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.
Man, these guys annoy us. We wrote a story about a tenant suffering at the hands of some con artists pretending to be landlords a few weeks back. Today, it’s time to talk about a different kind of criminal — one who gets away with their scam legally, albeit barely. We’re talking about the […]
Renovating is always a matter of ROI. Eventually, every property needs renovation. If you’re not careful, the process can take your home off the market for too long, making it less profitable than you need it to be. So how does a DIY Landlord do it right? Plan Ahead The worst thing you can do […]
Where do you de-stress? On some tropical island? In the cast of a play? At the disco? Wherever you de-stress, we’ll help you get there. If you’re a DIY landlord — someone with a handful of properties and little support to help you stay on top of them — chances are your life is full […]
If you’re not familiar with tipping points, Google ‘Malcom Gladwell’ and read up. Dude’s a genius. As a landlord in a variety of areas stretching from downtown Detroit all the way out to the far reaches of Macomb and Oakland counties, we work with a wide variety of neighborhoods (and people). We’ve got a kind […]
Hint: Asset earn money every month; liabilities cost. Since about the end of World War II, Americans were told by every source they had available that their homes were one of the most important assets they would ever own. Homes went up in value over time, you see, so once you had your home paid […]
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 […]
The Answer Is Not ‘Find Buried Treasure Under It.’ Sorry. One of the often-repeated lessons in the thousands of “Property Investment for Beginners” websites, seminars, classes, and other material out there is the simple precept Don’t Invest in Low-Income Neighborhoods (or some variation on that theme.) But like every rule in life, there are exceptions […]
Renovate (ren-oh-VAIT), v: “to make new again,” from the Latin reno meaning “money pit,” (see Reno, Nevada) + vate meaning “the act of upending your wallet into.” c. 13th century British. Renovating a home after a client has given it to your property management company to oversee is pretty much part-and-parcel of today’s PMing world. […]
“Hey, RRP. We just purchased a property out of foreclosure, and we know nothing about it.” There’s few times more hectic in a property manager’s life than the moment that a client calls you with those words. You know, right away, that you’re going to be a busy manager for the next few days at […]
Curb appeal is one thing, but what about yard appeal, backyard appeal, and the rest of the appeals? Real estate agents put a lot of value on curb appeal when selling houses, and to a degree, property managers tend to as well — it’s important that the first impression that a house makes on a […]