MRI Software

APRIL 29, 2024

Including Microsoft Excel in your lease accounting workflow may seem like the simplest or most practical way to manage simple accounting tasks. Leasing commercial space is a cornerstone of the retail business model. Lease terms directly affect your balance sheet, cash flow, and profitability.

Lease 52

Lease Retail Compliance Real Estate 52

MRI Software

APRIL 25, 2024

However, juggling leases can be a complex task of documents, deadlines, and specifics that often challenge even the most experienced lease managers. With the shift to ASC 842 and other global accounting standards, the demand for structured lease management has grown. Why develop a business case for Lease Management software?

Lease 52

Lease Management Compliance Finance 52

American Apartment Owners Association

NOVEMBER 11, 2024

Revelas platform uses AI to analyze everything from maintenance histories to leasing data, helping landlords and property managers optimize their portfolios. Our AI function automatically generates state-specific demand letters for overdue rent, ensuring compliance with local regulations using natural language processing.

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Landlord Property Management Property Manager Maintenance 130

MRI Software

FEBRUARY 27, 2025

Leases are designed to provide stability for both landlords and tenants, but unforeseen circumstances can sometimes force landlords to consider breaking the agreement. Understanding your rights and responsibilities during an early termination of the lease agreement by landlord is key to handling lease terminations effectively.

Lease 52

Lease Landlord Lease Agreement Tenant 52

MRI Software

FEBRUARY 10, 2025

For landlords and property managers, effective residential leasing management is essential to reduce vacancies, attract quality tenants, and maintain a steady rental income. By focusing on areas like lease administration, maintenance, and communication, you can set your property up for long-term success.

Lease 52

Lease Property Management Property Manager Management 52

MRI Software

MARCH 1, 2025

Lease agreements are a fundamental aspect of managing rental properties, helping to establish clear terms and protect both landlords and tenants. Whether you’re an experienced property owner or new to renting, choosing the right lease agreement is essential for maintaining a smooth and profitable rental operation.

Lease Agreement 52

Lease Agreement Lease Landlord Compliance 52

MRI Software

FEBRUARY 8, 2025

Master leases are transforming the way multifamily properties are managed, offering landlords reliable income and opportunities for profit. Below we will explain what a master lease agreement is, its key components, and how to get a master lease agreement for multifamily properties. What is a master lease agreement?

Lease Agreement 52

Lease Agreement Lease Real Estate Landlord 52

MRI Software

DECEMBER 13, 2023

Lease management software has become a valuable tool for businesses who need to streamline their lease management processes. From small enterprises to large corporations, implementing lease management software  delivers numerous benefits and advantages. What can a lease management solution do for your business?

Lease 52

Lease Management Lease Agreement Property 52

MRI Software

AUGUST 3, 2024

This guide offers best practices for managing lease renewals and strategies for dealing with tenants who decide not to renew. How to ask a tenant if they will renew lease As a tenant’s lease period comes to an end, it’s your responsibility to start the renewal conversation.

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Lease Tenant Landlord Rent 52

MRI Software

SEPTEMBER 6, 2024

With so many rental agreements in play, understanding lease transitions is more important than ever. Whether you’re dealing with an old lease vs new lease, knowing how to navigate these transitions can save you time and avoid potential legal issues. What is the difference between old and new lease?

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Lease Lease Agreement Landlord Tenant 40

Yardi Breeze

FEBRUARY 12, 2025

Leasing teams are not equipped to spot these issues on their own. Detecting and preventing this widespread issue is critical for maintaining the integrity of leasing decisions and protecting properties from potential losses. Many believe fraud isnt happening at their properties simply because they cant see it.

Property Management 100

Property Management Property Manager Management Property 100

MRI Software

AUGUST 2, 2024

This process is crucial for landlords to ensure that the tenant can consistently meet rent payments throughout the lease term. This compliance is critical to maintaining equitable treatment for all applicants. Pay Stubs and Tax Returns Pay stubs and tax returns are common income verification tools.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

AUGUST 3, 2024

A 100% occupancy rate means all units are leased, while 0% means none are. Tracking this KPI helps evaluate leasing strategies and tenant demand trends, informing pricing and marketing decisions and aiding in maximizing rental occupancy rates. It reflects the percentage of tenants who renew their leases versus those who move out.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

DECEMBER 12, 2024

Whether its missed rent payments or a lease violation, understanding why tenants default and how to address these issues is key to protecting your rental business. Tenant default happens when a tenant fails to meet the terms of their lease agreement. What is tenant default? Send monthly rent reminders or payment confirmations.

