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.
As technology advances, the rental market has seen a significant shift towards being tenant-driven. Why? Because people want convenience, quick resolution times, and more self-service options. And things like virtual tours, online scheduling for viewings, and online rental applications are making this possible. New data from thousands of rental listings shows just how much of […]
Detroit, my friends, is back on the map in a big way. According to the latest Case-Shiller Home Price Index, real house prices in the U.S. rose by 4% in 2023, but Detroit? Detroit’s prices shot up by a whopping 8%. That’s right—Motor City is neck-and-neck with Los Angeles and even outpacing other major cities. […]
If you’re looking to make some serious moves in the rental market in 2024, you need to have your eyes on Detroit. This city is buzzing with opportunities, and today we’re going to break down the top neighborhoods where you should be putting your money (in our opinion): Eastpointe, Harper Woods, Redford, North End, and […]
We’re unaware of any other local management company sending their clients these updates! Please share this with anyone interested in real estate investing or looking for a better property manager, so they can see what they are missing! CITY DETROIT EVICTIONS UPDATE Detroit’s 36th District Court is still taking on average 4-6 weeks longer than standard […]
A unique narrative takes center stage in the 2024 real estate market’s unfolding landscape. Eclipsing the conventional downturn trend observed nationwide, the spotlight now shines on Detroit. It not only stages a remarkable comeback but emerges as the premier real estate investment opportunity, outpacing the traditionally favored Miami. Presenting a Positive Outlook for Detroit The […]
Have you heard the buzz about the exciting $3 billion development coming to Detroit’s New Center area? This collaboration involves big players like Henry Ford Health, the Detroit Pistons, and Michigan State University. You might be curious: how will this affect your real estate portfolio? We’ll examine each new investment and analyze what it means […]
Among the most advantageous, yet intricate, mechanisms available to landlords is the 1031 exchange – a tax-deferral strategy that, when executed correctly, can significantly enhance the profitability and sustainability of your real estate portfolio. Named after Section 1031 of the Internal Revenue Code, this provision allows investors to defer capital gains taxes on the sale […]
Detroit is on the brink of yet another exciting transformation, thanks to a generous $14.5 million state grant awarded by the Michigan Economic Development Corp. This significant financial boost, aimed at supporting five neighborhood projects with a blend of residential, office, and commercial uses, opens up a realm of investment opportunities for astute landlords to […]
Is 2024 a good time to invest in Metro Detroit rental properties? Well, to help you decide, 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 in the tri-county area, the information will give you a good […]
A common notion amongst landlords is that making money off rental properties is all about collecting monthly rental checks. Well, that’s partly true, but it’s not the whole story. While consistent cash flow from tenants is undoubtedly essential, there are more ways your rental property can bring in money and boost your profits. In this […]