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 52

Lease Landlord Lease Agreement Property 52

American Apartment Owners Association

NOVEMBER 11, 2024

Revelas platform uses AI to analyze everything from maintenance histories to leasing data, helping landlords and property managers optimize their portfolios. Smarten Up Maintenance Requests Handling and diagnosing maintenance issues like a leaking sink or broken AC can be time-consuming. Curious about Revela?

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Landlord Property Management Property Manager Maintenance 234

Buildium

MARCH 3, 2025

Faster Work Order Completions In the past, tenants had to call or email to submit a maintenance request, then follow up separately to check the statusadding extra hassle to their day. Now, maintenance automation has streamlined this process significantly. Try it for yourself with a risk-free 14-day trial or schedule a live guided demo.

Property Management 141

Property Management Property Manager Tenant Management 141

Buildium

MARCH 19, 2025

This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. Rental income includes all the payments you receive from tenants. Knowing what constitutes rental income is the first step in effective tax accounting for your rental property.

Rental Property Management 130

Rental Property Management Rental Property Property Management Property Manager 130

MRI Software

FEBRUARY 12, 2025

From tenant screening and legal compliance to property maintenance, the demands on landlords can quickly pile up and become overwhelming. These services typically include tenant screening, lease management, rent collection, and property maintenance, among others. Managing rental properties can often feel like a full-time job.

Landlord 52

Landlord Residential Property Management Residential Property Management Residential Property 52

Fourandhalf

AUGUST 22, 2024

These might include individual lease agreements, tailored maintenance schedules, and personalized tenant communication. Core features are essential for the daily management of your properties and might include tenant management, maintenance management, and financial accounting.

Property Management Software 174

Property Management Software Property Management Property Manager Management 174

American Apartment Owners Association

NOVEMBER 11, 2024

Revelas platform uses AI to analyze everything from maintenance histories to leasing data, helping landlords and property managers optimize their portfolios. Smarten Up Maintenance Requests Handling and diagnosing maintenance issues like a leaking sink or broken AC can be time-consuming. Curious about Revela?

Landlord 130

Landlord Property Management Property Manager Maintenance 130

MRI Software

JULY 26, 2024

Many real estate tenants unknowingly overpay on their leases, a costly oversight that can erode business profitability. Here are 6 common ways commercial tenants end up overpaying on their leases: 1. Vigilant review and negotiation of common area maintenance fees can help mitigate paying unnecessary expenses.

Lease 52

Lease Tenant Lease Agreement Landlord 52

MRI Software

APRIL 25, 2024

Leasing management software helps to overcome challenges and streamline leasing operations for the healthcare industry and mitigate the challenges they face. Data integration: Financial managers may face challenges in integrating lease-related data with other financial systems and processes, such as accounts payable and general ledger.

Lease 52

Lease Compliance Lease Agreement Maintenance 52

MRI Software

FEBRUARY 10, 2025

For landlords and property managers, effective residential leasing management is essential to reduce vacancies, attract quality tenants, and maintain a steady rental income. By focusing on areas like lease administration, maintenance, and communication, you can set your property up for long-term success.

Lease 52

Lease Property Management Property Manager Management 52

MRI Software

FEBRUARY 27, 2025

Leases are designed to provide stability for both landlords and tenants, but unforeseen circumstances can sometimes force landlords to consider breaking the agreement. Understanding your rights and responsibilities during an early termination of the lease agreement by landlord is key to handling lease terminations effectively.

Lease 52

Lease Landlord Lease Agreement Tenant 52

MRI Software

SEPTEMBER 10, 2024

Navigating the complexities of commercial real estate leases is essential for both property managers and tenants. In this article from MRI Software, we’ll explore the different types of commercial leases, providing valuable insights to help you navigate lease agreements with confidence. What defines a commercial lease?

Lease 52

Lease Insurance Landlord Retail 52

MRI Software

MARCH 3, 2024

Regular maintenance ensures that your property is a safe and comfortable place for tenants, helps avoid the expense of major repairs, and contributes to increasing the property’s value over time. For landlords and property managers, the challenge of managing maintenance tasks can be overwhelming. What is general property maintenance?

