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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. Effective strategies can help you attract and retain tenants, ensuring your properties stay profitable and appealing to investors. 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

On average, property management fees range from 4% to 12% of the monthly rental income, with additional costs for leasing, maintenance, and technology. Breaking down multifamily property management costs Multifamily property management costs fall into three main categories: fixed fees, percentage-based fees, and variable costs.