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, 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 […]
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 […]
One of the critical duties of a landlord is keeping your rental property in tip-top shape. It’s also your job to make sure you’ve set aside enough to cover repairs and maintenance for your rentals. But it’s NOT your job to pay for every single thing – like when a tenant breaks a window, for […]
The City of Detroit will be hosting the NFL draft for the first time this week. This isn’t just big news for football fans, it’s also one of those things that should make property investors sit up and take notice. So, although we don’t normally talk about pro sports here, this time we’re going to […]
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 […]
Bills, bills, bills. Utility bills are constant and never-ending. It definitely doesn’t help when costs are increasing too. Your water bill is one of them, and if it’s causing you stress, you’re not alone. Water rates have increased as much as 40% since 2010 in Michigan. Unfortunately, this upward trend is expected to continue, with […]
“With great power comes great responsibility.” An electrical problem can put both landlords and tenants at risk. So, if you’re a rental investor, you need to ensure that you have a safe rental property to avoid any potential accidents or legal issues. Unfortunately, many landlords fail to recognize the signs until it’s too late. To […]
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 […]
Are you struggling to make rent each month and worried about straining your relationship with your landlord? You’re not alone. Many tenants face financial challenges that make it difficult to keep up with payments. If you’re looking for a solution, subletting may be worth considering. By renting out an extra room in your apartment or […]