MRI Software

AUGUST 5, 2024

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. What is multifamily technology?

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Tenant Property Management Software Residential Property Property Management 64

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 a typical physical occupancy rate? A typical physical occupancy rate is around 93.8%.

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Residential Property Management Residential Property Management Rental Income Residential Property 52

Tokeet

AUGUST 12, 2024

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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Property Management Property Manager Management License 52

MRI Software

NOVEMBER 4, 2024

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.

Utilities 52

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MRI Software

DECEMBER 10, 2024

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.

Commercial Property 52

Commercial Property Landlord Rent Residential Property Management 52

MRI Software

OCTOBER 23, 2023

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?

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Property Insurance Property Management Property Manager 52

MRI Software

DECEMBER 5, 2024

If your property is in a flood-prone area, you’ll want to invest in additional coverage. Loss of rental income insurance also doesn’t cover costs like your mortgage, property taxes, or ongoing utility bills, so youll still need to budget for those in case your property is out of commission.

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