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Can you rent out commercial property as residential? Key considerations for landlords

MRI Software

This is making many commercial landlords wonder, can you rent out commercial property as residential to address the housing crisis or boost property income? In urban areas, unused commercial buildings often outnumber housing units, making conversions a win-win. Did you know that the U.S. million homes?

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A Complete Guide to Commercial Building Maintenance: Checklists, Costs, and Schedules

MRI Software

Commercial building maintenance is essential for ensuring the longevity and safety of a property. Regular upkeep not only prevents costly repairs but also improves energy efficiency, ensures compliance with regulations, and enhances the overall experience for occupants. What is Commercial Building Maintenance?

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Is multifamily considered residential or commercial?

MRI Software

Here we explore the factors that influence how to classify a multifamily property and the implications of the classification: Residential property classification Before categorizing a multifamily property, it is important to understand the difference between residential and commercial property.

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What is residential property management? Roles and responsibilities explained

MRI Software

In this blog, well explore exactly what is residential property management, what property managers do, and why their role is essential for maintaining a profitable and well-run rental property. Well also dive into what is the difference between residential and commercial property management.

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What is Industrial Property Management and Why is it Important?

MRI Software

You’ll learn about the strategies and nuances of overseeing industrial properties effectively with industrial property management for optimal efficiency and success. What is industrial property management? Control real estate costs Reduce operating costs to boost the bottom line while maintaining safety and compliance.

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Energy efficiency strategies in multifamily property management

MRI Software

Benefits of effective energy management Effective energy management offers numerous benefits for multifamily properties. These advantages range from cost savings to improved tenant satisfaction and regulatory compliance. These standards are enforceable by law and apply to various building types, including multifamily properties.

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Your path to a stress-free, successful year-end close in real estate and property management

MRI Software

Employ formulas for revenue recognition aligned with lease terms and automate adjustments, ensuring compliance with lease accounting standards like ASC 842 and IFRS 16. This promotes confidence and ensures compliance with tax regulations (e.g., IRS Form 4562 and Schedule E).