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What is residential property management? Roles and responsibilities explained

MRI Software

Managing these properties can be challenging, and thats where residential property management comes in. If you own a rental property or multifamily building, the day-to-day responsibilities of tenant management, property upkeep, and finances can quickly become overwhelming.

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How to Keep Your Properties Safe with Multifamily AI

MRI Software

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. When an AI-powered tool receives a document for the first time, it can label the data it’s been shown and then search for patterns in that data. What is Multifamily AI?

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The Value of Choosing PMI for Association Property Management

Property Management Inc.

Managing a homeowner’s association (HOA) or community isn’t just about mowing lawns and collecting dues. It’s a balancing act involving financial management, property maintenance , community engagement, and legal compliance. With PMI, legal compliance is handled seamlessly.

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How to Create Property Management Business Plan [Free Template]

Second Nature

How to create a successful property management business plan Peter Lohmann , CEO of RL Property Management , lays out three critical steps for residential property managers looking to crystalize a successful business plan: Identify your ideal clients. Go out and find leads.

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AI in real estate: Balancing innovation with ethical responsibility

MRI Software

MRI Software are leaders in innovative real estate software and in this article, we explore how AI is reshaping residential property management software and real estate CRM solutions. Tasks such as document processing, scheduling appointments, and managing communications are handled seamlessly by AI systems.

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Multifamily condo conversion: Is it the right move for your property?

MRI Software

Exclusive use spaces, such as patios or storage units, are for specific owners but still managed as part of the shared property. Proper planning and legal documentation are critical to making this transformation a success. Legal fees for drafting condo documents and establishing the HOA.

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