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.
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 […]
The coronavirus pandemic has got many investors wondering what the future holds for real estate. The current economic uncertainty makes it difficult to answer the question “when is the right time to buy an investment property?” For turnkey real estate investors, the answer is even more complex, since it involves looking at both the real […]
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 […]
Chasing a landlord to get repairs done at a rental home is probably the biggest, most frustrating issue most tenants experience when renting. You complain, the landlord assures you it’ll be fixed, no one shows up so you complain again, someone shows up but doesn’t fix the problem and the cycle seems to go on […]
The Tax Cuts and Jobs Act (TCJA) of 2018 brought about a massive tax cut for owners of “pass-through” businesses. Do I Qualify? ust because you have cash flow from a rental property doesn’t necessarily mean that the IRS classifies your dealings as a business, at least not for tax purposes. Your rental activities may produce income […]
You did your due diligence and properly screened your current tenant, but now they need to move out early before their lease expires. But, hey, they’ve got a friend that can take over their lease. Will you consider subletting? What Is Subletting? Subletting, or subleasing, means that your tenant assigns the remainder of […]
Predicting how profitable a real estate investment is vital in determining whether to purchase one property over another. The capitalization rate, commonly known as the cap rate, is a metric used to determine the rate of return (RoR) of an income-producing property without taking into account any mortgage payments. The figure, expressed as a percentage, […]
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. […]