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.

2012-06-05

Charging Tenants for Maintenance Bills

Tenants rarely take responsibility for repair issues, so landlords need strong language in lease agreements to legally charge tenants for problems they cause. We just had another experience that reminded us why our lease has so many clauses. A Tenant contacted us because their kitchen drain was clogged. We asked what caused the problem and […]

2012-05-31

Avoiding Risky Property Management Companies

We’ve just heard about another two local property management companies “having difficulties” meeting the needs and expectations of their rental property owner clients. First, let’s make sure everyone reading this understands we’re not perfect and make no claim to be.  But, we do like to think we’re better than most, if not all, our competitors.  […]

2012-05-12

The Real State of Real Estate…

If you’re involved with the residential rental market, you’ve probably already heard that rental rates have been going up the last couple of years.  The dramatic increase in foreclosures has left a lot of families looking for a home that’s not an apartment, leading to increased demand, which has led to increases in prices. Most […]

2012-03-27

Tenants Abandoning Detroit…

We’ve seen a sharp increase in the number of tenants calling on our rentals that are moving from Detroit! It’s our corporate policy to ask every prospective tenant where they live now and why they’re moving.  We do it to better understand what type of home they’re looking for and what we have that might […]

2012-03-27

Using Social Media to Screen Potential Tenants

How many landlords have checked out a rental applicant using social media sites like LinkedIn, Facebook, Twitter, etc? Be honest – how many landlords have ever even thought about it? It could be a great additional tool to supplement a light credit file or for applicants that can’t prove their claimed income. We’ve been reading […]

2011-11-20

Refinance Your Upside Down Rental

Many real estate investors that bought their rental properties prior to 2007 are upside down in them.  Even those that put down 25% or more have seen their equity evaporate with falling real estate prices. A lot of these investors are also upside in their cash flow with these properties and many we speak with […]

2011-11-06

Penny-Wise, but Dollar-Foolish Property Owners

We know of a property that’s been up for rent for around 4 months. The property is on a main road, so it gets a lot of visibility, being exposed to morning and afternoon rush hour traffic.  The owner has a sign in front of the house with a phone number and extension.  The number […]

2011-10-20

How Long Does it Take to Find a Tenant?

Every time a property we manage goes vacant, the first thing the property owner wants to know is, how fast can we find another tenant to put in it. This makes perfect sense as most property owners either have a mortgage on their property that needs to be paid or they’re living off the cashflow […]

2011-10-13

Another Reason NOT to Delay Tenant Evictions

Very few people actually like to be perceived as a “bad guy” or “bad cop”.  Most of us want everyone to like us and will avoid conflict when possible. Unfortunately, acting this way with tenants will cost a landlord more in the long run. That’s why it’s so important as a landlord to be firm […]

2011-08-29

Metro Detroit Landlords Should Turn Neighbors into Spies

You can’t always be inspecting your Metro Detroit area rental properties, but you don’t have to – if you get neighbors to help you! We’ve always made it a practice of introducing ourselves to the neighbors of the Metro Detroit area homes we manage.  We give them our card and ask them to contact us if the tenants are […]