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.
Asset misappropriation is the fraudulent theft or misuse of an organization's assets by employees, often involving cash, inventory, or property, and is a significant risk in real estate operations.
Asset utilization in real estate measures how efficiently an investment property generates revenue or achieves its operational objectives relative to its full capacity, indicating efficiency in resource deployment.
Auditing in real estate investment is a systematic, independent examination of financial records, operational processes, and compliance adherence within an investment entity or property to ensure accuracy, efficiency, and regulatory conformity.
Automated messaging involves using pre-programmed digital communications (emails, SMS) to automatically engage with leads, tenants, or investors based on specific triggers or schedules, streamlining real estate operations and enhancing communication efficiency.
Automatic renewal refers to a contractual provision where an agreement, such as a lease or service contract, continues for a specified period unless one party provides timely notice of termination.
The Average Collection Period measures the average number of days it takes for a real estate investor to collect payments after a sale or service, typically rent or other receivables. It indicates the efficiency of a property's collection process.
Backflush costing is an accounting method that delays the recording of costs until the production or completion of a real estate development project, simplifying the accounting process by eliminating detailed tracking of work-in-process inventory.
Bad debt in real estate refers to rental income or other payments owed by tenants that are unlikely to be collected, directly impacting an investor's cash flow and profitability.
Bad debt expense is the portion of accounts receivable, such as unpaid rent, that a real estate investor determines is uncollectible. It represents an estimated loss from revenues that will not be recovered, directly impacting a property's profitability.
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.
Benchmarking in real estate investing is the process of comparing a property's or portfolio's performance metrics against industry standards, similar properties, or a competitor's performance to identify areas for improvement and assess relative success. It helps investors understand how their assets stack up against the market.
Bookkeeping is the systematic recording of all financial transactions related to your real estate investments, including income, expenses, assets, and liabilities, to maintain a clear financial record.
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