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.

2012-10-18

Oakland County Tax Foreclosure Auction – Part II

The 2nd round of the Oakland County (MI) tax foreclosure auction was just held and the county treasurer’s office is calling it a success. Due to a scheduling conflict, it was held at Ultimate Soccer Arenas – which turned out to be a much better venue for a public auction than the county auditorium where […]

2012-09-10

Preventive Property Maintenance

You can pay a little now, or a lot later… We just took over the management of a tenant occupied property, where the property owner had been a “Do-It-Yourself” (DIY) landlord for many years. We were told the property was in fine condition. Fortunately, we send out a survey to tenants when we take over […]

2012-08-20

True Cost of DIY Rent-Ready Work after Tenant Move-Out

How much does it really cost you to get your property Rent-Ready when a tenant moves out? We know a property owner that had tenants move out of a rental property in November and the property still isn’t ready to rent out 7 months later.  He insists he’s “saving money” by doing most of the […]

2012-07-11

Detroit Area Investing – The City versus the Suburbs

Either can make you money, but have you really considered everything when evaluating the risk versus reward of each? It seems almost every day someone’s asking us about buying investment properties in the City of Detroit. While there’s nothing wrong with investing in Detroit properties, we’re amazed at the general naiveté of those asking us […]

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 […]