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.
In this 3-part series, we’re showing rental investors how to approach building a business the same way that entrepreneurs do it. In Part 1 of The Investors’ Game Plan series, we talked about some of the most important considerations to think about before setting up your rental business. This installment is about creating a foolproof […]
Looking to escape the 9-5 and attain financial freedom? Most people who dream of launching their own business want to gain full autonomy and the ability to live their lives more flexibly, rather than simply being stuck behind a computer desk. Yet nearly half of all new businesses fail within their first 5 years […]
With the warm months behind us and the weather cooling, it’s only a matter of time before winter snow and ice are here. The last thing you want is tenants calling you on a freezing January night, saying their pipes have burst, flooding the entire basement and ruining their stuff (which they want you […]
We manage lots of properties for landlords who don’t live in the local area (Metro Detroit), or even in the country. For out-of-state rental investors like these, having a dependable property manager to be their eyes and ears is probably the most critical part of their strategy. Because of this, out-of-town landlords need to […]
One of the most valuable things a PMC does for a DIY landlord is make their rentals a business, not personal. So, if you met a potential partner who was going to help you run your business, would your first priority be making sure that they took as little payment as possible for their efforts? […]
These past coronavirus-filled months have been extraordinarily difficult for most landlords. Though way back in March, President Trump expressed positivity that we’d get over this pandemic “quickly,” in reality, nobody knows how long this will last. Many landlords weren’t prepared for the pandemic shut down and didn’t have reserves or financial planning in place […]
Many property investors start out with single-family rentals because they’re easier to acquire and more familiar. As your unit count grows though, you may want to consider buying multi-family properties. A multi-family property may consist of units in a building with a common entrance or units with separate entrances. Several of either building type may […]
The end goal for most rental investors is to generate enough rental income to be able to quit their job. What strategy should you use to grow your rental portfolio to this point? Let’s explore two different strategies: quickly paying off your mortgage versus consistently refinancing to remove equity for additional purchases. Each has its […]
Most rental investors enter the industry thinking not just about owning a single rental property, but about how they can eventually acquire 2, 3, 4, or dozens of rental properties one day and retire from their day jobs. If you’ve put all your available capital into property #1 and are planning how to acquire […]
How Will It Impact Metro Detroit? Gone are the days when owning a home was synonymous with fulfilling the great American dream. Is “Tenants for life” really the trend now.? Homeownership in America is now in decline amongst the younger generations. Although Census data for the 2020 Housing Vacancy Survey shows that about 65% […]