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.

2015-07-18

Pareto-fying Your Property Management Business

20% of these words will capture 80% of your attention. If you’re not familiar with the Pareto Principle, it goes like this: 20% of sources cause 80% of effects. It started when a mathematician in Italy named Vilfredo Pareto calculated out that 80% of the land in Italy was owned by 20% of the people, […]

2015-07-11

Advanced Property Management, Part IIb: The Property Lifecycle

Is Your Property Having a Mid-Life Crisis? Last week, we talked about the tenant lifecycle and how keeping an eye on the cycle as a whole as you perform each step can make you a better property manager. Today, we’re going to go one step further ‘out’ from that, to the lifecycle of a piece […]

2015-07-04

Advanced Property Management, Part IIa: The Tenant Lifecycle

Not to be confused with the Tenant Bicycle — that’s something entirely different.   In Part I of the Advanced Property Management series, we talked about how important it is to ‘think like the owner.’ Today, we’re going into a significantly more technical subject: how to manage the lifecycle of a tenant.     The […]

2015-06-27

The Only Great Reason to Not Hire a Property Manager

…is that you really want a job rather than an investment. There are a lot of property investors out there right now — probably more in the last five years than at any point in time since the New Deal. They come in all shapes, sizes, colors, beliefs, and even wealth levels. But the one […]

2015-06-20

Advanced Property Management, Part I: Thinking Like the Owner

Up your Property Management Game by Changing Your Mind. So this is the first in what we hope will be an exciting series of posts for property managers who are looking to up their game a little bit. The point of this article is very simple: the investors/owners who buy these properties are your clients, […]

2015-06-13

7 House Sounds That Can Cost You Money

Thump, Drip, Ka-Chank, Skitter, Zzzzz, Shriek, and Pop! If you’re a tenant, you should report these sounds to your landlord immediately. If you’re a property manager and you hear (or hear about) these sounds, get ready to call the owner. If you’re a property investor or a homeowner…get out your checkbook. Here are House Sounds […]

2015-06-06

Need A Quick Answer From Your PM? Try Not to Call On Mondays!

  You’ll probably get a call back on Wednesday if you call on Sunday…or Monday…or Tuesday…or Wednesday! Mondays aren’t the best of days, for most people. You come back to the office after a weekend, you open your email with perhaps a twinge of dread because you know that someone set something on fire over […]

2015-05-23

What Do Your Tenants Want Outside The House?

Curb appeal is one thing, but what about yard appeal, backyard appeal, and the rest of the appeals? Real estate agents put a lot of value on curb appeal when selling houses, and to a degree, property managers tend to as well — it’s important that the first impression that a house makes on a […]

2015-05-16

Paying A Good Property Manager to Turn Your Bad Property Around

How are you motivating your PM to keep your best interests in mind? Being a real estate investor is always a careful monetary balancing act. You want to maximize your ROI, and the question is always whether you should do that by minimizing your input, or by trying to maximize your output. The problem is […]

2015-05-09

Is Your PM Focused on Managing or Selling Houses?

  If the choice comes down to taking care of an existing property, or selling you a new one, what is your PM’s priority? There are a lot of property managers out there that also sell properties to investors. The question is, how good of a property manager are they if they’re trying to do […]

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