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.
Rental advertising is the process of promoting an available rental property to attract potential tenants, aiming to minimize vacancy and secure qualified renters efficiently.
Rental analysis is the process of evaluating a property's potential rental income and expenses to determine its profitability and investment viability.
A rental application is a form used by landlords to collect information from prospective tenants, helping them assess an applicant's financial stability, rental history, and overall suitability for a property.
Rental comparables are recently rented properties similar to a subject investment property, used to determine optimal rental prices, forecast income, and assess market demand.
Rental demand is the total number of prospective tenants actively seeking rental properties in a specific market, directly impacting occupancy rates and rental prices.
Rental history is a detailed record of an individual's past tenancy, providing landlords with insights into their payment habits, property maintenance, and adherence to lease agreements, crucial for tenant screening.
Rental income is the total revenue generated from an investment property through rent payments and other fees, before or after deducting operating expenses. It is a critical metric for evaluating a property's profitability and investment viability.
A rental listing is an advertisement for a property available for rent, providing essential details to attract potential tenants. It typically includes the rent price, property features, and tenant requirements.
A rental property is real estate purchased with the intent to generate income through tenant rent payments and potential property value appreciation.
Rental property depreciation is a non-cash tax deduction allowing real estate investors to recover the cost of an income-producing property over its useful life, excluding land value. It significantly reduces taxable income without requiring an out-of-pocket expense, thereby enhancing investment returns and cash flow.
Repairs in real estate refer to the work done to fix or restore a property to its original condition or to a functional state, addressing wear and tear, damage, or system failures.
A reserve account is a dedicated fund set aside by property owners or associations to cover future major repairs, replacements, and unexpected capital expenditures, ensuring the long-term stability of an investment property.
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