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.
Inventory valuation in real estate is the process of assigning a monetary value to properties held for sale or development, crucial for financial reporting and investment analysis.
Investment control in real estate refers to the degree of influence and decision-making authority an investor has over their real estate assets, operations, and investment vehicles.
The total monetary inflows an investor receives from their real estate assets, including rental income, loan repayments, or distributions from partnerships, before deducting any expenses.
Just Cause Eviction laws require landlords to have a legally specified, valid reason to terminate a tenancy, providing significant protection to tenants against arbitrary evictions.
A landlord is an individual or entity that owns real estate and offers it for rent or lease to tenants, undertaking responsibilities from property maintenance to legal compliance and financial management.
Landlord entry rights define the legal conditions under which a property owner can access a rented unit, balancing their maintenance needs with a tenant's right to privacy and quiet enjoyment, typically requiring advance notice.
Landlord responsibilities are the legal and ethical duties property owners owe to their tenants and rental properties, encompassing maintenance, safety, legal compliance, and financial management to ensure habitability and fair treatment.
Landlord rights are the legal entitlements and protections afforded to property owners who lease their real estate to tenants, allowing them to manage their investments, collect rent, and enforce lease agreements within legal boundaries.
Landlord-tenant law is the body of statutes and ordinances governing the legal relationship between property owners and renters, defining their rights and responsibilities regarding leases, rent, maintenance, and evictions.
Late fees are additional charges applied when a payment, such as rent or a mortgage, is not made by its due date, as outlined in a contract or lease agreement.
Lean Construction is a project delivery methodology that focuses on maximizing value and minimizing waste throughout the entire real estate development process, from design to occupancy. It applies lean manufacturing principles to construction to enhance efficiency, reduce costs, and improve project outcomes.
A legally binding contract between a landlord and a tenant that outlines the terms and conditions of renting a property, including rent, duration, and responsibilities.
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