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.
If you don’t tell whats wrong with this sentence, start at the 101; OK? When an owner asks you why their property is still on the market after 10, 30, or even 60+ days, it’s easy to pore over a huge number of details looking for the ‘dead giveaway’ that tells you exactly what’s wrong. […]
Did you know you can market wrong before you ever start marketing? You can imagine that every property manager gets this question on a regular basis. And we do! Yet, somehow, there’s not a whole lot of information on the subject out there. So we’re going to give you a short series this month on […]
Number Crunch is like Captain Crunch meets alphabet soup. Only it’s nothing like that at all. The numbers from the first part of this post vary for a lot of reasons, and unfortunately it’s difficult for a DIY landlord to figure out what they’re ‘supposed’ to be. Every season, every neighborhood, every website you can […]
The summer months bring a lot of joy but can also bring some very serious challenges for the property owner as well. From paint-peeling hot weather to tornados and everything in between, there are many things that can cause thousands of dollars in damage, especially for the unprepared. While many of these things cannot be […]
Holla if you played Number Crunchers in elementary school. In modern rental marketing, there are several distinct stages that a person passes through on the way from ‘person who has seen one of your ads’ to ‘signed tenant.’ In modern rental marketing analysis, each transition between those stages is something that can and should be […]
When you have to walk to get food and medicine, having food and medicine within walking distance becomes pretty important. In many of the real estate markets in big cities across the country, walkability is a crucial factor in the urban core. If you can’t get to your grocer, pharmacist, and a few hangouts without […]
Step One: Don’t over-think it. One of the more sensitive issues of landlordery is how to calculate rent amoutns. The struggle between property investors’ desire to make money and tenants’ ability to pay money is constant, and the number of factors it’s possible to take into account is enormous. If you wanted to make the […]
Sorry, this is not the theory where defenestrating tenants makes them respect you more. In the late 60s, psychologist Phillip Zombardo did a fascinating experiment. He took a car and parked it on the side of the street in the Bronx, and an identical car in the same situation in Palo Alto. His goal was […]
It’s easy to be nervous about being a jerk to your friends — but they’re not just your friends, they’re also your tenants. The #1 reason why folks who are landlording their friends and family prefer informality in their dealings is simple: they don’t want to be seen as a jerk. It’s easy to become […]
It’s OK to relax, isn’t it? They’re your friends, right? DIY landlords have to do everything that a property management company does, and that’s a pretty long list. (Check our last post for a good example!) The advantage that a DIY landlord has is that they frequently don’t have to be as formal as a […]