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?

Lease 52

Lease Real Estate Rental Income Lease Agreement 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. What is a corporate lease?

Residential Property 52

Residential Property Lease Property Management Property Manager 52

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. It sends payment reminders through various channels, including calls, texts, emails, and even mailed notices, making sure tenants get the message loud and clear.

Landlord 136

Landlord Property Management Maintenance Property Manager 136

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?

Lease 40

Lease Lease Agreement Landlord Tenant 40

MRI Software

DECEMBER 12, 2024

Tenant default is a challenge many landlords and property managers face, often causing financial stress and operational disruptions. 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. What is tenant default?

Tenant 52

Tenant Lease Agreement Property Management Software Insurance 52

MRI Software

FEBRUARY 24, 2024

A tenant benefit package is a curated collection of services and amenities designed to enhance the living experience of renters. This package goes above the necessities of a rental property by offering additional perks that can impact tenant satisfaction and loyalty. The expectations of tenants are also evolving.

Tenant 52

Tenant Property Management Software Insurance Maintenance 52

MRI Software

FEBRUARY 26, 2024

Effective tenant communication is an essential element of successful multifamily property management. The way you communicate can significantly impact tenant satisfaction, influence how conflicts are resolved, and play a major role in the overall management of your property.

Tenant 52

Tenant Maintenance Property Management Software Property Management 52

MRI Software

FEBRUARY 16, 2024

Securing great tenants is key to the success of any multifamily property. These are the tenants who pay their rent on time, respect property rules, get along with their neighbors, and maintain their units. Finding these dream tenants can be a real challenge for property managers and landlords. What is a tenant referral program?

Tenant 52

Tenant Property Management Software Lease Property Management 52

MRI Software

OCTOBER 17, 2023

In the competitive commercial real estate market, commercial tenant retention is more critical than ever. Retaining your commercial tenants means having a consistent and predictable income stream, as well as avoiding the costs of tenant turnover.

Commercial Property 52

Commercial Property Tenant Property Lease 52

MRI Software

DECEMBER 3, 2024

Property management is one of the most important factors that tenants consider when it comes to property satisfaction. 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.

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property Management 52

MRI Software

DECEMBER 5, 2023

High tenant turnover rates come with a host of challenges for property managers. Acquiring new tenants can be disruptive and costly, often involving strategic marketing, lead nurturing, tenant screening, and unit viewings or preparation. This makes tenant retention a top priority for multifamily property managers.

Tenant 52

Tenant Lease Maintenance Property Management Software 52

MRI Software

DECEMBER 12, 2024

This guide will walk you through everything you need to know about tenant default insurance. From how it works and why its crucial, to tips on choosing the best policy, youll gain the insights needed to protect your rental income and stay ahead of unexpected tenant defaults. What is tenant default insurance?

Rental Income 52

Rental Income Insurance Landlord Tenant 52

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?

Lease 52

Lease Management Lease Agreement Property 52

MRI Software

FEBRUARY 18, 2024

This blog offers comprehensive guidance on how to deal with tenant noise complaints in multifamily properties. Whether it’s the footsteps of tenants in the hallway or the odd occurrence of a barking dog, general noise is to be expected when living in a multifamily property. Are landlords liable for tenant noise?

Tenant 52

Tenant Lease Agreement Property Management Software Property Management 52

MRI Software

SEPTEMBER 5, 2024

Effective strategies can help you attract and retain tenants, ensuring your properties stay profitable and appealing to investors. Achieving high occupancy rates is about more than just filling vacancies; it’s about creating a desirable living environment for modern tenants.

Apartment 52

Apartment Tenant Property Management Software Property Management 52

MRI Software

DECEMBER 9, 2023

Dealing with multifamily tenant complaints is an inevitable part of property management. Tenant complaints will vary widely, from noisy neighbors to burst pipes to concerns about sustainability in multifamily properties. In this blog, we outline how to deal with multifamily tenant complaints.

Tenant 52

Tenant Property Management Software Property Management Property Manager 52

MRI Software

AUGUST 6, 2024

As one of the top multifamily technology trends , IoT enables you to enhance operational efficiency and tenant satisfaction. These advancements make your property more attractive to tech-savvy tenants and easier to manage. In this guide, we explain how IoT property management is enhancing tenant experience and community engagement.

Tenant 52

Tenant Property Management Property Manager Apartment 52

MRI Software

AUGUST 2, 2024

Setting up an apartment complex recycling program is the first step; next, you need to educate your tenants. Educating tenants is crucial because it ensures everyone knows how to recycle correctly, reduces contamination of recycling bins, and promotes a sustainable community.

Education 52

Education Tenant Apartment Property Management 52

MRI Software

DECEMBER 8, 2024

These programs not only reduce expenses but also create more eco-friendly, comfortable living spaces for tenants. In this blog, well explore how multifamily energy savings benefit property managers, owners, and tenants alike. Energy-efficient buildings tend to attract more potential tenants, which can improve occupancy rates.

Property Management 52

Property Management Property Manager Tenant Management 52

MRI Software

AUGUST 1, 2024

Improving tenant satisfaction while keeping costs down and cashflow steady can be a challenge for landlords. An apartment amenity fee is a charge that you collect from tenants for the use of additional features and services within your multifamily property. Here’s what these fees entail: What is an amenity fee for apartments?

