MRI Software

DECEMBER 16, 2024

If youre renting out a residential property, protecting your investment isnt just smartits essential. Landlord residential insurance is your first line of defense against risks like tenant damage, property loss, and legal liabilities. What is landlord residential insurance?

Residential Property 52

Residential Property Insurance Property Landlord 52

MRI Software

AUGUST 5, 2024

In this guide, we highlight the multifamily technology trends that are here to stay and why they are essential for modern residential properties. The rise of multifamily technology Multifamily technology is changing how properties are managed and how tenants interact with their homes.

Tenant 64

Tenant Property Management Software Residential Property Property Management 64

BetterWho

NOVEMBER 20, 2024

Growing a property management company is a rewarding yet complex journey. It requires balancing tenant relations, property maintenance, client satisfaction, and team management. Embrace Technology to Drive Growth Technology is a powerful tool for any property management company aiming to scale.

Property Management 130

Property Management Property Manager Management Consulting 130

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

DECEMBER 13, 2023

Here are the trends you can expect to see in 2024 for multifamily housing: 1) Increasing use of PropTech One of the most significant trends in multifamily housing is the increasing adoption of Property Technology (PropTech), specifically multifamily property management software.

Property Management Software 52

Property Management Software Property Management Property Manager Apartment 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? How to calculate physical occupancy? A rate close to 93.8%

Residential Property Management 52

Residential Property Management Residential Property Management Rental Income Residential Property 52

SparkRental

NOVEMBER 14, 2024

Who says you need a separate loan for every single property? As you scale your real estate portfolio, it can get tricky to borrow and manage individual loans for every residential property. It also limits your financing options and your ability to pull equity out of existing properties. Enter: blanket mortgages.

IT 52

IT Real Estate Finance Applications 52

Tokeet

AUGUST 12, 2024

Recommended Degrees Business Administration : Focuses on essential business skills, including management, marketing, and finance, which are crucial for property managers. Provides a broad understanding of business operations, making it easier to handle the diverse tasks involved in property management.

Property Management 52

Property Management Property Manager Management License 52

MRI Software

FEBRUARY 25, 2025

Multifamily properties account for over 40% of rental units in the United States, making them a significant part of the real estate market. Managing these properties effectively requires more than just collecting rent; it involves strategic planning, financial oversight, and operational efficiency.

Landlord 52

Landlord Management Property Management Software Property Management 52

MRI Software

DECEMBER 12, 2023

In this guide, we explain what is multifamily property, the different types, and the future of multifamily housing with multifamily property management software. What is a multifamily property? A multifamily property is a single building or a complex of buildings that contain multiple housing units.

Single-Family Home 52

Single-Family Home Property Property Management Software Property Management 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? Prime locations: Downtown properties, once used as offices, can attract renters with their proximity to amenities. Add showers or bathtubs to existing restrooms.

Commercial Property 52

Commercial Property Landlord Rent Residential Property Management 52

MRI Software

OCTOBER 23, 2023

Get a software demo Multifamily software used by the top ten NMHC managers Take full control of the lead-to-lease process Get a demo Utilizing multifamily property management software with multifamily AI can significantly enhance the safety and security of your properties. What is Multifamily AI?

Property 52

Property Insurance Property Management Property Manager 52

MRI Software

APRIL 3, 2025

Understanding the different lease types ensures you maximize profitability while maintaining control over your property. Knowing which lease best fits your property and business goals helps you reduce vacancies, manage tenants effectively, and increase overall rental success.

Lease Agreement 52

Lease Agreement Lease Rental Income Landlord 52

MRI Software

MARCH 25, 2024

At its core, economic occupancy serves as a measure for the financial performance of rental properties. It measures the ratio of actual income generated by a property compared to its potential income if all units were leased at market rates. What is economic occupancy? What if my economic occupancy is over 90%?

Real Estate 52

Real Estate Property Management Software Rent Tenant 52

MRI Software

NOVEMBER 4, 2024

Property taxes: These vary based on location but are a significant portion of your overall expenses and should be factored into long-term budgeting. Property management software can be an excellent tool for automating this process and providing detailed reports that help you make informed decisions.

Utilities 52

Utilities Insurance Property Management Software Property Management 52

MRI Software

JUNE 25, 2024

From predictive analytics to personalized campaigns, AI integrates easily with real estate software to enhance efficiency and effectiveness. Whether you’re using residential property management software or other real estate software solutions , AI-driven tools can provide a competitive edge.

