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.
Some things are worth the money. Some things aren’t. Every lawyer loses some cases and wins others — so how do some lawyers charge ten times more than others? There are some pretty fundamental theorems of economics that almost everyone accepts as given. The principle of supply and demand, for example, tells us (among other […]
Michigan Landlords: Are You Safe from Utility Liens? Do you owe thousands of dollars for a years-old utility bill you never knew your tenants hadn’t paid? Did you know that unpaid bills from public utility providers can easily become a lien on your property? From Michigan State Law 141.121, Section 21 of the Revenue Bond […]
I’ve been told that “ruHra’wI’” means “property manager” in Klingon…but that’s not really what we’re talking about here. We’ve previously written at length about how a property manager wears a lot of hats. We take care of the physical structures our clients invest in, the fiscal aspect of the investments, ensuring that those properties turn […]
They should, obviously, but many don’t. Let’s talk about why. In the end, there’s a huge pile of reasons why hiring a property manager (PM) is a good idea for anyone who is trying to turn real estate investment into their next income stream — no one really questions that. The question that PMs ask […]
If you’re not keeping track of the condition of your rental properties, who is? There are four basic kinds of rental property inspections that a property manager or investor should perform regularly: move-in, move-out, drive-by, and in-home. If you’re not doing all four (or having them done by someone you trust), you’re putting yourself into […]
Managing one or more rental properties means you will naturally have to handle a variety of tenant concerns and complaints. Below are some of the most commonly stated tenant complaints, with tips on how to avoid or deal with each. From disagreements about the return of a security deposit to property access, and even commonplace repairs […]
The account you get to write the check from matters for several reasons. Property investors who deal in residential property might not be as familiar with terms like ‘CapEx’ (that’s Capital Expenditure) than those who deal in commercial structures, but knowing the difference between CapEx and Repair/Maintenance can help you figure out how to maximize […]
Because sometimes insourcing is counterproductive. Property managers need a lot of people on their team. At the minimum, an effective property manager needs to be able to prep a new home to make it rent-ready, get a tenant into the home, collect rent, evict problem tenants, provide maintenance of the home through both occupied and […]
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 […]
Always listen to experts. They’ll tell you what can’t be done, and why. Then do it. -Robert A. Heinlein In the first part, we talked a bit about how modern tenants really do expect to be treated as individuals with unique needs and value — and how a landlord needs to be willing to do […]