Are You Utilizing Your Resources?

By | September 19, 2014

MRI software is constantly working on improving our products and growing to meet your business needs.  With new enhancements and products always coming out, how do you keep up?  One of the best ways to stay in the loop with what is going on at MRI, is by checking out our Webinar schedule.  Attending these complementary webinars will give you the chance to learn about new products, or to learn about enhanced functionality within products you are already using! shutterstock_70562827-resized-600

Most webinars last about one hour long, and contain a product overview, product demonstration, and a question and answer session.  Some of our upcoming webinars include:

Bostonpost Affordable Housing: TRACS 202D Update & Product Overview

Wednesday, September 24, 2014 – 2:00PM EDT

Both existing and potential clients are invited to experience the compliance management power of Bostonpost Affordable Housing. This webinar will first provide an in depth review of the recent TRACS 202D updates as well as a brief overview of the Bostonpost system itself.

Workspeed Tips & Tricks

Tuesday, September 30, 2014 – 3:00PM EDT

This webinar is intended for current Workspeed users and it is designed to demonstrate tips and tricks that will help maximize the potential of your Workspeed system. We will highlight new enhancements, opportunities for efficiency gains, and other helpful hints to ensure you are leveraging the system to its fullest potential.

MRI Commercial Management

Tuesday, October 7, 2014 – 2:00PM EDT

The objective of the session is to provide users with an overview of the MRI Commercial Management suite while demonstrating some of the many benefits the MRI system can bring to their organization

Staying up to date with what is happening here at MRI can give you the stepping stones you need to make sure you are making the most out of your property management software!  Have you attended an MRI webinar?



TRACS 202D Nuts and Bolts: DUNS Numbers and TINs—New HUD Transition Policy

By | September 17, 2014

Editor’s note: Jed Graef, Bostonpost Product Manager, provides the latest information on the affordable housing industry’s specification updates. Graef’s invaluable experience as a TRACS 202D Committee Chair has enabled MRI to develop and maintain a truly robust product that is a vital part of maintaining funding compliance for its clients.

The original HUD plan was for the DUNS number and TIN (taxpayer identification number) to be mandatory in TRACS reporting for Section 8, Rent Supplement, RAP and 202 and 811 PRACs immediately upon upgrading to TRACS 202D. The owner’s numbers were to be required for each of these subsidy types and, if there is a parent company involved, the same information was needed for it. shutterstock_89957470-resized-600

Before the TRACS 202D release, HUD became concerned that some owner/agents (OAs) might not be paid after updating to 202D if they did not have the DUNS and TIN information handy. As a result, the requirement to submit this information in TRACS files was relaxed for the time being. It is expected that the original rule will return after the 202C to 202D transition ends at the end of January.

In the meantime it is important to understand what TRACS expects. You can report the DUNS and TIN information if you wish or you can leave both fields blank. What is not permitted is to report a DUNS number without a corresponding TIN or vice versa. Doing so will result in your TRACS submission being rejected. It is still best to enter both numbers if you have them so that you don’t have to worry about them when they become mandatory. However if you have entered only a DUNS number and do not have a TIN, you should delete the DUNS number for the moment.

Remember – MRI Bostonpost 9.2 includes all the TRACS 202D updates your property needs to maintain compliance with the new funding specifications. To learn more about our award-winning product, visit the MRI website.



Searching for Software

By | September 15, 2014

Anyone that has ever spearheaded a software implementation project can attest to the fact that process can be cumbersome. Many times, we don’t know where to start, or even what questions to ask. What should we be looking for? There are 5 aspects you should ensure the company can provide:

1. Customer Support: When looking at different software solutions, be sure to ask what type of support you will have available to you after you go live on the product. What are the hours of their customer service team? Where is the support located? Does the company outsource support to another vendor? Also, be very clear on  how much support you will receive. Some companies offer you unlimited support to ensure your issues will be taken care of, while others only offer you a set amount of hours, and once you surpass those hours you will be charged a hefty premium for any other calls you make.iStock_000013844835Medium-resized-600

2. Peace of Mind: In today’s world, many companies or taking advantage of providers that offer SaaS solutions (Software-as-a-Service), meaning that they will be providing the hosting environment for the software and you will be able to access it from anywhere with an internet connection. With SaaS products, companies no longer have to worry about ensuring their servers are compliant or able to adequately backup their information.  If you decide to go with a SaaS solution, some questions you should ask are where is the data hosted, how many times a day it is backed up, and how long are copies of the backups stored?

