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What are hard services in facilities management?
In this post, we explore the pivotal role of hard services in facilities management, a key component in maintaining the infrastructure and operational integrity of properties. Understanding what hard services in facilities management are, from heatin…
What are soft services in facilities management?
In this article we explore what soft services in facilities management entail, focusing on the aspects that enhance the day-to-day experience within a building. Soft services include such things as cleaning, security and landscaping, all of which pla…
Economic occupancy vs. physical occupancy – Definitions, formulas, and more!
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. html {scroll-padding-top: 100px…
Top 4 challenges of Excel-based lease accounting
Including Microsoft Excel in your lease accounting workflow may seem like the simplest or most practical way to manage simple accounting tasks. And it would be – if the business landscape never changed. While Excel can be a great starting point, it c…
How leasing software mitigates the challenges healthcare organizations face
Healthcare organizations face numerous challenges, ranging from managing their resources efficiently to ensuring regulatory compliance and providing the best possible care to patients. One of healthcare organizations’ most significant challenge…
How does a building management system work?
At MRI Software, we develop forward-thinking software solutions for people in property, and in this article, we’re going to focus on the intricate mechanics of how building management systems work. These systems are pivotal in modern facilities manag…
More data, more problems: The need for collaboration across real estate teams
Every action that takes place in and around a building has the potential to create data – and lots of it. Information comes from leases, work orders, energy usage alarms, sensors, and more. The people that set foot on your property generate data poin…
Are apartment complexes a profitable investment? Potential returns and risks
Investing in apartment complexes can be profitable, but there can be challenges. Understanding potential returns, risks, and strategies for making money is important. This guide will explore: Are apartment complexes profitable? How to calculate apar…