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 lien is a legal claim or right against a property, granted to a creditor, which serves as security for a debt or obligation until it is satisfied.
Lis Pendens is a recorded legal notice indicating that a lawsuit has been filed concerning the title to or possession of specific real property, warning that any subsequent interest in the property will be subject to the outcome of the litigation.
Listing optimization is the strategic process of enhancing a property's online and offline presentation to attract the maximum number of qualified buyers or tenants, leading to a faster sale or lease at the best possible price.
Litigation in real estate refers to the process of resolving disputes through the legal system, typically involving lawsuits filed in court. It addresses disagreements over property ownership, contracts, landlord-tenant issues, and other real estate matters.
A financial institution responsible for managing the administrative tasks of a mortgage loan, including collecting payments, managing escrow accounts, and communicating with borrowers, on behalf of the loan owner.
A long-term rental involves leasing a property to a tenant for an extended period, typically 12 months or more, providing investors with consistent monthly income and potential property appreciation.
The Loss Factor in commercial real estate measures the proportion of a tenant's rentable space that is allocated to common areas and not directly usable. It's calculated as the ratio of rentable square footage to usable square footage, impacting effective rent and property efficiency.
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.
Loss of Income Protection is a type of insurance that reimburses real estate investors for lost rental income when their property becomes uninhabitable due to physical damage from a covered event, such as a fire or storm.
Maintenance costs are the ongoing expenses required to keep a real estate property in good repair, functional, and habitable, directly impacting an investor's profitability and cash flow.
A material defect is a significant issue with a property that substantially affects its value, desirability, or safety, and would influence a reasonable buyer's decision to purchase or the price they would pay.
A crucial metric measuring the percentage of existing members or tenants that an organization or property successfully retains over a specific period, directly impacting long-term profitability and operational efficiency in real estate.
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