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.
We know a lot of real estate investors have their eye on Metro Detroit. Famous for its <$100k deals, prices here have been rising for the last decade–up over 100% since 2017. Rents have risen by over 50% in that period, too, giving rental investors great opportunities for both equity and rent growth. But if […]
Many investors miss one critical aspect of property management, and it costs them thousands of dollars—or worse, leaves them labeled as a slumlord. The truth is, to be successful, you must understand the class of your property and the type of tenants it will attract. Over-improving a rental property can be just as damaging to […]
Fix-and-flip investors understand that time is money. A surprise leaky pipe or blown roof can stall a renovation project—and the longer it’s stalled, the more expensive it’ll be. In healthy housing markets such as Detroit—where homes tend to require rehab before being placed on the market—having cash in hand can mean the difference between a […]
Detroit’s housing narrative is changing, and residents are at the heart of it. Once-abandoned homes that sat decaying for decades are now sporting fresh roofs, manicured gardens, and stunning architectural restorations. If you’ve walked the streets of neighborhoods like Cornerstone Village, Hamtramck, or North End lately, you’ve seen the energy firsthand. Life is returning to […]
Construction projects and maintenance repairs take a lot of time and effort. With everything you need to do as a landlord, it’s nearly impossible to do it all yourself. Instead, you need to hire contractors to help you. And that can be hard— because finding someone you trust is crucial. A bad, cheap contractor […]
“Wear and tear” has to be one of the vaguest descriptions used in landlord-tenant laws. What’s considered reasonable wear and tear? When does it qualify as extensive damage to your rental property? Not only is it difficult to determine, but landlord-tenant laws also vary across different states when it comes to defining this. What’s wear […]
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 […]
With the warm months behind us and the weather cooling, it’s only a matter of time before winter snow and ice are here! The last thing you want is tenants calling you on a freezing January night, saying their pipes have burst, flooding the entire basement and ruining their stuff (which they want you to […]
With the warm months behind us and the weather cooling, it’s only a matter of time before winter snow and ice are here. The last thing you want is tenants calling you on a freezing January night, saying their pipes have burst, flooding the entire basement and ruining their stuff (which they want you […]
It should be expected that something will always go wrong or need fixing with any rental property. These extreme rental property damages and maintenance Issues often depends on the age and amount of deferred maintenance of a property and the demographics of the tenants. There are, things that most landlords aren’t prepared for either financially […]