MRI Software

MAY 21, 2025

Utility costs in multifamily properties continue to rise, making it increasingly important for property owners to find ways to manage expenses effectively. At the same time, tenants want a fair billing system where they only pay for the utilities they actually use. What is submetering and how does it work?

Property

Buildium

JUNE 12, 2025

Automated Bill Processing: Clyr handles vendor and utility bill payments, integrating seamlessly with your Property Management System (PMS) or Enterprise Resource Planning (ERP) for accurate record-keeping. Effortless Receipt Management: Capture, categorize, and upload receipts instantly.

Maintenance

McKee Properties

FEBRUARY 10, 2025

High-quality photography or videography of properties Inclusion of captivating descriptions tailored for local audiences Utilizing keywords like Bay Park home rentals to attract search traffic Ask for examples of prior marketing campaigns theyve successfully managed. What Makes Marketing Effective?

Property Management

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

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

MRI Software

DECEMBER 15, 2024

Thats where unoccupied residential property insurance comes inits designed to protect your investment when your property isnt actively in use. This guide breaks down everything you need to know about unoccupied residential property insurance and how to choose the right policy. What is unoccupied property insurance?

Residential Property

MRI Software

NOVEMBER 26, 2024

Corporate leases often include fully furnished units and essential amenities like utilities and internet, allowing employees to move in without hassle. In contrast, a personal lease is signed by an individual who is directly responsible for living in the property and handling rental payments.

Residential Property

Esquire Property Management Group

NOVEMBER 25, 2024

This is leading to the need for all properties to have increased electrical capacity, higher amperage, and expanded utility infrastructure. Electric Vehicles (EVs), Home Charging Stations and Increased Computing Needs The adoption of EVs is transforming energy needs for residential properties.

Commercial Property

Condo Control

NOVEMBER 21, 2024

Condo unit owners can invest in green energy initiatives A progressive initiative aims to give lower-income households access to solar energy, while also giving multi-family residential property owners the opportunity to invest in solar energy to offset energy costs.

Condominium

Yardi Breeze

DECEMBER 6, 2024

I manage a mixed-use property with commercial & residential units. How should I set up this property? For a mixed-use property, it is possible to set up the commercial units as a commercial property and the residential units as a residential property. Billing will update automatically.

Property Management Software

MRI Software

AUGUST 5, 2024

In this guide, we highlight the multifamily technology trends that are here to stay and why they are essential for modern residential properties. The rise of multifamily technology Multifamily technology is changing how properties are managed and how tenants interact with their homes. What is multifamily technology?

Tenant

Florida Property Management

MAY 20, 2023

Even though developed for Commercial Real Estate Investments, it can be adapted to Residential Property Rental Investment. It also utilizes the Concept of Internal Rate of Return which is s a metric that indicates the annualized rate of return on an investment over a specific period.

Real Estate

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. What is a typical physical occupancy rate? A typical physical occupancy rate is around 93.8%.

Residential Property Management

Real Property Management Enterprises

JANUARY 23, 2025

Open a HELOC If dwelling on or living in close quarters with your renter is undesirable for you, an alternate option is to get a home equity line of credit (HELOC) on your residential property.

Real Estate

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

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. In this guide, we look at what AI multifamily is, its functions, and how it is benefitting residential property managers by reducing risk and saving time.

Property

Gordon Property Management

FEBRUARY 15, 2024

By 2024, commercial properties over 250,000 square feet must operate from renewable sources. By 2030, this requirement will extend to all non-residential properties over 50,000 square feet. Adopting green initiatives offers numerous benefits to property investors.

Regulation

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

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

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). Focuses on residential property management practices.

Property Management

Nest DC

MAY 24, 2023

Depreciation Depreciation is another crucial tax benefit for rental property owners. The Internal Revenue Service (IRS) allows landlords to deduct the cost of the property over a specific period, typically 27.5 years for residential properties.

Rental Property

MRI Software

DECEMBER 12, 2023

Each side of the duplex has its own entrance, utilities, and complete living facilities. This type of property is an excellent option for those seeking a blend of private homeownership with the investment potential of renting out the adjacent unit. These individually owned homes are typically tall and narrow with multiple floors.

Single-Family Home

MRI Software

MARCH 1, 2025

This allows landlords to focus on long-term planning, property upgrades, and tenant retention without frequent interruptions. Utilizing tools such as multifamily management software can streamline processes like rent collection, maintenance tracking, and lease renewals.

Lease Agreement

MRI Software

DECEMBER 13, 2023

The software also aids in making data-driven decisions, keeping track of financials, and enhancing tenant relations, contributing to a more efficient property management process. Tenants also experience significant advantages from multifamily properties that utilize this software.

Property Management Software

Real Property Management DC Metro

MARCH 22, 2024

It’s more than just purchasing a property and waiting for it to increase in value; it demands active involvement in the market to generate income and accumulate wealth. Other opportunities encompass industrial properties, land development projects, and real estate investment trusts (REITs), offering diversification.

Real Estate

T&H Realty

JULY 8, 2024

Insurance Premiums: Deducting the cost of landlord insurance protects your property and reduces taxable income. Utilities: If you cover utilities like water, gas, or electricity, these expenses are deductible. Depreciation: Depreciation is a powerful tax benefit for rental property owners in Indiana.

Rent

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

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

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

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

SparkRental

DECEMBER 13, 2024

Based on these aspects: Tangible Value Of course, real estate represents ownership of physical assets with utility value, similar to owning a business with physical assets. Its tangibility provides a floor for valuation, unlike many alternative investments where value can theoretically drop to zero.

Real Estate

HOA Managememt

OCTOBER 10, 2024

An association may regulate the size and number of political signs placed on a member’s property if the association’s regulation is not more restrictive than any applicable city, town, or county ordinance that regulates the size and number of political signs on residential property.

Government

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. Can a borrower dispute a lender inspection’s findings?

Contractors