deals with an extraordinary range of contractors, from the down-and-dirty “Chuck with a truck” guys to professional builders who offer ALL the services – and charge you for all those […]
A good property management team can make your investment work. Royal Rose Properties is a fairly unusual property manager – we do a lot of things that most property managers don’t. In particular, we’re renowned for our in-depth record-keeping, our unique approach to the most high-risk/high-reward neighborhoods in Detroit, and for having a relatively vast […]
Don’t stake your claim until you know the potential pitfalls. Investing in Detroit Properties – Once upon a time, a somewhat-nobleman of modest wealth from a land far, far away heard whispers of our land, which was of course just as far away from him as he is to us. The whispers traveled across the […]
Behind a “bad” tenant and Landlord relationship, lies a more nuanced story. If you just cruise the Internet at random, looking at stories from landlords and tenants about the other, you rapidly come to the conclusion that the tenant landlord relationship is naturally one of mutual contempt and loathing.Very few tenants have a lot of […]
Yes, that’s a 500 grand fine!! How do you like that? Last week, we laid out the basics of the Landlord Licensing (a.k.a. Rental Certification) process. This week, we’re going to talk about a few of the ways that the process can get challenging — specifically, the ones that will cost you a significant amount […]
That’s the business. If you don’t want to go through the Landlord Licensing process, go buy a corner store. Due to public outcry against “slumlords”, many cities in the US have some type of program that requires a landlord to pay a rental property registration fee, have their property inspected by the city and do […]
Having a checklist provides a systematic way to inspect the home for any outstanding issues. We’re going forward today with the most complete rent-ready checklist around, and this time, we’re doing the basics: things that every room needs, and things that every house as a whole needs as well. Each and Every Room Needs (Where […]