Property Management Inc.

JULY 14, 2025

To avoid legal headaches, consult state landlord-tenant laws, document unpaid rent diligently, and provide proper notices. Always document payment attempts for legal validity. Other Resources: Landlord's Guide to Eco-Friendly Property Upgrades Differences Between Commercial Property Management vs Residential Property Management

Rent

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

MRI Software

JUNE 18, 2025

Clients that use MRI PMX , our commercial and residential property management and accounting solution, can potentially cut down the month-end close time by 50%, while improving accuracy and reducing manual effort. This can include lease documents, contracts, finance and accounting data, and other confidential items.

Real Estate

Buildium

APRIL 23, 2025

Leasing is at the heart of a thriving residential property management business. Heres how to set the stage for a smooth move-in: Collect Necessary Documents: Make sure all documentssuch as proof of identity, proof of income, and rental historyare in order before the lease signing.

Lease

Buildium

APRIL 23, 2025

There are several other types of lease agreements, but these are the main varieties that residential property managers use and encounter on a regular basis. How to Write a Lease Agreement for an Apartment with Clarity and Precision While a lease agreement is a legal document, it should also be easy to read.

Lease Agreement

MRI Software

MAY 22, 2025

Whichever method is used to maintain the waiting list, the owner must establish a method of documenting the appropriate selection of applicant names from the list. The waiting list may be kept in either a hard copy or in a digital format.

Finance

MRI Software

DECEMBER 3, 2024

Managing these properties can be challenging, and thats where residential property management comes in. If you own a rental property or multifamily building, the day-to-day responsibilities of tenant management, property upkeep, and finances can quickly become overwhelming.

Residential Property Management

Real Property Management Choice

AUGUST 2, 2015

As a landlord, if you haven’t given much thought to the documents you keep—and those you discard—you risk being unable to defend your position in a dispute or pursue the tenant to collect damages in the event that becomes necessary. If you decide to keep these applications, Please be sure to store them securely. When did he or she pay?

Landlord

MRI Software

OCTOBER 23, 2023

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. When an AI-powered tool receives a document for the first time, it can label the data it’s been shown and then search for patterns in that data. What is Multifamily AI?

Property

MRI Software

MARCH 27, 2025

Make a checklist of important details like eligibility requirements, application deadlines, and required documentation. Prepare required documentation Most grant applications require detailed documentation to verify eligibility and demonstrate how the funding will be used.

Government

MRI Software

OCTOBER 12, 2023

Fraud prevention The shift towards digital solutions in property management has brought along its share of challenges, among which is the growing threat of fraudulent activities. PropTech has been one of the useful residential property tech trends for fraud prevention.

Residential Property

MRI Software

MAY 11, 2025

Instead of requiring tax returns or proof of personal income, lenders evaluate whether the rental income from the property is enough to cover loan payments. This makes DSCR loans ideal for real estate investors who may not have traditional income documentation but own profitable rental properties.

Real Estate

Real Property Management Choice

MARCH 28, 2024

Start by Establishing Qualifying Rental Criteria for Fair Housing Purposes Document and share your list of rental criteria with prospective applicants. What a tenant puts on the application needs to match what you can document in pay stubs, bank statements, or tax records. Here are some of the things we do to screen them.

Tenant

Second Nature

JANUARY 29, 2025

How to create a successful property management business plan Peter Lohmann , CEO of RL Property Management , lays out three critical steps for residential property managers looking to crystalize a successful business plan: Identify your ideal clients. Go out and find leads.

Property Management

Authority Property Management

FEBRUARY 10, 2019

Some of the most common and best-known organizations include the Institute of Real Estate Management, National Apartment Association, Community Associations Institute, and National Association of Residential Property Managers. When reviewing this document, make sure its terms match those discussed in the interview.

Property Management

Property Management Inc.

DECEMBER 12, 2024

Expertise You Can Trust PMI offers more than just residential property management services—it offers peace of mind. Their seasoned managers bring years of industry knowledge to guide decisions regarding financial management, vendor relations, and legal compliance.

Property Management

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. Tasks such as document processing, scheduling appointments, and managing communications are handled seamlessly by AI systems.

Real Estate

MRI Software

APRIL 1, 2025

Exclusive use spaces, such as patios or storage units, are for specific owners but still managed as part of the shared property. Proper planning and legal documentation are critical to making this transformation a success. Legal fees for drafting condo documents and establishing the HOA.

IT

MRI Software

MAY 31, 2025

Having clear documentation makes your case much stronger. This usually happens early in the process to confirm the propertys condition. Either way, its important to check your loan documents so you know whats expected. Yes, if you feel something in the inspection is inaccurate, you can challenge it.

Contractors