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. In this guide, we explain how to maximize residential property occupancy.

Rental Property

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

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. Pros: Ensures consistent rental income without frequent vacancies.

Lease Agreement

MRI Software

FEBRUARY 25, 2025

Whether you’re a new landlord or an experienced investor, these insights will help you maximize your property’s potential. What is multifamily asset management? Multifamily asset management is the process of overseeing residential properties with multiple units to enhance their financial and operational performance.

Landlord

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 12, 2023

Property managers with these properties in their portfolios will need to know how to navigate the unique challenges and rewards that come with managing homes for multiple families. What is a multifamily property? These units are designed for residential use, with each functioning as a separate home.

Single-Family Home

MRI Software

MARCH 25, 2024

For example, in a rental property with 10 units renting at $700 each per month: Gross potential rent (GPR) = 10 units x $700/month = $7,000 per month Calculate actual rent collected: Next, tally up the actual rental income collected for the given period. appeared first on MRI Software.

Real Estate

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

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

MRI Software

AUGUST 29, 2024

Investors who focused predominantly on office properties now face decreased occupancy and rental income challenges. There are different diversification strategies you can consider, such as: Residential and commercial mix: Investing in both residential and commercial properties can balance your portfolio.

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. This means that multifamily branding not only attracts potential residents but also significantly enhances property value.

Apartment

MRI Software

MARCH 22, 2025

Maintaining strong multifamily occupancy rates is key to long-term financial stability, and strategic marketing efforts help minimize vacancies while ensuring steady rental income. Property valuation Higher occupancy rates enhance your propertys market value by demonstrating consistent demand and financial performance.

Media

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. Convert your primary residence to a rental for at least a year.

Rental Income

SparkRental

NOVEMBER 14, 2024

Who says you need a separate loan for every single property? As you scale your real estate portfolio, it can get tricky to borrow and manage individual loans for every residential property. It also limits your financing options and your ability to pull equity out of existing properties. Enter: blanket mortgages.

IT

Second Nature

OCTOBER 18, 2024

Stability is attractive to investors, as it makes future income streams steadier and more predictable. Conversely, short-term contracts with frequent renegotiations introduce uncertainty about future rental income, potentially lowering valuation. Many buyers are thinking about company value related to size.

Property Manager

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 Manager

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