MRI Software

JULY 1, 2025

Loss of rental income When tenants are forced to leave due to unsafe conditions, rental income stops immediately. Extended vacancies not only impact cash flow but can also lower the property’s overall value. The faster a property is restored, the sooner rental income resumes and tenants can return.

Insurance

Esquire Property Management Group

FEBRUARY 2, 2025

The proactive marketing of properties and the negotiation of lease renewals are two things that can help reduce vacancy rates. There is a consistent stream of rental income that can be ensured by effective tenant management, which also helps to reduce the costs associated with turnover.

Property Management

Property Management Inc.

FEBRUARY 14, 2025

Why Partnering with PMI is a Game-Changer Why Property Owners Need Professional Residential Management Managing a rental property involves more than just collecting rent. From ensuring you follow lease agreements to handling unexpected maintenance requests , the tasks can quickly pile up.

Landlord

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

MRI Software

DECEMBER 12, 2024

From how it works and why its crucial, to tips on choosing the best policy, youll gain the insights needed to protect your rental income and stay ahead of unexpected tenant defaults. Without tenant rent default insurance, youd not only lose that income but also face additional costs to replace the tenant.

Rental Income

MRI Software

DECEMBER 5, 2024

For many landlords, rental income is more than just extra cashits essential for covering mortgage payments, property maintenance, and personal financial goals. So, what happens when an unexpected event, like a fire or storm, leaves your property temporarily uninhabitable and your rental income at risk?

Rental Income

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?

Lease Agreement

Buildium

MAY 15, 2025

As a residential property manager, you have a front-row seat to one of the best opportunities for building wealth: owning rental properties. Every day, you help property owners grow their assetsso why not start doing the same for yourself? Partnerships let you share costs (and rewards) with trusted partners.

Property Management

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. A rate close to 93.8%

Residential Property Management

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.

Rental Property

Real Property Management Choice

AUGUST 2, 2015

Be very careful on the tenant selection and agreed lease term. Because once we sign the lease, it is a binding agreement. Depending on the city and local regulation, it may not be that easy to get undesired tenants out of the property, once we put them in the property. Call 310) 984-9518.

Tenant

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. Percentage-based vs. flat fees Percentage-based fees are calculated as a percentage of your monthly rental income, typically ranging from 5% to 10%.

Rental Management

MRI Software

DECEMBER 10, 2024

Benefits of renting commercial property as residential One of the biggest benefits of renting commercial property for residential use is the potential for higher rental income. Properties in urban centers or near transit hubs can attract tenants willing to pay premium rates.

Commercial Property

MRI Software

MARCH 26, 2025

These investments let you benefit from rental income and property appreciation without the headaches of active property management. By pooling funds with other investors, you can access larger deals and focus on earning rather than managing. Learn more Want to learn more about the latest from MRI?

Rental Income

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

Real Property Management Choice

AUGUST 2, 2015

Although the documents can vary depending on the property type, jurisdiction and other circumstances, these 7 documents below is every landlord should have on file. LEASE AND ADDENDUMS The lease is obvious. We offer premium leasing services and monthly professional property management at unbeatable price and flexible terms.

Landlord

MRI Software

APRIL 2, 2025

Multifamily office management with MRI Software Managing real estate assets efficiently requires the right tools and technology to streamline daily operations. Learn more Want to learn more about the latest from MRI? Join us for MRI Innovation Days to see how MRI Software’s technology is changing the game!

Real Estate

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.

Apartment

Real Property Management Choice

MARCH 28, 2024

The right residents pay rent on time, take care of the rental property, follow the terms of the lease agreement, and communicate openly and transparently. How do you protect your property and your rental income by placing the best possible residents? Was any property damage left behind?

Tenant

Esquire Property Management Group

OCTOBER 12, 2024

Make sure to hire a professional property management service to help lease and maintain your property. The answer is simple: you can use the rental income from your former primary residence to rent a new home during the “curing” period. Step-by-Step Action Plan Assess your home equity.

Rental Income

MRI Software

MARCH 24, 2025

This includes tasks like tenant leasing, maintenance, and addressing tenant concerns to ensure smooth functioning. Proper management increases rental income and preserves the propertys value, benefiting all investors involved.

Real Estate

MRI Software

MARCH 20, 2025

Below, well explore the most compelling advantages of multifamily apartment investing that make it a top choice for property managers and investors alike. Consistent rental income Multifamily properties provide a steady stream of rental income by housing multiple tenants.

Apartment

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.

Media

Authority Property Management

MARCH 3, 2022

Most importantly, make sure they are a member of professional associations like the National Association of Residential Property Managers and check their rating with the Better Business Bureau. A Bulletproof Business Strusture Property owners value peace of mind, and they want to be sure their investment is safe.

Property Management

MRI Software

JUNE 3, 2025

Managing a multifamily property comes with several costs, and failing to budget for them can quickly eat into your profits. On average, property management fees range from 4% to 12% of the monthly rental income, with additional costs for leasing, maintenance, and technology.

Property Management

MRI Software

MAY 6, 2025

This blog will dive into why STRs are growing in popularity, the benefits and challenges they bring, and how to manage them effectively. Multifamily property owners are shifting toward STRs to maximize rental income and reduce vacancy rates.

Property

MRI Software

APRIL 1, 2025

You can sell a portion of the units to generate immediate profits while keeping others for long-term rental income. This approach allows you to maximize your propertys potential while adapting to changing market conditions. This strategy gives you the ability to adjust your plans depending on market trends.

IT

MRI Software

MAY 31, 2025

Lets say your construction timeline slips and you miss a key leasing season. That alone could reduce your rental income and put extra pressure on your budget. Staying on schedule, utilizing multifamily management software, and addressing concerns early helps prevent those setbacks.

Contractors