Remove Contractors Remove Demo Remove Tenant
article thumbnail

Maximize your rental business with small landlord property management software

Buildium

Residential rental property landlords have a lot to gain from these advanced tools, from easier tenant management to more accurate, less time-consuming accounting. Manual tracking of rent payments, maintenance requests, and tenant communications can be time-consuming and prone to errors. This helps you spot and fix issues quickly.

article thumbnail

Rental property maintenance software for landlords

Buildium

Communication Tools: Effective, speedy communication between landlords, tenants, and maintenance staff is important if you want to avoid lengthy repairs and frustrated renters. Tenants can report issues directly through the software, and landlords can provide updates on the status of repairs.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

6 must-know industry trends for small property managers

Buildium

TAKE THE QUIZ Next Schedule a Demo Fact #2: Virtual Assistants and Remote Workers on the Rise As labor costs continue to rise, many property managers are turning to overseas virtual assistants and remote workers to expand their business. In 2024, tenant quality emerged as the #1 concern for property management companies.

article thumbnail

6 Property Management Tax Mistakes: Are You Making Them?

Buildium

Employees and Contractors If you hire one or more employees, your payroll, as well as costs such as health insurance and other benefits are fully deductible. When you hire an independent contractor, that cost is deductible, too. A single account through which all money passes simply wont cut it.

article thumbnail

What is a corporate lease for residential properties? Insights for landlords and property managers

MRI Software

Corporate leases are becoming an increasingly popular option for landlords seeking stable and reliable tenants. Corporate leasing provides a streamlined solution for businesses needing short-term housing while offering landlords a reliable tenant base. Corporate leases can also provide landlords with a more predictable tenant base.

article thumbnail

Essential questions to ask when buying a multifamily property

MRI Software

From evaluating financial performance to assessing tenant stability and local market trends, well cover everything you need to know. Begin by reviewing the rent roll to see how income is distributed across units and verify that tenants are paying market rates. What is the occupancy rate and tenant stability?

article thumbnail

Value-add multifamily investing: A strategic roadmap for maximizing ROI in real estate

MRI Software

If your property doesnt have these features, consider adding them to attract higher-paying tenants. Energy-efficient appliances: These can lower utility costs, making your property more eco-friendly and attractive to tenants who are looking for savings on utilities. Another thing to consider is tenant satisfaction.