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.

2021-03-01

The Ultimate Real Estate Glossary: Letter Bs

  New to the real estate industry? Knowing the right terms can help you learn faster, engage with your industry peers, and propel your real estate business further. Getting familiar with all the industry jargon usually takes some time, but this comprehensive real estate glossary makes it easy for you to walk and talk like […]

2021-01-04

Key Steps to Long-Distance Rental Investing, Part 1: The Basics

Anything long-distance tends to be trickier, whether that be a relationship or an investment! But if you have the key steps taken care of, the distance will be a mere factor, and not a hindrance to you achieving your rental investing goals. This is the first of our 3-part series on long-distance rental  investing. We’ll […]

2020-10-19

The Investors’ Game Plan, Part 3: Optimize Your Rental Business

In this Investors’ Game Plan series, we’ve talked about everything you need to know before diving into the industry in Part 1, and Part 2 looked at how you can create a foolproof marketing strategy for your rental business. Assuming you’ve done well on those two fronts, by now, you’re probably beginning to gain pretty […]

2020-10-05

The Investors’ Game Plan, Part 1: Develop a Rental Business Strategy.

  Looking to escape the 9-5 and attain financial freedom? Most people who dream of launching their own business want to gain full autonomy and the ability to live their lives more flexibly, rather than simply being stuck behind a computer desk. Yet nearly half of all new businesses fail within their first 5 years […]

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 […]

2020-08-24

How Can Landlords Prepare for Another Pandemic Shutdown?

  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 […]

2020-08-10

What’s the Best Strategy for Growing a Rental Portfolio?

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 […]