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.
Becoming someone’s landlord — in other words, becoming a property investor — sounds complicated. Don’t worry; it’s at least twice as difficult as it sounds. Here’s our basic checklist of what you need to become a landlord successfully: Startup Funding Obviously, you have to purchase the property you’re going to turn into an income stream, […]
Vacancies are down, tenants are good, and your accounts are flush because nothing has broken in a few months now. Guess what time it is? It’s time to raise your rent! Counterintuitive as it might be, waiting until things are starting to get tight to raise the rent is exactly the wrong idea. If things […]
It’s hard enough when you’re screening the actual tenants — having complete strangers on your property is a straight-up no-go. AirBNB, and similar services like VRBO and wimdu, allow someone to rent out a property they control by the night. This is great for homeowners looking to get some extra income while they’re on vacation, […]
It’s Easy to Make Money When Everything is Going Up — Can You Keep It Up As Things Turn Around? Vacancies rose by a tenth of one percent last quarter — which might not seem like much at first, until you notice that it’s the first time that the overall rental vacancy rate has risen […]
Say ‘Thank You For Being a Great Tenant’ in a Memorable Way. Finding a tenant that you really enjoy, that you can count on to treat your property well and pay on time…that’s a modern-day miracle. There are certainly a goodly number of tenants that we would rather not encourage, but for those that you […]
The Wrong Way is “Not Handling It At All.” If you’re not familiar with property management paperwork, rest assured there’s a lot of it — so much, in fact, that many landlords are tempted to not deal with it whenever the opportunity presents itself. One classic example: the Move-In Checklist. For the renter, a move-in […]
How Much Is that Puppy In Your Window…Going To Cost You? Tenants who have pets bring a unique kind of risk with them. On the one hand, people with pets tend to be more laid back. On the other hand, pets tend to occasionally damage goods and property just by their nature. (If you’ve ever […]
The Best Way to Win in Court Is to Stay Out of Court Every property manager has had — or will have – that sinking sensation you get from being served with notice of a suit at some point. Being sued is a reality of the job, but it is possible to reduce the likelihood […]
There’s No Business Like Home Business When Home Business Is Your Business The Small Business Administration recently pointed out that almost half of all businesses in the United States are home-based businesses. The Department of Housing and Urban Development tells us that 35.9% of Americans are renting, as of last quarter. Assuming an average distribution, […]
It’s So Hard to Say Goodbye to Yesterday’s Tenant When a tenant decides to leave, it’s never an easy time to be a property owner. There’s a lot to do after the tenant is gone — but there’s also a lot to do as the tenant is leaving, as well. At Royal Rose Properties, we […]