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.
Rehabbing is a real estate investment strategy focused on purchasing distressed properties, renovating them to increase value, and then selling or renting for a profit. It requires careful planning, budgeting, and execution to maximize returns.
Real estate rehabilitation is the process of extensively repairing and upgrading a distressed property to restore it to an improved condition, significantly increasing its value and functionality for sale or rent.
Relocation assistance refers to financial or logistical support provided to individuals or businesses to facilitate a move to a new location, often used by real estate investors to incentivize tenants to vacate a property for redevelopment or sale.
Remote property management involves overseeing investment properties from a distance using technology and specialized service providers, enabling investors to manage portfolios across different geographical locations efficiently.
A Renovation Plan is a comprehensive document outlining the scope of work, budget, timeline, and resources required for property improvements, crucial for managing real estate investment projects effectively and maximizing returns.
Rent collection is the systematic process by which landlords or property managers receive rental payments from tenants, encompassing payment terms, processing, tracking, and handling delinquencies to ensure consistent cash flow for investment properties.
Rent control refers to government-imposed limits on the amount landlords can charge for rent and the rate at which rents can be increased, typically enacted to promote housing affordability.
A rent escalation clause is a lease provision that mandates periodic increases in the base rent over the term of the lease, typically to account for inflation or rising operating costs.
Rent growth is the percentage increase in rental rates for a property or market over a specific period, directly impacting an investment's cash flow and valuation.
A rent increase is when a landlord raises the amount of money a tenant pays for rent, typically at the end of a lease term. It's a common practice to keep up with rising costs and market values.
A rent roll is a comprehensive document detailing a property's rental income, occupancy, and lease terms for each unit, essential for financial analysis and property management.
The Rent-to-Income Ratio (RTI) is a financial metric used by landlords and lenders to assess a tenant's ability to afford rent, calculated by dividing gross monthly rent by gross monthly income.
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