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. It’s about securing reliable tenants, providing consistent value, and fostering an environment where tenants want to stay long-term.

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MRI Software

MAY 10, 2024

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. What is physical occupancy? What is a typical physical occupancy rate? A rate close to 93.8%

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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? While the answer is often yes, it requires navigating zoning laws, habitability standards, and tenant expectations. Equally important are habitability standards.

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MRI Software

FEBRUARY 8, 2025

Whether youre a landlord or a tenant, mastering this concept can help you optimize your real estate strategy. A master lease agreement for multifamily is a legal contract where a property owner leases an entire property to a tenant, granting them management control without ownership.

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MRI Software

FEBRUARY 9, 2025

Residential management fees are payments property owners make to management companies for overseeing their rental properties. These fees typically cover essential tasks like tenant screening, rent collection, and property maintenance. Balancing these factors ensures you get value for your investment.

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MRI Software

OCTOBER 23, 2023

Artificial intelligence (AI) isn’t a dream of the future anymore – it’s here now, and it’s being used in industries across the globe, including in the residential real estate sector. This technology reduces risk through various functions, including ID verification, insurance management, and tenant screening.

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MRI Software

OCTOBER 12, 2023

PropTech has been one of the useful residential property tech trends for fraud prevention. PropTech solutions integrate advanced identity verification methods to ascertain the legitimacy of prospective tenants. This pre-emptive approach ensures that property businesses are always a step ahead of fraudsters.

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MRI Software

DECEMBER 5, 2024

For instance, imagine your property is damaged in a fire, and your tenants are forced to move outthis insurance steps in to ensure you still get paid during the downtime. Some policies will pay for lost rent even if the property was vacant at the time of damage, making it useful for landlords between tenants too.

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MRI Software

MARCH 23, 2025

Your timeline and risk tolerance will help you refine these goals and determine the type of properties that best suit your needs. For instance, if cash flow is your focus, targeting properties with strong rental demand and reliable tenants should be a priority.

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MRI Software

MARCH 27, 2025

These grants for multifamily housing provide financial support to landlords who want to develop new units, renovate existing properties, or maintain affordable housing. If youre a landlord or property manager, understanding how to access this funding could unlock significant benefits for your tenants and your business.

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MRI Software

DECEMBER 15, 2024

Whether its waiting for new tenants, completing renovations, or listing a property for sale, there are times when your rental might sit empty. During these periods, your property is more vulnerable to risks like theft, vandalism, or unnoticed maintenance issues. Vacancies are an inevitable part of being a landlord.

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MRI Software

SEPTEMBER 2, 2024

According to a recent survey , 78% of residents prioritize customer service when choosing where to live​ Ensuring a great experience from the first day can set your properties apart. Strategies and techniques for building a brand identity for multifamily properties Branding is essential for multifamily residential property management.

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MRI Software

MARCH 25, 2025

Property managers are turning to AI leasing assistants to simplify operations, improve tenant experiences, and streamline lead management. From automating leasing workflows to providing 24/7 support, AI leasing assistants are becoming indispensable for property managers.

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MRI Software

MARCH 22, 2025

For property managers and landlords, maintaining high occupancy ensures steady income, reduces turnover costs, and strengthens long-term profitability. In this guide, well explore proven marketing strategies for multifamily properties to help you attract tenants, boost occupancy, and maximize the success of your multifamily properties.

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MRI Software

MARCH 20, 2025

Multifamily apartment investing involves owning residential properties designed to house multiple tenants within a single building or complex. These properties include duplexes, triplexes, townhomes, and apartment complexes. These advantages help reduce financial risks and maintain steady revenue for property owners.

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MRI Software

MARCH 24, 2025

Managing the property After acquiring the property, the sponsor or a professional property management company oversees daily operations. This includes tasks like tenant leasing, maintenance, and addressing tenant concerns to ensure smooth functioning.

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MRI Software

JUNE 2, 2024

MRI Software are leaders in innovative real estate software and in this article, we explore how AI is reshaping residential property management software and real estate CRM solutions. AI in real estate is transforming the industry by enhancing efficiency, accuracy, and customer experience.

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MRI Software

APRIL 1, 2025

Common areas, like hallways or landscaping, are managed by the HOA and funded through association fees. Instead of overseeing day-to-day repairs or tenant complaints, you can focus on higher-value opportunities. For landlords, this arrangement offers a more efficient and hands-off approach to property management.

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