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.
Detroit’s Islandview neighborhood is getting $3 in million public-private investment to transform six aging duplexes into 12 modernized homes. Crain’s Detroit Business reports that the project is combining city funding with local and national nonprofit support to deliver a mix of affordable and market-rate housing. For investors, projects like this aren’t just “window dressing.” They […]
The latest rental market data shows that landlords are seeing fewer leads and longer days on market (DOM), yet conversion rates are… climbing? What gives? Well, it seems that while the pool of prospective tenants is shrinking, those who are actively searching are more serious and ready to sign a lease. We’ve been given access […]
America is grappling with a severe housing shortage, with estimates indicating a shortfall of anywhere from 2 million to 6 million homes. This crisis is largely driven by local zoning rules that dictate where and what types of homes can be built. And, as efforts like the National Zoning Atlas start to shed light on […]
Maintenance costs can be a major headache when it comes to managing your rental properties. You always have to be prepared to face structural issues, and plumbing and fixture inspections, and what comes with it is hefty out-of-pocket costs. Just ask Buzz after Kevin trashed his room in Home Alone! Your rental property needs care […]
Challenges are inevitable when you own or manage a rental property. One such challenge that landlords often struggle with is waste management. For instance, tenants letting trash pile up can cause you many headaches. For one, it’s a health concern, with the possibility of attracting vermin. On top of that, improper waste disposal can lead […]
How should your tenants pay for their monthly rental fees? This is a hot topic among landlords—finding out the best way to collect monthly rental payments. Some landlords still prefer the traditional method of collecting rent checks and depositing them in the bank. In contrast, other landlords have fully embraced technology and have gone digital, […]
Incredible friendships are painful to lose; the same goes for losing those one-of-a-kind tenants. The ones you let you know they’ve just fixed the kitchen pipe on their own account, ask before they plow the back lawn—that kind. So, when a long-time renter ups and leaves without so much as a goodbye and the last […]
As interest rates creep higher, real estate investors feel a pinch squeezing their profit margins. While it’s still possible to make a healthy return on your investment in this market, those who react quickly and intelligently to changing conditions will stay ahead of the curve. Moguls are forging ahead regardless, while newbies should learn flexibility […]
A lot of our investors and clients are asking us what to do and what to expect with a recession coming. Now, let’s look at this logically: Some people are going to lose their jobs, and won’t be able to afford rent. As a result, landlords will be forced to evict them and start renting […]
You have to consider many risks when getting into real estate investing. Some of them you might already know, while some are less talked about in the industry—albeit still crucial in creating a long-term, profitable, successful real estate investment portfolio. Here, we list the key types of risks that residential and commercial real estate investors […]