MRI Software

MARCH 19, 2025

For example, real estate teams have used document abstraction tools to cleanse their data and to onboard new leases and addendums, ensuring the data remains reliable and up to date. By automating lease abstraction and creating a centralized database, AI can enable accounting and property teams to quickly access trustworthy information.

Real Estate

BetterWho

APRIL 24, 2025

Tenants are individuals or groups who rent residential or commercial property. They agree to pay rent in exchange for the right to occupy and use the property, typically under a lease agreement. A managed tenant refers to a renter who is under the care of a property management company. Who Are the Tenants?

Property Management

Property Management Inc.

JULY 14, 2025

To avoid legal headaches, consult state landlord-tenant laws, document unpaid rent diligently, and provide proper notices. Always document payment attempts for legal validity. Other Resources: Landlord's Guide to Eco-Friendly Property Upgrades Differences Between Commercial Property Management vs Residential Property Management

Rent

Buildium

MAY 29, 2025

Property managers use PetScreening to streamline the pet approval process, enhance resident satisfaction, and maintain community standards with greater confidence and fairness. The tool also supports easy communication with tenants about pet rules and documentation requirements. This speeds up lease execution, renewals, and audits.

Property Management

MRI Software

MARCH 27, 2025

To successfully benefit from AI technology, real estate companies need to take time to understand and document the data available to them and determine the most impactful scenarios for their business. Impact: Without a doubt, document abstraction is the most popular use case for AI in real estate.

Real Estate

Buildium

JUNE 12, 2025

With digital records, you’ll always have documentation on hand if a dispute arises. You can create checklists, assign them to staff, and keep records in the cloud. This makes it easier to plan quarterly HVAC checks, seasonal walkthroughs, or tenant move-in/move-out inspections. Reporting and Analytics You can’t fix what you don’t track.

Maintenance

MRI Software

JUNE 18, 2025

This can include lease documents, contracts, finance and accounting data, and other confidential items. Understanding the data you have today and defining rules to standardize it is the first step to ensuring that data can be used as part of day-to-day business processes.

Real Estate

SparkRental

FEBRUARY 6, 2025

It will feel like youre doing homework againand you arebut you need to document everything if you want to break down the investment into its working parts. You could also invest in real estate syndications, REITs (Real Estate Investment Trusts), or fractional ownership in commercial properties.

Real Estate

Beach Front Property Management

NOVEMBER 20, 2024

Finding the perfect commercial property for your business is an exciting milestone, but lease negotiations can sometimes feel overwhelming. Negotiating commercial property leases requires careful market research and attention to key terms like rent, lease duration, and maintenance responsibilities.

Commercial Property

Condo Control

NOVEMBER 21, 2024

Owners living in California can elect directors and amend governing documents using electronic secret ballots as of January 1, 2025. HOAs were not specifically mentioned in HB 1237, but Senate Bill 398 did state that “each association shall designate on its website” certain documents. The policy must be posted on the POA’s website.

Condominium

Esquire Property Management Group

NOVEMBER 14, 2024

Typical Commercial Property Management Fees and Services Explained Here Owning commercial property can be an excellent investment, providing steady income and appreciation over time, but it is not for the faint of heart. While hiring a property manager offers peace of mind, it also comes with costs and expectations.

Commercial Property Management

Real Property Management Chicago

JUNE 29, 2023

Residential properties are multifamily structures with four or fewer units, while properties with more than four units are typically commercial properties. In many ways, how you look for, evaluate, and price the multi-family property you wish to buy will depend on its size.

Multi-Family Building

Yardi Breeze

DECEMBER 6, 2024

How should I set up this property? For a mixed-use property, it is possible to set up the commercial units as a commercial property and the residential units as a residential property. For reporting, you can then set up a property list to group together the residential and commercial properties.

Property Management Software

Yardi Breeze

OCTOBER 29, 2024

Not just for affordable housing Most of GWM’s business is centered on commercial property management. The company of approximately 40 people manages more than 30 properties across western North Carolina and East Tennessee. Instead, the process is nearly instantaneous, paperless and automatic.

Commercial Property Management

Condo Control

MARCH 6, 2025

IoT solutions are more common for commercial properties , but that doesnt mean residential buildings cant use them. One of the many tricks that STAN AI can perform is document scanning. Upload governing documents, and STAN can analyze them in a matter of seconds.

Condominium

Esquire Property Management Group

OCTOBER 9, 2024

The bill has faced opposition from significant commercial property associations, including the California Business Properties Association , the International Council of Shopping Centers , and the California Chamber of Commerce , underscoring the contentious nature of this legislation.

Lease

Bay Property Management Group

NOVEMBER 18, 2024

Both are non-profits with regulations and governing documents that dictate the day-to-day operations, as well as how they are funded. They usually are more involved with overseeing commercial properties, parks, and other public spaces but less involved with specific housing rules or regulations of the homeowners.

Government

Esquire Property Management Group

DECEMBER 11, 2023

Managing tenant insurance is a crucial element in overseeing commercial real estate (CRE) from a landlord and commercial property management perspective. This specialized insurance coverage goes beyond the standard commercial property protection, offering nuanced financial safeguards which help both the tenant and the landlord.

