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.
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
You can’t be profitable if your cash is flowing in the wrong direction. We came across a study recently that pointed out a startling statistic: 82% of failed businesses fail for the same reason — poor cash flow management. What does that mean? Basically, it means that businesses fail because, despite having a good product […]
Why lose a tenant and cost yourself a bunch of time and money just because you’re not at the top of your game one day? There’s no better way to lose a tenant than to hit them with bad news in a bad way. Never has a lease been broken faster than when a cranky […]