Tenant 52

Tenant Property Management Software Apartment Landlord 52

HOA Managememt

DECEMBER 10, 2024

is critical to both landlords and tenants. Meanwhile, tenants or squatters can protect their rights. Holdover Tenants. These are tenants whose leases have expired but remained on the property afterward. The squatters will turn into month-to-month tenants (with a tenancy-at-will). Demos, 599 So.

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Tenant Landlord Property IT 130

MRI Software

MARCH 6, 2024

Resident retention is a measure of a property’s ability to keep its tenants over time. It reflects how successful the landlords and property managers are at encouraging tenants to renew their leases rather than moving elsewhere. Maintaining a high retention rate is essential for multifamily properties.

Tenant 52

Tenant Lease Property Management Property Manager 52

MRI Software

DECEMBER 6, 2023

As a multifamily property manager, you understand the significance of tenant retention in the highly competitive rental market. High tenant turnover rates can lead to financial losses, operational challenges, and the need for continuous marketing efforts to fill vacancies.

Property Manager 52

Property Manager Property Management Management Property 52

MRI Software

DECEMBER 3, 2024

If you own a rental property or multifamily building, the day-to-day responsibilities of tenant management, property upkeep, and finances can quickly become overwhelming. Whether its collecting rent, scheduling repairs, or managing tenant requests, property managers ensure everything runs smoothly.

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property Management 52

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?

Real Estate 52

Real Estate Management IT Lease 52

MRI Software

SEPTEMBER 12, 2024

Having pet policies not only meets a demand but also keeps tenants happy and loyal. Adding an apartment pet fee or an apartment pet deposit can attract more tenants to your properties and boost your income. Pet fees or pet deposits are charges for tenants with pets. What are pet and deposit fees in multifamily apartments?

Apartment 52

Apartment Lease Agreement Lease Tenant 52

MRI Software

DECEMBER 1, 2024

Successful property investors must focus on balancing operational costs, ensuring tenant satisfaction, and optimizing day-to-day management. There are many aspects to consider, from handling tenant relations to overseeing maintenance, all while keeping operational costs in check.

Apartment 52

Apartment Management Property Property Management 52

MRI Software

DECEMBER 15, 2024

This guide will explore key strategies and tools to help you automate property management tasks like rent collection, tenant communication, and maintenance management. For multifamily properties, this means automating everything from rent collection to maintenance requests and even tenant communication.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

SEPTEMBER 29, 2024

Increasing rental income Increasing rental income can be achieved through property upgrades and enhanced tenant amenities. These upgrades not only attract new tenants but also encourage existing tenants to stay longer. They cater to tenants needing flexible housing solutions.

Property 52

Property Real Estate Rental Income Tenant 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. From simplifying lease renewals to ensuring robust tenant satisfaction, this software is packed with benefits. Enhances tenant satisfaction with improved communication and transparency.

Apartment 52

Apartment Management Property Management Software Property Management 52

MRI Software

DECEMBER 8, 2024

In this blog, well explore the benefits of a property management system, showing how it can simplify your operations, improve tenant relationships, and boost profitability. Think of it like having a virtual assistant that handles the day-to-day work, freeing up your time to focus on growing your business or improving tenant relationships.

Property Management 52

Property Management Property Manager Real Estate Management 52

MRI Software

AUGUST 3, 2024

In the competitive landscape of property management, tracking the right Key Performance Indicators (KPIs) is crucial for optimizing operational efficiency and enhancing tenant satisfaction. Occupancy Rate Indicates the percentage of rental units occupied by tenants. Operational KPIs for Property Management 1.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

SEPTEMBER 11, 2024

This blog will cover key strategies for investing in and managing these properties, ensuring you can maximize returns while maintaining tenant satisfaction. Property types: Ranges from apartment buildings to rental homes with multiple units, offering a mix of unit types to meet different tenant needs.

Real Estate 52

Real Estate Transportation Tenant Apartment 52

MRI Software

MARCH 25, 2024

It measures the ratio of actual income generated by a property compared to its potential income if all units were leased at market rates. For instance, if a 100-unit multifamily complex achieves an economic occupancy rate of 95%, it means that 95 out of 100 units are leased at market rates, maximizing revenue potential.

Real Estate 52

Real Estate Property Management Software Tenant Rent 52

MRI Software

DECEMBER 4, 2023

Evicting a tenant from your multifamily property is a situation that no property manager hopes to face. Circumstances such as non-payment of rent, lease violations, and property damage can make tenant eviction necessary. In this guide, we highlight the eviction process for multifamily tenants.

Lease Agreement 52

Lease Agreement Property Tenant Lease 52

MRI Software

NOVEMBER 28, 2023

Understanding the common area maintenance definition is vital for anyone involved in commercial real estate, whether landlords, tenants, or property managers. These shared spaces typically include lobbies, parking lots, elevators, restrooms, and landscaped areas that are used by multiple tenants.

Maintenance 52

Maintenance Lease Agreement Retail Commercial Property 52

MRI Software

APRIL 17, 2024

Since no one meant for it to happen, figuring out if you or your tenant is responsible for covering the costs can be tricky. You’ll find out what you and your tenants need to do if you ever face such an unfortunate situation. The responsibility can fall on either you or the tenant based on the specific situation.

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