Remove Demo Remove Real Estate Management Remove Rental Income
article thumbnail

Multifamily property lease audits: Best practices for landlords

MRI Software

Proactive management ensures consistent occupancy and protects your propertys cash flow. Regularly updating lease terms during audits minimizes disruptions and supports a more predictable rental income. If leases dont clearly outline who is responsible for repairs, disputes can arise when something goes wrong.

Lease 52
article thumbnail

What is effective gross income: A landlord’s guide to boosting profitability in multifamily properties

MRI Software

Calculating effective gross income (EGI) Calculating EGI involves several steps to ensure accuracy. First, determine the potential gross income (PGI), which is the total rental income if the property is fully occupied. To boost EGI, you need to increase rental income and reduce losses.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Top 5 lease management software features

MRI Software

Advanced Reporting System You need lease management software with a robust reporting system to gain valuable insights into your lease portfolio. This allows you to generate comprehensive reports on lease expirations, rental income, occupancy rates, etc.

Lease 52
article thumbnail

Investor’s guide to multifamily real estate syndication

MRI Software

Imagine you and a group of friends want to buy a $5 million apartment complex; alone, it’s out of reach, but by pooling your resources, each of you can own a slice of the pie and benefit from both rental income and potential property appreciation. This regular cash flow can be especially beneficial in markets with strong rental demand.