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. Why is it important to have landlord insurance?

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Residential Property Insurance Property Landlord 52

MRI Software

APRIL 3, 2025

Choosing the right residential lease agreement is one of the most important decisions a landlord can make. The lease structure affects rental income stability, tenant turnover, and overall property management efficiency. What is the most common type of residential lease?

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Lease Agreement Lease Rental Income Landlord 52

MRI Software

FEBRUARY 8, 2025

Master leases are transforming the way multifamily properties are managed, offering landlords reliable income and opportunities for profit. These agreements are gaining popularity as an effective strategy for streamlining property operations and maximizing returns. What is a master lease agreement?

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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

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

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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.

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Tokeet

AUGUST 12, 2024

Courses typically cover real estate principles, property laws, and ethics. National Apartment Leasing Professional (NALP) : Provided by the National Apartment Association (NAA). Focuses on leasing practices, marketing, and customer service. Focuses on residential property management practices.

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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. How to calculate physical occupancy?

Residential Property Management 52

Residential Property Management Residential Property Management Rental Income Residential Property 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. What is multifamily asset management? Multifamily asset management is the process of overseeing residential properties with multiple units to enhance their financial and operational performance.

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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

NOVEMBER 4, 2024

Let’s take a look at these components in detail: Rent payments: This is the primary cost you’ll face, though it can also include extra fees, such as common area maintenance (CAM), depending on the lease agreement. By using data to highlight areas where you’re paying more than necessary, you can negotiate more favorable lease conditions.

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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

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MRI Software

DECEMBER 10, 2024

Answering these questions helps ensure the property resonates with your target market. Safety considerations Safety compliance is a non-negotiable part of residential property management. You should also assess the propertys structural integrity, ensuring it can safely accommodate its new use.

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MRI Software

DECEMBER 12, 2023

Property managers with these properties in their portfolios will need to know how to navigate the unique challenges and rewards that come with managing homes for multiple families. What is a multifamily property? These units are designed for residential use, with each functioning as a separate home.

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MRI Software

MARCH 22, 2025

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. Whether youre leasing up a new development or working to retain long-term residents, marketing plays a crucial role in keeping your units filled.

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Media Property Management Software Tenant Lease 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. Multiply the number of units by the market rent for each unit.

Real Estate 52

Real Estate Property Management Software Rent Tenant 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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McKee Properties

FEBRUARY 10, 2025

By answering these questions, youll clarify whether you need a full-service company or one focused on limited tasks like tenant placement or lease agreements. Step 2: Search for Property Management Companies with Local Expertise When it comes to Downtown San Diego home rentals property management, local knowledge is indispensable.

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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 example, if your property generates $20,000 monthly in rent and the company charges 6%, your base fee will be $1,200.

Rental Management 52

Rental Management Management Property Management Property Manager 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.

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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.

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Property Management Property Manager Management Property 52

MRI Software

DECEMBER 5, 2024

Manage your rental income with MRI Software’s powerful property management tools MRI Software offers a suite of multifamily property management solutions designed to make your life as a landlord easier.

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Rental Income Insurance Landlord Rent 52

MRI Software

AUGUST 29, 2024

The recent COVID-19 pandemic has also placed pressure on office property investments. The shift towards remote working has impacted the demand for office space and lease renewals. Investors who focused predominantly on office properties now face decreased occupancy and rental income challenges.

Real Estate 52

Real Estate Commercial Property Finance Rental Income 52

Esquire Property Management Group

OCTOBER 12, 2024

Convert Your Primary Residence into a Rental Property – Golden Strategy : By moving out of your primary residence and renting it for at least a year, you can later sell it as an investment property, potentially benefiting from both Section 121 and 1031. This approach allows you to defer taxes and retain equity.

Rental Property 52

Rental Property Rental Income Commercial Property Professional Property Management 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.

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IT Real Estate Finance Applications 52

Second Nature

OCTOBER 18, 2024

McNeill explains how they evaluate this at PURE: “We evaluate pro forma financial statements and arrive at a percent profitability based on adjustments we can make by removing ‘seller benefits’ such as vehicle leases, personal expenses, etc.” Property management is still largely driven by personal contacts and business relationships.

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Property Management Property Manager Management Property 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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Second Nature

DECEMBER 16, 2024

The more value a PMC can drive for its property investors and residents, the more revenue they generate. We've worked with hundreds of residential property management companies and seen a wide variety of profitability levels, Daniel says. Next, leasing fees are extremely common. of one months rent.

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