Blog

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.

2021-09-13

How to Use Retirement Money for Real Estate Investing

  If you’re like most people, you might think of investing your retirement money in stocks, mutual funds, and exchange-traded funds. You probably didn’t consider real estate to be an option—even though the Internal Revenue Service (IRS) freely allows retirement accounts to invest in properties. Why should you consider real estate, you may ask? Well, […]

2021-08-23

The Ultimate Real Estate Glossary: Letter M

  The real estate industry can be a daunting prospect if you’re new to it as a tenant or property manager. That’s why we’re bringing you the next installment in the Ultimate Real Estate Glossary series.  Real estate terminology is almost a whole different language at times, so our guide covers words and concepts that […]

2021-08-02

How to Decide Where to Invest in Rental Properties

  Now that you know how to buy your first rental property, you’ll need to decide where exactly to invest. As the industry always points out, location is one of the most important factors in real estate investing. That’s the whole reason for our deep dive series on the diverse areas in Metro Detroit, where […]

2020-12-07

What Will Happen to the Rental Industry if the Pandemic Lasts 2 Years?

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 […]

2020-08-24

How Can Landlords Prepare for Another Pandemic Shutdown?

  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 […]

2020-08-10

What’s the Best Strategy for Growing a Rental Portfolio?

The end goal for most rental investors is to generate enough rental income to be able to quit their job. What strategy should you use to grow your rental portfolio to this point?  Let’s explore two different strategies: quickly paying off your mortgage versus consistently refinancing to remove equity for additional purchases. Each has its […]

2020-02-03

Understanding Capitalization Rate

  Predicting how profitable a real estate investment is vital in determining whether to purchase one property over another.   The capitalization rate, commonly known as the cap rate, is a metric used to determine the rate of return (RoR) of an income-producing property without taking into account any mortgage payments. The figure, expressed as […]

2016-12-12

Choosing a Short-Term Investment/Vacation Rental Property

Strange as it sounds, a short-term investment property is generally intended to last a long time.   ‘Short-term,’ here, refers specifically to properties that are intended to be rented out to tenants for short terms — several days, maybe a month on the outside. Short-term properties have become very popular in destination cities as apps […]

2016-10-10

What to Do when a Property Manager Fails

Property Managers aren’t perfect, and sometimes we fail hard enough to deserve getting fired. But ditching your PM has ramifications, and you should know what you’re doing when you make the call. There’s almost too much advice on the Internet about how to hire the ‘right’ property manager — but almost none on how to […]