American Apartment Owners Association

NOVEMBER 11, 2024

Make Rent Collection a Breeze With our AI-powered approach, we have taken the stress out of delinquency management. We were able to help one of our operators avoid hiring two accounts receivables clerks, saving about $140,000 annually, as well as boost their rent collection rate from 80% to 96.5%. Schedule your demo now to get started.

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Landlord Property Manager Property Management Maintenance 234

Buildium

MARCH 19, 2025

Signage A simple “For Rent” sign in front of your property can grab local attention, especially if your property is in a high-traffic area. You can test out Buildiums software with a free, 14-day trial or a guided demo. Start implementing these strategies to boost your propertys visibility and draw in the right tenants.

Rental Property 130

Rental Property Landlord Property Media 130

Buildium

MARCH 19, 2025

If youre renting out your property, its only a matter of time before youll need to make an emergency repair, conduct a routine inspection, or invest in preventative maintenance. Because maintenance is such an important and constant responsibility for landlords, it pays to have software that can help lighten the load.

Property Maintenance 130

Property Maintenance Maintenance Landlord Rental Property 130

Buildium

MARCH 3, 2025

At its core, automation reduces the manual work required to complete everyday tasks, such as rent collection or marketing listings. Property management software systems typically include online portals and apps that make it easy for tenants to complete important tasks like paying rent, even while on the go.

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Property Management Property Manager Tenant Management 147

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. Between 2001 and 2022, for example, rents rose by 21%—while renters’ incomes rose by just 2%.

Property Manager 246

Property Manager Property Management Management Property 246

Buildium

DECEMBER 30, 2024

For example, you can deduct the rent and utilities you spend for an office or other workspace outside of your home. If you rent equipment or vehicles, the rent you pay is fully deductible. If you rent equipment or vehicles, the rent you pay is fully deductible. Mistake #5: Waiting to File 1099s We get it.

Property Management 245

Property Management Property Manager Management Property 245

MRI Software

FEBRUARY 12, 2025

These services typically include tenant screening, lease management, rent collection, and property maintenance, among others. Rent collection: Modern systems ensure on-time payments and enforce lease terms when necessary. Below are some of the top advantages these services provide.

Landlord 52

Landlord Residential Property Management Residential Property Management Residential Property 52

MRI Software

FEBRUARY 11, 2025

They allow landlords to identify discrepancies in rent payments, lease terms, or operational policies that could lead to financial risks. Check for key details like rent amounts, lease durations, tenant names, and signatures to ensure they align with your rent roll. What is the purpose of lease audits?

Lease 52

Lease Landlord Lease Agreement Property 52

American Apartment Owners Association

NOVEMBER 11, 2024

Make Rent Collection a Breeze With our AI-powered approach, we have taken the stress out of delinquency management. We were able to help one of our operators avoid hiring two accounts receivables clerks, saving about $140,000 annually, as well as boost their rent collection rate from 80% to 96.5%. Schedule your demo now to get started.

Landlord 130

Landlord Property Manager Property Management 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. In previous years, landlords could offset increased expenses by passing the costs on to tenants in the form of rent hikes. These older models rely heavily on rent as the primary source of income.

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. In previous years, landlords could offset increased expenses by passing the costs on to tenants in the form of rent hikes. These older models rely heavily on rent as the primary source of income.

Landlord 130

Landlord Insurance Real Estate Management Real Estate Management 130

Fourandhalf

AUGUST 22, 2024

Look for features that allow you to easily track tenant information, lease agreements, rent payments, and communication history. Automated reminders and notifications for rent due dates or lease renewals can also enhance tenant satisfaction and reduce administrative workload. Maintenance requests can be easily tracked and managed.

Property Management Software 174

Property Management Software Property Management Property Manager Management 174

MRI Software

OCTOBER 17, 2023

Despite rent being a substantial monthly expense, it historically didn’t contribute to a renter’s credit score. Since around 2014, the scenario shifted when credit bureaus started including verified rent payment data in credit reports, known as rent reporting.

