Buildium

JUNE 12, 2025

Property maintenance is also a central part of what keeps tenants satisfied, costs under control, and your properties as safe and profitable as possible. They often come with mobile capabilities so managers, tenants, and vendors can communicate and act quickly, especially when on the go.

Maintenance

Buildium

JUNE 12, 2025

Here’s what to look out for: Accounting Strong accounting features form the foundation of any reliable property management platform. Managers need tools that accurately track rent payments, expenses, and deposits while keeping owner and tenant funds separate.

Property Management Software

Buildium

JUNE 25, 2025

Apartment management demands a careful balance of tenant satisfaction, building upkeep, financial control, and regulatory compliance. Luckily, the same principles apply: keep units occupied, tenants engaged, operations running efficiently, and finances under control. Start marketing units before tenants move out to reduce vacancy time.

Apartment Management

MRI Software

FEBRUARY 12, 2025

Managing rental properties can often feel like a full-time job. From tenant screening and legal compliance to property maintenance, the demands on landlords can quickly pile up and become overwhelming. For landlords with multiple properties or limited time, these services are invaluable.

Landlord

Buildium

JULY 30, 2025

What Type of Property Manager Are You? TAKE THE QUIZ Next Schedule a Demo #4: Winterize Your Plumbing Insulate any water pipes that are near the exterior of the building. And if you want to stay on top of all your maintenance needs year-round, take a look at our comprehensive property maintenance guide.

Maintenance

Buildium

JUNE 23, 2025

Installing smart thermostats, keyless entry systems, leak detectors, and energy-efficient lighting can: Reduce utility costs Attract tech-savvy tenants Increase rental value Upgrades like these are relatively low-cost and easily installed by a trained maintenance team, offering a high ROI for both owners and managers.

Maintenance

Buildium

APRIL 3, 2025

Use this home maintenance checklist to prepare your properties for the months ahead, make any repairs caused by the past season, and get ahead of common maintenance issues in the spring and summer. Spring is the perfect time to address regular maintenance and prepare your property for the upcoming warmer weather.

Maintenance

Buildium

OCTOBER 28, 2024

However, cultivating strong relationships with existing clients and encouraging them to expand can be a more cost-effective way to add doors to your portfolio—particularly in a market where more rental owners may be interested in acquiring new properties in comparison with the recent past. What Type of Property Manager Are You?

Property Management

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.

Property Maintenance

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

MRI Software

DECEMBER 12, 2024

Tenant default is a challenge many landlords and property managers face, often causing financial stress and operational disruptions. 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. What is tenant default?

Tenant

MRI Software

MARCH 1, 2025

Early lease termination by tenants can leave landlords dealing with unexpected vacancies and financial losses. It can disrupt your rental income and make finding new tenants quickly a challenge. This guide covers everything landlords need to know about early termination of lease agreement by tenants.

Lease

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

MRI Software

FEBRUARY 10, 2025

Managing tenant turnover can be one of the most challenging aspects of rental property management. For landlords and property managers, effective residential leasing management is essential to reduce vacancies, attract quality tenants, and maintain a steady rental income.

Lease

MRI Software

DECEMBER 3, 2024

Managing these properties can be challenging, and thats where residential property management comes in. If you own a rental property or multifamily building, the day-to-day responsibilities of tenant management, property upkeep, and finances can quickly become overwhelming. What is residential property management?

Residential Property Management

MRI Software

AUGUST 1, 2024

Rather than being physically present, property managers leverage technology and digital tools to manage essential tasks such as rent collection, lease administration, maintenance coordination, and tenant communication. The post Active vs. passive property management appeared first on MRI Software.

Property Management

MRI Software

DECEMBER 12, 2023

For investors, multifamily properties offer a profitable opportunity, however, they come with a unique set of challenges. From ensuring satisfaction for multiple tenants to tracking payments to handling emergency maintenance issues, managing these types of properties requires effort and expertise.

Property Management

MRI Software

FEBRUARY 8, 2025

Whether youre a landlord or a tenant, mastering this concept can help you optimize your real estate strategy. A master lease agreement for multifamily is a legal contract where a property owner leases an entire property to a tenant, granting them management control without ownership. What is a master lease agreement?

