News, views and industry trends
Lease renewal fees: Evaluating the pros and cons for tenant continuation
Lease renewal fees are a critical factor in multifamily property management, affecting both landlords and tenants. Did you know that renewing a lease with an existing tenant can save up to $1,000 in turnover costs? Understanding lease renewal fees is…
Reducing maintenance costs: Essential tips for multifamily rental property landlords
Reducing maintenance costs is understandably a top priority for multifamily property landlords. Efficient property maintenance not only saves you money but also enhances tenant satisfaction. In fact, studies show that proactive maintenance can reduce…
Increasing multifamily occupancy rates: Effective ways to boost tenant numbers in apartments
High occupancy rates are essential for steady rental income and increasing your property values. Effective strategies can help you attract and retain tenants, ensuring your properties stay profitable and appealing to investors. Achieving high occupan…
What is office space management?
Businesses are always looking for ways to run more efficiently and increase output, and that extends to the office space they rent too. Businesses want to use data, not guesswork, to optimize space. A key strategy available to businesses is managing …
Economic occupancy vs. physical occupancy
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. Economic occupancy provides ins…
Spring home maintenance checklist
As trees burst into green and frost is replaced by dew, spring brings the promise of a fresh start. For landlords and property managers, this season is the perfect opportunity for essential property maintenance tasks. After the winter months, taking …
Fall home maintenance checklist
Fall is a great season for completing essential maintenance services on your rental properties. From sealing draught leaks to cleaning gutters, these tasks will prepare your properties for the upcoming colder months and help avoid costly repairs down…
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…