Buildium

DECEMBER 30, 2024

Having property management software with accounting features can help you do that. A good property management software will have accounting tools tailored to the needs of property managers, who are handling not only their finances, but those of their ownersnot to mention security deposits from tenants.

Property Management 245

Property Management Property Manager Management Property 245

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. In this guide, we explain how to maximize residential property occupancy. What is a rental occupancy rate? Multiply the result by 100 to get a percentage.

Rental Property 52

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

MRI Software

FEBRUARY 24, 2024

This package goes above the necessities of a rental property by offering additional perks that can impact tenant satisfaction and loyalty. These benefits are carefully chosen to meet the evolving needs of modern tenants, aiming to provide a more comfortable and convenient rental experience.

Tenant 52

Tenant Property Management Software Insurance Maintenance 52

MRI Software

AUGUST 1, 2024

As a result, daily updates are uncommon, and the property manager takes on a greater role in handling the day-to-day management tasks independently. Hands-Off Approach and Remote Oversight Passive property management often involves overseeing rental properties from a distance.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

DECEMBER 12, 2023

Property managers with these properties in their portfolios will need to know how to navigate the unique challenges and rewards that come with managing homes for multiple families. What is a multifamily property? appeared first on MRI Software. Who are multifamily homes best for?

Single-Family Home 52

Single-Family Home Property Property Management Software Property Management 52

MRI Software

DECEMBER 16, 2024

Owning rental properties can be rewarding, but without the right insurance, a single incident could cost you thousands of dollars. If youre renting out a residential property, protecting your investment isnt just smartits essential. It protects against risks like fire and theft but doesnt extend to rental properties.

Residential Property 52

Residential Property Insurance Property Landlord 52

MRI Software

MAY 10, 2024

suggests a balance between having a few available units for new tenants and ensuring the property is not underutilized. Economic occupancy is a metric that evaluates the actual income a rental property is generating in comparison to its potential maximum income. A rate close to 93.8% What is economic occupancy?

Residential Property Management 52

Residential Property Management Residential Property Management Rental Income Residential Property 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

Understanding this percentage is crucial to evaluating the financial performance of your property. Understanding and tracking occupancy expenses Tracking occupancy expenses means accounting for all the costs of keeping your rental property operational. Get a demo The post What are occupancy costs?

Utilities 52

Utilities Insurance Property Management Software Property Management 52

MRI Software

MARCH 25, 2024

At its core, economic occupancy serves as a measure for the financial performance of rental properties. It measures the ratio of actual income generated by a property compared to its potential income if all units were leased at market rates. Get a demo The post What is Economic Occupancy in Real Estate?

Real Estate 52

Real Estate Property Management Software Rent Tenant 52

MRI Software

AUGUST 2, 2024

When it comes to selecting the right tenant for a rental property, verifying income is a crucial step in ensuring a smooth and successful tenancy. Compliance involves using background checks only for permissible purposes, such as assessing a tenant’s suitability for a rental property.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

FEBRUARY 9, 2025

Managing rental properties can be time-consuming, which is why many property owners turn to property management companies for help. This guide will take you through calculating residential rental management fees, exploring common fee structures, and optimizing your costs for maximum profitability.

Rental Management 52

Rental Management Management Property Management Property Manager 52

MRI Software

FEBRUARY 20, 2024

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. The software also tracks insurance status and sends reminders for policy renewals, helping keep everyone protected.

Insurance 52

Insurance Rental Unit Landlord Electronics 52

MRI Software

FEBRUARY 2, 2025

These property types offer unique benefits, depending on whether youre looking for a low-maintenance home, a rental property, or a mix of both. Residential multifamily homes qualify for traditional home loans, but commercial properties require higher down payments and have shorter loan terms.

Finance 52

Finance Commercial Property Single-Family Home Maintenance 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 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

MARCH 22, 2024

Here’s a springtime home maintenance checklist for the interior of your rental properties: Check screen doors and windows It’s important to check screen doors and windows for any tears or holes. Get your home in working order in spring Using multifamily property management software can simplify your spring maintenance tasks.

Maintenance 52

Maintenance Tenant Property Management Software Property Management 52

MRI Software

FEBRUARY 27, 2025

Selling the property Selling a rental property is a common reason landlords consider early lease termination. Some buyers may prefer to purchase a property without tenants, making it necessary to end the lease early. When and how to terminate a lease early appeared first on MRI Software.

Lease 52

Lease Landlord Lease Agreement Tenant 52

Avantio

JUNE 3, 2024

This metric helps investors understand the overall performance of their rental properties. Schedule a discovery call with one of the team today and find out how our innovative property management solutions can help you achieve your full revenue potential. Book a demo Interested?

Rental Income 52

Rental Income Regulation Property Management Property Manager 52

Avantio

JUNE 3, 2024

It demonstrates the experiences of both guests and hosts, giving valuable insight into the chosen accommodation and visitors who will be staying at the property. On the flip side, negative reviews help Airbnb to maintain standards as well as protect other hosts from potentially horrible experiences and damage to their properties.

Airbnb 52

Airbnb Property Management Property Manager Management 52

Buildium

APRIL 3, 2025

Use this home maintenance checklist to prepare your properties for the months ahead, make any repairs caused by the past season, and get ahead of common maintenance issues in the spring and summer. Spring is the perfect time to address regular maintenance and prepare your property for the upcoming warmer weather.

Maintenance 236

Maintenance Property Management Property Manager Management 236

Buildium

APRIL 7, 2025

This can help protect their own property and reduce the risk of damage to your building. Rental properties with attached decks can be particularly vulnerable to wildfires. For the well-being of your business, property, and tenants, take steps today to prepare and you’ll be in a much better position down the line.

Property Management 246

Property Management Property Manager Management Property 246

MRI Software

AUGUST 4, 2024

This centralized system ensures that no request is missed and allows you to prioritize and manage tasks more efficiently. By using property management software , you can automatically assign tasks to the appropriate personnel and set deadlines based on the urgency of the request.

Property Management Software 52

Property Management Software Property Management Property Manager Media 52

Propertyware

DECEMBER 29, 2023

Meanwhile, 90% of renters are interested in completing at least some (if not all) rental processes online. This tech-driven approach will improve tenant experiences and make property management more efficient. REITs are companies that own and run rental properties purely for investment purposes.

Single-Family Home 52

Single-Family Home Property Management Property Manager Tenant 52

Tokeet

MARCH 6, 2025

Key Takeaways from the AdvanceCM Launch Webinar At Tokeet, we are excited to introduce AdvanceCM , the first AI-native property management software designed specifically for multi-rental businesses. It grew rapidly, achieving 60,000 properties by focusing on customer needs and maintaining strong support.

Property Management 52

Property Management Property Manager Property Management Software Airbnb 52