The MRI H!GH 5: Weekly Property Management News

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H!GH 5 Friday- Week of 3.6.2016

With all the various industry news publications out there, staying in the loop can be a daunting task. That’s why each week in the H!GH 5, we will be selecting the most relevant and important news articles in the property management and real estate industry. Check back every Friday for the latest list of top stories.

Here’s our list of top property management news articles for the week of March 6, 2016:

  1. Why You Need More Metrics (Author- Jennifer LeClaire, GlobeSt.com)

With all of the new technology on the market right now, it’s difficult to determine which products are worthwhile. Jennifer LeClaire summarizes an interview with Sean McNamara, of JLL, in which he discusses the importance of using metrics and analysis.

  1. CRE Pricing: Is The Glass Half Full Or Not? (Author- Erika Morphy, GlobeSt.com)

According to reports by CoStar and Moody’s, the price in commercial real estate property dropped in the month of January. Though both reports show the same results, they position them very differently. Erika Morphy gives us the details of the reports and explains the findings.

  1. What Every Property Manager Needs To Do Now (Author- Jennifer LeClaire, GlobeSt.com)

The property management landscape has changed quite a bit in the past few years, and with that brings new trends challenges. Jennifer LeClaire gives us the inside scoop on what Dustin R. Jenkins, property manager of The Shopping Center Group, says about the industry today.

  1. How To Handle A Tenant That Is Being Abusive Or Irrational (Marina Shlomov, REIClub.com)

Difficult tenants come in many forms, none of which are easy to deal with. Whether you’re faced with an angry tenant, or one that is abusing the rental agreement, it is important to know how you are going to handle them, as a property manager. Marina Shlomov gives us some tips to help us prepare.

  1. Sense Of Place Hugely Important For Hotels (Author- Carrie Rossenfeld, GlobeSt.com)

R.D. Olson Orange County has three hotel projects in the works. All three hotels are different, and provide their region with what the particular market is lacking. GlobeSt.com interviews  CEO, Bob Olson, who discusses what makes these hotels an integral part of Orange County.

Tweet us your best high 5 at @mrisoftware !

The MRI Hi-5

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With all the various industry news publications out there, staying in the loop can be a daunting task. That’s why each week in the Hi-5, we will be selecting the five most relevant and important news articles in the property management and real estate industry. Check back every Friday for the latest list of top stories.Hi-5

Here’s our list of top property management news articles for the week of January 17, 2016:

  1. Putting the Personality Back into Property Management(Author- Tim Blackwell, Property Management Insider)

Automation is everywhere we look, and property management is no exception. It can be difficult to remember that personal connections still matter, but it can make a huge impact on the success of your business. Tim Blackwell explains why it is so important to focus on your relationships with clients, prospects, and employees.

  1. Big Picture—What Could We See in 2016? (Author- Natalie Dolce, GlobeSt.com)

PwC and the Urban Land Institute (ULI) recently released the 37th edition of “Emerging Trends in Real Estate” and findings have the industry talking. Three main topics that came out of the report include interest rate hikes, foreign investments, and the growth of core markets. Natalie Dolce gives us the details on these issues.

  1. Tech Continues to Dominate CRE Activity(Author- Lisa Brown, GlobeSt.com)

It’s no secret that Silicon Valley is a hotspot for tech companies, but the competition to land a spot on the Peninsula will make your jaw drop. The latest example of this is Youtube’s purchase of Bayhill Office Center. Lisa Brown shares the details of this transaction.

  1. MF Not Overbuilding Yet, But Projects May Change (Author- Sule Aygoren, GlobeSt.com)

“Are we overbuilding, or building the right stuff?” That was the topic of conversation at the 2016 NMHC Apartment Strategies Outlook Conference. Moderated by Jay Denton of Axiometrics, panelists discussed the topic of multifamily construction. Sule Aygoren reports on what they had to say.

  1. A Forward Look at Retail Construction (Authors- Michael Steinberg and Barbara Denham, National Real Estate Investor)

2015 showed very little increase in neighborhood and community center inventory, clocking in at a number well below the historical average. Reis expects retail supply to increase significantly in the next three years and vacancy rates to decrease. Read more to find out what else is predicted for the retail market in the next three years.

Tweet us your best hi-5 at @mrisoftware !

