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.

2014-01-18

Are Downtowns Becoming Cool Again? A Landlord’s Perspective

Americans are changing the way we think about the urban core…again. Since 2008, downtown office vacancies nationwide have increased to 12.4% — but suburban office vacancies are at a huge 16.6%. What’s going on? Well, there are a lot of theories, but the one that’s gaining the most traction is that the post-WWII migration toward […]

2014-01-11

Writing Your Own Lease Agreement: The Devil’s In The Details

Your lease should make life easier on you and on your tenants. If you’ve ever had reason to pay attention, you’d notice that most of the sizeable property management firms around Detroit use their own lease agreements. Why? Simple: because as you manage more and more properties, you come across more and more circumstances that […]

2014-01-04

A Landlord’s New Years Resolutions

You know, the ones that you should actually keep. Welcome to the fresh new year, with new beginnings all around. If you’re anything like us, you’ve been planning your New Year’s resolutions since just after you finished telling everyone what you were thankful for several weeks ago. Around here, the New Years resolutions look something […]

2013-12-28

Are You Getting Scammed? What to Watch 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 […]

2013-12-21

The Power of Great Relationships (With Your Tenants)

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 […]

2013-12-14

Is This a Good Rental Investment? Part II: How to Run The Numbers

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 […]

2013-12-07

How to Handle an Emergency At Your Rental

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 […]

2013-11-30

4 Simple Tricks that Make Being a Landlord a Little More Profitable

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 […]

2013-11-22

How Much Rent Can I Charge?

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 […]

2013-11-16

Is This A Good Rental Investment? Part I: Assessing The Location

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 […]

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