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AI risk management in commercial property management

MRI Software

The integration of AI in commercial property management is transforming the industry, offering innovative solutions to traditional challenges. AI risk management involves the use of artificial intelligence to identify, assess, and mitigate potential risks associated with managing commercial properties.

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How to Improve Commercial Property Tenant Retention

MRI Software

Retaining your commercial tenants means having a consistent and predictable income stream, as well as avoiding the costs of tenant turnover. Apart from the financial benefits, having long-term tenants also acts as a testimony to the quality of your commercial property, location, and property management.

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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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How many units qualify as a multifamily property?

MRI Software

When understanding how many units is considered multifamily, its important to know that smaller properties with two to four units, like duplexes and triplexes, are considered residential and can often be financed with traditional mortgages. appeared first on MRI Software.

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

MRI Software

What is Commercial Building Maintenance? Commercial building maintenance refers to the systematic process of inspecting, repairing, and servicing various components within a commercial property. This includes everything from HVAC systems and plumbing to fire safety and janitorial services.

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How to Choose the Best Property Management Software for Your Business

Fourandhalf

Specific Needs for Single-Family Property Management Single-family property management often comes with unique requirements compared to multi-family or commercial properties. Understanding these specific needs will help you choose software that can efficiently handle the nuances of single-family property management.

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What is common area maintenance (CAM) and why should you keep track of it?

MRI Software

Welcome to MRI Software’s exploration of a critical aspect of commercial property management: Common Area Maintenance (CAM). CAM encompasses the tasks and costs associated with maintaining shared spaces within a commercial property, a fundamental component of real estate management.