Buildium

MARCH 19, 2025

Tracking payments, handling lease agreements, responding to tenant inquiries, and staying on top of maintenance requests often leads to a never-ending cycle. This guide explores how rental leasing software helps landlords make every leasing tasks more efficient and enhance tenant experiences.

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Lease Landlord Lease Agreement Tenant 130

Buildium

APRIL 16, 2025

Its no secret that rental maintenance requires careful coordination with tenants, vendors, and owners. How do you take a tenants ticket from submission to resolutionwithout letting anything fall through the cracks? Turnovers: The step-by-step process for getting a unit rent-ready after a move-out or when onboarding a new property.

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Buildium

APRIL 23, 2025

For example, property managers can now use natural-language processing chatbots to resolve common tenant issues, machine learning algorithms to predict maintenance issues, and computer vision to offer virtual tours to rental applicants. Enhanced Tenant Experience: Unlike human customer support agents, AI chatbots never get tired.

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Buildium

MARCH 19, 2025

Rental income includes all the payments you receive from tenants. This isn’t just limited to the monthly rent; it also encompasses other payments such as advance rent, security deposits, and lease cancellation fees. Heres a quick breakdown of those definitions. What Counts as Rental Income?

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Rental Property Management Rental Property Property Management Property Manager 130

Bay Property Management Group

NOVEMBER 19, 2024

There is a big demographic that many people come across when renting housing: college students. In some areas, that demo can be quite large. As a landlord or owner, what are the considerations when renting to college students, lease agreement addendums and terms to consider, and general ramifications of renting to this group?

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Lease Agreement Lease Rent Property Management 147

Buildium

MARCH 19, 2025

As a landlord, attracting reliable tenants is one of the most important aspects of managing your rental property. The rental market is competitive, and filling vacancies quickly while attracting high-quality tenants can be a challenge. Income level: Is your property suitable for middle-income earners or higher-end tenants?

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Buildium

MARCH 19, 2025

Managing rental properties involves more than just collecting rent and maintaining the property. These tools simplify everything from tracking rent payments to generating tax reports, which ultimately saves time and reduces errors. These features help you never miss a payment and that tenants are always aware of what they owe.

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Buildium

MARCH 19, 2025

If youre renting out your property, its only a matter of time before youll need to make an emergency repair, conduct a routine inspection, or invest in preventative maintenance. Tenants can report issues directly through the software, and landlords can provide updates on the status of repairs.

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Property Maintenance Maintenance Landlord Rental Property 130

American Apartment Owners Association

NOVEMBER 11, 2024

Make Rent Collection a Breeze With our AI-powered approach, we have taken the stress out of delinquency management. We were able to help one of our operators avoid hiring two accounts receivables clerks, saving about $140,000 annually, as well as boost their rent collection rate from 80% to 96.5%. Schedule your demo now to get started.

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Landlord Property Management Property Manager Maintenance 234

Buildium

OCTOBER 28, 2024

TAKE THE QUIZ Next Schedule a Demo Fact #2: Virtual Assistants and Remote Workers on the Rise As labor costs continue to rise, many property managers are turning to overseas virtual assistants and remote workers to expand their business. In 2024, tenant quality emerged as the #1 concern for property management companies. Did you know?

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Property Management Property Manager Management Property 246

MRI Software

FEBRUARY 11, 2025

Lease audits provide a clear understanding of tenant agreements and ensure compliance with legal and property guidelines. They allow landlords to identify discrepancies in rent payments, lease terms, or operational policies that could lead to financial risks. Regular audits ensure your property runs smoothly and remains profitable.

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Lease Landlord Lease Agreement Property 52

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. This guide explores how partnering with residential management services can save time, improve tenant satisfaction, and help you get the most out of your rental property investments.

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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. Maintenance requests can be easily tracked and managed.

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Property Management Software Property Management Property Manager Management 174

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. If you rent equipment or vehicles, the rent you pay is fully deductible. If you rent equipment or vehicles, the rent you pay is fully deductible. Mistake #5: Waiting to File 1099s We get it.

Property Management 245

Property Management Property Manager Management Property 245

American Apartment Owners Association

OCTOBER 10, 2024

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.

Landlord 130

Landlord Insurance Real Estate Management Real Estate Management 130

American Apartment Owners Association

OCTOBER 10, 2024

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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Landlord Insurance Real Estate Management Real Estate Management 130

MRI Software

JULY 26, 2024

Many real estate tenants unknowingly overpay on their leases, a costly oversight that can erode business profitability. As a tenant, understanding these potential pitfalls is crucial to safeguarding your financial health. Here are 6 common ways commercial tenants end up overpaying on their leases: 1.

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Lease Tenant Lease Agreement Landlord 52

MRI Software

FEBRUARY 12, 2025

By understanding which safety meeting topics for multifamily housing help to engage and inform tenants, you can run these meetings easier and create a safer and more welcoming environment. Showing tenants how to use fire extinguishers or participate in evacuation drills makes the information memorable.