Property Maintenance 52

Property Maintenance Maintenance Property Tenant 52

MRI Software

MARCH 22, 2024

For landlords and property managers, this season is the perfect opportunity for essential property maintenance tasks. This spring home maintenance checklist will guide you through essential interior and exterior maintenance tasks to keep your properties safe, efficient, and appealing to current and prospective tenants.

Maintenance 52

Maintenance Tenant Property Management Software Property Management 52

MRI Software

FEBRUARY 5, 2025

Using multifamily property management software can help streamline rent collection, maintenance scheduling, and communication for properties with many tenants. Larger properties require more maintenance and tenant coordination, which increases time and resource demands. appeared first on MRI Software.

Property 52

Property Finance Rental Income Single-Family Home 52

MRI Software

FEBRUARY 8, 2025

Master leases are transforming the way multifamily properties are managed, offering landlords reliable income and opportunities for profit. Below we will explain what a master lease agreement is, its key components, and how to get a master lease agreement for multifamily properties. What is a master lease agreement?

Lease Agreement 52

Lease Agreement Lease Real Estate Landlord 52

MRI Software

AUGUST 3, 2024

This guide offers best practices for managing lease renewals and strategies for dealing with tenants who decide not to renew. How to ask a tenant if they will renew lease As a tenant’s lease period comes to an end, it’s your responsibility to start the renewal conversation.

Lease 52

Lease Tenant Landlord Rent 52

MRI Software

NOVEMBER 26, 2024

Corporate leases are becoming an increasingly popular option for landlords seeking stable and reliable tenants. For landlords and property managers, understanding corporate leases can help optimize rental strategies and reduce vacancy rates. What is a corporate lease?

Residential Property 52

Residential Property Lease Property Management Property Manager 52

MRI Software

SEPTEMBER 4, 2024

Reducing maintenance costs is understandably a top priority for multifamily property landlords. Efficient property maintenance not only saves you money but also enhances tenant satisfaction. In fact, studies show that proactive maintenance can reduce overall costs by up to 30% !

Maintenance 52

Maintenance Rental Property Landlord Property 52

MRI Software

SEPTEMBER 3, 2024

Lease renewal fees are a critical factor in multifamily property management, affecting both landlords and tenants. Did you know that renewing a lease with an existing tenant can save up to $1,000 in turnover costs? Understanding lease renewal fees is essential for maximizing your rental income and ensuring tenant satisfaction.

Lease 52

Lease Tenant Lease Agreement Broker 52

MRI Software

MARCH 1, 2025

Lease agreements are a fundamental aspect of managing rental properties, helping to establish clear terms and protect both landlords and tenants. Whether you’re an experienced property owner or new to renting, choosing the right lease agreement is essential for maintaining a smooth and profitable rental operation.

Lease Agreement 52

Lease Agreement Lease Landlord Compliance 52

MRI Software

FEBRUARY 12, 2025

A review of common areas, such as stairwells and parking lots, can reveal maintenance needs like better lighting or hazard removal. Reducing risks and improving community health Safety meetings help identify risks and implement preventive measures to protect residents and staff.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

NOVEMBER 28, 2023

Welcome to MRI Software’s exploration of a critical aspect of commercial property management: Common Area Maintenance (CAM). But what is Common Area Maintenance, and how does it intersect with real estate expense recoveries ? What is Common Area Maintenance (CAM)? How does Common Area Maintenance work?

Maintenance 52

Maintenance Lease Agreement Retail Commercial Property 52

MRI Software

MARCH 1, 2025

Early lease termination by tenants can leave landlords dealing with unexpected vacancies and financial losses. This guide covers everything landlords need to know about early termination of lease agreement by tenants. This guide covers everything landlords need to know about early termination of lease agreement by tenants.

Lease 52

Lease Landlord Lease Agreement Tenant 52

MRI Software

MARCH 5, 2025

Whether it’s a disagreement over maintenance responsibilities or an injury claim, legal fees can add up quickly. This can result in stronger tenant relationships and longer lease agreements. Regular maintenance and upgrades can help lower the cost of your liability insurance.

