Buildium

MARCH 19, 2025

Communication Tools: Effective, speedy communication between landlords, tenants, and maintenance staff is important if you want to avoid lengthy repairs and frustrated renters. Tenants can report issues directly through the software, and landlords can provide updates on the status of repairs.

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Property Maintenance Maintenance Landlord Rental Property 130

Buildium

MARCH 19, 2025

Rental income includes all the payments you receive from tenants. For instance, if a tenant pays you in December for Januarys rent, you report that income in the year you received the payment, which is December. Heres a quick breakdown of those definitions. What Counts as Rental Income?

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Rental Property Management Rental Property Property Management Property Manager 130

Buildium

MARCH 19, 2025

Rent Tracking and Invoicing Capabilities: Software that can automatically generate invoices for tenants, track payments, and send reminders for unpaid rent is extremely helpful. These features help you never miss a payment and that tenants are always aware of what they owe.

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Rental Property Landlord Property Utilities 130

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. In 2024, tenant quality emerged as the #1 concern for property management companies.

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Property Management Property Manager Management Property 246

American Apartment Owners Association

NOVEMBER 11, 2024

It sends payment reminders through various channels, including calls, texts, emails, and even mailed notices, making sure tenants get the message loud and clear. Schedule your demo now to get started. Smarten Up Maintenance Requests Handling and diagnosing maintenance issues like a leaking sink or broken AC can be time-consuming.

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Landlord Property Management Property Manager Maintenance 234

MRI Software

FEBRUARY 12, 2025

From tenant screening and legal compliance to property maintenance, the demands on landlords can quickly pile up and become overwhelming. This guide explores how partnering with residential management services can save time, improve tenant satisfaction, and help you get the most out of your rental property investments.

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Landlord Residential Property Management Residential Property Management Residential Property 52

MRI Software

AUGUST 5, 2024

Tenants today are looking for more than just a place to live. As a landlord or property manager, it’s essential that you meet these multifamily housing trends to attract and retain tenants. The rise of multifamily technology Multifamily technology is changing how properties are managed and how tenants interact with their homes.

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Tenant Property Management Software Residential Property Property Management 64

MRI Software

FEBRUARY 12, 2025

By understanding which safety meeting topics for multifamily housing help to engage and inform tenants, you can run these meetings easier and create a safer and more welcoming environment. Showing tenants how to use fire extinguishers or participate in evacuation drills makes the information memorable.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

FEBRUARY 11, 2025

Lease audits provide a clear understanding of tenant agreements and ensure compliance with legal and property guidelines. By conducting regular audits, you can safeguard your income and avoid costly disputes with tenants. Addressing these discrepancies promptly prevents financial confusion for both you and your tenants.

Lease 52

Lease Landlord Lease Agreement Property 52

MRI Software

JULY 26, 2024

Many real estate tenants unknowingly overpay on their leases, a costly oversight that can erode business profitability. As a tenant, understanding these potential pitfalls is crucial to safeguarding your financial health. Here are 6 common ways commercial tenants end up overpaying on their leases: 1.

Lease 52

Lease Tenant Lease Agreement Landlord 52

American Apartment Owners Association

SEPTEMBER 26, 2024

By embracing change and leveraging platforms like Revela, property managers can boost efficiency, unlock new revenue streams and deliver better results for owners and tenants. Schedule your demo nowto get started. With the right tools, strategies and support team, the future holds great opportunities. Curious about Revela?

Property Management 130

Property Management Property Manager Management Property 130

MRI Software

FEBRUARY 5, 2025

Each unit typically has its own kitchen, bathroom, and entrance, ensuring privacy and independence for its tenants. Multifamily properties come in various shapes and sizes, offering options for different types of landlords and tenants. A multifamily property is any residential building designed to house more than one household.

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Property Finance Rental Income Single-Family Home 52

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.

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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.

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Landlord Insurance Real Estate Management Real Estate Management 130

Fourandhalf

AUGUST 22, 2024

These might include individual lease agreements, tailored maintenance schedules, and personalized tenant communication. Core features are essential for the daily management of your properties and might include tenant management, maintenance management, and financial accounting. Maintenance requests can be easily tracked and managed.

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Property Management Software Property Management Property Manager Management 174

MRI Software

DECEMBER 12, 2024

This guide will walk you through everything you need to know about tenant default insurance. 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. What is tenant default insurance?

Rental Income 52

Rental Income Insurance Landlord Tenant 52

Buildium

DECEMBER 30, 2024

You have to keep your money separate from your owners, and youll need a trust account to handle tenants security deposits, all of which is regulated by the state in which you operate. Mistake #3: Setting Up Your Banking Structure Incorrectly Property managers have to be very careful when setting up their banking structure.

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Property Management Property Manager Management Property 245

MRI Software

FEBRUARY 26, 2024

Effective tenant communication is an essential element of successful multifamily property management. The way you communicate can significantly impact tenant satisfaction, influence how conflicts are resolved, and play a major role in the overall management of your property.

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Tenant Maintenance Property Management Software Property Management 52

MRI Software

FEBRUARY 4, 2025

Attracting quality tenants is one of the most important tasks for any property manager. This guide will provide practical multifamily leasing tips on effective strategies, leveraging technology, and creating a welcoming tenant experience. This approach ensures you attract tenants who fit well with your property and community.

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Lease Tenant Property Management Software Property Management 52

MRI Software

MARCH 5, 2025

Landlords may face various liability risks, from tenant injuries to property damage claims. It covers legal fees, medical expenses, and repair costs if a tenant or visitor is injured or if the property causes damage to neighboring properties. This can result in stronger tenant relationships and longer lease agreements.

