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.
Operational risk in real estate refers to the potential for losses resulting from inadequate or failed internal processes, people, and systems, or from external events impacting property operations and investment performance.
Out-of-state investing involves purchasing and managing investment properties in a different state from your primary residence, often to access better market opportunities or higher returns.
Outsourcing in real estate involves delegating specific tasks or functions to external third-party providers to improve efficiency, reduce costs, and allow investors to focus on core investment strategies.
The owner-operator model in real estate investing involves an investor directly managing their own investment properties, handling all aspects from tenant relations to maintenance, rather than outsourcing these tasks to a third-party property management company.
A payment bond is a type of surety bond that guarantees subcontractors and suppliers will be paid for their work and materials on a construction project, protecting them from non-payment by the general contractor.
A pest inspection is a professional examination of a property to detect the presence of wood-destroying organisms like termites and other pests, as well as conditions conducive to infestations.
Physical deterioration refers to the loss in value of a property due to wear and tear, decay, or structural damage over time. It is a form of depreciation that directly impacts a property's market value and investment returns.
The network of pipes, fixtures, and drains within a property that handles the supply of fresh water and the removal of wastewater, crucial for property functionality and value.
Portfolio longevity refers to the ability of a real estate investment portfolio to remain profitable and sustainable over an extended period, often decades, through various market conditions.
Productivity in real estate measures how efficiently an investor uses resources like time, money, and effort to generate income and achieve investment goals, aiming to maximize output from minimal input.
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.
A financial report summarizing a property's revenues, costs, and expenses over a specific period, typically a quarter or a year, to determine its net profit or loss.
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