Compliance Rental Unit Residential Property Management 
MRI Software
MARCH 20, 2025
Population growth and limited housing supply in many areas drive demand for rental units, further boosting property values. This sustained demand strengthens the long-term investment case for multifamily properties. Non-compliance with these rules can lead to fines, legal disputes, or reputational damage.
MRI Software
APRIL 1, 2025
Surveys and detailed floor plans are necessary to clearly define the boundaries of each unit and shared area. These steps ensure compliance with local regulations and provide the foundation for a smooth conversion process. Condos tend to sell at a higher price per square foot compared to rental units, especially in competitive markets.
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