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

MRI Software

Effective strategies can help you attract and retain tenants, ensuring your properties stay profitable and appealing to investors. Achieving high occupancy rates is about more than just filling vacancies; it’s about creating a desirable living environment for modern tenants. What are multifamily occupancy rates?

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Property Management Profitability: FAQs on Profit Margin

Second Nature

Management companies will typically charge a fee for advertising a unit, collecting applications, screening tenants, and signing leases. Also known as tenant placement services, this is the process of filling a unit so that you can get back to collecting rent, and its typically charged as a percentage of rent.

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

MRI Software

Flat-rate management fees Some property management companies use a flat-fee pricing model instead of charging a percentage of rent. This approach is common for large multifamily properties where a percentage-based fee would result in significantly higher costs.