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Choosing an apartment management certification: Tips and comparisons

Buildium

Residential Management Professional (RMP) – Institute of Real Estate Management (IREM) Overview: RMP suits managers seeking broad real estate management knowledge beyond apartments. The platform also has tools to support your new skills in every other area of apartment management.

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Multifamily property lease audits: Best practices for landlords

MRI Software

They allow landlords to identify discrepancies in rent payments, lease terms, or operational policies that could lead to financial risks. Check for key details like rent amounts, lease durations, tenant names, and signatures to ensure they align with your rent roll. What is the purpose of lease audits?

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Why It’s Never Been Harder to Be a Landlord

American Apartment Owners Association

Meanwhile, inflation has made it harder for tenants to absorb rent increases, leaving landlords in a precarious position. In previous years, landlords could offset increased expenses by passing the costs on to tenants in the form of rent hikes. These older models rely heavily on rent as the primary source of income.

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Why It’s Never Been Harder to Be a Landlord

American Apartment Owners Association

Meanwhile, inflation has made it harder for tenants to absorb rent increases, leaving landlords in a precarious position. In previous years, landlords could offset increased expenses by passing the costs on to tenants in the form of rent hikes. These older models rely heavily on rent as the primary source of income.

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What is effective gross income: A landlord’s guide to boosting profitability in multifamily properties

MRI Software

Renovating units to modern standards can justify higher rents. Improving the property’s appeal through these upgrades can increase occupancy rates and justify higher rents. Offering short-term leases or furnished units can also boost rental income, as these options often command higher rents.

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Top 5 lease management software features

MRI Software

Quality Data Management One of the key features to look for in lease management software is robust data management capabilities. This includes lease terms, rent payments, lease commencement and expiration dates, and important clauses.

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What is common area maintenance (CAM) and why should you keep track of it?

MRI Software

But what is Common Area Maintenance, and how does it intersect with real estate expense recoveries ? CAM encompasses the tasks and costs associated with maintaining shared spaces within a commercial property, a fundamental component of real estate management. Is Common Area Maintenance considered as rent?