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. While essential to the success of your property portfolio, maximizing resident occupancy can be challenging.

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MRI Software

DECEMBER 10, 2024

Answering these questions helps ensure the property resonates with your target market. Safety considerations Safety compliance is a non-negotiable part of residential property management. You should also assess the propertys structural integrity, ensuring it can safely accommodate its new use.

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MRI Software

OCTOBER 12, 2023

Fraud prevention The shift towards digital solutions in property management has brought along its share of challenges, among which is the growing threat of fraudulent activities. PropTech has been one of the useful residential property tech trends for fraud prevention.

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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.

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MRI Software

DECEMBER 12, 2024

Benefits of tenant default insurance Tenant rent default insurance is one of the key pillars of residential property management , offering peace of mind and financial stability for landlords. Check for exclusions: Be aware of policies that dont cover certain property types, like short-term rentals or uninhabitable units.

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MRI Software

OCTOBER 23, 2023

Artificial intelligence (AI) isn’t a dream of the future anymore – it’s here now, and it’s being used in industries across the globe, including in the residential real estate sector. This technology reduces risk through various functions, including ID verification, insurance management, and tenant screening. What is Multifamily AI?

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MRI Software

FEBRUARY 8, 2025

They also provide opportunities for tenants to negotiate future control or ownership of the property. Management responsibilities: The master tenant typically manages subleasing units, rent collection, and property maintenance.

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MRI Software

MARCH 25, 2025

Property managers are turning to AI leasing assistants to simplify operations, improve tenant experiences, and streamline lead management. From automating leasing workflows to providing 24/7 support, AI leasing assistants are becoming indispensable for property managers.

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MRI Software

NOVEMBER 4, 2024

Occupancy costs, also known as occupancy expenses, typically account for 35% to 50% of operating expenses for multifamily properties. These costs include rent, utilities, maintenance, property taxes, and insurance, making them a significant portion of your overall operating costs.

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MRI Software

SEPTEMBER 2, 2024

According to a recent survey , 78% of residents prioritize customer service when choosing where to live​ Ensuring a great experience from the first day can set your properties apart. Strategies and techniques for building a brand identity for multifamily properties Branding is essential for multifamily residential property management.

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MRI Software

DECEMBER 5, 2024

Manage your rental income with MRI Software’s powerful property management tools MRI Software offers a suite of multifamily property management solutions designed to make your life as a landlord easier.

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MRI Software

MARCH 23, 2025

For example, pooling resources with other investors in a syndication can reduce upfront costs and help you access larger properties. Implement effective property management Effective property management is crucial for maintaining steady cash flow and keeping your tenants satisfied.

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MRI Software

MARCH 27, 2025

These grants for multifamily housing provide financial support to landlords who want to develop new units, renovate existing properties, or maintain affordable housing. If youre a landlord or property manager, understanding how to access this funding could unlock significant benefits for your tenants and your business.

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MRI Software

MARCH 26, 2025

Multifamily syndications are a powerful way for passive investors to build wealth without the hassles of hands-on property management. These investments let you benefit from rental income and property appreciation without the headaches of active property management.

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MRI Software

DECEMBER 15, 2024

This vacant residential property insurance covers specific risks associated with empty homes, such as theft, vandalism, or weather damage. Knowing the difference between the two is a key part of residential property management for all landlords.

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MRI Software

JUNE 2, 2024

MRI Software are leaders in innovative real estate software and in this article, we explore how AI is reshaping residential property management software and real estate CRM solutions. AI in real estate is transforming the industry by enhancing efficiency, accuracy, and customer experience.

Real Estate 52

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MRI Software

MARCH 20, 2025

Investing in multifamily apartments is one of the most promising real estate strategies for landlords and property managers. Multifamily properties provide financial stability and long-term growth opportunities, making them a reliable choice for building capital. Learn more Want to learn more about the latest from MRI?

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MRI Software

MARCH 24, 2025

Multifamily real estate syndication is one of the most effective ways to grow your wealth in real estate, offering access to larger properties and steady income streams. This investment strategy allows you to team up with other investors, making it easier to manage costs and maximize returns.

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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.

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MRI Software

APRIL 1, 2025

For landlords, this arrangement offers a more efficient and hands-off approach to property management. Potential challenges to consider in multifamily condo conversions While converting multifamily properties to condos can be rewarding, the process comes with its share of challenges. appeared first on MRI Software.

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