Property Management 52

Property Management Property Manager Rent Management 52

MRI Software

OCTOBER 18, 2023

With this age group, paying bills online has become the norm, and their rent is no exception. For property managers hoping to collect more digital rent payments rather than paper checks, the first step is to encourage resident adoption. Why is online rent payment important? What are the benefits of online rent payments?

Rent 52

Rent Property Manager Property Management Tenant 52

MRI Software

FEBRUARY 5, 2025

Using multifamily property management software can help streamline rent collection, maintenance scheduling, and communication for properties with many tenants. Properties with two to four units typically qualify for residential loans, which are easier to secure and offer lower interest rates. appeared first on MRI Software.

Property 52

Property Finance Rental Income Single-Family Home 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? Why landlords might consider renting out commercial property as residential More landlords are exploring this route due to the shifting dynamics of the real estate market.

Commercial Property 52

Commercial Property Landlord Rent Residential Property Management 52

MRI Software

FEBRUARY 12, 2025

With additional features such as online applications, renters insurance, and digital rent payments, MRI Software helps landlords create safer, more efficient communities while building trust with residents and staff.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

MARCH 5, 2025

Renting out property can be a great way to generate income, but it also comes with potential financial risks. If you rent out a property that you dont live in, most mortgage lenders will require you to have this insurance. Get a demo The post Do I need landlord liability insurance?

Insurance 52

Insurance Landlord Rental Property Tenant 52

MRI Software

JULY 26, 2024

Proactive engagement in lease negotiations, including seeking concessions on rent, operating expenses, and renewal options, can help optimize lease terms and reduce costs. Miscalculating Turnover Rent Turnover rent calculations can be complex, leading to potential overpayments if not managed properly.

Lease 52

Lease Tenant Lease Agreement Landlord 52

MRI Software

DECEMBER 12, 2024

were behind on their rent payments in 2021? A missed rent payment can create a domino effect of financial challenges. Tenant default insurance is a financial safety net for landlords when tenants fail to pay rent. Tenant rent default insurance ensures landlords stay financially secure even during tenant-related disruptions.

Rental Income 52

Rental Income Insurance Landlord Tenant 52

MRI Software

DECEMBER 2, 2024

Loss to lease is the difference between the current market rent and the rent youre actually collecting from your tenants. This gap often occurs when long-term tenants are paying rents that are below the market value or when market rents increase faster than your lease agreements can adjust.

Lease 52

Lease Real Estate Rental Income Lease Agreement 52

MRI Software

FEBRUARY 3, 2025

Begin by reviewing the rent roll to see how income is distributed across units and verify that tenants are paying market rates. If one or more units are significantly under-rented, it may present an opportunity to increase rents upon lease renewal. How long have tenants been in place, and what is the rent roll?

Property 52

Property Finance Tenant Rent 52

MRI Software

DECEMBER 15, 2024

now pay their rent online, reflecting a growing demand for digital convenience. This guide will explore key strategies and tools to help you automate property management tasks like rent collection, tenant communication, and maintenance management. For example: Chatbots can instantly answer questions like, When is rent due?

Property Manager 52

Property Manager Property Management Management Property 52

MRI Software

MAY 10, 2024

Economic occupancy provides insights into the property’s income efficiency by comparing actual rent collected to potential maximum rent, enabling managers to optimize rental income and lease management strategies. This percentage indicates how effectively the property is generating income relative to its full potential.

Residential Property Management 52

Residential Property Management Residential Property Management Rental Income Residential Property 52

MRI Software

AUGUST 2, 2024

For property managers, this process is not just about confirming that a tenant can meet their rent obligations; it’s about establishing trust and reducing financial risk, creating a stable and reliable basis for accounting and investment. Pay Stubs and Tax Returns Pay stubs and tax returns are common income verification tools.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

FEBRUARY 10, 2025

Residential management goes beyond collecting rent, its about creating a system that works for both you and your tenants. Residential leasing management is the process of handling everything related to rental property leases, including tenant relations, rent collection, and legal compliance. What is residential leasing management?

