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 Real Estate CRM (Customer Relationship Management) system is a software tool designed specifically for real estate professionals to manage and analyze client interactions and data throughout the customer lifecycle, improving client relationships and driving sales growth.
Real estate community building involves intentionally fostering social connections, shared purpose, and mutual support among residents or stakeholders within a property or neighborhood to enhance value, stability, and quality of life.
Real estate insurance provides financial protection for property owners and investors against losses from damage, theft, and liability, serving as a critical risk management tool and a common requirement for property financing.
Real Estate Investment Execution is the comprehensive process of implementing an investment strategy, from deal sourcing and acquisition through property management, value-add activities, and eventual disposition, to achieve financial objectives.
Real estate permits are official government authorizations required for construction, renovation, or alteration of property, ensuring compliance with building codes, zoning laws, and safety standards.
Real estate software comprises specialized digital tools and applications designed to help investors, agents, and property managers streamline operations, analyze deals, and manage properties more efficiently.
Documented, repeatable steps and procedures that standardize operations, enhance efficiency, and enable scalability in a real estate investment business.
A reasonable accommodation is a change, exception, or adjustment to a rule, policy, practice, or service that may be necessary for a person with a disability to have an equal opportunity to use and enjoy a dwelling, as mandated by the Fair Housing Act.
Receivables management in real estate is the strategic process of optimizing rent collection, minimizing delinquencies, and managing tenant accounts to maximize cash flow and protect asset value.
Regulatory compliance in real estate investing refers to adhering to all applicable federal, state, and local laws, rules, and regulations governing property acquisition, ownership, management, and disposition to avoid legal penalties and financial losses.
A rehab budget is a comprehensive financial plan detailing all anticipated costs for renovating a real estate property, essential for projecting profitability and managing project expenses.
Rehab costs are all expenses incurred to repair, renovate, or improve a real estate property, directly impacting its value and investment profitability.
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