Buildium

MARCH 19, 2025

From rent payments and security deposits to maintenance expenses and property taxes, software organizes this data in a user-friendly format. Accounting software can help by automatically calculating deductions, such as property depreciation and maintenance costs, and generating reports that are compatible with tax filing requirements.

Rental Property 130

Rental Property Landlord Property Utilities 130

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. In 2024, tenant quality emerged as the #1 concern for property management companies.

Property Management 246

Property Management Property Manager Management Property 246

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 234

Landlord Property Management Property Manager Maintenance 234

Fourandhalf

AUGUST 22, 2024

These might include individual lease agreements, tailored maintenance schedules, and personalized tenant communication. Core features are essential for the daily management of your properties and might include tenant management, maintenance management, and financial accounting.

Property Management Software 174

Property Management Software Property Management Property Manager Management 174

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. This guide explores how partnering with residential management services can save time, improve tenant satisfaction, and help you get the most out of your rental property investments.

Landlord 52

Landlord Residential Property Management Residential Property Management Residential Property 52

MRI Software

FEBRUARY 12, 2025

By understanding which safety meeting topics for multifamily housing help to engage and inform tenants, you can run these meetings easier and create a safer and more welcoming environment. Showing tenants how to use fire extinguishers or participate in evacuation drills makes the information memorable.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

FEBRUARY 11, 2025

Lease audits provide a clear understanding of tenant agreements and ensure compliance with legal and property guidelines. By conducting regular audits, you can safeguard your income and avoid costly disputes with tenants. Addressing these discrepancies promptly prevents financial confusion for both you and your tenants.

Lease 52

Lease Landlord Lease Agreement Property 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 130

Landlord Property Management Property Manager Maintenance 130

American Apartment Owners Association

OCTOBER 10, 2024

Meanwhile, inflation has made it harder for tenants to absorb rent increases, leaving landlords in a precarious position. Add to this the rising costs of maintenance, utilities, and taxes, and it becomes clear that the financial burden on landlords has grown significantly.

Landlord 130

Landlord Insurance Real Estate Management Real Estate Management 130

American Apartment Owners Association

OCTOBER 10, 2024

Meanwhile, inflation has made it harder for tenants to absorb rent increases, leaving landlords in a precarious position. Add to this the rising costs of maintenance, utilities, and taxes, and it becomes clear that the financial burden on landlords has grown significantly.

Landlord 130

Landlord Insurance Real Estate Management Real Estate Management 130

MRI Software

FEBRUARY 5, 2025

Each unit typically has its own kitchen, bathroom, and entrance, ensuring privacy and independence for its tenants. Multifamily properties come in various shapes and sizes, offering options for different types of landlords and tenants. A multifamily property is any residential building designed to house more than one household.

Property 52

Property Finance Rental Income Single-Family Home 52

MRI Software

AUGUST 15, 2024

Effective maintenance management is crucial for property managers looking to maintain and enhance the value of their assets. Establishing a maintenance contract ensures that your property’s needs are met consistently and efficiently, preventing unexpected issues and costly repairs. Evaluate your current maintenance practices.

Maintenance 52

Maintenance Tenant Property Management Property Manager 52

MRI Software

MARCH 7, 2025

Effective facilities maintenance management is essential for ensuring the longevity, safety, and efficiency of a buildings assets and infrastructure. What is Facilities Maintenance Management? It includes both the planning and execution of maintenance tasks to optimize the life cycle of these assets.

Maintenance 52

Maintenance Management Compliance Regulation 52

MRI Software

MARCH 5, 2025

Landlords may face various liability risks, from tenant injuries to property damage claims. It covers legal fees, medical expenses, and repair costs if a tenant or visitor is injured or if the property causes damage to neighboring properties. This can result in stronger tenant relationships and longer lease agreements.

Insurance 52

Insurance Landlord Tenant Rental Property 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. By consistently providing a high-quality living environment, you’re likely to see happier tenants and ensure high occupancy rates.

Property Maintenance 52

Property Maintenance Maintenance Property Tenant 52

MRI Software

JULY 26, 2024

Many real estate tenants unknowingly overpay on their leases, a costly oversight that can erode business profitability. As a tenant, understanding these potential pitfalls is crucial to safeguarding your financial health. Here are 6 common ways commercial tenants end up overpaying on their leases: 1.

Lease 52

Lease Tenant Lease Agreement Landlord 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

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

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

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 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

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 12, 2024

This is especially true when you rely on that income to cover mortgages, maintenance, and other expenses. This guide will walk you through everything you need to know about tenant default insurance. What is tenant default insurance? 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

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

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)?

Maintenance 52

Maintenance Lease Agreement Retail Commercial Property 52

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 Insurance Property Management Software 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

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 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 Manager Property Management 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. This makes it crucial to understand how to prepare before renewal dates, approach renewal conversations effectively, and handle tenant refusals. This gives tenants sufficient time to make their decision.

Lease 52

Lease Tenant Landlord Rent 52

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.

Lease 52

Lease Tenant Lease Agreement Broker 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

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

MRI Software

MARCH 1, 2025

Early lease termination by tenants can leave landlords dealing with unexpected vacancies and financial losses. It can disrupt your rental income and make finding new tenants quickly a challenge. This guide covers everything landlords need to know about early termination of lease agreement by tenants.

Lease 52

Lease Landlord Lease Agreement Tenant 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

HOA Managememt

DECEMBER 10, 2024

is critical to both landlords and tenants. Meanwhile, tenants or squatters can protect their rights. Squatters can assume maintenance responsibility, taking care of the land and ensuring it remains in good condition. Holdover Tenants. These are tenants whose leases have expired but remained on the property afterward.

Tenant 130

Tenant Landlord Property IT 130

MRI Software

FEBRUARY 10, 2025

Managing tenant turnover can be one of the most challenging aspects of rental property management. For landlords and property managers, effective residential leasing management is essential to reduce vacancies, attract quality tenants, and maintain a steady rental income. Background checks to identify past issues such as evictions.

Lease 52

Lease Property Management Property Manager Management 52