MRI Software

FEBRUARY 11, 2025

Lease audits play a crucial role in ensuring accuracy and efficiency in multifamily property management. They help landlords uncover discrepancies, verify compliance with lease terms, and maintain better financial control over their property. What is the purpose of lease audits?

Lease

Buildium

JANUARY 22, 2025

Utilize Content Marketing Content marketing involves creating and sharing valuable content to attract and retain customers. For property management companies, this could include blog posts, videos, infographics, and downloadable guides. Email Segmentation: Segment your email list based on client interests and behaviors.

Property Management

Buildium

JUNE 12, 2025

A strong work order system lets managers set deadlines, add internal notes, and monitor vendor performance. It also creates a paper trail for every repair, which is helpful for compliance, budgeting, and long-term planning. Effortless Receipt Management: Capture, categorize, and upload receipts instantly.

Maintenance

Hospitable

JUNE 10, 2025

You can also utilize AI tools in your Hospitable Inbox when you want to create a personalized message for your guests manually. Visit your local government website to determine the necessary steps to ensure compliance. Before you build a network of short-term rental properties, this approach would drain your profits.

Rental Property

Buildium

JUNE 28, 2025

Stage property listing photos and virtual tours with digital furniture and decor. Lower utility costs by adapting usage to outside temperatures and conditions. As tech in the property management industry continues to evolve, implementing AI into your business processes is a smart long-term strategy. Not necessarily.

Property Management

Yardi Breeze

DECEMBER 6, 2024

We get a lot of questions from property managers about Yardi Breeze and Yardi Breeze Premier. To help you out, we assembled a list of common property management software FAQs below. The RentCafe resident portal is fully integrated into our Breeze and Breeze Premier property management software.

Property Management Software

Buildium

DECEMBER 30, 2024

For example, you can deduct the rent and utilities you spend for an office or other workspace outside of your home. Having property management software with accounting features can help you do that. For business meals, however, you can only deduct 50% of the total cost.

Property Management

Buildium

DECEMBER 26, 2024

As the main, reliable source of income to finance its operating and capital expendituresareas that have been under a lot of pressure recentlyboards see securing this funding as priority number one for effective management. However, on its own, pulling all the data and putting the reports together can take hours of the community managers time.

Management

Buildium

JANUARY 6, 2025

Compliance: Meetings help confirm that all actions and decisions align with the communitys governing documents and relevant legal requirements, thereby safeguarding the communitys interests. This position also involves preparing financial reports, managing contracts, and keeping all communication channels open and effective.

Management

BetterWho

OCTOBER 4, 2024

Diversify Revenue Streams If your business relies heavily on additional tenant fees, consider diversifying your income through services like maintenance packages or premium property management offerings that provide clear value. Utilize Compliance Tools Invest in property management software that includes compliance features.

Property Management

Avantio

JANUARY 14, 2025

Is investing in property management software the key to success in a competitive industry? This question resonates with property managers worldwide looking for efficient ways to streamline operations, maximize revenue, and enhance guest satisfaction. What Is Property Management Software?

Property Management Software

Buildium

OCTOBER 21, 2024

Utilities and Services Any utilities that aren’t billed directly to individual members will need to be accounted for in the budget. However, if your association includes utility costs in the membership dues, you’ll need to consider the usage rates for the entire community.

Finance

BetterWho

SEPTEMBER 27, 2024

Why Accurate Accounting Matters For property managers, accurate accounting is more than just balancing the books. It’s about understanding the financial health of your properties, ensuring compliance, and preparing for tax season without stress. Expenses: Maintenance, utilities, property management fees, and insurance.

Property Management

Authority Property Management

AUGUST 3, 2024

Immediate expenses will include compliance with new maintenance standards and potential legal fees for eviction disputes. Political and Legal Impact Regulatory Compliance: Landlords will need to navigate a more complex regulatory environment, necessitating legal consultations and possible revisions of lease agreements.

Property Management

MRI Software

DECEMBER 12, 2023

They are the backbone of property operations, overseeing everything from tenant relations to the physical upkeep of the premises. Property managers often utilize multifamily property management software as a powerful tool to streamline management tasks and responsibilities.

Property Management

Florida Property Management

SEPTEMBER 11, 2023

These technologies not only enhance property security but also provide cost-saving opportunities through energy efficiency. Smart thermostats, for instance, allow for precise control of heating and cooling, reducing utility costs for both landlords and tenants.

Property Management

MRI Software

DECEMBER 9, 2024

Typical operating expenses for multifamily expenses fall into predictable categories like maintenance, utilities, and property management fees. Fixed and variable multifamily expenses Fixed multifamily expenses, like property taxes and insurance premiums, stay relatively stable year-round.

Management

MRI Software

MARCH 15, 2024

What sets industrial property management apart is its emphasis on addressing the specific needs and challenges inherent to industrial sites, including proactive maintenance to uphold safety standards and compliance with health and safety regulations. appeared first on MRI Software.

Industrial Property Management

Second Nature

SEPTEMBER 26, 2024

Property management automation refers to using technology and software to automate various tasks and optimize processes related to managing properties. Tools like RentCheck and OnSight Pros can either automate or outsource this work for you as a property manager. This one is pretty straightforward.

