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.

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MRI Software

MARCH 2, 2025

Multifamily rental properties are among the most promising real estate investments available today. These properties offer landlords multiple income streams, making them a reliable way to build wealth and reduce financial risks. What is a multifamily rental property?

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Landlord Rental Property Single-Family Home Property 40

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.

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MRI Software

MAY 22, 2024

Fire damage to your rental property can come with devastating consequences. Without the right insurance, you will be left to deal with the financial strain of repairs and the loss of rental income alone. By understanding what each policy offers, you can make the best decision to protect your rental properties effectively.

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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. A rate close to 93.8% A rate close to 93.8% What is economic occupancy?

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Residential Property Management Residential Property Management Rental Income Residential Property 52

MRI Software

FEBRUARY 3, 2024

This is the scenario no landlord or property manager ever wants to encounter, yet it’s an essential aspect of multifamily property management to be prepared for. Landlord insurance offers a safety net for your rental properties, protecting you against the costs of unforeseen circumstances.

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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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Avantio

JUNE 3, 2024

Globally, Greece, Prague, and Tokyo offer strong tourism and rental income opportunities. Maximize Income with Strategies: Use professional property management, focus on guest experience with unique touches, and leverage effective marketing and listing techniques. Which are the top markets for short-term rentals globally?

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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. What is economic occupancy?

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Real Estate Property Management Software Rent Tenant 52

MRI Software

FEBRUARY 10, 2025

Managing tenant turnover can be one of the most challenging aspects of rental property management. For landlords and property managers, effective residential leasing management is essential to reduce vacancies, attract quality tenants, and maintain a steady rental income. What is residential leasing management?

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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.

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MRI Software

SEPTEMBER 10, 2024

You’ll also discover how MRI Software’s tools can streamline these efforts, making your property more profitable. Multifamily operating expenses are the regular costs that come with running and maintaining a rental property. What are multifamily operating expenses?

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MRI Software

DECEMBER 3, 2024

are rental properties? Managing these properties can be challenging, and thats where residential property management comes in. If you own a rental property or multifamily building, the day-to-day responsibilities of tenant management, property upkeep, and finances can quickly become overwhelming.

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property Management 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.

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Finance Commercial Property Single-Family Home Maintenance 52

MRI Software

DECEMBER 12, 2023

Homeowners who invest in a triplex can choose to live in one unit while renting out the other two, which can cover mortgage payments and potentially generate extra income. Investors who are not seeking a primary residence can leverage all three units as rental properties, maximizing their return on investment through multiple income streams.

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MRI Software

AUGUST 3, 2024

Maintenance Costs Includes all expenses related to property upkeep and repairs, such as fixing leaks, replacing air filters, and landscaping. These costs, deducted from rental income when incurred, are vital for maintaining property value and tenant satisfaction.

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MRI Software

FEBRUARY 27, 2025

Beyond legal risks, lease termination can lead to financial strain from lost rental income and increased vacancy periods. Marketing the property again, screening new tenants, and covering ongoing expenses can add to the burden. Landlords must follow state and federal laws as well as lease agreements to avoid potential penalties.

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MRI Software

SEPTEMBER 27, 2024

This process is crucial for effective multifamily property management , ensuring that you are aware of all possible risks and rewards. Get a software demo Multifamily software used by the top ten NMHC managers Take full control of the lead-to-lease process Get a demo Who typically performs underwriting for multifamily properties?

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Real Estate Property Tenant Lease 52

MRI Software

FEBRUARY 28, 2025

Capitalizing on multifamily real estate predictions Industry forecasts suggest strong demand for rental properties in high-growth regions, particularly in the Sun Belt states. Focusing on these areas allows landlords to benefit from steady occupancy rates and increasing rental income.

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Landlord Tenant Lease Real Estate 52

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.

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IT Property Single-Family Home Condominium 52

MRI Software

MARCH 6, 2025

Multifamily asset classes categorize residential rental properties based on factors such as building age, location, amenities, and overall condition. These classifications help investors assess income potential, operating expenses, and risk levels associated with different property types.

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