MRI Software

Blog tagged as MRI Software

5 Ways to Leverage Data in Property Management

In the past few years, the real estate industry has seen accelerated growth in technology adoption. And with technology, the industry is also leveraging data as one of its largest commodities. Whether it is understanding market trends or increasing occupancy rates, data analysis is driving property ...

15.10.21 12:55 PM - Comment(s)
How To Improve Property Tours Using Technology? 

Did you know properties with virtual tours get 87% more views when compared to listings without tours? Modern property tours have massive potential to improve real estate sales if implemented the right way.  

 

Today, technologies such as VR and AI help create immersive proper...

14.10.21 10:00 AM - Comment(s)
Are You Ready For Generation Z Renters? 

For the past few years, the global real estate industry focused on marketing to one target audience: millennials. But as technology develops, we have an entire generation having a different set of requirements. Gen Z renters are digital natives who haven’t lived without the internet. As the oldest o...

07.10.21 08:00 AM - Comment(s)
How Can Property Management Software Improve Security? 

Multifamily apartments have a high number of visitors and tenants, making building security not an added feature, but a priority. With burglaries and crimes on the rise, more tenants are looking for properties that have added safety measures. An Assurant survey found that nearly 54% of ten...

05.10.21 08:00 AM - Comment(s)
The Ultimate Guide To Mobile-Friendly Property Management 

It is no secret that people spend most of their time glued to their smartphones. In the real estate industry itself, 44% of residents won’t rent an apartment without a reliable cell phone connection. In today’s age of convenience and mobility, tenants need more than just traditional proper...

04.10.21 11:30 AM - Comment(s)
How To Combat Late Payments Through Property Management Software? 

Collecting rent is one of the most problematic parts of being a property manager. More than 20% of renters in America are nearly 4 months behind on their rent payments. That is $5600 worth of rent per delinquent tenant.  

 

Traditional payment methods do little to solve this p...

01.10.21 08:00 AM - Comment(s)
6 Ways To Increase Tenant Retention Using Technology 

Tired of all the tenants moving out? Well, you are not alone! Tenant turnover is the second biggest problem faced by property managers, preceded only by tenant evictions. In 2018 alone, the National Apartment Association reported a 46.8% tenant turnover rate in the U.S. While it ...

30.09.21 11:50 AM - Comment(s)
Canada's Hotel Industry Seems to Rebound in August 

With the pandemic waning, most of Canada’s provinces have reopened using a step-by-step approach. For the country’s hospitality industry, this means more people, tourism, and revenue.  

 

Last year, the hospitality industry was one of the hardest-hit sectors due to the pandemic. The hot...

13.09.21 01:07 AM - Comment(s)
Contactless Rentals: The Future of Property Management 

Technology has become inevitable to keep up with the pandemic norms for the real estate industry. However, contactless technology serves more purpose than just minimizing physical contact. Property managers discovered that contactless technology was more convenient as opposed to traditional property...

09.09.21 08:00 AM - Comment(s)
10 Benefits of Using Tenant Portals

Keeping your tenant happy is an unending task, but it's the most important step in your real estate business to succeed. While there are many ways to achieve tenant satisfaction, implementing a tenant portal is something you don’t want to miss out on.  


Automating and digitizing some o...

02.09.21 08:00 AM - Comment(s)
How To Increase Real Estate Lead Conversions? 

Only5% of companies that achieve revenue goals generate more than 2500 leads per month, and if you’re struggling to increase lead conversions, you may have to change your strategies.  


If you haven’t been getting more leads in a month, implement certain strategies and keep a close track of...

31.08.21 01:42 PM - Comment(s)
The True Cost Of Eviction And How To Avoid It 

The most important aspect of maintaining a successful property rental business is having top-quality tenants who abide by the rules and pay rent on time. 

 

Bad tenants lead to a loss of income in the future in terms of back rent. To protect your property and income from problematic ten...

26.08.21 11:30 AM - Comment(s)
Why Is Maintenance Important For Your Properties? 

Everybody likes a well-maintained property. For property managers, that leads to tenant satisfaction and tenant retention. A survey by Avail states the same - 12% of tenants planned to vacate rather than renewing their term if the property was not well-maintained. ...

25.08.21 10:30 AM - Comment(s)
Top 10 Tenant Screening Tips 

Tenant screening is one of the first and the most important steps while renting your property. If you’re managing a property business, tenant screening can be a tedious task, and if done wrong, it can lead to troubling consequences. Getting that ideal tenant is not always possible. Ev...

18.08.21 08:00 AM - Comment(s)
Busting Common Tenant Screening Myths 

Renting out properties can be a tough job. From having to interview tenants, provide maintenance, manage accounts, and solve tenant problems, the list goes on. Whether it is noise complaints, damaging items, or constantly being notified about minor problems, these tenants ca...

16.08.21 10:30 AM - Comment(s)

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