MRI Software

NOVEMBER 26, 2024

For landlords and property managers, understanding corporate leases can help optimize rental strategies and reduce vacancy rates. In contrast, a personal lease is signed by an individual who is directly responsible for living in the property and handling rental payments. What is a corporate lease apartment?

Residential Property 52

Residential Property Lease Property Manager 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. What is landlord residential insurance? Why is it important to have landlord insurance?

Residential Property 52

Residential Property Insurance Property Landlord 52

MRI Software

AUGUST 5, 2024

As a landlord or property manager, it’s essential that you meet these multifamily housing trends to attract and retain tenants. In this guide, we highlight the multifamily technology trends that are here to stay and why they are essential for modern residential properties. What is multifamily technology?

Tenant 64

Tenant Property Management Software Residential Property Property Manager 64

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. In this guide, we explain how to maximize residential property occupancy.

Rental Property 52

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

MRI Software

DECEMBER 10, 2024

This is making many commercial landlords wonder, can you rent out commercial property as residential to address the housing crisis or boost property income? Whether youre wondering if converting commercial property to residential use is possible, or simply looking for tips on how to get started, this guide has you covered.

Commercial Property 52

Commercial Property Landlord Rent Residential Property Management 52

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. In this guide, we look at what AI multifamily is, its functions, and how it is benefitting residential property managers by reducing risk and saving time.

Property 52

Property Insurance Property Manager Property Management 52

MRI Software

DECEMBER 8, 2024

Managing multifamily properties can be a daunting task, but technology is changing the game. Property management systems (PMS) have become essential tools for landlords and property managers. What is a property management system (PMS)? No more digging through email threads or folders trying to find what you need.

Property Manager 52

Property Manager Property Management Real Estate Management 52

MRI Software

DECEMBER 12, 2023

Understanding multifamily properties in today’s real estate market is essential for investors and property managers. For investors, these properties present lucrative opportunities for diversifying portfolios and securing long-term income streams. What is a multifamily property?

Single-Family Home 52

Single-Family Home Property Property Management Software Property Manager 52

MRI Software

MAY 10, 2024

Understanding economic occupancy and physical occupancy is essential for effective residential property management as it allows for in-depth assessment of the financial health of properties and make informed decisions. What is physical occupancy? How to calculate physical occupancy? A rate close to 93.8%

Residential Property Management 52

Residential Property Management Residential Property Management Rental Income Residential Property 52

MRI Software

DECEMBER 11, 2023

Multifamily properties, encompassing properties from duplexes to apartment complexes, are a unique category in the real estate sector. Multifamily properties are distinct in that they contain multiple, separate living units within a single building or a complex.

Commercial Property 52

Commercial Property Residential Property Finance Retail 52

MRI Software

DECEMBER 12, 2024

For instance, if a tenant loses their job or unexpectedly leaves the property, tenant rent default insurance can step in to minimize your losses. Importance of tenant rent default insurance for landlords Landlords often depend on rent payments to cover their propertys mortgage, maintenance, and taxes.

Rental Income 52

Rental Income Insurance Landlord Tenant 52

MRI Software

DECEMBER 4, 2024

Multifamily zoning regulations are a crucial part of urban planning, shaping how land can be used for residential development. As demand for higher-density housing continues to grow, property managers and investors need to understand the basics of zoning for multifamily developments to make informed decisions.

Regulation 52

Regulation Government Residential Property Applications 52

MRI Software

SEPTEMBER 8, 2024

Understanding the distinctions and overlaps between student housing and multifamily properties is crucial for landlords and property managers. An overview of multifamily housing in detail Multifamily housing encompasses various residential properties designed to accommodate multiple families or individuals.

Property Manager 52

Property Manager Property Management Real Estate Landlord 52

MRI Software

DECEMBER 13, 2023

For property managers and management companies, staying ahead of these trends is crucial for success and growth. The top 6 trends in multifamily housing Understanding and adapting to multifamily housing trends is key for property managers and management companies aiming to stay relevant and competitive in the rapidly evolving market.

Property Management Software 52

Property Management Software Property Manager Property Management Apartment 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 Manager Property Management 52

MRI Software

FEBRUARY 8, 2025

Master leases are transforming the way multifamily properties are managed, offering landlords reliable income and opportunities for profit. These agreements are gaining popularity as an effective strategy for streamlining property operations and maximizing returns. Lets explore the essential elements of these lease agreements.

Lease Agreement 52

Lease Agreement Lease Real Estate Landlord 52

MRI Software

FEBRUARY 25, 2025

Multifamily properties account for over 40% of rental units in the United States, making them a significant part of the real estate market. Managing these properties effectively requires more than just collecting rent; it involves strategic planning, financial oversight, and operational efficiency. What is multifamily asset management?

Landlord 52

Landlord Management Property Management Software Property Manager 52

MRI Software

SEPTEMBER 2, 2024

In today’s competitive property market, standing out is more crucial than ever. Properties with strong brand identities can see up to 23% higher rental income and 20% faster lease-up rates. This means that multifamily branding not only attracts potential residents but also significantly enhances property value.

Apartment 52

Apartment Media Residential Property Management Residential Property Management 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

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.

Utilities 52

Utilities Insurance Property Management Software Property Manager 52

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. What is multifamily apartment investing?

Apartment 52

Apartment Single-Family Home Finance Landlord 52

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.

Lease Agreement 52

Lease Agreement Lease Landlord Compliance 52

MRI Software

MARCH 25, 2024

Economic occupancy is a crucial metric often discussed in property management and investment. 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.

Real Estate 52

Real Estate Property Management Software Rent Tenant 52

MRI Software

MARCH 27, 2025

Multifamily housing grants can be a game-changer for property owners looking to improve or expand their rental properties. These grants for multifamily housing provide financial support to landlords who want to develop new units, renovate existing properties, or maintain affordable housing.

Government 52

Government Applications Applicants Landlord 52

MRI Software

MARCH 23, 2025

Your timeline and risk tolerance will help you refine these goals and determine the type of properties that best suit your needs. For instance, if cash flow is your focus, targeting properties with strong rental demand and reliable tenants should be a priority.

Property Manager 52

Property Manager Property Management Tenant Transportation 52

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. For example, an equity multiple of 2.0

Rental Income 52

Rental Income Property Manager Property Management Real Estate 52

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.

Lease 52

Lease Property Manager Property Management Tenant 52

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. Efficiency and Time Saving AI significantly enhances efficiency in real estate by streamlining property searches and transactions.

Real Estate 52

Real Estate Government Residential Property Management Residential Property Management 52

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. Whether you’re a landlord or property manager, syndication can help you scale your portfolio without the day-to-day hassles of managing properties alone.

Real Estate 52

Real Estate IT Rental Income Apartment 52

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.

Media 52

Media Property Management Software Tenant Lease 52

Buildium

APRIL 7, 2025

Taking these simple steps to prepare can help reduce the risk of pricey property damage and, more importantly, keep your residents safe. Plot out which tasks will be managed by each person, such as determining who will alert residents, or who will prepare the property to minimize damage.

Property Management 246

Property Management Property Manager Management Property 246

MRI Software

APRIL 1, 2025

Condos have become a popular choice for buyers seeking affordable and low-maintenance homeownership, and this trend has sparked interest among multifamily property owners. Many landlords are now exploring the potential of converting their rental properties into condominiums to unlock new opportunities for income and investment.

IT 52

IT Property Single-Family Home Condominium 52