MRI Software

AUGUST 5, 2024

Tenants today are looking for more than just a place to live. As a landlord or property manager, it’s essential that you meet these multifamily housing trends to attract and retain tenants. The rise of multifamily technology Multifamily technology is changing how properties are managed and how tenants interact with their homes.

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Tenant Property Management Software Residential Property Property Management 64

MRI Software

DECEMBER 2, 2024

Understanding these elements will help protect your investment and create a strong working relationship with your property manager. What is a residential property management agreement? A residential property management agreement is a formal contract that outlines the services a property manager will provide to the owner.

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property Management 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

NOVEMBER 26, 2024

Corporate leases are becoming an increasingly popular option for landlords seeking stable and reliable tenants. For landlords and property managers, understanding corporate leases can help optimize rental strategies and reduce vacancy rates. Corporate leases can also provide landlords with a more predictable tenant base.

Residential Property 52

Residential Property Lease Property Management Property Manager 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. After all, your rental property isnt just a buildingits a business.

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Residential Property Insurance Property Landlord 52

Fourandhalf

AUGUST 22, 2024

Specific Needs for Single-Family Property Management Single-family property management often comes with unique requirements compared to multi-family or commercial properties. These might include individual lease agreements, tailored maintenance schedules, and personalized tenant communication.

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MRI Software

DECEMBER 12, 2024

This guide will walk you through everything you need to know about tenant default insurance. From how it works and why its crucial, to tips on choosing the best policy, youll gain the insights needed to protect your rental income and stay ahead of unexpected tenant defaults. What is tenant default insurance?

Rental Income 52

Rental Income Insurance Landlord Tenant 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. It’s about securing reliable tenants, providing consistent value, and fostering an environment where tenants want to stay long-term. What is a rental occupancy rate?

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. What is physical occupancy? What is a typical physical occupancy rate? A rate close to 93.8%

Residential Property Management 52

Residential Property Management Residential Property Management Rental Income Residential Property 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. Equally important are habitability standards.

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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

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 52

Lease Agreement Lease Real Estate Landlord 52

MRI Software

DECEMBER 11, 2023

Here we explore the factors that influence how to classify a multifamily property and the implications of the classification: Residential property classification Before categorizing a multifamily property, it is important to understand the difference between residential and commercial property.

Commercial Property 52

Commercial Property Residential Property Finance Retail 52

MRI Software

DECEMBER 13, 2023

This software also often includes features for online rent payments and communication channels between property managers and tenants. There are numerous benefits of multifamily property management software, leading to its increasing adoption by property managers.

Property Management Software 52

Property Management Software Property Management Property Manager Apartment 52

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 52

Property Management Property Manager Real Estate Management 52

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 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. 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?

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Landlord Management Property Management Software Property Manager 52

MRI Software

SEPTEMBER 8, 2024

An overview of multifamily housing in detail Multifamily housing encompasses various residential properties designed to accommodate multiple families or individuals. These properties include apartment complexes, duplexes, and townhomes, each catering to different demographics.

Property Management 52

Property Management Property Manager Real Estate Landlord 52

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 52

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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. Tenant satisfaction: High economic occupancy typically correlates with satisfied tenants.

Real Estate 52

Real Estate Property Management Software Rent Tenant 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. What is the future of multifamily properties?

Single-Family Home 52

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MRI Software

DECEMBER 5, 2024

For instance, imagine your property is damaged in a fire, and your tenants are forced to move outthis insurance steps in to ensure you still get paid during the downtime. Some policies will pay for lost rent even if the property was vacant at the time of damage, making it useful for landlords between tenants too.

Rental Income 52

Rental Income Insurance Landlord Rent 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. These advantages help reduce financial risks and maintain steady revenue for property owners.

Apartment 52

Apartment Single-Family Home Finance Landlord 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.

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Apartment Media Residential Property Management Residential Property Management 52

MRI Software

MARCH 23, 2025

Your timeline and risk tolerance will help you refine these goals and determine the type of properties that best suit your needs. For instance, if cash flow is your focus, targeting properties with strong rental demand and reliable tenants should be a priority.

Property Management 52

Property Management Property Manager Tenant Transportation 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.

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Government Applicants Applications Landlord 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 Manager Property Management Tenant 52

MRI Software

MARCH 22, 2025

For property managers and landlords, maintaining high occupancy ensures steady income, reduces turnover costs, and strengthens long-term profitability. In this guide, well explore proven marketing strategies for multifamily properties to help you attract tenants, boost occupancy, and maximize the success of your multifamily properties.

Media 52

Media Property Management Software Tenant Lease 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.

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Applications Applicants Property Management Property Manager 130

MRI Software

MARCH 24, 2025

Managing the property After acquiring the property, the sponsor or a professional property management company oversees daily operations. This includes tasks like tenant leasing, maintenance, and addressing tenant concerns to ensure smooth functioning. Learn more Want to learn more about the latest from MRI?

Real Estate 52

Real Estate IT Rental Income Apartment 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

Buildium

APRIL 23, 2025

Leasing is at the heart of a thriving residential property management business. Whether you’re handling a cozy multi-family building or a sprawling apartment complex, getting your leasing process down to a science can result in high occupancy, more consistent revenue, and better long-term relationships with tenants.

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Lease Property Management Property Manager Lease Agreement 130

Buildium

APRIL 23, 2025

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. The tenant agrees to rent the property for the entire term, offering stability for both the landlord and tenant.

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

MRI Software

APRIL 1, 2025

Instead of overseeing day-to-day repairs or tenant complaints, you can focus on higher-value opportunities. For landlords, this arrangement offers a more efficient and hands-off approach to property management. With our solutions, you can confidently tackle your condo conversion project and unlock your propertys full potential.

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