MRI Software

APRIL 25, 2024

Are you a real estate portfolio manager looking to streamline your lease management processes? This blog will walk you through the top five features to consider when choosing the right lease management software for your business. This includes lease terms, rent payments, lease commencement and expiration dates, and important clauses.

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MRI Software

APRIL 29, 2024

Including Microsoft Excel in your lease accounting workflow may seem like the simplest or most practical way to manage simple accounting tasks. Leasing commercial space is a cornerstone of the retail business model. Lease terms directly affect your balance sheet, cash flow, and profitability.

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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. Whether you’re an experienced property owner or new to renting, choosing the right lease agreement is essential for maintaining a smooth and profitable rental operation.

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MRI Software

MARCH 1, 2025

Early lease termination by tenants can leave landlords dealing with unexpected vacancies and financial losses. This guide covers everything landlords need to know about early termination of lease agreement by tenants. This guide covers everything landlords need to know about early termination of lease agreement by tenants.

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MRI Software

FEBRUARY 8, 2025

Master leases are transforming the way multifamily properties are managed, offering landlords reliable income and opportunities for profit. Below we will explain what a master lease agreement is, its key components, and how to get a master lease agreement for multifamily properties. What is a master lease agreement?

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MRI Software

APRIL 25, 2024

However, juggling leases can be a complex task of documents, deadlines, and specifics that often challenge even the most experienced lease managers. With the shift to ASC 842 and other global accounting standards, the demand for structured lease management has grown. Why develop a business case for Lease Management software?

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MRI Software

FEBRUARY 4, 2025

By applying these multifamily leasing tips, you can stand out in a competitive market and make your property more appealing to prospective renters. This guide will provide practical multifamily leasing tips on effective strategies, leveraging technology, and creating a welcoming tenant experience.

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MRI Software

DECEMBER 13, 2023

Lease management software has become a valuable tool for businesses who need to streamline their lease management processes. From small enterprises to large corporations, implementing lease management software  delivers numerous benefits and advantages. What can a lease management solution do for your business?

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MRI Software

DECEMBER 2, 2024

If you’re managing or investing in multifamily properties, you’ve likely come across the term “loss to lease multifamily.” Loss to lease is the difference between the current market rent and the rent youre actually collecting from your tenants. What is loss to lease in multifamily real estate?

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MRI Software

SEPTEMBER 10, 2024

Navigating the complexities of commercial real estate leases is essential for both property managers and tenants. In this article from MRI Software, we’ll explore the different types of commercial leases, providing valuable insights to help you navigate lease agreements with confidence. What defines a commercial lease?

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MRI Software

SEPTEMBER 3, 2024

Lease renewal fees are a critical factor in multifamily property management, affecting both landlords and tenants. Did you know that renewing a lease with an existing tenant can save up to $1,000 in turnover costs? Understanding lease renewal fees is essential for maximizing your rental income and ensuring tenant satisfaction.

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MRI Software

AUGUST 3, 2024

This guide offers best practices for managing lease renewals and strategies for dealing with tenants who decide not to renew. How to ask a tenant if they will renew lease As a tenant’s lease period comes to an end, it’s your responsibility to start the renewal conversation.

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MRI Software

FEBRUARY 1, 2025

The lease-up phase is one of the most important periods for a multifamily property. By combining proactive management with targeted strategies, you can streamline your lease-up process and attract quality tenants. By implementing a strategic plan, you can efficiently transition your property from pre-leasing to long-term stability.

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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. What is a corporate lease?

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MRI Software

SEPTEMBER 6, 2024

With so many rental agreements in play, understanding lease transitions is more important than ever. Whether you’re dealing with an old lease vs new lease, knowing how to navigate these transitions can save you time and avoid potential legal issues. What is the difference between old and new lease?

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American Apartment Owners Association

NOVEMBER 11, 2024

Revelas platform uses AI to analyze everything from maintenance histories to leasing data, helping landlords and property managers optimize their portfolios. Schedule your demo now to get started. Turn Data into Actionable Insights AIs capabilities go beyond just automationit is also about using data to make better decisions.

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Yardi Breeze

FEBRUARY 12, 2025

Leasing teams are not equipped to spot these issues on their own. Detecting and preventing this widespread issue is critical for maintaining the integrity of leasing decisions and protecting properties from potential losses. Many believe fraud isnt happening at their properties simply because they cant see it.

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Fourandhalf

AUGUST 22, 2024

These might include individual lease agreements, tailored maintenance schedules, and personalized tenant communication. Look for features that allow you to easily track tenant information, lease agreements, rent payments, and communication history. Maintenance requests can be easily tracked and managed.

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MRI Software

FEBRUARY 12, 2025

These services typically include tenant screening, lease management, rent collection, and property maintenance, among others. Rent collection: Modern systems ensure on-time payments and enforce lease terms when necessary. Legal compliance: Ensures landlords meet local, state, and federal regulations to minimize legal risks.

