MRI Software

FEBRUARY 12, 2025

From tenant screening and legal compliance to property maintenance, the demands on landlords can quickly pile up and become overwhelming. Residential management services focus on professionally overseeing rental properties to ease the landlords responsibilities. Managing rental properties can often feel like a full-time job.

Landlord 52

Landlord Residential Property Management Residential Property Management Residential Property 52

American Apartment Owners Association

OCTOBER 10, 2024

The role of a landlord has always come with its challenges, but as we move into 2025, it has arguably never been more difficult. A combination of high insurance costs, razor-thin margins, and outdated business models are pushing many landlords to the brink, forcing them to reevaluate their strategies.

Landlord 130

Landlord Insurance Real Estate Management Real Estate Management 130

American Apartment Owners Association

OCTOBER 10, 2024

The role of a landlord has always come with its challenges, but as we move into 2025, it has arguably never been more difficult. A combination of high insurance costs, razor-thin margins, and outdated business models are pushing many landlords to the brink, forcing them to reevaluate their strategies.

Landlord 130

Landlord Insurance Real Estate Management Real Estate Management 130

MRI Software

FEBRUARY 11, 2025

They help landlords uncover discrepancies, verify compliance with lease terms, and maintain better financial control over their property. They allow landlords to identify discrepancies in rent payments, lease terms, or operational policies that could lead to financial risks. What is the purpose of lease audits?

Lease 52

Lease Landlord Lease Agreement Property 52

MRI Software

MARCH 5, 2025

Landlords may face various liability risks, from tenant injuries to property damage claims. Without the right protection, landlords could encounter costly lawsuits and unexpected expenses that threaten their investment. This guide will cover what landlord liability insurance is, why its essential, and the key benefits it offers.

Insurance 52

Insurance Landlord Rental Property Tenant 52

Buildium

OCTOBER 28, 2024

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. This helps explain why maintenance was property managers’ second-greatest challenge in 2024.

Property Management 246

Property Management Property Manager Management Property 246

American Apartment Owners Association

NOVEMBER 11, 2024

The big question for landlords is no longer whether or not to use AI, but HOW to use it. At Revela, we are using AI to help landlords and property managers streamline their day-to-day operations and make smarter decisions. Revela is partnering with AI-powered maintenance triage companies to streamline this process.

Landlord 130

Landlord Property Management Property Manager Maintenance 130

MRI Software

SEPTEMBER 4, 2024

Reducing maintenance costs is understandably a top priority for multifamily property landlords. Efficient property maintenance not only saves you money but also enhances tenant satisfaction. In fact, studies show that proactive maintenance can reduce overall costs by up to 30% !

Maintenance 52

Maintenance Rental Property Landlord Property 52

MRI Software

FEBRUARY 5, 2025

These properties provide landlords and investors with opportunities to generate rental income while meeting a variety of housing needs. Whether youre a landlord, property manager, or real estate investor, this guide will help you navigate the essentials of multifamily properties with ease. What defines a multifamily property?

Property 52

Property Finance Rental Income Single-Family Home 52

MRI Software

MARCH 3, 2024

Regular maintenance ensures that your property is a safe and comfortable place for tenants, helps avoid the expense of major repairs, and contributes to increasing the property’s value over time. For landlords and property managers, the challenge of managing maintenance tasks can be overwhelming.

Property Maintenance 52

Property Maintenance Maintenance Property Tenant 52

MRI Software

MARCH 22, 2024

For landlords and property managers, this season is the perfect opportunity for essential property maintenance tasks. This spring home maintenance checklist will guide you through essential interior and exterior maintenance tasks to keep your properties safe, efficient, and appealing to current and prospective tenants.

Maintenance 52

Maintenance Tenant Property Management Software Property Management 52

MRI Software

FEBRUARY 25, 2025

Without a solid asset management strategy, landlords risk losing revenue and facing operational challenges. Whether you’re a new landlord or an experienced investor, these insights will help you maximize your property’s potential. These metrics help landlords identify trends and make data-driven decisions.

