MRI Software vs Re-Leased

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Our analysts compared MRI Software vs Re-Leased based on data from our 400+ point analysis of Property Management Software, user reviews and our own crowdsourced data from our free software selection platform.

MRI Software Software Tool

Product Basics

MRI is a real estate management suite consisting of four offerings: Platform X, Application Gateway, Analytix, and Secure Sign. Platform X helps integrate with third-party applications, create a centralized management environment and access information online. Application Gateway provides a single point of entry for Platform X, data integrations, cross-functional workflows and access to the MyMRI support portal.

Analytix includes reporting, data visualization, portfolio analysis, ad hoc querying and interactive dashboards. Secure Sign securely manages e-signatures, sets workflows for document management and streamlines transaction and contracts processes.
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Re-Leased is a cloud-based solution that centralizes accounting, leasing, maintenance and management workflows. It’s mobile-optimized and accessible via any device. Managers can consolidate accounting and leasing data in a unified place for analysis and reduce the administrative burden with unique automation capabilities.

It provides a business analytics module, a mobile app and external integrations for optimization. Businesses can onboard unlimited properties and team members and streamline processes with collaboration features.
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Product Assistance

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Product Insights

  • Reduce TCO: Save time and resources spent on software maintenance and IT infrastructure by hosting the platform on the vendor’s server. Ensure fast performance with tier 1 ISP and use Gartner Magic Quadrant for data center networking. 
  • Ensure Accuracy: Eliminate manual error by automating administrative tasks, ensuring accurate data entry across all fronts, including leasing, accounting, work order, invoicing and more. 
  • Streamline Accounting: Mitigate risks and capitalize on opportunities using the accounting module that supports AP automation, vendor invoicing, property and tenant-specific ledgers, budgeting, forecasting, and more. 
  • Custom Integrations: Connect with over 150 partnered third-party software to add unique functionalities like rent analysis, ILS channels, marketing suite, payment processors and more. 
  • Centralize Management: Avoid working on disparate platforms and use unified software to manage marketing, maintenance and accounting of the entire portfolio. 
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  • Time Efficiency: Automate routine tasks such as rent collection and lease renewals, freeing up valuable time for strategic decision-making.
  • Centralized Data: Store all property-related information in one place, ensuring easy access and reducing the risk of data loss.
  • Enhanced Communication: Streamline communication with tenants and stakeholders through integrated messaging and notification systems.
  • Financial Accuracy: Improve financial management with automated invoicing, expense tracking, and real-time financial reporting.
  • Compliance Management: Stay compliant with local regulations by automating compliance tasks and maintaining up-to-date records.
  • Scalability: Easily scale your property management operations as your portfolio grows without a proportional increase in workload.
  • Tenant Satisfaction: Enhance tenant experience with a user-friendly portal for maintenance requests, payments, and communication.
  • Risk Mitigation: Reduce risks associated with manual errors and missed deadlines through automated reminders and alerts.
  • Customizable Reporting: Generate tailored reports to gain insights into property performance and make data-driven decisions.
  • Remote Accessibility: Access the platform from anywhere, allowing for flexible management and quick responses to issues.
  • Cost Savings: Lower operational costs by reducing the need for manual labor and minimizing errors that could lead to financial losses.
  • Improved Collaboration: Facilitate better teamwork with shared access to property data and collaborative tools for property managers and staff.
  • Maintenance Efficiency: Streamline maintenance workflows with automated scheduling, tracking, and vendor management.
  • Data Security: Protect sensitive information with robust security measures, ensuring data integrity and confidentiality.
  • Tenant Retention: Increase tenant retention rates by providing a seamless and responsive property management experience.
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  • Property Management: Manage residential and commercial properties under a comprehensive system and control the entire business lifecycle. Scale and adapt to strategic shifts with a customizable open API solution. 
  • Property Accounting: Centralize data, streamline accounting, comply with new lease regulations and automate payables from a unified dashboard. Additional capabilities can be added through integration with Partner Connect, giving access to third-party tools for accounts receivable automation, electronic payments, debt collection and more. 
  • Risk Management: Choose suitable residents, eliminate rental fraud and protect the community with the following tools: 
    • Identity Verification: Mitigate risks and prevent fraudulent parties from entering the property by verifying IDs before tours or showings. Leasing agents can perform unlimited scans to verify passports, driving licenses and more, and receive instant results. 
    • Resident Screening: Maximize financial performance and reduce delinquencies with a customizable screening process using a proprietary AccuScore analytical model. Tailor the process for all housing types, including conventional, affordable, public, military, student and senior housing. 
    • Multifamily Insurance: Include resident insurance as part of a lease to reduce liability. Protect properties, residents and owners in case of disasters and easily manage active policies and claims. 
