Remove Document Remove Single-Family Home Remove Tenant Management
article thumbnail

What’s the best property management maintenance app? 6 of the top options

Buildium

This makes it easier to plan quarterly HVAC checks, seasonal walkthroughs, or tenant move-in/move-out inspections. With digital records, you’ll always have documentation on hand if a dispute arises. Good maintenance apps let you generate reports on repair frequency, vendor performance, tenant response times, and overall costs.

article thumbnail

What is residential property management? Roles and responsibilities explained

MRI Software

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Understanding the difference between a condo and a multifamily residence

MRI Software

Condos are typically financed like single-family homes, with similar down payments and mortgage terms. However, lenders often require additional documentation about the buildings HOA, such as financial stability and insurance coverage, to ensure the property is a sound investment.

Finance 52
article thumbnail

Active vs. passive property management

MRI Software

Benefits of Active Property Management Engaging in active property management demands significant time and attention. Tailoring The Approach Based On Property Needs Every property is unique, requiring a management approach that suits its specific characteristics.

article thumbnail

How to create a property management business plan: Step-by-step guide and free template

Buildium

Keep in mind that a business plan is a living document. Why a Property Management Business Plan Is Important for Your Company Theres no denying that growing or starting a property management company is not an easy undertaking. Discuss how your team will manage these responsibilities alongside other, larger projects.