News
MRI Software Report Shows Multifamily Rent Pricing Aligns with Pre-Pandemic Expectations, Despite Intervening Disruptions
Solon, Ohio – May 22, 2024 – Despite the extreme ups and downs in the multifamily market over the past four years, today’s rental rates are roughly equivalent to those suggested in pre-pandemic forecasts, according to a Trendspotter report from PropTech firm MRI Software. After evaluating data from over one million market-rate units, MRI found … Continued
In Multifamily Leasing, 2023 Looked a Lot Like 2019
Latest data from MRI Software shows that traditional seasonality has returned Solon, Ohio – January 18, 2024 – Demand for crystal balls might just wane in 2024: According to the latest Market Insights report from PropTech firm MRI Software, multifamily leasing in 2023 reflected typical pre-pandemic seasonal patterns of peaks and dips. The data, compiled … Continued
MRI Software Launches Revenue Shield by RentPayment to Combat NSF Fees for Multifamily Properties and Residents
Leverages technology from Plaid to save time and reduce fraud Solon, Ohio – October 31, 2023 – MRI Software, a global leader in real estate solutions, has launched Revenue Shield by RentPaymentTM to prevent fees related to non-sufficient funds (NSF) and curb fraud in multifamily properties. The new feature reduces NSF and chargeback fees by … Continued
Multifamily Leasing Reverting to ‘Old Normal,’ Becoming More Predictable
Latest Data from MRI Software Shows Similarities to Pre-Pandemic Patterns Solon, Ohio – September 27, 2023 – Although hybrid and remote work arrangements continue to impact the office market, the multifamily market is reverting to pre-pandemic patterns and becoming more predictable, according to the latest Market Insights report from PropTech firm MRI Software. The report, … Continued
MRI Software Launches Automated Income Verification Offering to Reduce Fraud Risk for Multifamily Businesses
Selects VeriFast to power service within CheckpointID and MRI Resident Screening solutions SOLON, Ohio — September 21, 2023 — MRI Software, a global leader in real estate solutions, has launched a new automated income verification offering for multifamily leasing. The capability is now available in MRI’s CheckpointID and MRI Resident Screening products as part of … Continued
More Multifamily Firms Taking Steps to Combat Growing Stress Among Property Managers
Critical Issue Comes to Light as RE Industry Marks 1st Anniversary of National Property Manager’s Day Solon, Ohio – September 14, 2023 – There is bad news and good news to report before National Property Manager’s Day, which PropTech firm MRI Software established last year on September 23rd: The bad news is that property managers … Continued
MRI Survey Reveals What Renters Want: Green Practices, Digital Interactions, Luxury Amenities, and Future Homeownership
Solon, Ohio – February 7, 2023 – The PropTech firm MRI Software has good news for landlords and property managers: They can easily make renters happy by adopting green practices and digital communications. Additionally, luxury amenities earned top spots on renters’ wish lists. Although these are more difficult for landlords to provide, they add significantly … Continued
Multifamily Leasing in 2022 Continued to Defy Pre-Pandemic Norms
MRI Software’s Latest Report Reveals a Continued Break from Typical Seasonality Solon, Ohio – January 24, 2023 – Autumn, rather than summer, was the hot season for leasing in 2022, according to the latest Market Insights report from PropTech firm MRI Software. Lease pricing peaked in October, diverging from traditional pre-pandemic seasonality, before decreasing toward … Continued