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.
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 […]
You have to consider many risks when getting into real estate investing. Some of them you might already know, while some are less talked about in the industry—albeit still crucial in creating a long-term, profitable, successful real estate investment portfolio. Here, we list the key types of risks that residential and commercial real estate investors […]
Many savvy investors are looking for opportunities to expand their portfolios with rental properties in today’s market. However, not all opportunities are lucrative. Therefore, you have to know how to separate the good from the bad, especially if you plan to invest in a small multi-family property like a duplex. You need to know a […]
We’re not aware of any other local management company sending their clients these types of updates. So, please be sure to share this with anyone you know interested in real estate investing or looking for a better property manager, so they can see what they are missing! EVICTIONS UPDATE Timelines for court dates […]
Many tenants who are temporarily out of work are struggling to make rent payments due to COVID-19 Coronavirus has had a major impact on the global economy. As of April 20th, the U.S. has the highest number of cases in the world, and Michigan has been particularly affected. Not only are there a large number […]
Chasing a landlord to get repairs done at a rental home is probably the biggest, most frustrating issue most tenants experience when renting. You complain, the landlord assures you it’ll be fixed, no one shows up so you complain again, someone shows up but doesn’t fix the problem and the cycle seems to go on […]
As a property owner you need to raise the rent to protect and improve your bottom line, but raising rents is never easy. It can be a delicate issue. Being too aggressive may cause tenant turnover, and you’ll incur costs associated with vacancy. On the other hand, as your fixed costs like maintenance, insurance and […]
Step One: Don’t over-think it. One of the more sensitive issues of landlordery is how to calculate rent amoutns. The struggle between property investors’ desire to make money and tenants’ ability to pay money is constant, and the number of factors it’s possible to take into account is enormous. If you wanted to make the […]
Detroit isn’t even near the top! Nearly half of all renters in the U.S. are housing cost burdened, according to the Joint Center for Housing Studies at Harvard. But what does that mean? The U.S. Department of Housing and Urban Development defines households spending more than 30% of their income on housing-related costs, such as […]
Vacancies are down, tenants are good, and your accounts are flush because nothing has broken in a few months now. Guess what time it is? It’s time to raise your rent! Counterintuitive as it might be, waiting until things are starting to get tight to raise the rent is exactly the wrong idea. If things […]