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.
Many landlords worry over scaring away tenants resulting in longer vacancies if they require renter’s insurance – but not requiring it could cost even more. The initial reaction of many landlords to the subject of renter’s insurance is, “my property is insured, so why should I care?” On the surface this response seems obvious and […]
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 […]
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 […]
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 […]
If you’re not subscribed to BiggerPockets, you should be! It’s a great real estate investor site. They were nice enough to let us post an excerpt of this recent article by ARTHUR GARCIA, but you have to go to their site to read the entire article. As the title states, this is another example of what […]
Hot rental markets make it easy to fill vacancies, but are you getting the highest possible rent? Royal Oak, Michigan is a very hot rental market in the Metro Detroit area right now. It’s one of the few suburbs in the Metro Detroit area that has a real downtown area, is conveniently located at the […]
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 […]
Here’s a great example of the multitude of issues most real estate investors rarely consider when doing business away from home! We’ve recently been hired by a property owner that, in our opinion, was taken advantage of by a so-called “real estate guru” they trusted. Interestingly, both the guru and our new client reside in […]
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 […]
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. […]