Tenant relations, maintenance, operational efficiency, rent collection, and property improvements.
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Foundation terms you need to know first (85 terms)
Base rent is the fixed, minimum rent amount paid by a tenant to a landlord for the use of a property, excluding additional charges like operating expenses, taxes, or utilities.
Activity ratios are financial metrics that measure how efficiently a company or investment property uses its assets to generate revenue. In real estate, they help investors assess operational efficiency and how quickly assets are converted into sales or cash.
Loss of income in real estate refers to a situation where an investor's expected rental revenue from a property is reduced or eliminated, often due to vacancies, tenant issues, or property damage.
Professional real estate photography involves hiring skilled photographers to capture high-quality images of a property, showcasing its best features to attract potential buyers or tenants and maximize its market appeal.
The Lease Commencement Date is the official date specified in a lease agreement when the tenant's rights and obligations, including rent payments and property responsibilities, legally begin.
Complex strategies and professional concepts (18 terms)
The Accounts Payable Turnover Ratio measures how quickly a company pays off its suppliers and short-term debts, indicating the efficiency of its working capital management and liquidity.
Income Statement Presentation for real estate investments involves the structured reporting of a property's revenues, operating expenses, and non-operating items over a specific period, providing a clear view of its financial performance and profitability.
Scaling a real estate portfolio involves the systematic and strategic expansion of property holdings, focusing on optimized operations, advanced financing, and strategic acquisitions to achieve exponential, sustainable growth and maximize long-term wealth.
A Digital Twin is a virtual, real-time replica of a physical real estate asset, continuously updated with data from sensors and other sources to enable advanced monitoring, analysis, and predictive modeling for optimized management and investment decisions.
Revenue Management in coworking spaces is a sophisticated strategy that applies dynamic pricing, demand forecasting, and inventory optimization techniques to maximize profitability and asset utilization within flexible workspace environments.
A financial institution responsible for managing the administrative tasks of a mortgage loan, including collecting payments, managing escrow accounts, and communicating with borrowers, on behalf of the loan owner.
A long-term rental involves leasing a property to a tenant for an extended period, typically 12 months or more, providing investors with consistent monthly income and potential property appreciation.
The Loss Factor in commercial real estate measures the proportion of a tenant's rentable space that is allocated to common areas and not directly usable. It's calculated as the ratio of rentable square footage to usable square footage, impacting effective rent and property efficiency.
Loss of income in real estate refers to a situation where an investor's expected rental revenue from a property is reduced or eliminated, often due to vacancies, tenant issues, or property damage.
Loss of Income Protection is a type of insurance that reimburses real estate investors for lost rental income when their property becomes uninhabitable due to physical damage from a covered event, such as a fire or storm.
Maintenance costs are the ongoing expenses required to keep a real estate property in good repair, functional, and habitable, directly impacting an investor's profitability and cash flow.
A material defect is a significant issue with a property that substantially affects its value, desirability, or safety, and would influence a reasonable buyer's decision to purchase or the price they would pay.
A crucial metric measuring the percentage of existing members or tenants that an organization or property successfully retains over a specific period, directly impacting long-term profitability and operational efficiency in real estate.
A mid-term rental is a property leased for a period typically ranging from one to six months, bridging the gap between short-term (vacation) and long-term (annual) rentals. It caters to specific tenant needs like traveling professionals, students, or those relocating.
Mold remediation is the specialized process of safely identifying, containing, and removing mold growth from a property, followed by cleaning and disinfection to prevent its return and protect property value and occupant health.
Negligence in real estate refers to a failure to exercise the reasonable care that a prudent person would have exercised in a similar situation, leading to harm or damage to another party. It is a critical concept in liability and risk management for real estate professionals and investors.
A Net 30 account is a trade credit agreement allowing a business to purchase goods or services and pay the invoice within 30 days, offering short-term, interest-free financing and an opportunity to build business credit.
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