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.
Price a rental right the first time and it leases in about 20 days. Cut the price once and you’re at 40 days. Cut it twice and you’re at 57. Three cuts puts you at 70. Five cuts and it’s all the way up to 91 days! The median overpricing amount that starts that whole […]
If you own a rental in the City of Detroit, there’s one piece of paperwork you need before anything: the Certificate of Compliance. Never heard of it? A lot of out-of-state owners haven’t. In plain terms, it’s the city’s confirmation that your property passed inspection and is legal to rent. A Certificate of Compliance actually […]
Ask any seasoned rental investor, and they’ll tell you: Property management is 10% real estate and 90% psychology. When you manage rentals, tenants will inevitably test your boundaries. They’ll push for extensions, give you vague promises about late rent, and occasionally try to bait you into unprofessional arguments to build a defense for themselves in […]
Real estate investing has always been about balancing risk and reward. But lately, we’re watching investors tip that balance way too far in one direction. From buying up Class A rentals in the post-2008 crash to the current trend of chasing cash flow in Class C and D properties—or banking on Section 8 or short-term […]
If you’re an overseas investor or immigrant trying to buy a house in America, the process of getting a mortgage can seem like climbing Mount Everest. Many foreign buyers don’t even know how to check if they’re qualified. And if you don’t have a standard U.S. credit score or a long history with American banks, […]
A forged signature and a filing fee. That’s the whole toolkit. With those two things, a stranger can walk into the Wayne County Register of Deeds, record a deed that says they own your rental, and start collecting rent on it. They could even feasibly sell it, or take out a loan against it — […]
Most property managers take the easy way out when it comes to setting a rental price: they look at Zillow, check a couple of nearby listings on the MLS, and pick a number somewhere in the middle. It’s cheap, it’s fast, and it’s completely inadequate for maximizing your long-term returns. If you want to optimize […]
“The Midwest, for the first time in my 24-year career, is the hottest market in the country.” That’s a direct quote from real estate veteran Jeff Glover in a recent report by The Detroit News. Why is the Midwest so hot, exactly? Coastal markets have completely priced out everyday buyers and renters. Meanwhile, places like […]
If your property management strategy relies on answering the office phone between 9 AM and 5 PM, you’re missing out on the vast majority of your market. Renter behavior has undergone a massive, structural shift over the last two years. Tenants aren’t browsing listings during their lunch breaks anymore—they’re shopping in the dark. The team […]
For real estate investors, there’s a big difference between a shiny architectural rendering and 10,000 tons of actual steel in the air. We’ve been tracking the massive $2.2 billion Henry Ford Health expansion in New Center since it was just a proposal. But now, the project has shifted from concept to concrete. Henry Ford Health […]