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.
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 […]
As Much As You Want — Unless You Want Actual Tenants. One of the more challenging parts of managing rental properties is deciding where to set your rental amounts. Charge too much, and you’ll have unwanted vacancies. Charge too little, and you’re leaving money on the table and potentially inviting a lower class of tenant […]
Maybe more slowly than a few months ago, but rents are still rising. Rent growth in the Detroit metropolitan area has been pretty significant over the past few years — 4% annual increase in 2011, 5% annual increase in 2012. 2013 is shaping up to be less dramatic, however, with average rents increase only 2% […]
If you’re involved with the residential rental market, you’ve probably already heard that rental rates have been going up the last couple of years. The dramatic increase in foreclosures has left a lot of families looking for a home that’s not an apartment, leading to increased demand, which has led to increases in prices. Most […]