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.
“This, too, shall pass.” We received word a few weeks ago that one of our major competitors in the Detroit area was going out of business. Of course, it’s always good news from a business perspective when a competitor leaves the arena, but we realize that many other people might have a different experience, and […]
Do you know what happens to an engine when the timing is off? The last two weeks, we’ve talked a little about some of the background processes that are invisible to our clients, but keep us on the top of our game. We’re doing that again today, but a little differently. This time, we’re […]
Some things you can brush off. These you can’t. Property management is one of many industries that operate on what market analysts call “asymmetry of information.” In other words, you as a client don’t know much about how a property management office actually functions — all you can do is look at what information you […]
One heck of a lot more than the guys who put out ads like this: Sometimes, it’s easy for a property manager to forget that there are home investors out there who simply don’t know why they might want to hire a property manager. If you own an investment residence — or you’re planning on […]
“How many licks does it take to get to the center of a Tootsie Pop?” — Sample Question not appearing on this list. If you’ve been following along, you know the drill by now — we’re talking about questions that you should be asking a potential property manager before you sign them on to manage […]
You’ve asked your prospective property manager everything you need to know to believe that they’re going to treat your tenants with the proper mix of respect and authority. Now, it’s time to determine how they’re going to treat your property itself: Do You Have Someone Available 24/7 For Emergencies? If a tenant’s furnace breaks down […]
So you’ve decided to hire a property manager — awesome! But how do you know which property manager is the right one? There are two basic steps: do your own research, and once you’ve gotten a short list of PMs you’d be willing to give a shot, interview each of them and write down the […]
We Started With a List of Twenty-Three, But We Narrowed It Down. It’s a little close to home, to be a property manager and decide to research what owners & tenants complain about their property managers about. But no matter what industry you’re in, it’s a good idea to have a firm grip on how […]
…is that you really want a job rather than an investment. There are a lot of property investors out there right now — probably more in the last five years than at any point in time since the New Deal. They come in all shapes, sizes, colors, beliefs, and even wealth levels. But the one […]
If the choice comes down to taking care of an existing property, or selling you a new one, what is your PM’s priority? There are a lot of property managers out there that also sell properties to investors. The question is, how good of a property manager are they if they’re trying to do […]