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.
The 5-Hour Real Estate Week is a strategic framework for real estate investors focused on maximizing portfolio returns and growth while minimizing active time commitment through automation, delegation, and optimized systems.
An absentee owner is an individual or entity that owns real estate but does not reside in or personally manage the property, typically living in a different geographic location.
Accounts Payable (AP) represents the short-term financial obligations a real estate investor owes to vendors for goods or services received but not yet paid, crucial for cash flow management.
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.
Accounts Receivable (AR) represents money owed to a real estate investor by tenants or other parties for services rendered or goods provided, such as rent, late fees, or repair charges.
Accrued revenue represents income that a real estate entity has earned through services or assets provided but has not yet received in cash or formally billed to the client. It is recognized as an asset on the balance sheet.
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.
An affluent tenant is a renter with a high income, excellent credit, and a strong financial background, typically seeking premium properties and high-quality amenities.
Annual Property Operating Data (APOD) is a detailed financial statement that summarizes a property's income and expenses over a 12-month period, culminating in its Net Operating Income (NOI). It is a critical tool for evaluating the profitability and investment potential of real estate.
An application fee is a non-refundable charge paid by a prospective tenant to a landlord or property manager to cover the costs associated with processing a rental application, including background and credit checks.
A recurring fee paid to the general partner or sponsor of a real estate investment for strategic oversight and management of the underlying assets, aimed at maximizing overall investment value.
Asset misappropriation is the fraudulent theft or misuse of an organization's assets by employees, often involving cash, inventory, or property, and is a significant risk in real estate operations.
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