Authority Property Management

AUGUST 3, 2024

Key provisions include: Extended Notice Periods: Increasing the notice period for evictions and lease terminations. Rent Control Expansion: Extending rent control measures to more properties. Initially met with resistance, these laws have stabilized over time, leading to lower displacement rates and more predictable rental markets.

Property Management 59

Property Management Property Manager Management Property Management Software 59

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.

Landlord 52

Landlord Management Property Management Software Property Management 52

MRI Software

SEPTEMBER 5, 2024

Tenants are more likely to choose and stay in properties that offer a comfortable and convenient living environment. Lease terms Flexible lease terms can also influence occupancy rates. Offering options such as short-term leases, month-to-month arrangements, or lease renewal incentives can attract a wider range of tenants.

Apartment 52

Apartment Tenant Property Management Software Property Management 52

MRI Software

AUGUST 3, 2024

This metric provides insight into a property’s operational efficiency and profitability, independent of financing and tax factors. Occupancy Rate Indicates the percentage of rental units occupied by tenants. A 100% occupancy rate means all units are leased, while 0% means none are.

Property Management 52

Property Management Property Manager Management Property 52

MRI Software

AUGUST 4, 2024

A multifamily property is more than just a building with multiple rental units. Creating a tailored community management plan for your multifamily property can make your property a desirable place to live, enhancing tenant satisfaction and boosting retention rates.

Management 52

Management Property Property Management Software Maintenance 52

MRI Software

FEBRUARY 20, 2024

This will protect you from the legal costs if someone is injured in your rental unit or if you accidentally cause damage to someone else’s property. For property managers and landlords, making sure tenants have renters insurance is crucial to avoid financial problems if something unexpected happens.

Insurance 52

Insurance Rental Unit Electronics Landlord 52

MRI Software

FEBRUARY 2, 2025

In contrast, condo ownership is limited to a single unit, with the HOA managing the shared areas. Multifamily properties require more hands-on involvement, including tasks like tenant screening, lease management, and repairs. Which type of property offers better investment potential: Condo or multifamily?

Finance 52

Finance Commercial Property Single-Family Home Maintenance 52

MRI Software

DECEMBER 13, 2024

Adaptability: Use ADUs as rental units, guest housing, or even office spaces for remote workers. How can multifamily ADUs increase rental income and property value? Rental income grows significantly with each ADU you add. appeared first on MRI Software.

Single-Family Home 52

Single-Family Home Rental Income Finance Regulation 52

MRI Software

MARCH 22, 2024

Well-maintained interiors show tenants that you prioritize their comfort and safety, which can encourage them to keep renewing their lease. Prospective tenants are more likely to be attracted to properties that show clear signs of care and attention to detail, helping you quickly fill vacant units.

Maintenance 52

Maintenance Tenant Property Management Software Property Management 52

MRI Software

MARCH 5, 2025

Multifamily investment, on the other hand, involves purchasing buildings with multiple rental units leased to long-term tenants. It often requires a significant upfront investment and ongoing management to ensure tenant satisfaction and property maintenance.

Airbnb 40

Airbnb Rental Income Airbnb Property Finance 40

Propertyware

DECEMBER 29, 2023

Meanwhile, 90% of renters are interested in completing at least some (if not all) rental processes online. This tech-driven approach will improve tenant experiences and make property management more efficient. Depending on where you manage or own property, there will be some regulatory changes in 2024.

Single-Family Home 52

Single-Family Home Property Management Property Manager License 52