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.
Want to Fix Tenant Toilets at 3 a.m. and Lose All Your Money? Being a DIY landlord can, if you play your cards right, be a pretty low-key affair – our last week’s blog post has some clutch pointers on that. But it’s also fairly normal for landlording to kind of creep out of its […]
Fortunately due to modern technology, the trees can breathe easy since many property management paperwork are now digitized. Property management styles run the gamut from the laissez-faire “Do nothing unless someone calls you to complain” to the highly intensive “stay on top of everything and document everything that happens along the way and produce regular […]
study found that closing times on real estate rentals are getting longer—on average it now takes 50 days. Royal Rose Properties does a lot of things for our owners. We manage renovation, repairs, marketing, inspections, move-ins and -outs, collections, evictions, and more. Each of those tasks takes time, but many owners don’t really have a […]
Realtors use the same strategies their competition is using and somehow expects better results. Any kind of post proposing to talk about ‘targeting’ a property advertisement has to begin with a caveat: do not take anything in this post as advising you to do anything that would violate the Fair Housing Act. That will get […]
A Contract is a written list of the promises you have made. A Property Management Agreement is a complicated document. We get enough questions about ours that we figured we should probably do a little “Plain English” breakdown of the beasts. Keeping in mind, we’re not lawyers and nothing we say should be taken as […]
Different in a good way. Recently, one of our employees — the wonderful young woman who represents us at all of the local trade shows and association gatherings — asked me a question that really got me thinking. “What makes Royal Rose Properties different from the other property managers in the Metro Detroit area?” It […]
“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 […]