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How to find the best rental property accounting software for landlords

Buildium

Rental property accounting software offers landlords a practical way to handle these financial tasks. Whether you own a single rental unit or a large portfolio of properties, accounting software can help you manage your finances more effectively, reducing the stress associated with manual record-keeping.

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Do I need landlord liability insurance? key benefits and tips for adequate coverage

MRI Software

Rental units with frequent tenant turnover may pose higher risks of accidental damage or legal disputes. Checking for additional coverage options Basic liability insurance may not cover all potential risks associated with rental properties. Loss of rental income: Provides coverage if your property becomes uninhabitable.

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What are multifamily ADUs?

MRI Software

These units can be built as detached structures or converted from spaces like basements or garages. If youre managing a multifamily property, youve likely wondered how to make better use of unused areas or increase rental income. These spaces can easily be converted into new living units with the right planning and permits.

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Dwelling fire vs landlord insurance

MRI Software

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. This ensures your cash flow is maintained, helping you manage financial obligations without the rental income.

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Maximizing profits with an effective multifamily operating expense ratio strategy

MRI Software

Multifamily operating expenses per unit One way to keep track of your expenses is by looking at the cost per unit. This helps you see exactly where your money is going for each rental unit and figure out if there’s room to cut costs.

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Does landlord insurance cover fire?

MRI Software

Imagine you receive the dreaded phone call that a fire has erupted in one of your rental units. Landlord insurance offers a safety net for your rental properties, protecting you against the costs of unforeseen circumstances. Everyone is safe, but the property has suffered from significant damage.

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Why you should consider buying multifamily foreclosures

MRI Software

Unlike single-family foreclosures, multifamily homes have multiple rental units. This offers more income potential, especially after the necessary repairs and renovations are made. For landlords, its an appealing option because it allows the management of multiple rental units within a single investment.

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