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.
Lease assignment is the legal transfer of an existing tenant's entire interest and obligations in a lease agreement to a new tenant for the remainder of the lease term.
A lease clause is a specific provision within a lease agreement that outlines the rights, responsibilities, and obligations of both the landlord and the tenant, ensuring clear expectations and legal protection.
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.
The lease expiration date is the specific day a rental agreement legally ends, requiring tenants to vacate or renew, and allowing landlords to adjust terms or seek new occupants.
Lease renewal is the process where a landlord and tenant agree to extend an existing lease agreement beyond its original term, often involving new terms like rent adjustments.
The lease term is the specific duration or length of time, defined in a lease agreement, for which a tenant agrees to rent a property from a landlord.
Lease-up refers to the critical period following the completion of a new or renovated income-producing property, during which the property is actively marketed and leased to achieve stabilized occupancy and rental income.
The lease-up period is the time frame during which a newly constructed or significantly renovated rental property attracts and secures its initial tenants, moving from vacant to stabilized occupancy.
The lease-up phase is the period after a property's completion or acquisition during which the owner actively secures tenants to achieve a target occupancy rate, transitioning the asset from vacant to income-producing.
Leasing commissions are fees paid to a real estate agent or broker for finding a tenant and securing a lease for a rental property. They compensate for marketing, showing, and tenant screening services.
Leasing velocity measures the rate at which vacant real estate units or square footage are successfully leased or re-leased over a specific period, reflecting market demand and operational efficiency.
Liability insurance protects property owners from financial losses due to claims of injury or property damage caused to others on their property, covering legal costs and settlements.
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