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.
Specialization is for insects. -Robert A. Heinlein It’s almost impossible to estimate the impact that the Internet has had on modern tenants these days. We are, as a nation, more connected, better-informed, and more willing to tackle problems — as long as there’s a how-to guide on YouTube or About.com. Heinlein’s quote about specialization is becoming a […]
“My dog ate my rent payment!” – soon-to-be-evicted tenant As a property manager, one of your most regular jobs — literally regular, like clockwork — is collecting rent. Usually, every tenant you oversee has signed the same lease agreement, which means that they all owe their rent on the same day, with the same length […]
“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 […]
Are We Penalizing The Right People, The Right Way? In 2009, Saginaw passed a law requiring landlords to include a section in their lease agreements dubbed the ‘Crime Free Lease Addendum.’ In March of this year, Buena Vista Township (adjacent to Saginaw) passed the same law. In essence, this addendum adds a section to the […]
Flexibility Isn’t The Most Important Think for a Property Manager…But It’s In the Top Three. This is going to come as a massive shock to a lot of property managers out there, so brace yourself: most tenants want to pay you what they owe. Most tenants want to be able to work out a fair […]
Be Responsible, But Know When That Means Liability and When It Doesn’t. Imagine you’re a judge sitting on the bench, and a homeowner makes this argument in your court: someone broke into their house and beat them senseless, and they want to sue the contractor who installed their window, because it never did lock quite […]
20% of these words will capture 80% of your attention. If you’re not familiar with the Pareto Principle, it goes like this: 20% of sources cause 80% of effects. It started when a mathematician in Italy named Vilfredo Pareto calculated out that 80% of the land in Italy was owned by 20% of the people, […]
Is Your Property Having a Mid-Life Crisis? Last week, we talked about the tenant lifecycle and how keeping an eye on the cycle as a whole as you perform each step can make you a better property manager. Today, we’re going to go one step further ‘out’ from that, to the lifecycle of a piece […]
Not to be confused with the Tenant Bicycle — that’s something entirely different. In Part I of the Advanced Property Management series, we talked about how important it is to ‘think like the owner.’ Today, we’re going into a significantly more technical subject: how to manage the lifecycle of a tenant. The […]
Up your Property Management Game by Changing Your Mind. So this is the first in what we hope will be an exciting series of posts for property managers who are looking to up their game a little bit. The point of this article is very simple: the investors/owners who buy these properties are your clients, […]