The MRI Family Comes Together at Partner Summit

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Being a partner of MRI Software means being a part of the MRI family. With over 40 partners located all over the world, we thought it was time to have a family reunion. Earlier this week, members of the MRI Software Partner Connect program gathered in Cleveland, Ohio to learn about opportunities, connect with each other, and share their experiences.

The MRI Software Partner Connect program is focused on providing MRI Software and partner clients with the ability to leverage best-of-breed solutions along with MRI’s market leading solutions. The program is focused on structuring relationships and integrations for our mutual clients that offer a high confidence, low risk solution to property and investment management processes that cross multiple technology platforms.

A few highlights from the 2016 Partner Summit included:Partner Summit Image

  • Meet the Team

From internal MRI team members to global partners, the MRI family is growing fast. At Partner Summit everyone was able to meet people they are in frequent contact with, as well as the people behind the scenes.

  • MRI Software’s 2016 Roadmap

There’s a lot going on at MRI software and our partners got an inside look at what our plans are for the upcoming year. With this information, they were able to identify opportunities for growth within their own companies.

  • MRI Software’s International Users Conference (IUC) 2016

Last year’s IUC in Las Vegas, Nevada was a major highlight of 2015. This year, we’re taking the conference to Nashville, Tennessee and we couldn’t be more excited. At IUC 2016, our partners will have the opportunity to showcase their newest products and services to our clients while networking with their peers.

Partner Summit 2016 was a great event and we’re looking forward to seeing everyone again next year!

MRI Software Complimentary Webinars

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Join us for one of our complimentary webinar sessions below:

Introduction to Bostonpost Affordable Housing

Tuesday, February 29 at 2:00pm ET

Are you looking for a more efficient, accurate way to maintain compliance? Learn how Bostonpost helps reduce costly compliance mistakes for the complex mix of layered funding sources common in today’s affordable housing market.

Other Key Functionality Includes:

  • A fully automated resident certification process
  • Intelligent waitlist and turnover processing
  • Automatic production of resident files and forms
  • User-specific dashboards that present the right information to the right people at the right time

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Property Operations Workspeed

Tuesday, March 01 at 3:00pm ET

Property Operations provides an end-to-end real estate operations management solution. From service request tracking to preventive maintenance scheduling, our solution brings process improvements to building owners and managers by combining the benefits of workflow automation, collaboration, and mobile communication. This webinar will include a live product demonstration along with open Q&A at the conclusion of the session.

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INTERNATIONAL – Introduction to Investment Management for APAC

Thursday, March 10 at 12:00pm Australia Eastern Daylight Time (Wednesday, March 10 at 8:00pm ET)

Join MRI Investment Management on 10 March at 12:00 pm AEDT (9:00 am SGT) for our first webinar aimed for APAC clients! In this hour-long live session, you will meet the MRI IM team in Sydney and learn how our solutions can enhance and optimise your real estate portfolio. This session is beneficial to Analysts, Asset Managers, Portfolio and Fund Managers within your business, as typically the systems they are using are not designed for their business processes, or they are using complex spreadsheets which are difficult to maintain and prone to error.

Please note: This webinar is open to the public but will focus on functionality and solutions for the APAC region.

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MRI Provides Opportunities for Students

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There are many reasons why students are encouraged to intern during college. Internships are a great way to try out a job for a set period of time, which is advantageous for students who are deciding on what kind of work they might like to do. Internships can also

Brennan Karaba
Brennan Karaba

help students gain valuable experience in the workforce—something that future employers are almost certain to look for.

MRI Software kicked off its summer internship program in June, with students interning in almost every department.

“Even though I studied it in school, I still wasn’t quite sure if accounting was going to be a great fit for me,” remarked Brennan Karaba, who is interning in the Finance department. “This internship has really helped to confirm my choice.”

Jeff Wolf
Jeff Wolf

But interns at MRI have gained more than just valuable work experience.

“I’ve made a lot of friends,” said Product Development intern Jeff Wolf. “A lot of the guys from PD hang out after work. We get a lot of work done, but the atmosphere is really laid back.”

When asked if they would come back to work full-time at MRI, an overwhelming amount of the interns said “yes.”

Emily Mracek
Emily Mracek

This is a pretty common answer. According to the National Association of Colleges and Employers’ (NACE) 2009 Experiential Education Survey, 83.6 percent of interns who were offered full-time positions accepted.

“If MRI offered me a job after college, I would definitely take it,” said Emily Mracek, who is interning in the Sales department. “It’s just such an inviting workplace.”

MRI version X

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Last week at the 2014 International Users Conference we revealed MRI version X!

