Blog

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.

2024-05-09

1031 Rules in Michigan: What to Know if You’re Selling Your Rental

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 […]

2024-04-29

How to Make Tenants Pay for Repairs

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 […]

2024-04-23

The 2024 NFL Draft – What it Means for Detroit Investors

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 […]

2024-04-15

These 5 Detroit Neighborhoods are Getting a $14.5M Investment

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 […]

2024-03-25

Why are Detroiters’ Water Bills Skyrocketing (And What Can Tenants Do)?

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 […]

2023-12-04

3 Tell-Tale Signs Your Rental Has Electrical Problems (And What to Do)

“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 […]

2023-06-06

Maximizing Your Rental Space: The Benefits of Subletting

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 […]

2022-12-12

5 Best Bike Routes to Cycle Around and Explore The City Of Detroit

The City of Detroit may be called Motor City, but that doesn’t mean you always have to drive around. If you’re looking for a good weekend adventure, there are several biking trails in the City of Detroit with gorgeous views and scenic routes for you to enjoy. Plus, there are a lot of benefits to […]

2022-09-05

Time to Settle Down: 5 Best Metro Detroit Neighborhoods to Retire In

As you get older, the idea of settling down becomes more appealing. You want to be close to your family and friends, have all your favorite stores and restaurants nearby, and know that you can rely on your neighbors in a time of need. Luckily, Metro Detroit has many cities and neighborhoods that meet the […]

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