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 other shoe is waiting…except it’s several thousand shoes. Detroit mayor Mike Duggan recently unveiled his State of the City address, in which he revealed (among many other things). The city will be resuming its suspended policy of tearing down large swaths of abandoned, empty homes. The plan is to demolish some 10,000 homes over […]
Detroit isn’t even near the top! Nearly half of all renters in the U.S. are housing cost burdened, according to the Joint Center for Housing Studies at Harvard. But what does that mean? The U.S. Department of Housing and Urban Development defines households spending more than 30% of their income on housing-related costs, such as […]
QoL+RoI FtW! Some people choose to be landlords; others have landlordship thrust upon them. The first group tends to embrace the challenges of landlording — they’re playing the game to achieve peak profit margins. The second group often simply wants to make a little side money without having to put a lot of effort in. […]
As opposed to marketing to tenants, which is a very different manner. When you’re striving to grow a property management business, you have essentially three groups of ‘investor clients’ that your marketing efforts can target: Property owners who never really intended to manage a rental, but ended up with a spare home or two that […]
We talk to LOTS of people. At Royal Rose Properties, we like to say that we have three different groups of clients: our owners, our tenants, and our contractors. What we mean by ‘clients’ is that when we find a good owner, tenant, or contractor, we want to invest in that relationship and treat them […]
Drew’s Law #2: In property management, nothing is ever as simple as it looks — even when you take this rule into account. “Holistic” is a word that has an interesting reputation: either you hear it as a synonym for “snake oil,” or you hear it as a synonym for “comprehensive,” and those two things […]
It’s the lease we…can’t…do? Nah. Last week, we wrote extensively about the many facets of a comprehensive lease agreement. But what we didn’t touch on (and should!) is the number of things that legally cannot appear in a lease. Depending on the precise circumstances, having one or more of these clauses in your lease could […]
Well, OK, it’s the MOST we can do, but we couldn’t let the pun pass us by. #NoApologies The Royal Rose Properties lease is 21 pages long. 13 of those pages are the actual lease agreement itself; the other 8 are supplementary forms and checklists — oh, and the pet policy is a separate 2-page […]
But if you do go nuts, go Macadamia. If you’re a DIY landlord and you’re currently managing several or maybe a dozen properties, chances are you’re either burning the rope at both ends, or you’re reaching the end of your candle. There’s just so many niggling details to take care of! Now, you’re probably […]
You don’t HAVE to do these things at Christmastime…but it’s a great landmark to work from. Every property needs regular maintenance, and not all maintenance happens on the same schedule. Some things need to be done monthly, like a basic drive-by-and-look checkup. Some need to be done once a season, or just at the […]