Insurance

Esquire Property Management Group

DECEMBER 18, 2023

A Commercial Real Estate Letter of Intent (LOI) is a document that is designed to outline the terms and conditions of a “potential” commercial real estate transaction between a buyer and a seller. Trust, 631 F. 3d 1058 – CA Court of Appeals, 9th Circuit 2011 ; Copeland v. Baskin Robbins USA, 117 Cal.

Real Estate

Real Property Management California Coast

APRIL 15, 2022

Multi-family properties with four or fewer units are often financed with residential mortgages, just the same as buying those single-family properties. Also, you have to understand that commercial property is purchased with commercial debt and priced based on a value formula, not comparable properties.

Multi-Family Building

Real Property Management DC Metro

APRIL 15, 2022

Multi-family properties with four or fewer units are, more often than not, financed with residential mortgages, just the same as buying single-family properties. But take heed, commercial property is purchased with commercial debt and priced based on a value formula, not comparable properties.

Multi-Family Building

MRI Software

NOVEMBER 28, 2023

Welcome to MRI Software’s exploration of a critical aspect of commercial property management: Common Area Maintenance (CAM). CAM encompasses the tasks and costs associated with maintaining shared spaces within a commercial property, a fundamental component of real estate management.

Maintenance

MRI Software

DECEMBER 3, 2024

In this blog, well explore exactly what is residential property management, what property managers do, and why their role is essential for maintaining a profitable and well-run rental property. Well also dive into what is the difference between residential and commercial property management.

Residential Property Management

Young Management

OCTOBER 3, 2024

Whether it’s a residential development, commercial property, or rental building, people can now invest. They don’t have to purchase the entire property themselves. To participate in real estate crowdfunding, landlords should have a few important documents ready. Crowdfunding platforms act as middlemen.

Real Estate

SparkRental

DECEMBER 5, 2024

years for residential and 39 years for commercial properties. But we all know many components of a property won’t last anywhere close to three decades. Many types of personal property (think appliances, furniture, and fixtures) depreciate quickly, often over just five or seven years. And so does Uncle Sam.

Rental Property

MRI Software

FEBRUARY 2, 2025

However, lenders often require additional documentation about the buildings HOA, such as financial stability and insurance coverage, to ensure the property is a sound investment. Multifamily properties face stricter financing rules, particularly for commercial properties with five or more units.

Finance

InveServe

JANUARY 2, 2025

Always maintain a professional tone and document communications for clarity and accountability. Focus on Shared Goals : Highlight mutual interests, such as maintaining the propertys condition or ensuring a positive living environment. This shifts the conversation from conflict to cooperation.

Landlord

MRI Software

FEBRUARY 13, 2025

For example, a commercial property with a BEMS can save up to 20% on energy bills annually. This intelligent control enhances comfort while maintaining energy efficiency, creating a win-win scenario for property managers and tenants. By monitoring energy use in real-time, it helps identify and eliminate waste.

Management

MRI Software

OCTOBER 9, 2024

Fund reporting as a living document Artificial intelligence also has the potential to transform the firm’s static financial reporting into living documents that investors can tailor to their needs.

Real Estate

SparkRental

NOVEMBER 14, 2024

In contrast, residential mortgage loans usually allow up to 30-year terms, and commercial property loans typically allow up to 25-year terms. You’ll need documents like tax returns, recent bank statements, evidence of your rental property experience, and detailed financial records for any existing properties.

IT

Second Nature

JANUARY 29, 2025

Explain what types of properties you manage and how you operate. Options include single-family residential property management (SFR), multi-family property management (MFR) or residential apartments, HOA management, and commercial property management.

Property Management

MRI Software

OCTOBER 3, 2024

Proper documentation and communication with all parties involved are essential to ensuring that the sublease is legally sound and enforceable. It is also advisable to draft a clear and detailed sublease agreement that outlines the rights and responsibilities of both you and the subtenant.

Lease

MRI Software

SEPTEMBER 10, 2024

Detailed documentation and clear communication can help safeguard the tenant’s interests throughout the lease term. Contact MRI Software For more information on the different types of commercial leases, contact MRI Software today on 1800 321 8770.

Lease

SparkRental

NOVEMBER 11, 2024

The legal document that the borrower signs is called a promissory note (or just “note” for short). Some closed funds have a fixed start date and target close date — they buy commercial properties, hold them for a certain period of time, then sell them and pay everyone out.

Real Estate

HOA Managememt

OCTOBER 10, 2024

Notwithstanding any provision in the community documents, an association shall not prohibit the indoor or outdoor display of a political sign by an association member on that member’s property, except that an association may prohibit the display of political signs as follows: 1. That said, individual HOA rules may apply.

Government

Schofields Insurance

FEBRUARY 20, 2025

All these documents can be produced with support from an accountant, but this is yet another cost to factor in, as is the cost of any other professional services you may need to use. Mortgage rates Mortgage interest rates and fees are normally higher for a company loan than equivalent mortgages on properties held in a personal name.

Consulting