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Brian Zrimsek, Chief Products OfficerDesigned for property owners, managers, and investors, the MRI Budgeting & Forecasting solution facilitates collaboration on budgets within a single environment, and provides deep insight generated by its lease-level detail. “Our solution can be accessed from anywhere with an internet connection, on any browser and mobile device. This kind of freedom brings a modern user experience to the budgeting process.” asserts Zrimsek.
The MRI Budgeting & Forecasting product features an intuitive web interface that greatly reduces the learning curve, workbook functionality that enhances collaboration, and highly configurable reporting to meet unique business requirements. Another key piece of functionality is the ability to quickly, accurately reload and reforecast. This helps to better identify opportunities to modify business strategies as needed during the fiscal year.
With clients in over 40 countries, there are numerous examples of MRI users experiencing benefits from the Budgeting & Forecasting solution. One of MRI’s larger commercial clients was able to reduce time spent on budgeting by nearly 25 percent. The biggest driver was the ability to easily leverage historical and actual data that already resided in their MRI Property Management system.
Our intuitive, web-based Budgeting and Forecasting solution provides easy access to data while facilitating collaboration and maintaining the highest level of data security
Expanding beyond budgeting and forecasting, MRI Software further empowers larger organizations by offering robust investment management capabilities. MRI Investment Management makes it easy to perform comprehensive financial modeling and scenario analysis that extends far in to the future. The MRI Asset Management and Fund Management solutions provide the managers with all the tools they require to build their initial strategy and nimbly react to organizational and market changes. With these solutions and technologies, “We are focusing on the full ecosystem. Providing powerful, modern, intuitive tools that empower an entire organization and not just one group. That is how we are able to increase collaboration, transparency, and facilitate more informed decision making for all stakeholders in an organization,” states Zrimsek.
In today’s world of rapidly changing technologies and powerful complimentary solutions, MRI Software recognizes the critical value of third party integrations. The open architecture of our core products combined with our rapidly expanding Partner Connect Network allows us to provide our clients with true choice and flexibility. “We believe in the freedom of choice and the power of flexibility, especially in today’s markets that are constantly evolving. We want our clients to have the ability to deploy an application portfolio that best meets their needs,” said Zrimsek.
Looking ahead to the future, MRI Software is focused on innovation and growth in North America as well as international markets. “We will continue to focus on the user experience, taking advantage of new technologies, and continuing our commitment to providing clients with choice and flexibility. As we enter our 45th year in providing solutions for real estate, MRI Software is a vibrant, innovative and growing organization and we hope your readers take a moment to learn more about us,” encourages Brian Zrimsek.
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Company
MRI Software
Management
Brian Zrimsek, Chief Products Officer
Description
Provider of innovative software solutions for the global property and investment management industries
Additionally, luxury amenities earned top spots on renters' wish lists. Although these are more difficult for landlords to provide, they add significantly to a unit or building's appeal.
These are the key findings from the recent Voice of the Resident Report commissioned by MRI. Survey respondents included more than 2,000 renters in the U.S. who live in a mix of locations and rental categories.
Specific findings of the survey include:
• Renters care about the environment: Two thirds believe that green practices – efforts to ensure that living spaces are green and energy efficient – are important. Forty percent of renters say they won't rent a unit in a property without green practices. As these statistics indicate, landlords who equip buildings with efficient mechanical systems, sensors for lighting and HVAC, low-flow plumbing fixtures, or solar panels, for example, will have a competitive edge.
• Digital communications are preferred: More than half of renters prefer to interact with landlords and property managers through digital means. Although most renters are paying rent via check or cash, they expressed preferences for digital forms of payment.
• Old habits – and habitats – are hard to break: Approximately two thirds of respondents plan to find their next home in the same type of environment in which they currently live. This finding suggests that the exodus of city dwellers to the suburbs and rural areas was limited to the worst phases of the COVID-19 pandemic and is now abating.
• Top-rated amenities reflect demand for convenience, luxury, and security: The number one desired amenity is in-unit laundry, followed by an on-site pool, high-speed broadband, and private garages.
• Residents in multifamily buildings are the least satisfied when it comes to communications with landlords and property managers: This finding is counterintuitive because multifamily properties have the most opportunity to leverage on-site staff and a wide array of tech tools to make communications prompt and cost-effective. "It seems that landlords and managers are either not taking advantage of these tools or are providing insufficient training on their use," suggests Brian Zrimsek, industry principal at MRI.
• The American Dream persists: Nearly two thirds of respondents expressed wishes to become homeowners someday. Furthermore, most renters desire to live in houses rather than in apartments or rooms. "This bodes well for the single-family-rental market," says Zrimsek, who points out that renters became more interested in space and privacy during the height of the pandemic. "But density is no longer a bad word, so renters may adjust their requirements as concern about the pandemic continues to wane."
Zrimsek notes: "There is no secret formula to attracting renters these days. They want the convenience of digital, along with the assurance that their living space is environmentally friendly. Even landlords who don't provide luxury amenities can incorporate these features into their property management processes and up their game significantly."