Tenant relations, maintenance, operational efficiency, rent collection, and property improvements.
Master property management & operations with our progressive approach
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 folio number is a unique identification code assigned to a specific parcel of land or property by local government agencies, primarily for record-keeping, taxation, and legal purposes.
A forensic audit in real estate is a detailed examination of financial records and operational procedures to uncover discrepancies, fraud, or mismanagement, often used in legal proceedings or dispute resolution.
Forward integration in real estate is a growth strategy where an investor or company expands control over subsequent stages of the value chain, moving closer to the end-user or consumer. This typically involves taking on activities like property management, sales, or leasing that were previously outsourced.
Foundation issues refer to structural problems affecting a property's base, often caused by soil movement, water damage, or poor construction, leading to significant repair costs and impacting property value.
A general contractor is a professional responsible for overseeing and managing all aspects of a construction or renovation project, ensuring it is completed on time, within budget, and to quality standards.
Gross income in real estate is the total revenue a property generates from all sources before any expenses, taxes, or deductions are subtracted. It represents the initial, unfiltered earnings.
A gross lease is a rental agreement where the tenant pays a fixed, all-inclusive rent, and the landlord covers most or all of the property's operating expenses, such as taxes, insurance, and utilities.
Gross Monthly Rent is the total amount of rent collected or scheduled to be collected from a property in a single month, before any operating expenses or mortgage payments are deducted.
Gross negligence is a severe form of carelessness, demonstrating a conscious and voluntary disregard for the safety or rights of others, often leading to significant harm or loss in real estate contexts.
Gross Potential Income (GPI) is the maximum possible revenue a rental property could generate if all units were fully occupied at market rent, including all other income sources, before accounting for expenses.
Gross Potential Rent (GPR) is the maximum total income a rental property could generate if all units were occupied and all rent was collected at market rates, before accounting for vacancies or expenses.
Gross profit represents the revenue remaining after deducting the direct costs associated with producing or acquiring the goods sold or services rendered, before accounting for operating expenses, interest, and taxes. It is a key indicator of a property's or business's operational efficiency.
Explore complementary areas that build on property management & operations concepts
Personal budgeting, expense tracking, cash flow management, emergency funds, and savings strategies.
Credit scores, debt consolidation, loan management, credit repair, and debt payoff strategies.
Macroeconomic concepts, interest rates, inflation, Federal Reserve policy, and economic cycles.
Wills, trusts, estate taxes, succession planning, beneficiary planning, and wealth preservation.