MRI Software

DECEMBER 2, 2024

Did you know that nearly 50% of rental property owners in the U.S. rely on a property management company? Whether you manage a single unit or an entire multifamily building, having a solid property management agreement is essential for smooth operations. What is a residential property management agreement?

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property Management 52

MRI Software

NOVEMBER 26, 2024

For landlords and property managers, understanding corporate leases can help optimize rental strategies and reduce vacancy rates. In contrast, a personal lease is signed by an individual who is directly responsible for living in the property and handling rental payments. What is a corporate lease apartment?

Residential Property 52

Residential Property Lease Property Management Property Manager 52

MRI Software

OCTOBER 12, 2023

Keeping up with the latest residential property tech trends can be difficult, but understanding the technologies that are popular today can help your organization stay ahead of the competition. PropTech has been one of the useful residential property tech trends for fraud prevention.

Residential Property 52

Residential Property Property Real Estate Residential Property Management 52

MRI Software

DECEMBER 15, 2024

Thats where unoccupied residential property insurance comes inits designed to protect your investment when your property isnt actively in use. This guide breaks down everything you need to know about unoccupied residential property insurance and how to choose the right policy. What is unoccupied property insurance?

Residential Property 52

Residential Property Insurance Landlord Property 52

MRI Software

DECEMBER 16, 2024

Owning rental properties can be rewarding, but without the right insurance, a single incident could cost you thousands of dollars. If youre renting out a residential property, protecting your investment isnt just smartits essential. Why is it important to have landlord insurance?

Residential Property 52

Residential Property Insurance Property Landlord 52

MRI Software

DECEMBER 8, 2024

Managing multifamily properties can be a daunting task, but technology is changing the game. Property management systems (PMS) have become essential tools for landlords and property managers. What is a property management system (PMS)?

Property Management 52

Property Management Property Manager Real Estate Management 52

MRI Software

AUGUST 5, 2024

As a landlord or property manager, it’s essential that you meet these multifamily housing trends to attract and retain tenants. In this guide, we highlight the multifamily technology trends that are here to stay and why they are essential for modern residential properties. What is multifamily technology?

Tenant 64

Tenant Property Management Software Residential Property Property Management 64

MRI Software

OCTOBER 24, 2023

In residential property management, following up on leads and maximizing occupancy are crucial to the success of your multifamily community. While essential to the success of your property portfolio, maximizing resident occupancy can be challenging. In this guide, we explain how to maximize residential property occupancy.

Rental Property 52

Rental Property Residential Property Management Residential Property Management Property Management Software 52

MRI Software

MAY 10, 2024

Understanding economic occupancy and physical occupancy is essential for effective residential property management as it allows for in-depth assessment of the financial health of properties and make informed decisions. – Physical Occupancy measures the proportion of units that are occupied in a property.

Residential Property Management 52

Residential Property Management Residential Property Management Rental Income Residential Property 52

MRI Software

DECEMBER 11, 2023

In this comprehensive guide, we examine the factors that determine their classification as residential or commercial. We also look at how the classification influences financing, taxes, and property management. A residential property is a type of real estate that is primarily used for housing people.

Commercial Property 52

Commercial Property Residential Property Finance Retail 52

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. You should also assess the propertys structural integrity, ensuring it can safely accommodate its new use.

Commercial Property 52

Commercial Property Landlord Rent Residential Property Management 52

MRI Software

OCTOBER 23, 2023

Artificial intelligence (AI) isn’t a dream of the future anymore – it’s here now, and it’s being used in industries across the globe, including in the residential real estate sector. This technology reduces risk through various functions, including ID verification, insurance management, and tenant screening. What is Multifamily AI?

Property 52

Property Insurance Property Management Property Manager 52

MRI Software

DECEMBER 13, 2023

For property managers and management companies, staying ahead of these trends is crucial for success and growth. Multifamily property management software is a digital tool designed to streamline and enhance the operations of managing apartment complexes and other multifamily properties.