Real Estate 52

Real Estate Residential Property Management Residential Property Management Property Management Software 52

MRI Software

SEPTEMBER 8, 2024

Understanding the distinctions and overlaps between student housing and multifamily properties is crucial for landlords and property managers. An overview of multifamily housing in detail Multifamily housing encompasses various residential properties designed to accommodate multiple families or individuals.

Property Management 52

Property Management Property Manager Real Estate Landlord 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. For instance, if your multifamily property generates $15,000 in monthly rent, a 7% fee would cost you $1,050.

Rental Management 52

Rental Management Management Property Management Property Manager 52

MRI Software

MARCH 22, 2025

Keeping your multifamily property fully occupied requires more than just a great location, it takes strategic marketing and consistent engagement. For property managers and landlords, maintaining high occupancy ensures steady income, reduces turnover costs, and strengthens long-term profitability.

Media 52

Media Property Management Software Tenant Lease 52

McKee Properties

FEBRUARY 10, 2025

With its thriving economy, vibrant urban life, and steady demand for rentals, the area offers numerous opportunities for property owners, whether they’re focused on Downtown San Diego home rentals, apartment rentals, or growing their real estate portfolios. Compare costs but also consider the value added by quality service.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

DECEMBER 5, 2024

Loss of rental income insurance is a type of coverage that helps landlords recover lost rent if their property becomes uninhabitable due to an insured event, like fire or water damage. Loss of rental income insurance kicks in when your property suffers damage from an insured peril, such as a fire or a severe storm, and becomes uninhabitable.

Rental Income 52

Rental Income Insurance Landlord Rent 52

MRI Software

SEPTEMBER 2, 2024

When it comes to branding multifamily properties, consider the following: Logo and visual elements Logo and visual elements are crucial as they create the first impression. Strategies and techniques for building a brand identity for multifamily properties Branding is essential for multifamily residential property management.

Apartment 52

Apartment Media Residential Property Management Residential Property Management 52

Second Nature

JANUARY 29, 2025

You may be new to the property management industry, have been managing properties for years and are ready to start your own business, or own a property management company but are looking for greater investment. It provides details on your property management company and how you intend to operate it.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

FEBRUARY 8, 2025

These agreements are gaining popularity as an effective strategy for streamlining property operations and maximizing returns. Below we will explain what a master lease agreement is, its key components, and how to get a master lease agreement for multifamily properties.

Lease Agreement 52

Lease Agreement Lease Real Estate Landlord 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. Algorithmic biases can influence property valuations and recommendations, potentially disadvantaging certain groups.

Real Estate 52

Real Estate Government Residential Property Management Residential Property Management 52

MRI Software

AUGUST 29, 2024

The recent COVID-19 pandemic has also placed pressure on office property investments. There are different diversification strategies you can consider, such as: Residential and commercial mix: Investing in both residential and commercial properties can balance your portfolio.

Real Estate 52

Real Estate Commercial Property Finance Rental Income 52

Esquire Property Management Group

OCTOBER 12, 2024

This exclusion does not apply to vacation or investment properties, making it crucial to understand its implications for your primary residence. While this provision doesn’t apply to primary residences directly, it can be leveraged if a primary residence is converted to a rental property.

Rental Property 52

Rental Property Rental Income Commercial Property Professional Property Management 52

Second Nature

OCTOBER 18, 2024

with rental properties frequently leaving the portfolio) suggests difficulty retaining clients. Debt-to-income ratio Debt-to-income ratio (DTI) is a key metric of a property management company's value. A higher DTI, on the other hand, raises concerns about a company's ability to manage its debt burden. High churn (i.e.,

Property Management 52

Property Management Property Manager Management Property 52

Buildium

APRIL 23, 2025

Leasing is at the heart of a thriving residential property management business. Let’s walk through the challenges property managers face and the best ways to tackle them head-on. Keep in mind, though, that each property and situation is unique.

Lease 130

Lease Property Management Property Manager Lease Agreement 130

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.

Applicants 130

Applicants Applications Property Management Property Manager 130

Buildium

APRIL 7, 2025

Plot out which tasks will be managed by each person, such as determining who will alert residents, or who will prepare the property to minimize damage. If your multifamily properties include a fence attached to a building, consider replacing it with non-combustible fencing options. Check the air quality on websites like AirNow.

Property Manager 246

Property Manager Property Management Management Property 246

Second Nature

DECEMBER 16, 2024

Were sharing some of Daniels insights on property management profits and experiences weve gathered over years of working with property management companies across the country. In the most basic terms, property management companies make money through real estate investors paying for the services they offer.

Property Management 52

Property Management Property Manager Management Property 52