Blog

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.

2020-07-20

A Changing America: “Tenants For Life” Numbers Rising in the US

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% […]

2020-07-13

The Limitations of Online Tenant Screening Tools

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 […]

2020-07-06

Preparing for Extreme Rental Property Damages and Maintenance Issues

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 […]

2020-06-22

Beginner’s Guide to Working with a Property Management Company, Part 2

“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 […]

2020-06-15

Beginner’s Guide to Working with a Property Management Company, Part 1

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 […]

2020-06-08

What the Rent & Mortgage Cancellation Act Would Mean for Landlords

Coronavirus has shown us more than ever that landlords need to be aware and active with what’s happening on a legislative level in their state, and even nationally. If you own a property in a city you don’t live in, will the local government even care about what you have to say? Or will they […]

2020-05-18

Turnkey Real Estate: When Is The Right Time To Buy A Turnkey rental?

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 […]

2020-05-18

How Flexible Should You Be With Rent Payment Issues Due to COVID-19

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 […]

2020-05-04

What Impact Will Coronavirus Have on Metro Detroit Property Prices

  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 […]

2020-04-20

Handling Squatters in Michigan

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 […]