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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. It typically covers damage from events like storms, vandalism, and fires.

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Multifamily housing trends to expect in 2024

MRI Software

Here are the trends you can expect to see in 2024 for multifamily housing: 1) Increasing use of PropTech One of the most significant trends in multifamily housing is the increasing adoption of Property Technology (PropTech), specifically multifamily property management software.

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How to Become a Property Manager: 8 Steps to Kickstart Your Career

Tokeet

Provides advanced training in property management, including financial management, risk management, and resident retention. Residential Management Professional (RMP) : Offered by the National Association of Residential Property Managers (NARPM).

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Loss of rental income insurance: Essential coverage for every landlord

MRI Software

In fact, a 2020 report by the Joint Center for Housing Studies found that 41% of rental property owners depend on rental income for more than half of their household income. 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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What are occupancy costs?

MRI Software

Utilities: Electricity, water, gas, and waste disposal are among the most common utility expenses that can quickly add up in multifamily properties. Insurance: You need both property and liability insurance to safeguard against damages and accidents, ensuring you’re covered for unforeseen events.

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Building a strong multifamily brand identity: Strategic marketing techniques for apartments

MRI Software

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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Blanket Mortgage: How to Use it as an Investor

SparkRental

Who says you need a separate loan for every single property? As you scale your real estate portfolio, it can get tricky to borrow and manage individual loans for every residential property. It also limits your financing options and your ability to pull equity out of existing properties. Enter: blanket mortgages.

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