Landlord 52

Landlord Management Property Management Software Property Management 52

MRI Software

DECEMBER 12, 2024

This is especially true when you rely on that income to cover mortgages, maintenance, and other expenses. Without a plan in place, landlords can quickly find themselves scrambling to fill financial gaps. Tenant default insurance is a financial safety net for landlords when tenants fail to pay rent.

Rental Income 52

Rental Income Insurance Landlord Tenant 52

MRI Software

FEBRUARY 12, 2025

A review of common areas, such as stairwells and parking lots, can reveal maintenance needs like better lighting or hazard removal. Reducing risks and improving community health Safety meetings help identify risks and implement preventive measures to protect residents and staff.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

NOVEMBER 28, 2023

Welcome to MRI Software’s exploration of a critical aspect of commercial property management: Common Area Maintenance (CAM). But what is Common Area Maintenance, and how does it intersect with real estate expense recoveries ? What is Common Area Maintenance (CAM)? How does Common Area Maintenance work?

Maintenance 52

Maintenance Lease Agreement Retail Commercial Property 52

MRI Software

DECEMBER 10, 2024

This is making many commercial landlords wonder, can you rent out commercial property as residential to address the housing crisis or boost property income? This guide explores key considerations for landlords looking to make this transition, from legal requirements to practical adaptations and market demand analysis.

Commercial Property 52

Commercial Property Landlord Rent Residential Property Management 52

MRI Software

NOVEMBER 26, 2024

Corporate leases are becoming an increasingly popular option for landlords seeking stable and reliable tenants. For landlords and property managers, understanding corporate leases can help optimize rental strategies and reduce vacancy rates. We’ll also discuss the many benefits they offer to both landlords and businesses.

Residential Property 52

Residential Property Lease Property Management Property Manager 52

MRI Software

FEBRUARY 3, 2024

This is the scenario no landlord or property manager ever wants to encounter, yet it’s an essential aspect of multifamily property management to be prepared for. Landlord insurance offers a safety net for your rental properties, protecting you against the costs of unforeseen circumstances. What is landlord insurance?

Insurance 52

Insurance Landlord Broker Rental Income 52

MRI Software

DECEMBER 15, 2024

Vacancies are an inevitable part of being a landlord. During these periods, your property is more vulnerable to risks like theft, vandalism, or unnoticed maintenance issues. Unlike standard landlord insurance, it covers unique risks that arise when no one is around to maintain or monitor the property.

Residential Property 52

Residential Property Insurance Landlord Property 52

MRI Software

FEBRUARY 28, 2025

The multifamily housing market is evolving rapidly, bringing major changes that landlords need to prepare for in 2025. To stay competitive, landlords must stay informed and adapt to these evolving multifamily housing trends. Staying ahead of these trends will help landlords remain competitive and ensure long-term property success.

Landlord 52

Landlord Tenant Lease Real Estate 52

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

MARCH 1, 2024

Routine maintenance of your multifamily property is essential for preserving its value and ensuring tenant satisfaction. Multifamily property maintenance comes with a host of responsibilities, from the routine cleaning of communal areas to the safety-critical testing of fire alarms.

Property Maintenance 52

Property Maintenance Maintenance Property Tenant 52

MRI Software

DECEMBER 5, 2024

For many landlords, rental income is more than just extra cashits essential for covering mortgage payments, property maintenance, and personal financial goals. In this blog, we’ll cover how loss of rental income insurance works, what it includes and excludes, and why every landlord should consider adding it to their coverage.

Rental Income 52

Rental Income Insurance Landlord Rent 52

MRI Software

MARCH 1, 2025

Early lease termination by tenants can leave landlords dealing with unexpected vacancies and financial losses. Knowing how to handle these situations efficiently helps landlords minimize financial risks and maintain a stable rental business. It can disrupt your rental income and make finding new tenants quickly a challenge.