Insurance 52

Insurance Landlord Rental Property Tenant 52

MRI Software

FEBRUARY 1, 2025

The lease-up phase is one of the most important periods for a multifamily property. By combining proactive management with targeted strategies, you can streamline your lease-up process and attract quality tenants. By implementing a strategic plan, you can efficiently transition your property from pre-leasing to long-term stability.

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Lease Applications Applicants Tenant 52

MRI Software

MARCH 25, 2025

Property managers are turning to AI leasing assistants to simplify operations, improve tenant experiences, and streamline lead management. As automation becomes more advanced, these tools are changing the way leasing teams interact with prospects and residents. What is multifamily leasing assistant?

Lease 52

Lease Property Management Property Manager Tenant 52

MRI Software

MARCH 1, 2024

Routine maintenance of your multifamily property is essential for preserving its value and ensuring tenant satisfaction. Multifamily property maintenance comes with a host of responsibilities, from the routine cleaning of communal areas to the safety-critical testing of fire alarms.

Property Maintenance 52

Property Maintenance Maintenance Property Tenant 52

MRI Software

DECEMBER 3, 2024

Property managers act as the owners representative, handling everything from maintenance calls to tenant screening. Theyre responsible for everything from filling vacancies and managing leases to resolving tenant issues. A property manager also handles lease renewals to ensure a smooth transition at the end of each tenancy.

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property Management 52

MRI Software

NOVEMBER 4, 2024

These costs include rent, utilities, maintenance, property taxes, and insurance, making them a significant portion of your overall operating costs. Beyond rent, these costs consist of property taxes, utilities, insurance, and maintenance fees. Your actual occupancy costs include everything required to maintain and operate a property.

Utilities 52

Utilities Insurance Property Management Software Property Management 52

MRI Software

DECEMBER 1, 2024

There are many aspects to consider, from handling tenant relations to overseeing maintenance, all while keeping operational costs in check. Youll need to balance tenant relations, oversee maintenance requests, and ensure your property meets all legal and regulatory standards.

Apartment 52

Apartment Management Property Property Management 52

MRI Software

DECEMBER 15, 2024

This guide will explore key strategies and tools to help you automate property management tasks like rent collection, tenant communication, and maintenance management. For multifamily properties, this means automating everything from rent collection to maintenance requests and even tenant communication.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

DECEMBER 12, 2024

Whether its missed rent payments or a lease violation, understanding why tenants default and how to address these issues is key to protecting your rental business. Tenant default happens when a tenant fails to meet the terms of their lease agreement. What is tenant default? How does tenant default affect landlords?

Tenant 52

Tenant Lease Agreement Insurance Property Management Software 52

MRI Software

DECEMBER 8, 2024

Instead of juggling spreadsheets, phone calls, and paper files, you can do everything in one placefrom tracking rent payments to scheduling maintenance. Efficiency Imagine how much smoother things would run if you didnt have to manually collect rent or chase down maintenance issues. Maintenance requests? Lease renewals?

Property Management 52

Property Management Property Manager Real Estate Management 52

MRI Software

DECEMBER 17, 2024

From simplifying lease renewals to ensuring robust tenant satisfaction, this software is packed with benefits. Whether youre managing rent payments, maintenance requests, or tenant communication, this guide has you covered. It automates repetitive processes like rent collection and lease renewals, saving time and reducing errors.

Apartment 52

Apartment Management Property Management Software Property Management 52

MRI Software

DECEMBER 3, 2024

From communication and maintenance to leveraging technology, we’ll cover actionable strategies that can help you improve tenant retention and streamline your property management process. These include clear communication, fast responses to maintenance requests, and transparency about lease terms.

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property Management 52

MRI Software

DECEMBER 2, 2024

Below, well break down the critical components of a residential leasing and property management agreement. It covers the day-to-day operations, from tenant management to property maintenance, ensuring everything runs smoothly. Common responsibilities include tenant screening, rent collection, and property maintenance.

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property Management 52