Buildium

OCTOBER 28, 2024

However, cultivating strong relationships with existing clients and encouraging them to expand can be a more cost-effective way to add doors to your portfolio—particularly in a market where more rental owners may be interested in acquiring new properties in comparison with the recent past. What Type of Property Manager Are You?

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MRI Software

DECEMBER 14, 2023

Multifamily property management software has transformed property management operations. This software enables property managers to streamline daily tasks, effectively manage revenue and expenses, and enhance tenant satisfaction.

Property Management Software 52

Property Management Software Property Management Property Manager Management 52

MRI Software

FEBRUARY 5, 2025

Multifamily properties are a vital part of the real estate market, offering housing for multiple households within a single building or complex. These properties provide landlords and investors with opportunities to generate rental income while meeting a variety of housing needs. What defines a multifamily property?

Property 52

Property Finance Rental Income Single-Family Home 52

MRI Software

FEBRUARY 25, 2025

Managing these properties effectively requires more than just collecting rent; it involves strategic planning, financial oversight, and operational efficiency. Without a solid asset management strategy, landlords risk losing revenue and facing operational challenges. What is multifamily asset management?

Landlord 52

Landlord Management Property Management Software Property Management 52

MRI Software

AUGUST 5, 2024

As a landlord or property manager, it’s essential that you meet these multifamily housing trends to attract and retain tenants. In this guide, we highlight the multifamily technology trends that are here to stay and why they are essential for modern residential properties. What is multifamily technology?

Tenant 64

Tenant Property Management Software Residential Property Property Management 64

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 fact, a 2020 report by the Joint Center for Housing Studies found that 41% of rental property owners depend on rental income for more than half of their household income.

Rental Income 52

Rental Income Insurance Landlord Rent 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

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 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.

Tenant 52

Tenant Property Management Software Insurance Maintenance 52

MRI Software

DECEMBER 12, 2024

Tenant default is a challenge many landlords and property managers face, often causing financial stress and operational disruptions. This often includes non-payment of rent, but it could also involve damaging property or breaking other lease terms like unauthorized subletting. How does tenant default affect landlords?

Tenant 52

Tenant Lease Agreement Insurance Property Management Software 52

MRI Software

DECEMBER 17, 2024

With tenants expecting seamless services and landlords juggling various responsibilities, its no surprise that smart tools are a must. Apartment complex management software provides the streamlined, effective solutions you need to stay on top of daily tasks.

Apartment 52

Apartment Management Property Management Software Property Management 52

MRI Software

AUGUST 1, 2024

Improving tenant satisfaction while keeping costs down and cashflow steady can be a challenge for landlords. Introducing amenities and advanced technology in your multifamily property can help you achieve this balance effectively. This software streamlines maintenance requests and communication, making the management process smoother.

Tenant 52

Tenant Property Management Software Apartment Landlord 52

MRI Software

SEPTEMBER 7, 2024

Did you know that over 30% of insurance claims for multifamily properties involve some form of property damage? As a landlord, the stakes are high, and protecting your investment is non-negotiable. Plus, it can cover loss of rental income if your property becomes uninhabitable due to a covered event.

Insurance 59

Insurance Property Rental Income Landlord 59

MRI Software

AUGUST 1, 2024

In this blog, we’ll explore the key differences between Active and Passive Property Management, helping you determine which method aligns best with your investment goals. Hands-On Involvement and On-Site Presence Active property managers take on responsibilities akin to those of a landlord.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

DECEMBER 4, 2024

Benefits of investing in the right multifamily asset management software When considering software, its important to be aware of mistakes to avoid when choosing a multifamily property management software. It will improve decision-making, increase efficiency, and enhance transparency across your portfolio.

Management 52

Management Property Management Software Property Manager Property Management 52

MRI Software

AUGUST 4, 2024

What is multifamily community management? The goal for landlords Multifamily community management involves overseeing the social and communication aspects of a multifamily property. It includes building a sense of community for tenants, maintaining the property, and addressing tenant concerns.

Management 52

Management Property Property Management Software Maintenance 52

MRI Software

FEBRUARY 8, 2025

Master leases are transforming the way multifamily properties are managed, offering landlords reliable income and opportunities for profit. These agreements are gaining popularity as an effective strategy for streamlining property operations and maximizing returns. What is a master lease agreement?

Lease Agreement 52

Lease Agreement Lease Real Estate Landlord 52

MRI Software

AUGUST 2, 2024

Ensuring everyone adheres to the recycling rules requires ongoing effort and can be difficult to manage effectively. Use your property management software for apartments to track and communicate recycling efforts. Use property management software to send regular reminders and updates about recycling procedures.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

DECEMBER 16, 2024

If youre renting out a residential property, protecting your investment isnt just smartits essential. Landlord residential insurance is your first line of defense against risks like tenant damage, property loss, and legal liabilities. In this guide, well break down everything you need to know about landlord insurance.

Residential Property 52

Residential Property Insurance Property Landlord 52

MRI Software

OCTOBER 24, 2023

In residential property management, following up on leads and maximizing occupancy are crucial to the success of your multifamily community. Residential property management software is a powerful tool for attracting these ideal tenants.

Rental Property 52

Rental Property Residential Property Management Residential Property Management Property Management Software 52

MRI Software

SEPTEMBER 8, 2024

Understanding the distinctions and overlaps between student housing and multifamily properties is crucial for landlords and property managers. Student housing is also always considered commercial real estate, while multifamily properties with four units or less are considered residential.