Property Management Software 52

Property Management Software Property Management Property Manager Apartment 52

MRI Software

DECEMBER 4, 2024

Multifamily zoning regulations are a crucial part of urban planning, shaping how land can be used for residential development. As demand for higher-density housing continues to grow, property managers and investors need to understand the basics of zoning for multifamily developments to make informed decisions.

Regulation 52

Regulation Government Applications Applicants 52

MRI Software

SEPTEMBER 8, 2024

Understanding the distinctions and overlaps between student housing and multifamily properties is crucial for landlords and property managers. An overview of multifamily housing in detail Multifamily housing encompasses various residential properties designed to accommodate multiple families or individuals.

Property Management 52

Property Management Property Manager Real Estate Landlord 52

MRI Software

FEBRUARY 9, 2025

Managing rental properties can be time-consuming, which is why many property owners turn to property management companies for help. This guide will take you through calculating residential rental management fees, exploring common fee structures, and optimizing your costs for maximum profitability.

Rental Management 52

Rental Management Management Property Management Property Manager 52

MRI Software

FEBRUARY 25, 2025

Whether you’re a new landlord or an experienced investor, these insights will help you maximize your property’s potential. What is multifamily asset management? Multifamily asset management is the process of overseeing residential properties with multiple units to enhance their financial and operational performance.

Landlord 52

Landlord Management Property Management Software Property Management 52

MRI Software

DECEMBER 12, 2024

Benefits of tenant default insurance Tenant rent default insurance is one of the key pillars of residential property management , offering peace of mind and financial stability for landlords. Check for exclusions: Be aware of policies that dont cover certain property types, like short-term rentals or uninhabitable units.

Rental Income 52

Rental Income Insurance Landlord Tenant 52

MRI Software

NOVEMBER 4, 2024

Occupancy costs, also known as occupancy expenses, typically account for 35% to 50% of operating expenses for multifamily properties. These costs include rent, utilities, maintenance, property taxes, and insurance, making them a significant portion of your overall operating costs.

Utilities 52

Utilities Insurance Property Management Software Property Management 52

MRI Software

FEBRUARY 8, 2025

They also provide opportunities for tenants to negotiate future control or ownership of the property. Management responsibilities: The master tenant typically manages subleasing units, rent collection, and property maintenance.

Lease Agreement 52

Lease Agreement Lease Real Estate Landlord 52

MRI Software

DECEMBER 12, 2023

Understanding multifamily properties in today’s real estate market is essential for investors and property managers. For investors, these properties present lucrative opportunities for diversifying portfolios and securing long-term income streams. What is a multifamily property? Who are multifamily homes best for?

Single-Family Home 52

Single-Family Home Property Property Management Software Property Manager 52

MRI Software

DECEMBER 5, 2024

Manage your rental income with MRI Software’s powerful property management tools MRI Software offers a suite of multifamily property management solutions designed to make your life as a landlord easier.

Rental Income 52

Rental Income Insurance Landlord Rent 52

MRI Software

SEPTEMBER 2, 2024

According to a recent survey , 78% of residents prioritize customer service when choosing where to live​ Ensuring a great experience from the first day can set your properties apart. Strategies and techniques for building a brand identity for multifamily properties Branding is essential for multifamily residential property management.

Apartment 52

Apartment Media Residential Property Management Residential Property Management 52

MRI Software

MARCH 25, 2025

Property managers are turning to AI leasing assistants to simplify operations, improve tenant experiences, and streamline lead management. From automating leasing workflows to providing 24/7 support, AI leasing assistants are becoming indispensable for property managers.

Lease 52

Lease Property Management Property Manager Tenant 52

MRI Software

MARCH 20, 2025

Investing in multifamily apartments is one of the most promising real estate strategies for landlords and property managers. Multifamily properties provide financial stability and long-term growth opportunities, making them a reliable choice for building capital. What is multifamily apartment investing?