  • Asset Management: Analyze investment opportunities, identify risks and manage assets at both the investment and property levels with the following: 
    • Investment Central: Monitor data from a central repository to manage investments and drill down on opportunities with a better-informed portfolio view and strategies. 
    • Asset Modeling: Monitor, analyze and forecast the current and future state of portfolio assets. Leverage sensitivity scenarios to anticipate market and tendency changes, and reduce risk exposure. 
    • Analytix Portal: Gain actionable insights and clean data with the flexible BI module. Visualize data, maximize performance, optimize profitability, analyze geospatial data and more. 
  • Debt Modeling: Model multiple contract debt scenarios for optimal deal structure and improve decision making with centralized storage of all data, an arrears calculation engine and comprehensive forecasting and reporting. 
  • Lease Abstraction: Save time and error by extracting data from leases using AI. Review leases with a proprietary Optical Character Recognition (OCR) engine, converting them into machine-readable text. Each extracted data point is linked with the source material to maintain a complete audit trail. 
  • Lease Management: Access a single source for all data points for managing lease contracts, including start and end dates, security deposits, personalized clauses, lease terms, documentation and more. 
  • Lease Accounting: Maintain compliance with core accounting regulations, including ASC 840 and the new FASB ASC 842, IASB IFRS 16 and GASB 87 standards. Automate calculations, save time, reduce errors and maintain an accurate audit trail by capturing data at the source, eliminating multiple entries. 
  • Facility Management: Ensure on-time maintenance and provide improved services to tenants while decreasing costs and overheads with the following modules: 
    • Workspeed: Manage, view and create work orders and maintain accurate records. Leverage the industry’s best practices and standards to perform preventive maintenance and extend assets’ life spans. Provide managers, owners, tenants and vendors with a common messaging platform via the web-based mobile communication hub. 
    • Visitor Management: Provide building security personnel with an intuitive interface to register and check-in visitors and verify identification. Managers can access accurate, real-time lobby data, and residents can electronically pre-register guests. 
  • Space Management: Increase efficiency and reduce costs with better utilization of real estate space. Plan department allocation, CAD floor layouts, seating charts, personnel moves, space chargebacks and more. Streamline HR, IT and security team processes on a centralized platform. 
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  • Business Analytics: Centralize data from every disparate source for a data-driven business model: 
    •  Access real-time data for each property, tenant and region to drill down on KPIs such as arrears, yields, lease lengths and more. 
    •  Leverage unique templates to design custom reports with personalized metrics and export them in a PDF format for board meetings and presentations. 
    •  Use predetermined intelligence metrics or create custom ones to tailor dashboards. 
  • Task Management: Automate repetitive tasks, save time and promote efficiency throughout the work chain. 
    •  Use the interactive calendar to stay on top of every event and business process. Receive reminders and notifications for upcoming renewals, collections, meetings and more. 
    •  Drag and drop events on the calendar to schedule activities. Assign tasks to managers and let them track daily work progress from the dashboard. 
    •  Automate rent collection, invoice sending and transaction recording to reduce administrative legwork. Prepare budgets and arrears using predetermined templates with a single click. 
  • Accounting: Choose between trust or client accounting and automate transaction matching and reconciliations. Maintain separate ledgers for every unit while automating invoice generation and bills payable. Integration with Xero and QuickBooks offers in-depth cloud accounting. 
  • Property Management: Schedule property inspections, notify concerned parties and update and block their calendars automatically. View maintenance history, log issues and assign vendors for tasks during inspections. 
  • Mobile App: Allows tenants to submit maintenance requests, store leases and check inspection dates. Owners can check property statuses, assign tasks to managers and store documents. Enables managers to view arrears, property information, upcoming projects and maintenance work progress. Provides a holistic view of business operations and facilitates remote workflows. 
  • Integrations: Offers multiple integrations for streamlining accounting and property management workflows, including Fixflo, Inspection Express, Office365, Google Calendar and more. 
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Product Ranking

#30

among all
Property Management Software

#62

among all
Property Management Software

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Analyst Rating Summary

86
69
90
76
84
84
71
69
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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

MRI Software
Re-Leased
+ Add Product + Add Product
Accounting & Financial Management Business Operations Dashboards And Reporting Leasing Maintenance Marketing Platform Capabilities 90 84 71 90 85 83 98 76 84 69 65 83 17 83 0 25 50 75 100
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86%
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7%
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Analyst Ratings for Technical Requirements Customize This Data Customize This Data

50%
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User Sentiment Summary

Great User Sentiment 79 reviews
Excellent User Sentiment 187 reviews
87%
of users recommend this product

MRI Software has a 'great' User Satisfaction Rating of 87% when considering 79 user reviews from 3 recognized software review sites.

91%
of users recommend this product

Re-Leased has a 'excellent' User Satisfaction Rating of 91% when considering 187 user reviews from 3 recognized software review sites.

