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.
With a new year looming around the corner, many investors are wondering where next they should invest in real estate to grow their portfolios. Investing in Metro Detroit might even be part of your new year’s resolution! But is 2023 a good time to invest in Metro Detroit rental properties? To help you decide, we’ve […]
The market was doing well…until it wasn’t. In the past 8 months, the US rental market did a complete turnaround, ending the 20-month streak of increasing rent amounts across 27 of the 40 biggest cities. Prices fell by 0.1% in August 2022, according to Apartments.com, much to every investor’s despair—and may now threaten investment returns. […]
As a landlord, you should always want the highest amount of effective rent for your properties. This usually means raising rents in step with market increases. Often, inflation and raising the rent lead to tenant turnover, which leads to loss of rent while a property is vacant and additional expenses getting it RentReady. Inflation in […]
As any rental property investor knows, there are ebbs and flows in market demand. This means that there are times of the year when the market is busier than others, and more renters are looking for a new home. And as it turns out, one of those busy times coincides with the start of the […]
Yes, it’s possible to live off passive income alone. In fact, many people do just that. While it may not be the most popular career choice, living off of rental income can provide a comfortable life if done correctly. We often see haphazard and impatient rental investors give up on their properties and tenants just […]
How often have you spilled red wine on a carpet? We’re all guilty of it. And maintaining it can be a lot of work, especially in a rental. Not only does it make the property look nicer, but it’s also required by law in some cases. In this article, we’ll discuss why landlords should keep […]
Running a property as an Airbnb comes with a ton of responsibilities. Not only do your guests expect 24-hour service, but you also have to manage reservation requests, cancellations, negative reviews, turnovers, and more. And how on Earth does the average person keep up with this? Many landlords hire property management companies instead to take […]
The City of Detroit lays claim to many things: sweet jazz music, historic neighborhoods, and the Golden Age of automobiles. There are plenty of music clubs, galleries, and of course, 3,000 miles of shoreline with waterfront views. All this to say that Motor City is an excellent place for a family. Here are some […]
Digital advancements are supposed to make our lives easier. But if you don’t know which of the many tools out there are the best ones to use, it’ll only complicate things instead of simplifying your already-complex job as a landlord. No, you want to have functional, valuable tools that’ll give you more time. Then […]
Of the many property types out there, two of the most popular options are single-family homes and multi-family homes. These may seem like merely different sizes of the same home, but the latter is so much more than just a larger home upon closer inspection. And that begs a question. Should you go for […]