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.
Here’s the story of Marco (maybe it sounds familiar…?) Marco really wants to get into real estate investment. He has no idea how to do it, but he wants to become rich like Donald Bren—the wealthiest real estate mogul in the world, with an estimated net worth of $15.5 billion and hundreds of properties under […]
If you’re new to the real estate industry, the language can be a little overwhelming. Like many industries, real estate has its own jargon and learning that jargon can be a difficult (but essential) part of entering the rental property business. This is why we’ve put together this Ultimate Real Estate Glossary! To jumpstart […]
There will come a time in almost every rental investment journey where you have to enlist the assistance of a property management company (PMC) to handle your growing portfolio. This typically happens when landlords are expanding their property portfolios to a size beyond the capabilities of self-management. When it’s time to hand over the […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]