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 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.
Auditing in real estate investment is a systematic, independent examination of financial records, operational processes, and compliance adherence within an investment entity or property to ensure accuracy, efficiency, and regulatory conformity.
Backflush costing is an accounting method that delays the recording of costs until the production or completion of a real estate development project, simplifying the accounting process by eliminating detailed tracking of work-in-process inventory.
Commercial lease review is the meticulous examination of a commercial lease agreement by an investor or their legal counsel to understand all terms, conditions, financial obligations, and potential risks before acquisition or execution.
A legal doctrine allowing a tenant to terminate a lease and vacate a property without liability for future rent, due to a landlord's actions or inactions that render the premises uninhabitable or unsuitable for its intended purpose, breaching the covenant of quiet enjoyment.
A Coworking Management Agreement is a contractual arrangement between a property owner and a flexible workspace operator, where the operator manages the coworking space in exchange for a fee, often a revenue share, without taking on a traditional lease.
The Critical Path Method (CPM) is a project management technique used to identify the sequence of activities that determines the shortest possible duration to complete a project, essential for optimizing real estate development timelines and resource allocation.
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.
A legally binding document signed by a tenant that certifies the current status, terms, and conditions of their lease agreement, providing critical verification for real estate buyers and lenders.
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.
An indemnification clause is a contractual provision where one party (the indemnitor) agrees to compensate the other party (the indemnitee) for losses, damages, or liabilities incurred due to specified events or actions.
Net Operating Income Margin is a profitability ratio that expresses Net Operating Income (NOI) as a percentage of Effective Gross Income (EGI), indicating how efficiently a property generates profit from its operations before debt service and taxes.
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