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. A rate close to 93.8%

Residential Property Management 52

Residential Property Management Residential Property Management Rental Income Residential Property 52

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

FEBRUARY 9, 2025

Each of these approaches has pros and cons based on your property’s specific needs, especially when calculating typical residential property management fees. Percentage-based vs. flat fees Percentage-based fees are calculated as a percentage of your monthly rental income, typically ranging from 5% to 10%.

Rental Management 52

Rental Management Management Property Management Property Manager 52

MRI Software

DECEMBER 10, 2024

Benefits of renting commercial property as residential One of the biggest benefits of renting commercial property for residential use is the potential for higher rental income. Properties in urban centers or near transit hubs can attract tenants willing to pay premium rates.

Commercial Property 52

Commercial Property Landlord Rent Residential Property Management 52

MRI Software

MARCH 26, 2025

These investments let you benefit from rental income and property appreciation without the headaches of active property management. How multifamily syndication returns generate passive income Passive investors in syndications earn returns in two primary ways: rental income and property appreciation.

Rental Income 52

Rental Income Property Management Property Manager Real Estate 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. In this guide, we look at what AI multifamily is, its functions, and how it is benefitting residential property managers by reducing risk and saving time.

Property 52

Property Insurance Property Management Property Manager 52

MRI Software

MARCH 20, 2025

Multifamily apartment investing involves owning residential properties designed to house multiple tenants within a single building or complex. These properties include duplexes, triplexes, townhomes, and apartment complexes. Even if one unit is vacant, income from other tenants helps cover operating costs and ensures stability.

Apartment 52

Apartment Single-Family Home Finance Landlord 52

MRI Software

MARCH 25, 2024

For example, in a rental property with 10 units renting at $700 each per month: Gross potential rent (GPR) = 10 units x $700/month = $7,000 per month Calculate actual rent collected: Next, tally up the actual rental income collected for the given period. 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 1, 2025

Selecting the right lease type helps landlords maintain steady rental income and comply with local legal requirements. Why the right lease agreement matters for landlords Selecting the right landlord lease agreement is crucial for ensuring financial stability and smooth property operations.

Lease Agreement 52

Lease Agreement Lease Landlord Compliance 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. Multifamily asset management is the process of overseeing residential properties with multiple units to enhance their financial and operational performance. What is multifamily asset management?

Landlord 52

Landlord Management Property Management Software Property Management 52

MRI Software

SEPTEMBER 2, 2024

In today’s competitive property market, standing out is more crucial than ever. Properties with strong brand identities can see up to 23% higher rental income and 20% faster lease-up rates. This means that multifamily branding not only attracts potential residents but also significantly enhances property value.

Apartment 52

Apartment Media Residential Property Management Residential Property Management 52

MRI Software

DECEMBER 12, 2023

Semi-detached homes also tend to be more affordable than completely detached homes, making them a great way to invest in multifamily properties. Townhouse A townhouse, also called a townhome, is a residential property that is connected side-by-side to other townhouses in a long row. Who are multifamily homes best for?

Single-Family Home 52

Single-Family Home Property Property Management Software Property Management 52

MRI Software

MARCH 24, 2025

Proper management increases rental income and preserves the propertys value, benefiting all investors involved. Generating returns for investors Investors receive returns through two primary channels: rental income and property appreciation. Learn more Want to learn more about the latest from MRI?

Real Estate 52

Real Estate IT Rental Income Apartment 52

MRI Software

MARCH 22, 2025

Maintaining strong multifamily occupancy rates is key to long-term financial stability, and strategic marketing efforts help minimize vacancies while ensuring steady rental income. Property valuation Higher occupancy rates enhance your propertys market value by demonstrating consistent demand and financial performance.

Media 52

Media Property Management Software Tenant Lease 52

MRI Software

APRIL 1, 2025

You can sell a portion of the units to generate immediate profits while keeping others for long-term rental income. This approach allows you to maximize your propertys potential while adapting to changing market conditions. Get a demo The post Multifamily condo conversion: Is it the right move for your property?

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IT Property Single-Family Home Condominium 52