Property Management 52

Property Management Property Manager Management Property 52

American Apartment Owners Association

NOVEMBER 11, 2024

Make Rent Collection a Breeze With our AI-powered approach, we have taken the stress out of delinquency management. We were able to help one of our operators avoid hiring two accounts receivables clerks, saving about $140,000 annually, as well as boost their rent collection rate from 80% to 96.5%. Schedule your demo now to get started.

Landlord 130

Landlord Property Management Property Manager Maintenance 130

MRI Software

FEBRUARY 5, 2025

Each unit typically has its own kitchen, bathroom, and entrance, ensuring privacy and independence for its tenants. Multifamily properties come in various shapes and sizes, offering options for different types of landlords and tenants. A multifamily property is any residential building designed to house more than one household.

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Property Finance Rental Income Single-Family Home 52

MRI Software

DECEMBER 12, 2024

were behind on their rent payments in 2021? A missed rent payment can create a domino effect of financial challenges. This guide will walk you through everything you need to know about tenant default insurance. What is tenant default insurance? Imagine owning multiple properties and suddenly losing a tenant in one.

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Rental Income Insurance Landlord Tenant 52

MRI Software

MARCH 5, 2025

Renting out property can be a great way to generate income, but it also comes with potential financial risks. Landlords may face various liability risks, from tenant injuries to property damage claims. If you rent out a property that you dont live in, most mortgage lenders will require you to have this insurance.

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Insurance Landlord Rental Property Tenant 52

MRI Software

FEBRUARY 4, 2025

Attracting quality tenants is one of the most important tasks for any property manager. This guide will provide practical multifamily leasing tips on effective strategies, leveraging technology, and creating a welcoming tenant experience. This approach ensures you attract tenants who fit well with your property and community.

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Lease Tenant Property Management Software Property Management 52

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?

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MRI Software

OCTOBER 17, 2023

Despite rent being a substantial monthly expense, it historically didn’t contribute to a renter’s credit score. Since around 2014, the scenario shifted when credit bureaus started including verified rent payment data in credit reports, known as rent reporting.

Property Management 52

Property Management Property Manager Rent Management 52

MRI Software

OCTOBER 18, 2023

With this age group, paying bills online has become the norm, and their rent is no exception. For property managers hoping to collect more digital rent payments rather than paper checks, the first step is to encourage resident adoption. Why is online rent payment important? Why is online rent payment important?

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Rent Property Management Property Manager Tenant 52

MRI Software

DECEMBER 3, 2024

Property management is one of the most important factors that tenants consider when it comes to property satisfaction. As a multifamily property landlord or property manager, tenant satisfaction isn’t just a goal—it’s critical to keeping vacancy rates low and maintaining steady income.

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property Management 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.

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Lease Tenant Lease Agreement Broker 52

MRI Software

OCTOBER 17, 2023

Tenant screening is a universal practice for landlords and property managers looking to find the best tenants for their affordable housing communities. Good tenant screening helps accurately assess which applicants will pay their rent on time and take good care of the units.

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Property Management Property Manager Tenant Landlord 52

MRI Software

AUGUST 3, 2024

Every landlord and property manager strives for high renewal rates, but tenant non-renewals are an inevitable part of the business. This makes it crucial to understand how to prepare before renewal dates, approach renewal conversations effectively, and handle tenant refusals. This gives tenants sufficient time to make their decision.

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Lease Tenant Landlord Rent 52

MRI Software

DECEMBER 10, 2024

This is making many commercial landlords wonder, can you rent out commercial property as residential to address the housing crisis or boost property income? While the answer is often yes, it requires navigating zoning laws, habitability standards, and tenant expectations. Did you know that the U.S. million homes?

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Commercial Property Landlord Rent Residential Property Management 52

MRI Software

FEBRUARY 24, 2024

A tenant benefit package is a curated collection of services and amenities designed to enhance the living experience of renters. This package goes above the necessities of a rental property by offering additional perks that can impact tenant satisfaction and loyalty. The expectations of tenants are also evolving.

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Tenant Property Management Software Insurance Maintenance 52

MRI Software

DECEMBER 5, 2023

High tenant turnover rates come with a host of challenges for property managers. Acquiring new tenants can be disruptive and costly, often involving strategic marketing, lead nurturing, tenant screening, and unit viewings or preparation. This makes tenant retention a top priority for multifamily property managers.

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Tenant Lease Maintenance Property Management Software 52

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.

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Lease Landlord Lease Agreement Tenant 52

MRI Software

OCTOBER 17, 2023

In the competitive commercial real estate market, commercial tenant retention is more critical than ever. Retaining your commercial tenants means having a consistent and predictable income stream, as well as avoiding the costs of tenant turnover.

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Commercial Property Tenant Property Lease 52

MRI Software

FEBRUARY 16, 2024

Securing great tenants is key to the success of any multifamily property. These are the tenants who pay their rent on time, respect property rules, get along with their neighbors, and maintain their units. Finding these dream tenants can be a real challenge for property managers and landlords.

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Tenant Property Management Software Lease Property Management 52

MRI Software

SEPTEMBER 5, 2024

Effective strategies can help you attract and retain tenants, ensuring your properties stay profitable and appealing to investors. Achieving high occupancy rates is about more than just filling vacancies; it’s about creating a desirable living environment for modern tenants. What are multifamily occupancy rates?

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