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.

2019-07-26

You’re Investing In A House Not Buying a Home

Smart investors don’t buy property because they envision themselves living in it, they invest in property to turn a profit.  That process requires discipline. The decision of whether to place a bid or pass on a property needs to be clear cut. Assess the financials, numbers don’t lie. Remember, you’re buying a house and renting […]

2019-07-12

When It’s Worth Renovating And Upgrading Your Rental

As a smart investor, you always should be looking for ways to improve cash flow, income stream, and to increase the value of the property. Taking the time to renovate can accomplish all three, but you must be willing to expose yourself to some financial risk and uncertainty. You’ll have the unit(s) vacant during construction, […]

2019-07-05

Is Renting To Students A Good Idea?

As a rule, college towns make suitable real estate investments. Property values hold across the board and not just for student housing. University towns tend to have vibrant downtowns, which are hot spots for lots of local businesses that attract locals and professionals to the immediate and surrounding areas. Southeastern Michigan is no exception. Cities […]

2019-06-07

6 Worst Mistakes by First Time Real Estate Investors

Real estate investing is a time tested way of building wealth with efficient planning and effective execution of long term strategy. While it is lucrative it can also be very demanding and costly when mistakes are made. Remember that the real estate industry is highly competitive and you should know this in advance. It can […]

2019-05-17

Your Tenant’s a Hoarder, Now What?

You may not notice it for a while, maybe years, because the tenant pays their rent on time and rarely complains about anything. Then one day you go to look at something inside the home and you find out they’ve been collecting “stuff” and filling up your property with it. How do you handle this? […]

2019-05-10

Tips for Getting Your First Rental Property

Thinking of getting started in real estate investing? Real estate investing in all its forms has one goal – to increase income and wealth. There are a lot of benefits to investing in single-family residential (SFR) rental properties. Rental properties offer cash flow every month along with long-term benefits of increasing equity and appreciation.  Here […]

2019-05-03

How to Handle Unauthorized Pets

If you’re a landlord long enough, it’s not a question of “if” you’ll have to deal with a tenant that has an unauthorized pet, it’s question of “when”. So, let’s go over how best to handle the situation. What are the signs that there is Unauthorized Pets in the property? Let’s start with making sure […]

2019-04-15

Don’t Be Afraid of Section 8 Inspections

Section 8, or the Housing Choice Voucher Program, offers landlords a great opportunity for “guaranteed” rent. Many landlords though, avoid it due to misconceptions about having to deal with annual Section 8 inspections. Let’s separate some facts from myths!  Why are Annual Section 8 Inspections Done?  So, yes Section 8 (will use the abbreviation S8 going forward) typically requires an […]

2019-03-18

Personnel Tales from a Detroit Property Manager: HR Edition

In the past, we’ve written posts about the challenges of dealing with owners, tenants, vendors, contractors, city inspectors and more. Well, we also have to deal with our own workers. So, we’d like to share a couple of stories with you about the things that happened to and with people we employ. Where Did They […]