Apartment 52

Apartment Single-Family Home Finance Landlord 52

MRI Software

MARCH 25, 2024

Economic occupancy is a crucial metric often discussed in property management and investment. Conversely, a lower economic occupancy may signal inefficiencies in property management, leasing strategies, or market conditions. Get a demo The post What is Economic Occupancy in Real Estate?

Real Estate 52

Real Estate Property Management Software Rent Tenant 52

MRI Software

MARCH 23, 2025

For example, pooling resources with other investors in a syndication can reduce upfront costs and help you access larger properties. Implement effective property management Effective property management is crucial for maintaining steady cash flow and keeping your tenants satisfied.

Property Management 52

Property Management Property Manager Tenant Transportation 52

MRI Software

MARCH 26, 2025

Multifamily syndications are a powerful way for passive investors to build wealth without the hassles of hands-on property management. These investments let you benefit from rental income and property appreciation without the headaches of active property management.

Rental Income 52

Rental Income Property Management Property Manager Real Estate 52

MRI Software

JUNE 2, 2024

MRI Software are leaders in innovative real estate software and in this article, we explore how AI is reshaping residential property management software and real estate CRM solutions. AI in real estate is transforming the industry by enhancing efficiency, accuracy, and customer experience.

Real Estate 52

Real Estate Government Residential Property Management Residential Property Management 52

MRI Software

MARCH 27, 2025

These grants for multifamily housing provide financial support to landlords who want to develop new units, renovate existing properties, or maintain affordable housing. If youre a landlord or property manager, understanding how to access this funding could unlock significant benefits for your tenants and your business.

Government 52

Government Applications Applicants Landlord 52

Buildium

APRIL 23, 2025

As a residential property manager, one of your most important responsibilities is selecting tenants who will pay rent on time and care for your property. It helps reduce risks, keeps you compliant with laws, and helps you find high-quality tenants who fit your properties.

Applications 130

Applications Applicants Property Management Property Manager 130

MRI Software

MARCH 1, 2025

Striking a balance between flexibility and stability helps landlords meet their financial goals while keeping operations manageable. Ease of management Choosing the right landlord lease agreement can simplify property management and reduce day-to-day hassles. A landlord’s guide appeared first on MRI Software.

Lease Agreement 52

Lease Agreement Lease Landlord Compliance 52

MRI Software

MARCH 24, 2025

Multifamily real estate syndication is one of the most effective ways to grow your wealth in real estate, offering access to larger properties and steady income streams. This investment strategy allows you to team up with other investors, making it easier to manage costs and maximize returns.

Real Estate 52

Real Estate IT Rental Income Apartment 52

Buildium

APRIL 23, 2025

Leasing is at the heart of a thriving residential property management business. Let’s walk through the challenges property managers face and the best ways to tackle them head-on. Drafting Lease Agreements That Make Property Management Leasing Easy A solid lease agreement protects both you and your tenants.

Lease 130

Lease Property Management Property Manager Lease Agreement 130

MRI Software

MARCH 22, 2025

Keeping your multifamily property fully occupied requires more than just a great location, it takes strategic marketing and consistent engagement. For property managers and landlords, maintaining high occupancy ensures steady income, reduces turnover costs, and strengthens long-term profitability.

Media 52

Media Property Management Software Tenant Lease 52

Buildium

APRIL 23, 2025

Disclaimer: This post is intended to inform property managers on how to write a lease agreement for an apartment and does not constitute legal advice. As a property manager, one of your most important responsibilities is creating a lease agreement that both protects the property owners interests and sets clear expectations for tenants.

Lease Agreement 130

Lease Agreement Lease Apartment Property Management 130

Buildium

APRIL 7, 2025

Wildfire Preparation for Residential Properties If your renters need to leave, make sure that they know to close all windows and doors to reduce drafts in the building and remove radiant heat. Property management software such as Buildium can help you prep your properties for wildfire season.

Property Management 246

Property Management Property Manager Management Property 246