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. 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.

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MRI Software

DECEMBER 13, 2023

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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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? How to calculate physical occupancy? A rate close to 93.8%

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SparkRental

NOVEMBER 14, 2024

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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Tokeet

AUGUST 12, 2024

Recommended Degrees Business Administration : Focuses on essential business skills, including management, marketing, and finance, which are crucial for property managers. Provides a broad understanding of business operations, making it easier to handle the diverse tasks involved in property management.

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MRI Software

FEBRUARY 25, 2025

Multifamily properties account for over 40% of rental units in the United States, making them a significant part of the real estate market. Managing these properties effectively requires more than just collecting rent; it involves strategic planning, financial oversight, and operational efficiency.

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MRI Software

DECEMBER 12, 2023

In this guide, we explain what is multifamily property, the different types, and the future of multifamily housing with multifamily property management software. What is a multifamily property? A multifamily property is a single building or a complex of buildings that contain multiple housing units.

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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? Prime locations: Downtown properties, once used as offices, can attract renters with their proximity to amenities. Add showers or bathtubs to existing restrooms.

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MRI Software

OCTOBER 23, 2023

Get a software demo Multifamily software used by the top ten NMHC managers Take full control of the lead-to-lease process Get a demo Utilizing multifamily property management software with multifamily AI can significantly enhance the safety and security of your properties. What is Multifamily AI?

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MRI Software

MARCH 22, 2025

Keeping your multifamily property fully occupied requires more than just a great location, it takes strategic marketing and consistent engagement. For property managers and landlords, maintaining high occupancy ensures steady income, reduces turnover costs, and strengthens long-term profitability.

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MRI Software

MARCH 25, 2024

At its core, economic occupancy serves as a measure for the financial performance of rental properties. It measures the ratio of actual income generated by a property compared to its potential income if all units were leased at market rates. What is economic occupancy? What if my economic occupancy is over 90%?

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MRI Software

JUNE 25, 2024

From predictive analytics to personalized campaigns, AI integrates easily with real estate software to enhance efficiency and effectiveness. Whether you’re using residential property management software or other real estate software solutions , AI-driven tools can provide a competitive edge.

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MRI Software

SEPTEMBER 8, 2024

Understanding the distinctions and overlaps between student housing and multifamily properties is crucial for landlords and property managers. An overview of multifamily housing in detail Multifamily housing encompasses various residential properties designed to accommodate multiple families or individuals.

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MRI Software

NOVEMBER 4, 2024

Property taxes: These vary based on location but are a significant portion of your overall expenses and should be factored into long-term budgeting. Property management software can be an excellent tool for automating this process and providing detailed reports that help you make informed decisions.

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MRI Software

FEBRUARY 9, 2025

Each of these approaches has pros and cons based on your property’s specific needs, especially when calculating typical residential property management fees. For instance, if your multifamily property generates $15,000 in monthly rent, a 7% fee would cost you $1,050.

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McKee Properties

FEBRUARY 10, 2025

With its thriving economy, vibrant urban life, and steady demand for rentals, the area offers numerous opportunities for property owners, whether they’re focused on Downtown San Diego home rentals, apartment rentals, or growing their real estate portfolios. Compare costs but also consider the value added by quality service.

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MRI Software

DECEMBER 5, 2024

Loss of rental income insurance is a type of coverage that helps landlords recover lost rent if their property becomes uninhabitable due to an insured event, like fire or water damage. Loss of rental income insurance kicks in when your property suffers damage from an insured peril, such as a fire or a severe storm, and becomes uninhabitable.

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MRI Software

SEPTEMBER 2, 2024

When it comes to branding multifamily properties, consider the following: Logo and visual elements Logo and visual elements are crucial as they create the first impression. Strategies and techniques for building a brand identity for multifamily properties Branding is essential for multifamily residential property management.

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Second Nature

JANUARY 29, 2025

You may be new to the property management industry, have been managing properties for years and are ready to start your own business, or own a property management company but are looking for greater investment. It provides details on your property management company and how you intend to operate it.

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MRI Software

FEBRUARY 8, 2025

These agreements are gaining popularity as an effective strategy for streamlining property operations and maximizing returns. Below we will explain what a master lease agreement is, its key components, and how to get a master lease agreement for multifamily properties.

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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. Algorithmic biases can influence property valuations and recommendations, potentially disadvantaging certain groups.

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Second Nature

DECEMBER 16, 2024

Were sharing some of Daniels insights on property management profits and experiences weve gathered over years of working with property management companies across the country. In the most basic terms, property management companies make money through real estate investors paying for the services they offer.

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MRI Software

AUGUST 29, 2024

The recent COVID-19 pandemic has also placed pressure on office property investments. There are different diversification strategies you can consider, such as: Residential and commercial mix: Investing in both residential and commercial properties can balance your portfolio.

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Esquire Property Management Group

OCTOBER 12, 2024

This exclusion does not apply to vacation or investment properties, making it crucial to understand its implications for your primary residence. While this provision doesn’t apply to primary residences directly, it can be leveraged if a primary residence is converted to a rental property.

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Second Nature

OCTOBER 18, 2024

with rental properties frequently leaving the portfolio) suggests difficulty retaining clients. Debt-to-income ratio Debt-to-income ratio (DTI) is a key metric of a property management company's value. A higher DTI, on the other hand, raises concerns about a company's ability to manage its debt burden. High churn (i.e.,

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