Property Management

MRI Software

SEPTEMBER 1, 2024

Energy-efficient appliances, such as ENERGY STAR-rated refrigerators, washers, and fixtures like low-flow faucets and LED lighting, lower utility costs and attract eco-friendly tenants. Clearly defining the extent of the work helps you manage costs and prioritize essential improvements.

Apartment

MRI Software

SEPTEMBER 18, 2023

From office buildings and retail spaces to industrial complexes and leisure facilities, effective commercial property management is crucial for maximizing value, ensuring tenant satisfaction, and maintaining profitability. That’s why MRI Software develops smart solutions for the property sector.

Commercial Property Management

California Pacific Realty

AUGUST 14, 2024

This would encompass maintenance costs, such as repairs and routine upkeep, along with variable expenses, such as property taxes, which depend on the location. Other important costs that should be included in property accounting are utilities like water, electricity, and gas and insurance premiums covering various risks.

Property Management

Nest DC

JUNE 7, 2024

While maintaining legal compliance is crucial, delivering high-quality housing is essential to attracting and retaining qualified tenants. By prioritizing both efficiency and quality in property management, you can create a win-win situation for yourself and your residents.

Property Management

Tokeet

AUGUST 12, 2024

These licenses often require additional coursework and exams focused on property management. Business License : In some areas, property managers must obtain a business license to operate legally. This ensures compliance with local business regulations and tax requirements.

Property Management

InveServe

NOVEMBER 5, 2024

Utilize market reports and benchmarking tools to adjust rent prices and align with current demand, reducing tenant turnover. Reduce Operating Expenses Cost management is essential for increasing net income: Adopt Energy-Saving Measures : Utilize energy-efficient appliances, LED lighting, and water-saving fixtures to reduce utility bills.

Single-Family Home

MRI Software

MARCH 4, 2025

It also encourages tenants to be more mindful of their water consumption, promoting sustainability within the property. This guide will walk you through how to submeter water in a multifamily property, covering key aspects such as planning, installation, compliance, and ongoing management.

Property

MRI Software

AUGUST 2, 2024

Best Practices for Income Verification Complying with Fair Housing Laws Property managers must ensure that income verification practices align with fair housing laws to prevent discrimination. This compliance is critical to maintaining equitable treatment for all applicants. The post How do property managers verify income?

Property Management

MRI Software

FEBRUARY 21, 2024

Your teams need near real-time views into property management software data in your MRI Software system to enable faster financial and operational reporting. Solution: Utilize Spreadsheet Server to connect to MRI data, creating custom Excel reports for detailed tracking. IRS Form 4562 and Schedule E).

Real Estate

MRI Software

OCTOBER 23, 2023

Get a software demo Multifamily software used by the top ten NMHC managers Take full control of the lead-to-lease process Get a demo Utilizing multifamily property management software with multifamily AI can significantly enhance the safety and security of your properties.

Property

InveServe

MAY 16, 2024

Best Practices for Efficient Property Management Leveraging Technology for Maintenance and Tenant Management Modern property management software solutions can streamline operations, from maintenance requests to tenant communications.

Property Management

Avantio

OCTOBER 23, 2024

Best Practices for Property Managers The Importance of SES Hospedajes in 2024 Why Do You Need to Use SES Hospedajes as a Property Manager? Legal Requirements and Compliance Using SES Hospedajes is a legal obligation enforced by the Ministry of Interior. Data Retention: How Long Should You Keep Traveler Reports?

Property Management

MRI Software

FEBRUARY 27, 2025

Consulting legal professionals can ensure compliance with local housing laws. Understanding when and how a landlord can terminate a lease early is crucial for maintaining compliance and protecting your rights. Understanding your rights and obligations helps prevent misunderstandings and ensures compliance with state laws.

Lease

Esquire Property Management Group

DECEMBER 11, 2023

Landlords and property managers need to familiarize themselves with the ins and outs of insurance policies and coverage details to verify tenants’ compliance with lease agreement terms. It falls on the shoulders of landlords and property managers to guarantee tenants possess sufficient insurance coverage.

Insurance

Host Tools

DECEMBER 26, 2024

Leverage equity Already own properties? Utilize the equity from your existing properties to secure financing for additional rental investments. Legal and Regulatory Considerations Understanding legal and regulatory requirements is essential when owning multiple rental properties.

Rental Property

MRI Software

MARCH 19, 2024

Sustainable properties often have higher market prices and rental rates. Energy-efficient systems and sustainable materials lead to lower utility bills and maintenance expenses. Sustainable properties also attract and retain tenants more effectively. Lower operational costs are another great benefit.

Real Estate

Avantio

JUNE 3, 2024

Some regions have strict rules that can limit rental opportunities, so it’s important to research and ensure compliance with local laws. Utilizing dynamic pricing strategies can adjust rates based on demand, maximizing income. Research local regulations thoroughly before investing to ensure compliance and avoid potential legal issues.

Rental Income

MRI Software

DECEMBER 10, 2024

Answering these questions helps ensure the property resonates with your target market. Safety considerations Safety compliance is a non-negotiable part of residential property management. Ongoing management and maintenance Proper management and maintenance are essential to keep your converted property in top condition.

Commercial Property