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.

2021-04-05

10 Lease Documents Every Landlord Needs to Protect Themselves

You can’t close a rent agreement with just a handshake! Nowadays, nothing is verifiable (or provable in court) until there’s lease documents to back it up. Still, we’re amazed at the number of landlords who don’t get important information in writing when dealing with their tenants. Landlords are required to process and manage multiple lease […]

2021-03-22

The Ultimate Real Estate Glossary: Letter Cs

  Have you ever paused reading a real estate article just to search the meaning of the terms and jargon they use? If you’re a landlord who’s just starting out, all the terminology can seem overwhelming at first.  That’s why we’ve put together this comprehensive list of jargon and terms in our Ultimate Real Estate […]

2021-02-22

The Ultimate Real Estate Glossary: Letter A

The real estate industry has so many terms, it truly is its own language! Most people will tell you to just learn the real estate glossary. as you go along—eventually, you’ll get the hang of it and pick up industry vocabulary. In reality, that takes a really long time. You don’t want to spend years […]

2021-02-01

Top 7 Tips on How to Maintain your Rental Property

As a landlord, you want to get the highest returns possible from your investments. Several factors affect your ROI, but the most important one is protecting the value of your properties. The best way to protect their value is to maiontain your rental property It might sound awfully simple, but it’s not as easy as […]

2020-11-23

Hiring a PMC? Consider this equation: Cheaper Price = Less Services

What do you get when you opt for the cheapest cell phone provider you can find? You end up with a lot of dropped calls, and less-than-satisfactory customer service (we’re not naming names, but we think you know which companies we’re talking about!). This is the same concept to consider when hiring a PMC. Digital […]

2020-11-09

How to Switch PMCs as Seamlessly as Possible

If you’ve already come to the decision to end the relationship with your existing Property Management Company (PMC), chances are they’ve dropped the ball in several aspects of their job. They could be disorganized, bad at communicating, or failing to deliver the quality of service that was promised or expected. But often this gets even […]

2020-09-14

Out-of-State Rental Investors: Clauses In Your Management Contract

  We manage lots of properties for landlords who don’t live in the local area (Metro Detroit), or even in the country. For out-of-state rental investors like these, having a dependable property manager to be their eyes and ears is probably the most critical part of their strategy. Because of this, out-of-town landlords need to […]

2020-09-07

PMCs: You Get What You Pay For

One of the most valuable things a PMC does for a DIY landlord is make their rentals a business, not personal. So, if you met a potential partner who was going to help you run your business, would your first priority be making sure that they took as little payment as possible for their efforts? […]

2020-06-22

Beginner’s Guide to Working with a Property Management Company, Part 2

“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 […]

2020-06-15

Beginner’s Guide to Working with a Property Management Company, Part 1

Hiring a good property manager can be the key to scaling up your rental investments. Working with a property management company frees up time for landlords to focus on growing their rental portfolio, rather than on the day-to-day business of tenant screening, property inspections, and maintenance issues. So if you self-manage and you’re looking to […]