3. Commitment to Reinvestment: When you are selecting a software vendor, you will want to make sure they are continuously working to improve the product’s performance. Be sure to ask about their roadmap for the future or how much they have invested in the product over the past 3-5 years. Technology across the board improves extensively every year (Have you seen the Apple Watch?! ), thus you should expect your solution to improve as well.

4. Feedback from Clients: Everyone has a voice that wants to be heard, so make sure your vendor is willing to listen to you! Ask them how they measure client satisfaction and what channels they have enabled for Clients to provide feedback on the product.

5. Statistics: Numbers speak louder than words. Ask your potential providers what statistics they can provide you. Who else is using the software? What awards has the software won? Can they provide a Return on Investment presentation for your company?

Are there any other major considerations when searching for software? Share them in the comments!

 



Sky-High Potential in the Big Apple

By | September 12, 2014

In a recent article posted on CNN Money, the author showcased the newest luxury condo buildings that are being constructed in New York City. With space being limited in the United States’ most populous city, developers are looking to the sky with their most recent residential projects and are breaking records while doing so. shutterstock_50602813-resized-600

The tallest project is called the Nordstrom Tower, set to be completed in 2018. This structure will stand at 1,775 feet, one foot shy of the brand new One World Trade Center. Over the next four years, midtown Manhattan is set to have some of the most high profile luxury condos this country has ever seen.

There is already a monster market for luxurious places to live in New York and it is very fitting that the Big Apple is getting taller. “The taller it is, the more prestigious it is. People want trophy homes,” Eric Trump, Son of Donald Trump.

Some of these condos reach upwards of $100 Million to own and the momentum to be the tallest and biggest is faster than ever. Property managers in New York should make their presence known not only on the skyline of Manhattan, but on the Internet. To do so you need a property management software like VaultWare Apartment Marketing Solutions.

No matter the size or square footage of the structure, utilizing a robust end to end property management software to manage your properties is an essential tool to maximize the potential of your real estate.

What do you think of this huge boom in residential projects? Leave your comments in the section below.



Visit with MRI this Fall!

By | September 10, 2014

With all the hype about the upcoming International Users Conference (IUC), it’s probable that you haven’t heard where else you can meet with members of the MRI team this fall. shutterstock_108194456-resized-600

While the IUC certainly provides the highest concentration of MRI staff members all in one location, we can also be found scattered throughout the United States visiting our partners, clients, and attending local shows. Here are a few places where you can find us in the coming months:

IFMA - September 17-19, Earnest Morial Convention Center, New Orleans, Louisiana

MFE - September 22-24, Bellagio, Las Vegas, Nevada

NEAHMA - October 14-15, The Four Points by Sheraton, Norwood, Massachusetts

NAHMA- October 26-28, The Fairmount Washington, Washington, DC

NMHC OpTech - November 17-19, Hilton Orlando Bonnet Creek, Orlando, Florida

AHF Live! - November 19-21, Fairmount Chicago Millenium Park, Chicago, Illinois

We hope to see you at one (or more!) of these events. If you’re unable to visit us at a show, follow MRI on FacebookTwitter, and LinkedIn to receive the latest MRI news. This very blog also offers great MRI information on a regular basis throughout the work week, so be sure to add it to your RSS feed!

For the most accurate information about where to find MRI, be sure to email or call your Account Executive. We look forward to talking to each of our clients whether it’s by phone, email, or in person!



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