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Buildium

MARCH 3, 2025

In particular, Buildiums Analytics and Insights can offer you real-time data on key performance metrics, such as expenses, leasing performance, and company revenue. Try it for yourself with a risk-free 14-day trial or schedule a live guided demo. And the best way to see the difference?

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MRI Software

APRIL 4, 2024

Lease tracking Lease tracking directly affects your real estate portfolio’s performance and profitability. Generating stable income requires efficiently managing lease agreements and maintaining high occupancy rates. Get a demo The post What is real estate portfolio management and why is it important?

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MRI Software

FEBRUARY 25, 2025

Common strategic decisions include property renovations, lease structuring, and pricing adjustments. Property management software helps landlords automate rent collection, track expenses, and manage leases easily. Our solutions include online applications, resident screening, lease management, and automated rent payments.

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MRI Software

DECEMBER 6, 2023

It’s crucial to explore effective renewal incentives that can encourage your existing tenants to stay and renew their leases. These gestures make tenants feel valued, making lease renewals more likely. This can help tenants save on energy expenses, making lease renewals more appealing.

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MRI Software

DECEMBER 4, 2024

You can instantly track rent payments, maintenance issues, and lease renewals. These tools help you track rent payments, monitor lease renewals, and generate detailed reports on your propertys overall performance. Real-time data access Real-time data access ensures that you always have the latest information on your properties.

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MRI Software

DECEMBER 12, 2024

Whether its missed rent payments or a lease violation, understanding why tenants default and how to address these issues is key to protecting your rental business. Tenant default happens when a tenant fails to meet the terms of their lease agreement. What is tenant default? Send monthly rent reminders or payment confirmations.

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MRI Software

APRIL 23, 2024

Information comes from leases, work orders, energy usage alarms, sensors, and more. Even if your lease management , facilities and finance teams are doing a great job, money can still be wasted if their data isn’t being shared with each other. That’s an uncomfortable question because the answer is also likely yes.

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MRI Software

SEPTEMBER 8, 2024

Differences include shorter lease terms aligned with academic calendars, pre-furnished units, and an emphasis on communal living. Such software allows landlords to handle the complexities of student housing, from managing shorter lease terms aligned with academic calendars to ensuring seamless communication with residents.

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MRI Software

MARCH 6, 2024

It reflects how successful the landlords and property managers are at encouraging tenants to renew their leases rather than moving elsewhere. It involves a simple percentage calculation where you divide the number of tenants who have renewed their leases by the total number of tenants whose leases were set to expire within a given timeframe.

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MRI Software

NOVEMBER 4, 2024

Let’s take a look at these components in detail: Rent payments: This is the primary cost you’ll face, though it can also include extra fees, such as common area maintenance (CAM), depending on the lease agreement. By using data to highlight areas where you’re paying more than necessary, you can negotiate more favorable lease conditions.

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MRI Software

SEPTEMBER 12, 2024

Differences between a pet fee and a pet deposit An apartment pet fee is a one-time, non-refundable charge collected at the start of a lease. A pet deposit is a refundable amount collected at the beginning of the lease. Happy tenants are more likely to renew leases, which reduces turnover and associated costs.

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MRI Software

DECEMBER 3, 2024

Theyre responsible for everything from filling vacancies and managing leases to resolving tenant issues. A property manager also handles lease renewals to ensure a smooth transition at the end of each tenancy. The types of leases and tenant expectations are also different. What does a residential property manager do?

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MRI Software

DECEMBER 1, 2024

A positive tenant experience also plays a significant role in encouraging lease renewals, which helps maintain a steady income. Tenants who feel valued and cared for are more likely to renew their leases, reducing turnover and helping keep your revenue stable.

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MRI Software

SEPTEMBER 29, 2024

Offering short-term leases or furnished units can also boost rental income, as these options often command higher rents. Real estate management software can help manage leases, maintenance requests, and tenant communications efficiently. They cater to tenants needing flexible housing solutions.

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Yardi Breeze

JANUARY 29, 2025

Finding the right software can have a big impact, so its often worth taking the time to do a demo or explore the latest innovations. Breeze clients benefit from the same things that bigger companies do, such as online portals, chatbots and automation tools for marketing and leasing. Thats a huge number. This is a big focus for us.

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MRI Software

FEBRUARY 28, 2025

Offering flexible lease terms and work-friendly environments can help landlords stay competitive in this evolving landscape. For landlords, adopting multifamily management software can streamline operations by automating lease renewals, rent collection, and maintenance requests.

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MRI Software

OCTOBER 17, 2023

Commercial property managers know that effective commercial tenant retention and engagement doesn’t end when the lease is signed. Get a software demo Commercial Real Estate Software Increase efficiency, reduce costs, and maximize portfolio performance. This can boost tenant satisfaction and encourage them to renew their lease.

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MRI Software

DECEMBER 15, 2024

With tools like AI leasing assistants and digital rent portals, property managers can focus on strategic tasks while tenants enjoy smoother services. For example, digital lease signing means tenants dont need to visit your office, and AI tools can screen applicants in minutes instead of days.

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