4.8 (4)
n/a
3.9 (9)
4.8 (26)
n/a
4.48 (81)
4.4 (66)
4.5 (80)

Awards

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Re-Leased stands above the rest by achieving an ‘Excellent’ rating as a User Favorite.

User Favorite Award

Synopsis of User Ratings and Reviews

Streamlined Accounting: MRI's capabilities simplify complex accounting tasks, such as managing multiple bank accounts and generating financial reports. The software also offers features like automated invoicing and online payment processing, which can save property managers time and effort.
Comprehensive Tenant Management: MRI provides tools for managing tenant information, including lease agreements, maintenance requests, and communication history. This can help property managers stay organized and efficient, and it can also improve communication and relationships with tenants.
Efficient Maintenance Management: MRI offers features for tracking maintenance requests, scheduling repairs, and managing vendor relationships. This can help property managers ensure that maintenance issues are addressed promptly and efficiently, which can improve tenant satisfaction and protect the value of the property.
Improved Reporting and Analytics: MRI provides a variety of reporting and analytics tools that can help property managers track key performance indicators, identify trends, and make data-driven decisions. This information can be used to improve operations, reduce costs, and increase profitability.
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Streamlined Tenant and Lease Management: Users praise Re-Leased for simplifying complex lease management tasks, allowing efficient tracking of lease terms, rent payments, and tenant communications.
Improved Financial Visibility: The platform's robust reporting features provide a clear overview of financial performance, enabling better decision-making and financial planning.
Enhanced Communication and Collaboration: Re-Leased facilitates seamless communication between property managers, tenants, and owners, fostering transparency and collaboration.
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Steep Learning Curve: Users report that MRI is not intuitive and requires extensive training to use effectively. The interface can be overwhelming for new users, and the software's complexity can lead to frustration and inefficiency.
Customization Challenges: While MRI offers customization options, users find the process to be cumbersome and time-consuming. Implementing custom features often requires assistance from MRI's support team or third-party consultants, which can be costly and inconvenient.
Reporting Limitations: Generating reports in MRI can be challenging due to the software's complex data structure and limited reporting capabilities. Users often need to export data to external tools for further analysis, which adds complexity to the reporting process.
Integration Issues: Integrating MRI with other software systems can be difficult due to compatibility issues and data mapping challenges. This can hinder data flow and create inefficiencies in workflows that involve multiple systems.
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Reporting Limitations: Users express frustration with the limited reporting functionality, particularly the inability to customize reports to meet specific needs. This makes it difficult to extract meaningful insights from the data.
Steep Learning Curve: The software's interface is not considered intuitive by many users, leading to a longer onboarding process and difficulty in fully utilizing its features. This is especially challenging for teams with varying levels of technical expertise.
Lack of Integrations: Re-Leased lacks seamless integration with other commonly used property management tools, requiring manual data entry and creating inefficiencies in workflow.
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MRI Software has established itself as a leading contender in the property management software arena, boasting a comprehensive suite of features that cater to diverse needs within the real estate sector. Users frequently highlight its adaptability and scalability, enabling it to seamlessly accommodate the complexities of managing various property types, from residential complexes to commercial properties. The software's capacity to streamline essential tasks, such as lease administration, rent collection, and maintenance management, has garnered significant praise for its ability to enhance operational efficiency and optimize workflows. However, some users have noted that MRI Software's extensive functionality can lead to a steeper learning curve, particularly for those transitioning from simpler platforms. Additionally, while the software offers integration capabilities, some users have expressed a desire for more seamless connectivity with third-party applications to further enhance data synchronization and process automation. Despite these considerations, MRI Software's robust feature set, coupled with its adaptability and scalability, positions it as an ideal solution for property management companies, real estate investors, and businesses seeking a comprehensive platform to effectively manage their property portfolios.

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Are you looking for software that will re-lieve the stress of property management? User reviews from the last year suggest Re-Leased is a popular choice for managing commercial properties, but it's not without its drawbacks. Users praise its ease of use and time-saving features, such as automated rent collection and a calendar dashboard that displays key dates like lease expirations. One user raved about how Re-Leased simplified their workflow, allowing them to focus on strategic decision-making instead of getting bogged down in tedious tasks. However, some users have expressed concerns about the software's pricing, which is based on the number of tenants, and the level of customer support provided. One user felt the price was a bit steep, especially for smaller property management companies, and wished there was a more budget-friendly option. Others desired more responsive and helpful customer support. Despite these criticisms, Re-Leased stands out for its robust integrations with popular accounting software like Xero, allowing for seamless financial management. Its cloud-based nature provides users with the flexibility to access their data from anywhere with an internet connection. Overall, Re-Leased seems best suited for established commercial property management companies who value automation, data-driven insights, and seamless accounting integration. Smaller businesses or those on a tight budget might find the pricing prohibitive and may need to explore alternative options like Buildium, Yardi Breeze, SimplifyEm, or DoorLoop.

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