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.
The rental business can be lucrative and enjoyable, but it can also be a mental and physical drain if you let it. So how can you fend off exhaustion as a do it yourself landlord? If you started investing in rental properties for the passive income thinking it was going to be easy, you often […]
The strategies you do when marketing your rental is usually highly correlated to the quality of the applicants you will find yourself screening to fill vacancies. Since most prospects will view your website and other social media platforms first, you need to seduce them with attractive photos. To find the best renters, you want as […]
Tenants move because they can longer afford the rent, that doesn’t necessarily mean it’s your fault. It’s just the nature of things, people relocate for any number of reasons. The rental business is a constant ebb and flow. Sometimes, it’s out of your control, but there are ways to help retain tenants if you understand […]
Landlords do have a great deal of control over who they decide to rent to … but there are lots of rules and regulations that need to be adhered to. These rules and regulations change from time to time, so landlords need to stay up on them as ignorance is not an excuse. A lot […]
As a property owner you need to raise the rent to protect and improve your bottom line, but raising rents is never easy. It can be a delicate issue. Being too aggressive may cause tenant turnover, and you’ll incur costs associated with vacancy. On the other hand, as your fixed costs like maintenance, insurance and […]
If you’re growing your property rental business, a time will come when it gets too much for you to handle all by yourself. The extra expense of a property management company may be unattractive when you only have a few rentals. Attending to routine maintenance calls, chasing nonpaying tenants and handling city inspections can eventually […]
Cannabis proponents are rejoicing the passage of the new law in Michigan that has legalized marijuana. Details still need to be hashed out, pun intended, but it makes cannabis, in all its forms legal for personal use. The state-wide law does give municipalities the right to restrict or ban shops in their communities but not […]
Property investments are a great way to build wealth, that’s why some of the wealthiest people you’ve heard of made their money in real estate. The perception is that it’s easy to make money renting properties. Maybe…but if that’s true, why do so many investors go bust? Why is it that most real estate investors […]
Smart investors don’t buy property because they envision themselves living in it, they invest in property to turn a profit. That process requires discipline. The decision of whether to place a bid or pass on a property needs to be clear cut. Assess the financials, numbers don’t lie. Remember, you’re buying a house and renting […]
As a smart investor, you always should be looking for ways to improve cash flow, income stream, and to increase the value of the property. Taking the time to renovate can accomplish all three, but you must be willing to expose yourself to some financial risk and uncertainty. You’ll have the unit(s) vacant during construction, […]