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.
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.
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 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.
Bad debt in real estate refers to rental income or other payments owed by tenants that are unlikely to be collected, directly impacting an investor's cash flow and profitability.
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.
Bookkeeping is the systematic recording of all financial transactions related to your real estate investments, including income, expenses, assets, and liabilities, to maintain a clear financial record.
A cleaning fee is a charge collected by a landlord from a tenant, either upfront or from a security deposit, to cover the cost of cleaning a rental property upon lease termination.
Co-hosting in real estate refers to a partnership where a property owner collaborates with an experienced individual or company to manage their short-term rental property, sharing responsibilities and often a percentage of the rental income.
Direct costs are expenses directly tied to a specific real estate project or property, such as materials, labor, and permits, making them easy to assign and track.
Drones in real estate are unmanned aerial vehicles (UAVs) used to capture aerial photos, videos, and data for property marketing, inspections, and land surveys, offering unique perspectives and detailed insights.
The complete network of components, including wiring, panels, outlets, and switches, that distributes electrical power throughout a real estate property, essential for safety and functionality.
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.
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