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 (19 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 Homeowners Association (HOA) is a private organization that establishes and enforces rules for a planned community, maintaining common areas and collecting fees from property owners.
Homeowners Association (HOA) fees are mandatory monthly or annual payments made by property owners in planned communities, condominiums, or townhomes to cover the costs of maintaining common areas and shared amenities.
Charges levied by online booking platforms on property owners (hosts) for listing and facilitating bookings of short-term rental properties, directly impacting profitability.
Housing discrimination is the illegal practice of treating individuals unfairly in housing-related matters based on protected characteristics such as race, religion, sex, or disability, violating federal and local fair housing laws.
The Hub and Spoke Model is an advanced real estate investment strategy that centralizes high-value operations or assets (the 'hub') while decentralizing complementary, often smaller, assets (the 'spokes') to optimize efficiency, diversify risk, and enhance market reach across a portfolio.
In-place leases are the active rental agreements on a property at the time of acquisition or valuation, directly determining its current income stream and influencing its market value.
Income stability refers to the consistency and predictability of rental revenue generated by an investment property, minimizing fluctuations and ensuring reliable cash flow for investors.
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.
Incremental progress is a strategy in real estate investing that involves achieving large goals by breaking them into small, consistent, and manageable steps, leading to significant long-term results.
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.
Internal controls are systematic processes and procedures implemented by real estate investors and property managers to safeguard assets, ensure the accuracy and reliability of financial data, promote operational efficiency, and ensure compliance with laws and regulations. They are critical for mitigating risks and achieving investment objectives.
The Internet of Things (IoT) in real estate involves embedding smart sensors and devices within properties to collect and exchange data, enabling remote control, automation, and data-driven insights for optimized property management and enhanced investment returns.
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