Remove Lease Remove Residential Property Management Remove Utilities
article thumbnail

How to Choose a Property Manager in Bay Park

McKee Properties

Builds Long-Term Tenant Relationships Property managers make your tenants feel heard. From speedy maintenance resolutions to proactive communication, their professional expertise ensures tenant satisfaction and lease renewals. Contact us today to discuss how we can simplify property management for your needs.

article thumbnail

Economic occupancy vs. physical occupancy

MRI Software

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. How to calculate physical occupancy? What is a typical physical occupancy rate?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

What are occupancy costs?

MRI Software

Occupancy costs, also known as occupancy expenses, typically account for 35% to 50% of operating expenses for multifamily properties. These costs include rent, utilities, maintenance, property taxes, and insurance, making them a significant portion of your overall operating costs.

article thumbnail

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

Tokeet

Courses typically cover real estate principles, property laws, and ethics. National Apartment Leasing Professional (NALP) : Provided by the National Apartment Association (NAA). Focuses on leasing practices, marketing, and customer service. Focuses on residential property management practices.

article thumbnail

Can you rent out commercial property as residential? Key considerations for landlords

MRI Software

Answering these questions helps ensure the property resonates with your target market. Safety considerations Safety compliance is a non-negotiable part of residential property management. You should also assess the propertys structural integrity, ensuring it can safely accommodate its new use.

article thumbnail

Technology multifamily tenants can’t live without

MRI Software

The rise of multifamily technology Multifamily technology is changing how properties are managed and how tenants interact with their homes. Integrating smart home devices and utilizing advanced residential property management software is now a standard expectation.

Tenant 64
article thumbnail

How to Keep Your Properties Safe with Multifamily AI

MRI Software

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. What is Multifamily AI?