Lease 52

Lease Landlord Lease Agreement Tenant 52

MRI Software

AUGUST 3, 2024

Every landlord and property manager strives for high renewal rates, but tenant non-renewals are an inevitable part of the business. Performing regular maintenance tasks and responding quickly to repairs will show tenants throughout their tenancy that you care about their living conditions.

Lease 52

Lease Tenant Landlord Rent 52

MRI Software

JULY 26, 2024

Operational Outgoing Fees Landlords often charge tenants for common area maintenance expenses, including upkeep of shared spaces like lobbies and parking lots. Vigilant review and negotiation of common area maintenance fees can help mitigate paying unnecessary expenses.

Lease 52

Lease Tenant Lease Agreement Landlord 52

MRI Software

MARCH 2, 2025

These properties offer landlords multiple income streams, making them a reliable way to build wealth and reduce financial risks. Well also provide valuable tips to help landlords maximize their investments and maintain successful properties. Making use of a multifamily management software for landlords makes this even simpler.

Landlord 40

Landlord Rental Property Single-Family Home Property 40

MRI Software

DECEMBER 12, 2024

Tenant default is a challenge many landlords and property managers face, often causing financial stress and operational disruptions. When a tenant defaults, it often leaves landlords facing tough choices and potential legal or financial headaches. Imagine needing to chase rent while juggling maintenance requests or vacancy management.

Tenant 52

Tenant Lease Agreement Insurance Property Management Software 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

FEBRUARY 8, 2025

Master leases are transforming the way multifamily properties are managed, offering landlords reliable income and opportunities for profit. Whether youre a landlord or a tenant, mastering this concept can help you optimize your real estate strategy. This makes them an attractive solution for investors and landlords alike.

Lease Agreement 52

Lease Agreement Lease Real Estate Landlord 52

MRI Software

AUGUST 4, 2024

The goal for landlords Multifamily community management involves overseeing the social and communication aspects of a multifamily property. As a landlord, your goal is to create a welcoming atmosphere for your residents. It’s essential to incorporate the maintenance of these amenities into your management plan.

Management 52

Management Property Property Management Software Maintenance 52

MRI Software

SEPTEMBER 10, 2024

Understanding Commercial Lease Basics A commercial lease is a contract between a landlord and a business tenant, allowing the tenant to use the property for commercial activities. These typically include property taxes, insurance, and maintenance costs. It outlines terms like rent, lease duration, and property use.

Lease 52

Lease Insurance Retail Landlord 52

MRI Software

DECEMBER 8, 2024

Property management systems (PMS) have become essential tools for landlords and property managers. A property management system is software that helps landlords and property managers take care of their properties. Maintenance requests? Managing multifamily properties can be a daunting task, but technology is changing the game.

Property Management 52

Property Management Property Manager Real Estate Management 52

MRI Software

FEBRUARY 24, 2024

In this blog, we look at why property managers and landlords should be offering benefits packages to tenants, as well as what you should include to ensure tenant satisfaction. You can easily offer a 24/7 maintenance hotline with multifamily property management software. Why is a resident benefit package important?

Tenant 52

Tenant Property Management Software Insurance Maintenance 52

MRI Software

DECEMBER 9, 2024

In this guide, well explore the typical operating expenses for multifamily properties, key factors contributing to expense growth, and the financial impact on both landlords and tenants. Typical operating expenses for multifamily expenses fall into predictable categories like maintenance, utilities, and property management fees.

Management 52

Management Property Utilities Insurance 52

MRI Software

DECEMBER 3, 2024

As a multifamily property landlord or property manager, tenant satisfaction isn’t just a goal—it’s critical to keeping vacancy rates low and maintaining steady income. These include clear communication, fast responses to maintenance requests, and transparency about lease terms.

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property 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. In this guide, well explore the different types of residential lease agreements available to landlords.

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Lease Agreement Lease Landlord Compliance 52