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What is commercial property management and why is it important?

MRI Software

From office buildings and retail spaces to industrial complexes and leisure facilities, effective commercial property management is crucial for maximizing value, ensuring tenant satisfaction, and maintaining profitability. That’s why MRI Software develops smart solutions for the property sector.

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What is common area maintenance (CAM) and why should you keep track of it?

MRI Software

Understanding the common area maintenance definition is vital for anyone involved in commercial real estate, whether landlords, tenants, or property managers. Here at MRI Software, we specialize in innovative commercial property management software designed to simplify and optimize CAM and other complex real estate expenses.

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What is Industrial Property Management and Why is it Important?

MRI Software

Each property type has its own unique set of requirements and operational considerations. At its core, industrial property management involves day-to-day building administration, encompassing tasks like lease agreements, rent collection, and tenant communication. appeared first on MRI Software.

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Commercial real estate risk management: A strategic approach for investors

MRI Software

As an investor, you must carefully consider how inflation could influence the value and performance of your properties. For example, the retail sector may be more vulnerable to changes in consumer spending, while the office sector might face risks related to remote work trends. You should also use property management software.

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Building a robust commercial real estate investment strategy to maximize ROI

MRI Software

Investing in commercial properties such as offices, industrial spaces, retail centers, and multifamily rentals offers numerous opportunities. 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.

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Your path to a stress-free, successful year-end close in real estate and property management

MRI Software

Your teams need near real-time views into property management software data in your MRI Software system to enable faster financial and operational reporting. They need to be able to drill into journals, balances, sub-ledger accounting, and transactions to find and quickly fix reconciliation or data integrity issues.

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Employee Spotlight: Sean Donohue, Director of Operations of BMG Laurel

Bay Property Management Group

After working various positions in sales and retail during college, Sean began his career with BMG as a leasing agent six years ago. In the same vein, they wouldn’t want a property manager who can’t offer the complete property management package.