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Increasing multifamily occupancy rates: Effective ways to boost tenant numbers in apartments

MRI Software

High occupancy rates are essential for steady rental income and increasing your property values. Multifamily occupancy rates refer to the percentage of rented units in an apartment complex, compared to the total available units. This steady income helps you manage maintenance, utilities, and staff salaries effectively.

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Multifamily property management fees: What to expect and how to budget

MRI Software

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.