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What is residential property management? Roles and responsibilities explained

MRI Software

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.

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What is a corporate lease for residential properties? Insights for landlords and property managers

MRI Software

For landlords, corporate leases mean fewer vacancies and a reliable source of rental income, making them an attractive option for filling multiple units at once. In contrast, a personal lease is signed by an individual who is directly responsible for living in the property and handling rental payments.

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Landlord’s guide to residential insurance: Key elements for protecting your residential properties

MRI Software

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?

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Tenant default insurance for landlords: Safeguarding your rental income

MRI Software

From how it works and why its crucial, to tips on choosing the best policy, youll gain the insights needed to protect your rental income and stay ahead of unexpected tenant defaults. Without tenant rent default insurance, youd not only lose that income but also face additional costs to replace the tenant.

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Loss of rental income insurance: Essential coverage for every landlord

MRI Software

For many landlords, rental income is more than just extra cashits essential for covering mortgage payments, property maintenance, and personal financial goals. So, what happens when an unexpected event, like a fire or storm, leaves your property temporarily uninhabitable and your rental income at risk?

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Economic occupancy vs. physical occupancy

MRI Software

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. A rate close to 93.8%

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How to Maximize Your Residential Rental Property Occupancy Rate

MRI Software

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.