Lease Agreement

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

MRI Software

DECEMBER 2, 2024

For multifamily property owners, having this agreement is even more critical. It covers the day-to-day operations, from tenant management to property maintenance, ensuring everything runs smoothly. Scope of services The scope of services defines what the property manager will handle on behalf of the owner.

Residential Property Management

MRI Software

DECEMBER 8, 2024

In fact, according to a survey by Software Advice , 53% of property managers report that using a PMS has reduced their operating costs, proving that these systems arent just convenienttheyre transformative. PMS solutions are particularly useful for residential properties where there are many tenants to manage.

Property Management

MRI Software

FEBRUARY 9, 2025

Residential management fees are payments property owners make to management companies for overseeing their rental properties. These fees typically cover essential tasks like tenant screening, rent collection, and property maintenance. Think of these fees as an investment in your propertys long-term success.

Rental Management

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. Whether you’re facing tenant issues, property sales, or personal circumstances, well help you to better understand this situation and protect your rental business.

Lease

MRI Software

MARCH 22, 2024

For landlords and property managers, this season is the perfect opportunity for essential property maintenance tasks. After the winter months, taking proactive steps to inspect and repair your properties can prevent major issues and ensure they are ready for the warmer months ahead.

Maintenance

MRI Software

OCTOBER 12, 2023

PropTech has been one of the useful residential property tech trends for fraud prevention. PropTech solutions integrate advanced identity verification methods to ascertain the legitimacy of prospective tenants. This pre-emptive approach ensures that property businesses are always a step ahead of fraudsters.

Residential Property

MRI Software

SEPTEMBER 14, 2024

Properties situated in desirable areas, such as bustling city centers, thriving job markets, or close to reputable schools and amenities, tend to maintain lower vacancy rates due to consistent demand. Safety and community reputation: Areas known for low crime rates and strong community engagement are more attractive to prospective tenants.

Rental Income

MRI Software

DECEMBER 5, 2024

For many landlords, rental income is more than just extra cashits essential for covering mortgage payments, property maintenance, and personal financial goals. In fact, a 2020 report by the Joint Center for Housing Studies found that 41% of rental property owners depend on rental income for more than half of their household income.

Rental Income

MRI Software

NOVEMBER 1, 2024

For multifamily property managers, handling maintenance requests efficiently can be the difference between happy tenants and unexpected, costly repairs. In this guide, we’ll dive into what is a work order management system, how it works, and why it’s so important for property managers.

Management

MRI Software

SEPTEMBER 13, 2024

These include rent collection, property maintenance, and tenant relations. They must also ensure that the property meets financial targets and complies with local regulations. Technology, like MRI Software’s multifamily property management solution, can streamline many of the tasks involved in managing a property.

Real Estate

MRI Software

SEPTEMBER 15, 2024

The sponsor is the one who does the heavy lifting—finding the property, securing financing, and managing the day-to-day operations. Meanwhile, as a limited partner, you get to sit back and enjoy the ride, earning a share of the profits without having to deal with tenants or property maintenance, making it a truly passive investment.

Real Estate

MRI Software

MARCH 2, 2025

A multifamily rental property is any residential building that consists of multiple separate living units within one structure. These properties can include duplexes, triplexes, and larger apartment complexes, offering landlords the opportunity to generate income from multiple tenants simultaneously.

Landlord

MRI Software

MARCH 5, 2025

Airbnb investing offers the potential for high returns through short-term rentals, while multifamily investing provides steady income with long-term tenants. Multifamily investment, on the other hand, involves purchasing buildings with multiple rental units leased to long-term tenants. What does each investment strategy require?

Airbnb

Buildium

MAY 21, 2025

While many fees are paid by owners, there are just as many that tenants and community residents pay, as well, including late fees, amenity fees, and pet fees. Fees Concerning Lead-to-Lease: There are also a number of fees related to finding tenants for vacancies. What works in Boston, MA might not work in Portland, OR.

Property Management

Buildium

MAY 21, 2025

According to the 2025 Property Management Industry Report, dealing with longer vacancies is a top challenge that property managers across the country are facing. They’re spending more time looking for the right tenants to fill their units to avoid high turnover, or even evictions, down the line.

Property Management