If you were not able to make it to New Orleans you may be wondering, “What is X?” MRI X will be released in Spring 2015 and is the new MRI Software. This will be our most user friendly product to date and its modern design will create the optimal “eXperience” for our clients. MRI X features flat menus, global search, configurable dashboard views, and much more! MRIX_Cobranded-Logo.USE THIS ONE

Browser Freedom:

With MRI X you have the freedom to access the MRI system from your favorite browser. Whether that is Google Chrome, Safari, Firefox, or Internet Explorer you will soon be able to access MRI. Browser freedom is another great example of how MRI remains committed to Powering Maximum Flexibility.

Data Mobility and Device Harmony:

The responsive design of MRI version X allows users the freedom to access their MRI experience on their favorite devices. This could be on a Mac, PC, tablet, or smartphone! This feature also provides you the ability to access your data from your office to anywhere with internet access – you can even work in MRI while grabbing your morning coffee at Starbucks!

MRI version X is truly the next step for MRI. X presents the robust and powerful software MRI users are accustomed to using in a brand new, user friendly, environment that makes accessing and using your data simple and easy.

To learn more about version X, we invite you to watch a short video we debuted at the International Users Conference.

Are You Ready For New Orleans?

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Tomorrow the first wave of MRI staff is leaving for New Orleans to ready the hotel for the IUC! Since the conference is just a few short days away, you are probably packing your bags and gearing up for Bourbon Street. To make your traveling eXperience as smooth as possible, keep the following travel tips (which we’re using for our trip too!) in mind: med_new-orleans-photo-by-richard-nowitz-4-

1) Be familiar with TSA regulations – Although some of the prohibited items are pretty common sense when it comes to carry on luggage (sorry, no axes or cattle prods!), you should read the rest of the regulations to ensure you get through the checkpoint as quickly as possible. Liquids, for example, must be less than 3.4 ounces if you’re not checking a bag and all your liquids must fit in a sealed one gallon plastic bag. If you have a last minute question, TSA has a mobile app  for your reference.

2) Roll your clothes – Folding your shirts and pants can leave a crease mark, plus it takes up more space in the suitcase. You can fit a few extra items in your bag, and possibly even take it with you as carry-on avoiding the dreaded checked baggage fees. If you haven’t heard of this packing technique before, there are several tutorials online.

3) Call your bank and credit card company – If you don’t travel frequently, your cards could be flagged for suspicious use. Simply giving your bank or credit card vendor a call to let them know when you’re out of town, and where you will be, can prevent unwanted and unnecessary travel troubles.Especially for our international travelers!

4) Snap a picture – Once you arrive at the airport, take a picture or make a note in your phone of your car’s location. When you arrive back home, you’ll be tired and ready to get home as soon as possible, but may not remember the section you parked in. Making a quick note at the beginning of a trip will help the conclusion go smoothly.

5) Get to know Louis Armstrong International Airport- take five minutes to look over the airport maps, hotel shuttle info and rental car counter details. If you think navigating your home airport is relentlessly confusing, it will be even worse at an unfamiliar airport. Flight status updates often include the anticipated arrival gate, so checking the maps at your destination airport can help you get through the baggage pickup, find the rental car counters or shuttle pickup locations, and get to the hotel as soon as possible.

We can’t wait to spend the 2014 International Users Conference with our valued clients. See you in New Orleans!

Are You Ready for MAX?

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Things have been busy at MRI Software lately! The 2014 International Users Conference is a few short weeks away, where we will debut the newest version of our innovate software. To hold you over until then, however, we are happy to announce the release of a brand new solution for clients, the MRI Application eXchange, known as (MAX). MAX enables users from across the MRI community to connect and share customized reports, pages, views, and even complete applications within their MRI software suite.MRI Application eXchange

MAX is more than a place to simply download and upload apps, though – after clients download an app, they can rate it and leave feedback for others. MAX is designed so that our users can contribute their own apps for other users to see and use with their MRI installation, but also receive input on its ease-of-use and functionality . This offering is the first of its kind within the property management software industry and encourages clients to build a rapport with peers while taking advantage of user-generated applications within the MRI environment.

MAX is available exclusively to MRI Software clients, and will be one of the the many offerings featured at the 2014 International Users Conference next month in New Orleans. To learn more about MRI’s MAX initiative and watch a demo video, visit our website.

Are you ready to MAXimize your MRI experience?