Tokeet

AUGUST 12, 2024

Provides advanced training in property management, including financial management, risk management, and resident retention. Residential Management Professional (RMP) : Offered by the National Association of Residential Property Managers (NARPM).

Property Manager

MRI Software

NOVEMBER 4, 2024

Occupancy costs, also known as occupancy expenses, typically account for 35% to 50% of operating expenses for multifamily properties. These costs include rent, utilities, maintenance, property taxes, and insurance, making them a significant portion of your overall operating costs.

Utilities

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

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

DECEMBER 10, 2024

Answering these questions helps ensure the property resonates with your target market. Safety considerations Safety compliance is a non-negotiable part of residential property management. You should also assess the propertys structural integrity, ensuring it can safely accommodate its new use.

Commercial Property

MRI Software

MARCH 22, 2025

Prioritizing strong marketing strategies for multifamily properties helps you maintain these benefits and avoid costly vacancies. Revenue stability A fully occupied property guarantees consistent cash flow, allowing you to cover expenses like maintenance, staffing, and utilities.

Media

MRI Software

APRIL 3, 2025

Ideal for landlords using multifamily property management software to streamline lease tracking. These types of leases residential is commonly found in student housing, co-living spaces, and multifamily homes. Each tenant is responsible for their own portion of rent and utilities, reducing financial risk for landlords.

Lease Agreement

MRI Software

AUGUST 29, 2024

Utilizing AI analysis, you can then quickly identify trends and patterns that can inform your investment decision. 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

DECEMBER 5, 2024

If your property is in a flood-prone area, you’ll want to invest in additional coverage. Loss of rental income insurance also doesn’t cover costs like your mortgage, property taxes, or ongoing utility bills, so youll still need to budget for those in case your property is out of commission.

Rental Income

Esquire Property Management Group

OCTOBER 12, 2024

Understanding and utilizing the tools available in the tax code can empower you to achieve your downsizing goals without incurring capital gains taxes. Plan for long-term asset retention within your family. If you have questions or need assistance navigating this process, feel free to reach out.

Rental Income