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Tenant Lease Agreement Insurance Property Management Software 52

MRI Software

AUGUST 1, 2024

Rather than being physically present, property managers leverage technology and digital tools to manage essential tasks such as rent collection, lease administration, maintenance coordination, and tenant communication. Fair Housing And Compliance Requirements Landlords must adhere to both federal and local fair housing laws.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

AUGUST 2, 2024

Green leases are quickly becoming the industry standard, reflecting a growing commitment to sustainability. These leases include clauses that promote energy efficiency and environmentally friendly practices, such as recycling. By introducing a recycling program, you can bring the benefits of green leases to your multifamily property.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

DECEMBER 12, 2023

This software can automate processes such as tenant screening, lease tracking, rent collection, and maintenance requests. Legal matters Property managers must be knowledgeable about landlord-tenant laws and fair housing regulations to keep the multifamily property in legal compliance. appeared first on MRI Software.

Property Management 52

Property Management Property Manager Management Property Management Software 52

MRI Software

OCTOBER 23, 2023

Get a software demo Multifamily software used by the top ten NMHC managers Take full control of the lead-to-lease process Get a demo Utilizing multifamily property management software with multifamily AI can significantly enhance the safety and security of your properties.

Property 52

Property Insurance Property Management Property Manager 52

MRI Software

APRIL 4, 2024

Lease tracking Lease tracking directly affects your real estate portfolio’s performance and profitability. Generating stable income requires efficiently managing lease agreements and maintaining high occupancy rates. Get a demo The post What is real estate portfolio management and why is it important?

Real Estate 52

Real Estate Management IT Lease 52

MRI Software

MARCH 15, 2024

At its core, industrial property management involves day-to-day building administration, encompassing tasks like lease agreements, rent collection, and tenant communication. Control real estate costs Reduce operating costs to boost the bottom line while maintaining safety and compliance. appeared first on MRI Software.

Industrial Property Management 52

Industrial Property Management Industrial Property Property Management Property Manager 52

MRI Software

DECEMBER 17, 2024

From simplifying lease renewals to ensuring robust tenant satisfaction, this software is packed with benefits. It automates repetitive processes like rent collection and lease renewals, saving time and reducing errors. Tenant and lease tracking Tracking tenants and leases is a fundamental aspect of property management.

Apartment 52

Apartment Management Property Management Software Property Management 52

MRI Software

AUGUST 5, 2024

These advantages range from cost savings to improved tenant satisfaction and regulatory compliance. This enables you to offer green leases , boosting occupancy rates by attracting eco-conscious tenants. These tenants are more likely to renew their leases, reducing turnover rates.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

DECEMBER 4, 2023

Circumstances such as non-payment of rent, lease violations, and property damage can make tenant eviction necessary. Understand your lease agreement To navigate the multifamily tenant eviction process successfully, you will need to fully understand the lease agreement signed between you and your tenant.

Lease Agreement 52

Lease Agreement Property Tenant Lease 52

MRI Software

DECEMBER 3, 2024

Theyre responsible for everything from filling vacancies and managing leases to resolving tenant issues. A property manager also handles lease renewals to ensure a smooth transition at the end of each tenancy. The types of leases and tenant expectations are also different. What does a residential property manager do?

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property Management 52

MRI Software

SEPTEMBER 12, 2024

Differences between a pet fee and a pet deposit An apartment pet fee is a one-time, non-refundable charge collected at the start of a lease. A pet deposit is a refundable amount collected at the beginning of the lease. Happy tenants are more likely to renew leases, which reduces turnover and associated costs.