Lease 52

Lease Property Management Property Manager Management 52

MRI Software

DECEMBER 1, 2024

What managing an apartment complex entails Managing an apartment complex involves far more than simply collecting rent. Youll need to coordinate repairs, address tenant concerns promptly, and ensure that rent is collected on schedule.

Apartment 52

Apartment Management Property Property Manager 52

MRI Software

DECEMBER 4, 2024

You can instantly track rent payments, maintenance issues, and lease renewals. For example, tracking rent payments in real-time helps you quickly address delinquent accounts. These tools help you track rent payments, monitor lease renewals, and generate detailed reports on your propertys overall performance.

Management 52

Management Property Management Software Property Manager Property Management 52

MRI Software

DECEMBER 12, 2024

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. This often includes non-payment of rent, but it could also involve damaging property or breaking other lease terms like unauthorized subletting. What is tenant default?

Tenant 52

Tenant Lease Agreement Insurance Property Management Software 52

MRI Software

FEBRUARY 9, 2025

These fees typically cover essential tasks like tenant screening, rent collection, and property maintenance. For instance, if your multifamily property generates $15,000 in monthly rent, a 7% fee would cost you $1,050. As an example, you might pay a $500 flat fee plus 4% of monthly rent.

Rental Management 52

Rental Management Management Property Manager Property Management 52

MRI Software

DECEMBER 8, 2024

Instead of juggling spreadsheets, phone calls, and paper files, you can do everything in one placefrom tracking rent payments to scheduling maintenance. Efficiency Imagine how much smoother things would run if you didnt have to manually collect rent or chase down maintenance issues. Rent reminders? Automatically sent.

Property Management 52

Property Management Property Manager Real Estate Management 52

MRI Software

NOVEMBER 26, 2024

A corporate lease is a rental agreement where a business rents one or more residential units to provide housing for its employees. In a corporate lease, the business is the primary tenant, and it is responsible for paying the rent, while employees or contractors occupy the units. What is a corporate lease?

Residential Property 52

Residential Property Lease Property Management Property Manager 52

MRI Software

FEBRUARY 8, 2025

The master tenant can sublease units, collect rent, and handle operations, while the landlord enjoys a fixed income. Management responsibilities: The master tenant typically manages subleasing units, rent collection, and property maintenance. Agree on a fair fixed rent that guarantees stable income for the landlord.

Lease Agreement 52

Lease Agreement Lease Real Estate Landlord 52

MRI Software

DECEMBER 7, 2024

The BRRRR strategyBuy, Rehab, Rent, Refinance, Repeatcan help you tap into this lucrative market and build wealth faster. The key idea is to buy a property, rehab it to increase its value, rent it out to generate cash flow, refinance to pull out your initial investment, and then repeat the process with another property.

Finance 52

Finance Real Estate Rental Income Apartment 52

MRI Software

NOVEMBER 4, 2024

These costs include rent, utilities, maintenance, property taxes, and insurance, making them a significant portion of your overall operating costs. Beyond rent, these costs consist of property taxes, utilities, insurance, and maintenance fees. What are my actual occupancy costs and how to calculate them?

Utilities 52

Utilities Insurance Property Management Software Property Manager 52

MRI Software

DECEMBER 16, 2024

If youre renting out a residential property, protecting your investment isnt just smartits essential. Landlord residential insurance is a policy designed to protect property owners who rent out their homes. Landlord insurance, on the other hand, is specifically designed for properties rented out to tenants.

Residential Property 52

Residential Property Insurance Property Landlord 52

MRI Software

OCTOBER 17, 2023

Get a software demo Property Management Software Multi-discipline technology for property owners, investors and occupiers. From tracking rent payments to managing maintenance requests and communicating with tenants, the list goes on. A property management SaaS software provides a centralized platform for all data.

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