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 Something Seems Amiss — Or Too Good To Be True — It Probably Is. You’ve probably seen stories on the news about renters getting targeted by zany scams on Craigslist and similar sites — but you rarely hear about the scammers that target landlords, and they’re surprisingly common. Getting scammed can do serious damage […]
If You Can’t Rent To the One You Love, Love the One You Rent To. Ask any successful entrepreneur who has been in business for more than a couple of years, and they’ll tell you: it’s cheaper and easier to keep an existing client than it is to find a new one. The same applies […]
Cashflow is King! Are you considering becoming a landlord? And you’ve already checked out the neighborhood around the place you’re considering buying? Then it’s time to look at the numbers and figure out if this place is a good rental investment. What Will Your Net Rental Income Look Like? The number one number to calculate […]
However unlikely, you need to be prepared! Real emergencies are thankfully rare, but they do occasionally happen — and when they do, you need to be prepared and act accordingly to avoid making the problem worse, minimizing your liability exposure and taking care of your tenants. The most efficient way to handle an emergency is […]
Landlords that get creative are landlords that keep tenants and make more money! Being a landlord is hardly all sitting down and raking in profits because you’re nice enough to let someone else live in your house — there’s a lot of work involved! Keeping your tenants in your properties and paying on time are […]
As Much As You Want — Unless You Want Actual Tenants. One of the more challenging parts of managing rental properties is deciding where to set your rental amounts. Charge too much, and you’ll have unwanted vacancies. Charge too little, and you’re leaving money on the table and potentially inviting a lower class of tenant […]
Even A Great Deal on a House can Fail You in the Wrong Neighborhood. If you just follow the regular news it seems almost everywhere you look today real estate values are going up. Jump on the internet and you’ll find plenty of supposed deals on rental properties. Well, all is not as it seems […]
The Best Winterization Is a Tenant — But Failing That… Ideally, of course, a rental property you own simply wouldn’t be vacant over the winter — and of course you should keep advertising your vacant properties no matter what the weather. But hoping for a tenant is no substitute for properly weatherizing a building that’s […]
Maybe more slowly than a few months ago, but rents are still rising. Rent growth in the Detroit metropolitan area has been pretty significant over the past few years — 4% annual increase in 2011, 5% annual increase in 2012. 2013 is shaping up to be less dramatic, however, with average rents increase only 2% […]
For a change you may actually like these! The IRS has issued it’s long and complex regulations that explain how to deduct improvements and repairs to rental properties. The regulations take effect on January 1st, 2014, and offers up several changes that rental owners may find downright pleasant. IRS Regulation 1.263(a)-3h: The Safe Harbor for […]