Property Management 52

Property Management Property Manager Real Estate Landlord 52

MRI Software

FEBRUARY 18, 2024

Noise complaints can be common in a multifamily property due to the proximity of residents. The challenge for landlords and property managers is determining when noise levels cross the line from acceptable to disruptive, and knowing how to effectively handle the complaints. Are landlords liable for tenant noise?

Tenant 52

Tenant Lease Agreement Property Management Software Property Manager 52

MRI Software

DECEMBER 9, 2024

Knowing how to manage these costs effectively is essential for keeping your property profitable and tenants happy. 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. each month.

Management 52

Management Property Utilities Insurance 52

MRI Software

FEBRUARY 4, 2025

Providing a digital walkthrough demonstrates that you value convenience and makes your property stand out. Online applications and payments Streamlining processes like applications and rent payments through multifamily property management software saves time and reduces paperwork.

Lease 52

Lease Tenant Property Management Software Property Management 52

MRI Software

DECEMBER 12, 2023

Property managers often utilize multifamily property management software as a powerful tool to streamline management tasks and responsibilities. This software can automate processes such as tenant screening, lease tracking, rent collection, and maintenance requests. appeared first on MRI Software.

Property Management 52

Property Management Property Manager Management Property Management Software 52

MRI Software

AUGUST 3, 2024

Failing to adhere to these compliance standards can lead to severe consequences for business owners, property managers and landlords. Insurance Coverage Insurance coverage for property managers is essential due to the risks associated with managing rental properties, such as apartments, condos, or commercial buildings.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

NOVEMBER 4, 2024

Leveraging your occupancy costs and expenses Tracking your occupancy costs gives you the leverage needed for successful negotiations with landlords or service providers. Property management software can be an excellent tool for automating this process and providing detailed reports that help you make informed decisions.

Utilities 52

Utilities Insurance Property Management Software Property Management 52

MRI Software

APRIL 19, 2024

How MRI Software can help landlords invest in apartment complexes MRI Software provides robust investment management software tailored for landlords investing in apartment complexes. Get a software demo Property Management Software Multi-discipline technology for property owners, investors and occupiers.

Apartment 52

Apartment Single-Family Home Rental Income Compliance 52

MRI Software

SEPTEMBER 6, 2024

This distinction comes from the Landlord and Tenant (Covenants) Act 1995 , which introduced changes that impact both landlords and tenants. Understanding this old lease vs new lease distinction helps landlords manage lease assignments and renewals more effectively. Does a new landlord have to honor an old lease?

Lease 40

Lease Lease Agreement Landlord Tenant 40

MRI Software

DECEMBER 5, 2024

Key benefits of investing in affordable multifamily housing Investing in affordable multifamily properties comes with numerous benefits that make it attractive for landlords. On top of that, some local governments offer property tax reductions or grants to encourage affordable housing development.

Government 52

Government Property Management Software Property Management Property Manager 52

MRI Software

SEPTEMBER 12, 2024

For multifamily property landlords and managers, this trend offers a great opportunity. Adding an apartment pet fee or an apartment pet deposit can attract more tenants to your properties and boost your income. This fee is recurring, making it manageable for tenants and providing a steady income stream for landlords.

Apartment 52

Apartment Lease Agreement Lease Tenant 52

MRI Software

DECEMBER 8, 2024

Property management software Tools like MRI Software can help you automate key tasks like rent collection, lease management, and tenant screening. This streamlines property management and reduces human error. Using property management software makes managing your properties more efficient.

Property 52

Property Property Management Software Single-Family Home Property Management 52

MRI Software

DECEMBER 14, 2024

The multifamily housing sector is buzzing with changes in 2024, and staying ahead of these shifts is key for multifamily property managers and landlords. Technology continues to transform multifamily housing, streamlining property management and enhancing tenant experiences. appeared first on MRI Software.

Property Management 52

Property Management Property Manager Tenant Rent 52

MRI Software

MARCH 22, 2025

Keeping your multifamily property fully occupied requires more than just a great location, it takes strategic marketing and consistent engagement. For property managers and landlords, maintaining high occupancy ensures steady income, reduces turnover costs, and strengthens long-term profitability.

Media 52

Media Property Management Software Tenant Lease 52

MRI Software

SEPTEMBER 14, 2024

Plus, find out how real estate property management software can help when dealing with multifamily vacancies. Multifamily vacancy rates measure how many units in a property are unoccupied compared to the total number of units. What are multifamily vacancy rates?

Rental Income 52

Rental Income Tenant Property Management Software Real Estate Property Management 52

MRI Software

FEBRUARY 20, 2024

Understanding the difference between what your landlord’s insurance covers and what falls under your responsibility is crucial. Landlords typically cover the physical structure of the rental property and any appliances or fixtures they own against damage from insured events like fires, storms, or other natural disasters.

Insurance 52

Insurance Rental Unit Landlord Electronics 52

MRI Software

DECEMBER 1, 2024

How to effectively manage an apartment complex Effectively managing an apartment complex starts with setting up the right systems to streamline your daily operations. By streamlining these processes, MRI Software helps reduce operational costs, improve tenant satisfaction, and maximize the overall profitability of your property.

Apartment 52

Apartment Management Property Property Manager 52