News, views and industry trends
What are the Benefits of Green Leases?
The real estate industry is evolving and one of the prominent trends shaping it is the adoption of sustainable practices. Green leases have emerged as a powerful tool in recent years, offering a range of benefits for both landlords and tenants. In th…
Renewal incentives that multifamily property managers should consider
As a multifamily property manager, you understand the significance of tenant retention in the highly competitive rental market. High tenant turnover rates can lead to financial losses, operational challenges, and the need for continuous marketing eff…
How to increase multifamily tenant retention
High tenant turnover rates come with a host of challenges for property managers. Acquiring new tenants can be disruptive and costly, often involving strategic marketing, lead nurturing, tenant screening, and unit viewings or preparation. You also run…
Excel or lease management software: Which is right for your business?
For decades, lease management professionals have relied on the simple spreadsheet as their trusted tool of choice. Effective and efficient, it’s been the go-to for organizing and analyzing lease and license data and is used to track everything from r…
The eviction process for multifamily properties
Evicting a tenant from your multifamily property is a situation that no property manager hopes to face. Circumstances such as non-payment of rent, lease violations, and property damage can make tenant eviction necessary. The complexity of the evictio…
What is common area maintenance (CAM) and why should you keep track of it?
Welcome to MRI Software’s exploration of a critical aspect of commercial property management: Common Area Maintenance (CAM). But what is Common Area Maintenance, and how does it intersect with real estate expense recoveries? CAM encompasses the…
Weaker black Friday footfall expected compared to previous years
As the consumers of New York City prepare for the magic of the holidays, attention turns to how the city will fare this Black Friday amid slowing inflation and weakening footfall performance on the day itself since 2018, which is when the retail inte…
What is the contract abstraction process and why should you automate it?
In an age where information is paramount, businesses are striving to simplify the complex. As organisations grapple with the relentless influx of information, streamlining intricate processes has emerged as a strategic imperative. One such intricacy …