Property management software news, views and industry trends
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…
Who is Responsible for Accidental Fire Damage?
Effective multifamily property management means having a strategy for any event, including fires. When a fire happens by accident, it’s not always clear who should pay for the damage. Since no one meant for it to happen, figuring out if you or …
What are the benefits of revenue assurance?
In organisations where revenue streams are diverse and intricately woven, the need for effective financial oversight is critical. Revenue Assurance is a strategic approach that goes beyond financial control, offering a comprehensive framework to safe…
What is a building management system?
What is a building management system and how can it help your building? At the core of modern real estate management, a building management system (BMS) marks a pivotal shift toward more integrated and intelligent building operations. From energy sav…