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.
Most rental investors enter the industry thinking not just about owning a single rental property, but about how they can eventually scale up their rental business and acquire 2, 3, 4, or dozens of properties one day and retire from their day jobs. If you’ve put all your available capital into property #1 and are […]
Online tenant screening tools are easy and relatively cheap to use, but are they giving you the best overview of tenants’ backgrounds and reliability in terms of maintaining the property and paying rents on time? If you’re dealing with applicants with high credit scores, this probably won’t be an issue for you. On the other […]
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 […]
“Interviewing a Property Management Company” Self-managing your rental properties can be challenging and time-consuming, especially for landlords who are scaling up their portfolios. This is where having a good property management company can be a huge asset There are many property management companies (PMC’s) to choose from, both good and bad, so gathering as […]
Hiring a good property manager can be the key to scaling up your rental investments. Working with a property management company frees up time for landlords to focus on growing their rental portfolio, rather than on the day-to-day business of tenant screening, property inspections, and maintenance issues. So if you self-manage and you’re looking to […]
Many tenants who are temporarily out of work are struggling to make rent payments due to COVID-19 Coronavirus has had a major impact on the global economy. As of April 20th, the U.S. has the highest number of cases in the world, and Michigan has been particularly affected. Not only are there a large number […]
At the start of 2020, Metro Detroit’s real estate industry was performing well. Many investors were looking forward to the onset of the spring homebuying season, until coronavirus hit pause on everything. According to Retail Wealth Network’s 2020 market research report, the Motor City has shown a year-on-year real estate market growth across a […]
When you hear the word “squatters”, it probably conjures up images of a homeless community or an abandoned house used as a drug den in the inner city. Though in many cases that may be true, modern-day squatters may be someone you diligently screened and leased to. Whether one of your holdover tenants refuses to […]
Tenant exit survey can be an effective tool to improve tenant retention by addressing any issues that may be causing your renters to look for a new home. Most tenants regularly move for a variety of reasons; it’s merely the nature of the business. The more doors you manage, the more times you have […]
Let’s take a look at some ways to handle overly needy tenants.. All properties require maintenance and repairs to meet acceptable living standards. Factors like the age of the property and the number of units and needy tenants will affect your maintenance schedule. Most tenants are mature adults and have read and understood their lease. […]