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.
For landlords, maximizing profitability is one of the most important things about renting out a property. And a big part of that is minimizing vacancy times. So, if you want to maximize your profits, it’s better to be flexible to accommodate tenants who wish to move in the middle of the month, or who want […]
Over the past decade, emotional support animals (ESA) have become the topic of discussion, popping up everywhere, from airports to rental properties. While these animals can provide their owners with great companionship and support, people have been faking emotional support animals just to bend the rules and keep their pets in rental units where animals […]
According to a recent study, rents have declined in almost every major US city in 2023. This downward trend is especially apparent in metro areas such as Los Angeles and Las Vegas, where rents Here’s a snapshot of the headlines that made the news: While renters rejoice in the lower monthly rent prices, the trend […]
Is 2023 a good time to invest in Metro Detroit rental properties? To help you evaluate, we’ve collected evidence-based trends on the real estate market for you to review. Although this article isn’t a comprehensive source for you to make final investment decisions, the information will give you a good grasp of the real estate […]
Are you on the fence about investing in rental properties? We get it. They say you can’t go wrong with (most) real estate investments. But with interest rates climbing and seemingly unpredictable, you might have second thoughts. Rentals are often seen as a safe, reliable way to make money. Many investors choose them for a […]
With a new year looming around the corner, many investors are wondering where next they should invest in real estate to grow their portfolios. Investing in Metro Detroit might even be part of your new year’s resolution! But is 2023 a good time to invest in Metro Detroit rental properties? To help you decide, we’ve […]
The market was doing well…until it wasn’t. In the past 8 months, the US rental market did a complete turnaround, ending the 20-month streak of increasing rent amounts across 27 of the 40 biggest cities. Prices fell by 0.1% in August 2022, according to Apartments.com, much to every investor’s despair—and may now threaten investment returns. […]
As a landlord, you should always want the highest amount of effective rent for your properties. This usually means raising rents in step with market increases. Often, inflation and raising the rent lead to tenant turnover, which leads to loss of rent while a property is vacant and additional expenses getting it RentReady. Inflation in […]
While winter is generally a slower period for rental applications, things start to pick up in the middle of February as income tax refund season gets underway. Since many Class B and C tenants live paycheck to paycheck, an income tax refund gives them the funds for the first month’s rent and security deposit they […]
Yes, it’s possible to live off passive income alone. In fact, many people do just that. While it may not be the most popular career choice, living off of rental income can provide a comfortable life if done correctly. We often see haphazard and impatient rental investors give up on their properties and tenants just […]