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Insurance Landlord Tenant Rental Property 52

Bay Property Management Group

NOVEMBER 19, 2024

In some areas, that demo can be quite large. As premiere Washington DC property managers , we know that managing tenants can be a tricky business. Overall, they tend not to stay as long on average compared to other types of tenants. There is a big demographic that many people come across when renting housing: college students.

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Lease Agreement Lease Rent Property Management 147

MRI Software

DECEMBER 3, 2024

Property management is one of the most important factors that tenants consider when it comes to property satisfaction. As a multifamily property landlord or property manager, tenant satisfaction isn’t just a goal—it’s critical to keeping vacancy rates low and maintaining steady income.

Residential Property Management 52

Residential Property Management Residential Property Management Residential Property Property Management 52

MRI Software

AUGUST 2, 2024

Setting up an apartment complex recycling program is the first step; next, you need to educate your tenants. Educating tenants is crucial because it ensures everyone knows how to recycle correctly, reduces contamination of recycling bins, and promotes a sustainable community.

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Education Tenant Apartment Property Management 52

MRI Software

FEBRUARY 24, 2024

A tenant benefit package is a curated collection of services and amenities designed to enhance the living experience of renters. This package goes above the necessities of a rental property by offering additional perks that can impact tenant satisfaction and loyalty. The expectations of tenants are also evolving.

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Tenant Property Management Software Insurance Maintenance 52

MRI Software

OCTOBER 17, 2023

In the competitive commercial real estate market, commercial tenant retention is more critical than ever. Retaining your commercial tenants means having a consistent and predictable income stream, as well as avoiding the costs of tenant turnover.

Commercial Property 52

Commercial Property Tenant Property Lease 52

MRI Software

DECEMBER 9, 2023

Dealing with multifamily tenant complaints is an inevitable part of property management. Tenant complaints will vary widely, from noisy neighbors to burst pipes to concerns about sustainability in multifamily properties. In this blog, we outline how to deal with multifamily tenant complaints.

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Tenant Property Management Software Property Manager Property Management 52

MRI Software

DECEMBER 8, 2024

These programs not only reduce expenses but also create more eco-friendly, comfortable living spaces for tenants. In this blog, well explore how multifamily energy savings benefit property managers, owners, and tenants alike. Energy-efficient buildings tend to attract more potential tenants, which can improve occupancy rates.

Property Management 52

Property Management Property Manager Tenant Management 52

MRI Software

DECEMBER 5, 2023

High tenant turnover rates come with a host of challenges for property managers. Acquiring new tenants can be disruptive and costly, often involving strategic marketing, lead nurturing, tenant screening, and unit viewings or preparation. This makes tenant retention a top priority for multifamily property managers.

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Tenant Lease Maintenance Property Management Software 52

MRI Software

AUGUST 3, 2024

Every landlord and property manager strives for high renewal rates, but tenant non-renewals are an inevitable part of the business. This makes it crucial to understand how to prepare before renewal dates, approach renewal conversations effectively, and handle tenant refusals. This gives tenants sufficient time to make their decision.

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Lease Tenant Landlord Rent 52

MRI Software

AUGUST 6, 2024

As one of the top multifamily technology trends , IoT enables you to enhance operational efficiency and tenant satisfaction. These advancements make your property more attractive to tech-savvy tenants and easier to manage. In this guide, we explain how IoT property management is enhancing tenant experience and community engagement.

Tenant 52

Tenant Property Management Property Manager Apartment 52

MRI Software

DECEMBER 12, 2024

Tenant default is a challenge many landlords and property managers face, often causing financial stress and operational disruptions. 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. What is tenant default?

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Tenant Lease Agreement Insurance Property Management Software 52

American Apartment Owners Association

NOVEMBER 11, 2024

It sends payment reminders through various channels, including calls, texts, emails, and even mailed notices, making sure tenants get the message loud and clear. Schedule your demo now to get started. Smarten Up Maintenance Requests Handling and diagnosing maintenance issues like a leaking sink or broken AC can be time-consuming.

Landlord 130

Landlord Property Management Property Manager Maintenance 130

MRI Software

SEPTEMBER 3, 2024

Lease renewal fees are a critical factor in multifamily property management, affecting both landlords and tenants. Did you know that renewing a lease with an existing tenant can save up to $1,000 in turnover costs? Understanding lease renewal fees is essential for maximizing your rental income and ensuring tenant satisfaction.

Lease 52

Lease Tenant Lease Agreement Broker 52

MRI Software

AUGUST 1, 2024

Improving tenant satisfaction while keeping costs down and cashflow steady can be a challenge for landlords. An apartment amenity fee is a charge that you collect from tenants for the use of additional features and services within your multifamily property. Here’s what these fees entail: What is an amenity fee for apartments?

Tenant 52

Tenant Property Management Software Apartment Landlord 52

MRI Software

OCTOBER 17, 2023

Tenant screening is a universal practice for landlords and property managers looking to find the best tenants for their affordable housing communities. Good tenant screening helps accurately assess which applicants will pay their rent on time and take good care of the units.

Property Management 52

Property Management Property Manager Tenant Landlord 52

MRI Software

FEBRUARY 16, 2024

Securing great tenants is key to the success of any multifamily property. These are the tenants who pay their rent on time, respect property rules, get along with their neighbors, and maintain their units. Finding these dream tenants can be a real challenge for property managers and landlords. What is a tenant referral program?

Tenant 52

Tenant Property Management Software Lease Property Management 52

MRI Software

MARCH 1, 2025

Early lease termination by tenants can leave landlords dealing with unexpected vacancies and financial losses. It can disrupt your rental income and make finding new tenants quickly a challenge. This guide covers everything landlords need to know about early termination of lease agreement by tenants.

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