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 […]
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 — […]
“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 […]
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 […]
Real estate investing is all about seeing the wave before it breaks. What’s the biggest wave about to hit Metro Detroit? The Gordie Howe International Bridge. A recent tech development on the Detroit riverfront is a perfect leading indicator of what is coming. Last week, a California-backed tech startup named Birdstop Inc. announced it will […]
If you’ve been paying even half an ounce of attention to the news lately, you already know this isn’t “just another” government shutdown—it’s become the longest one in American history, now stretching past day 40. While the news headlines might be fixated on unpaid federal employees and shuttered services, the ripple effects on the real […]
The latest rental market data shows that landlords are seeing fewer leads and longer days on market (DOM), yet conversion rates are… climbing? What gives? Well, it seems that while the pool of prospective tenants is shrinking, those who are actively searching are more serious and ready to sign a lease. We’ve been given access […]
Major multifamily landlords in Detroit are struggling, according to recent headlines, but the city’s new PILOT Fast Track program aims to solve the problem. The market is facing a “perfect storm” of rising costs, new tenant protections, and high property taxes. It’s a combination that’s squeezing profits and making it harder for large multifamily landlords […]
If you’re a landlord, Zillow is probably your go-to platform for listing rentals. It’s the biggest name in the game, pulling in over 225 million visits per month, according to Semrush. But does that make Zillow a monopoly? That’s what a series of high-profile lawsuits are suggesting. Five states and the Federal Trade Commission (FTC) […]
Don’t buy a condo in Detroit before you read this! While we’ve seen incredibly strong performance from our single-family rental portfolio in Metro Detroit, the condominium market here has been experiencing some challenges of late. So if you’re thinking about diving into condo investments, you might want to hear what the numbers are actually saying […]