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 roof system is the complete assembly of components that covers the top of a building, providing protection from weather and contributing to its structural integrity and value.
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 Scope of Work (SOW) is a detailed document in real estate investing that outlines all tasks, materials, timelines, and quality standards for a property renovation or development project, serving as a blueprint for all stakeholders.
The Section 8 Housing Program, officially known as the Housing Choice Voucher Program, is a federal initiative that helps low-income families, the elderly, and people with disabilities afford safe, decent, and sanitary housing in the private market.
A security deposit is a refundable sum of money collected by a landlord from a tenant at the start of a lease to cover potential damages, unpaid rent, or other lease violations.
A specialized bank account where a landlord holds a tenant's security deposit, separate from their personal funds, to ensure compliance with legal requirements and protect both parties' interests.
Security deposit laws are state and local regulations that dictate how landlords must collect, hold, and return security deposits, including limits, allowable deductions, and return timelines, to ensure fair practices in rental agreements.
A self-help eviction occurs when a landlord attempts to remove a tenant from a rental property without following the legally mandated eviction process, often by changing locks or shutting off utilities, which is illegal in most jurisdictions.
A service agreement is a legally binding contract between two or more parties, typically a service provider and a client, outlining the terms and conditions of services to be performed in a real estate transaction or property management.
A flexible office arrangement where multiple workers use a single physical workstation at different times, rather than each having a dedicated desk. This model optimizes space utilization and reduces overhead costs for businesses.
A short-term lease is a rental agreement typically lasting less than six months, commonly used for vacation rentals, corporate housing, or temporary stays, offering flexibility but often requiring more intensive management.
A property rented out for short periods, typically less than 30 days, to guests for temporary stays, often managed through platforms like Airbnb or Vrbo.
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