Brokermint vs MRI Software

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Our analysts compared Brokermint vs MRI Software 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

Brokermint is a real estate back office management software that automates and optimizes processes replacing paper-based workflows. It comes with transaction management that simplifies delegating tasks, requesting documents, keeping track of work and ensuring agents meet deadlines. Users can automatically calculate commission splits and create statements and reports with automated tracking and management. The team management tool auto-calculates commission. It seamlessly integrates and synchronizes data across multiple platforms.

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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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$99 Monthly
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$55 Monthly
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Product Assistance

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Product Insights

  • Simplify Transaction Management: Close deals faster and bring more clients on board by knowing where the agreement stands with efficient tracking and documentation of every step of the process. 
  • Save Time: Automate tedious and time-consuming administrative tasks. Oversee more transactions in less time by automating reminders, email with templates, eSignatures, and more. 
  • Streamline Back Office: Automate the crucial parts of commission management like checking sales reports, agency commission and generate commission reimbursement forms to simplify back-office operations. 
  • Centralized Data: Manage transactions faster by storing all the documents at one place. Organize and make data accessible from any device. Keep an eye on the real-time status of the team's work without disturbing anyone. 
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  • 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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  • Transaction Management: Make digital document management and eSignatures accessible and easy. Close contracts quickly and efficiently by digitally signing and securing forms. Ensure everyone is aware of the deadlines and deficiencies with automated and customized reminders. Centralize and organize crucial documents and communicate with multiple agents with a single click. Keep an eye on outstanding processes or documents with automated tracking. Identify, resolve and ensure compliance with digital signatures and automated follow-up. Stay audit-ready with automatic record-keeping and tracking. 
  • Reporting and Analytics: Get a comprehensive and detailed overview of how the agents and team perform on a single dashboard. Create custom reports with drag-and-drop features of the intuitive report builder. Check who the top producers are with the Agent Report Section. Identify who is facing bottlenecks and provide insightful mentoring. Minimize the possibility of error and gain transparency on all reports with automatization. Make accurate data-driven decisions by getting a broader view of the data and identifying the latest trends. Get a fully functional, easily accessible, cloud-powered procurement system and manage orders quickly and efficiently. Send notification alerts of closed deals, export data to CSV or Excel with pre-built reports. Ensure compliance with franchise rules and report production and avoid delays and penalties by integration with DASH. 
  • Commission Automation: Automatically switch between categories and modify commission split based on the production. Make sure that the agents get paid on time without any manual intervention. Establish team and cap contributions and keep an eye on how much each member contributed towards the group quota. Narrow down deposits and balance details at a transactional level and keep track of when the money came in and was released. Provide detailed commission statements with a breakdown of what the agents have earned. Boost the profit margins, and minimize administrative burden and automate the accounting process by integrating with leading third-party systems. 
  • Agent Management: Enjoy independence, flexibility while ensuring compliance, boosting productivity, and saving time with quick onboarding. Make sure that everyone in the organization is on the same page by creating clearly defined goals with the intuitive platform. Keep an eye on the agent’s profile and task’s progress alongside maintaining confidentiality, privacy, and security. 
  • Branding and While Label: Build brand and attract clients and agents to the website. Stay organized and informed throughout the process, even with multiple office locations. Ensure ease of use and security with a single sign-on account. 
  • Store Documents: Minimize paperwork and quickly pull documents out for review. Ensure that the documents are audit-ready by securely storing all files and organizing them adjacent to the transactions. 
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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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Product Ranking

#18

among all
Property Management Software

#30

among all
Property Management Software

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Analyst Rating Summary

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Analyst Ratings for Functional Requirements Customize This Data Customize This Data

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Accounting & Financial Management Business Operations Dashboards And Reporting Leasing Maintenance Marketing Platform Capabilities 90 84 71 90 85 83 98 0 25 50 75 100
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User Sentiment Summary

Excellent User Sentiment 791 reviews
Great User Sentiment 79 reviews
90%
of users recommend this product

Brokermint has a 'excellent' User Satisfaction Rating of 90% when considering 791 user reviews from 1 recognized software review sites.

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.

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4.8 (4)
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3.9 (9)
4.51 (791)
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4.4 (66)

Awards

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

User Favorite Award

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Synopsis of User Ratings and Reviews

Centralized Data: Consolidate all property and tenant information into a single, easily accessible platform, streamlining operations and enhancing collaboration.
Automated Workflows: Set up automated workflows for tasks such as rent collection, maintenance requests, and lease renewals, saving time and reducing errors.
Mobile Accessibility: Access Brokermint from anywhere, anytime on your smartphone or tablet, ensuring you stay connected and responsive to tenants and owners.
Customizable Reporting: Generate customized reports on key metrics such as occupancy rates, rent collection, and maintenance expenses, providing valuable insights for decision-making.
Tenant Screening: Integrate with leading tenant screening services to quickly and efficiently verify applicants, reducing risk and protecting your properties.
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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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Difficult to Manage Multiple Properties: Brokermint's interface can become cluttered and challenging to navigate when managing a large portfolio of properties.
Limited Customization Options: The software lacks flexibility in customizing workflows, reports, and property listings to meet specific business needs.
Data Entry Issues: Users have reported occasional data entry errors and inconsistencies, requiring manual intervention to correct.
Integration Challenges: Brokermint's integrations with third-party applications can be unreliable, leading to data syncing issues.
Costly Upgrades: Additional features and functionality often require costly upgrades, adding to the overall cost of using the software.
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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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Brokermint is a well-received property management software that users describe as reliable, user-friendly, and feature-rich. Its seamless integration with popular accounting and marketing tools has been particularly praised, as it streamlines workflows and saves time. Users also appreciate the software's customizable dashboards, which allow them to tailor the interface to their specific needs. Compared to competitors, Brokermint is said to offer a more intuitive user experience, making it easier for new users to get up to speed quickly. Its reporting capabilities are also considered a strength, providing users with detailed insights into their property performance. However, some users have expressed concerns about the software's occasional glitches and limited customization options. Additionally, the pricing structure has been criticized for being somewhat higher than some competitors. Despite these drawbacks, Brokermint remains a popular choice for property managers due to its comprehensive feature set, ease of use, and strong integrations. Brokermint is best suited for small to medium-sized property management companies looking for a reliable and user-friendly solution. Its intuitive interface, customizable dashboards, and seamless integrations make it an excellent option for streamlining operations and improving efficiency.

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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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