Apartment 52

Apartment Lease Agreement Lease Tenant 52

MRI Software

MARCH 3, 2024

With these services, property managers and landlords have happy tenants who are more likely to renew their leases, leading to stable rental income. Compliance and safety Keeping up with the various codes and regulations that apply to multifamily properties can be daunting. appeared first on MRI Software.

Property Maintenance 52

Property Maintenance Maintenance Property Tenant 52

MRI Software

FEBRUARY 25, 2025

Common strategic decisions include property renovations, lease structuring, and pricing adjustments. Property management software helps landlords automate rent collection, track expenses, and manage leases easily. Property managers play a critical role in maintaining compliance with regulations and handling day-to-day responsibilities.

Landlord 52

Landlord Management Property Management Software Property Management 52

MRI Software

NOVEMBER 25, 2024

Zoning approvals: Ensuring land use compliance Zoning permits are essential to confirm that the land is legally designated for multifamily use. Multiple inspections will occur during the build to confirm compliance at different stages. Inspectors will check for compliance with these requirements during construction.

Compliance 52

Compliance Single-Family Home Contractors Regulation 52

MRI Software

FEBRUARY 21, 2024

Unearned income from tenants: Challenge: Accurately accounting for unearned income from tenants, particularly in commercial and retail spaces with advanced rent payments or lease incentives. This promotes confidence and ensures compliance with tax regulations (e.g., IRS Form 4562 and Schedule E).

Real Estate 52

Real Estate Property Management Property Manager Management 52

MRI Software

DECEMBER 6, 2023

Our software addresses crucial property management challenges, including lead generation, maintenance requests, lease renewals, and more. Lease renewals Property management software automates lease renewals by simplifying the process and reducing manual tasks.

Property Management 52

Property Management Property Manager Property Management Software Management 52

MRI Software

JANUARY 2, 2024

Benefits of fire extinguishers in rental properties Fire extinguishers are more than just meeting regulatory compliance. Compliance with insurance requirements and potential premium reductions Insurance companies often require rental properties to have fire extinguishers as part of their policy conditions.

Rental Property 52

Rental Property Property Insurance Compliance 52

MRI Software

FEBRUARY 9, 2025

A good property management company can minimize vacancies, address maintenance issues proactively, and keep your property in compliance with local laws. Include additional fees: Account for charges like tenant placement fees (50%100% of one months rent), lease renewal fees (30% of monthly rent), or contract setup fees (up to $300).

Rental Management 52

Rental Management Management Property Management Property Manager 52

MRI Software

DECEMBER 5, 2024

If you plan to participate in Section 8 or other government programs, annual property inspections may also be required to ensure compliance with their guidelines. Youre dealing with multiple tenants, which can mean more maintenance requests, more paperwork, and more lease renewals. This is where property management tools come in handy.

Government 52

Government Property Management Software Property Management Property Manager 52

MRI Software

DECEMBER 4, 2024

Developers must navigate these rules to avoid legal or financial setbacks and to ensure compliance from the beginning. Property management tools can assist in tracking compliance with complex zoning requirements, such as those around height and density. How does multifamily zoning differ from other zoning types?

Regulation 52

Regulation Government Residential Property Applications 52

MRI Software

SEPTEMBER 1, 2024

Compliance with these rules may require additional work and materials, adding to your overall expenses. Clearly defining the extent of the work helps you manage costs and prioritize essential improvements. Local building codes and regulations Local building codes and regulations can affect your renovation costs as well.

Apartment 52

Apartment Property Management Software Finance Rental Income 52

MRI Software

SEPTEMBER 30, 2024

One of their main tasks is setting bylaws and ensuring compliance. Get a software demo Multifamily software used by the top ten NMHC managers Take full control of the lead-to-lease process Get a demo The post Roles and responsibilities of condo boards vs. property managers: Key differences appeared first on MRI Software.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

SEPTEMBER 27, 2024

Get a software demo Multifamily software used by the top ten NMHC managers Take full control of the lead-to-lease process Get a demo Who typically performs underwriting for multifamily properties? High-quality tenants and favorable lease terms significantly impact the property’s performance.

Real Estate 52

Real Estate Property Tenant Lease 52