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 52

Utilities Property Management Software Insurance Property Manager 52

MRI Software

APRIL 4, 2025

By analyzing trends and adjusting strategies, property managers can improve their marketing efforts and drive consistent leasing success. Regularly reviewing performance data helps identify which campaigns are working and where improvements are needed in your residential property management.

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Lease 52

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 52

Property Manager Property Management Management License 52

MRI Software

MAY 28, 2025

Utilizing social media marketing to promote brand updates without heavy ad spending. Keeping marketing efforts strategic and targeted ensures long-term brand growth without inflating expenses, some cost-effective marketing tactics include: Leveraging SEO to attract organic traffic through branded content and local search optimization.

Property 52

Property Media Lease Tenant 52

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 52

Property Insurance Property Manager Property Management 52

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 52

Rental Income Insurance Landlord Rent 52

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 Property 52

Rental Property Rental Income Commercial Property Professional Property Management 52

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 52

Media Property Management Software Tenant Lease 52

MRI Software

DECEMBER 15, 2024

This vacant residential property insurance covers specific risks associated with empty homes, such as theft, vandalism, or weather damage. Knowing the difference between the two is a key part of residential property management for all landlords.

Residential Property 52

Residential Property Insurance Landlord Property 52

MRI Software

APRIL 3, 2025

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. Pros: Reduces income loss if one tenant moves out since others remain.

Lease Agreement 52

Lease Agreement Lease Rental Income Landlord 52

MRI Software

MAY 22, 2025

General Terminology Affordable Housing:In general, housing for which the occupant(s) is/are paying no more than 30% of his or her income for gross housing costs, including utilities. Eligible tenants pay 30% of adjusted income toward rent and utilities, and the balance of the Contract Rent is paid by the PHA that administers the HCV program.

Finance 59

Finance Applications Applicants Government 59

MRI Software

MAY 31, 2025

Staying on schedule, utilizing multifamily management software, and addressing concerns early helps prevent those setbacks. Lets say your construction timeline slips and you miss a key leasing season. That alone could reduce your rental income and put extra pressure on your budget.

Contractors 40

Contractors Finance Rental Income Property 40