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 tenant ledger is a comprehensive financial record detailing all monetary transactions between a landlord and a specific tenant, tracking charges and payments chronologically.
Tenant non-payment occurs when a tenant fails to pay rent or other agreed-upon charges by the due date, violating the terms of their lease agreement.
Tenant retention refers to the strategies and efforts property owners and managers use to encourage existing tenants to renew their leases, minimizing vacancies and turnover costs.
Tenant rights are the legal protections and entitlements afforded to individuals who rent property, ensuring fair treatment, safe living conditions, and protection against discrimination and unlawful eviction.
Tenant screening is the process landlords use to evaluate potential renters, assessing their reliability, financial stability, and past rental behavior to minimize risks and ensure a good fit for the property.
Tenant screening criteria are the specific standards and qualifications landlords use to evaluate prospective renters, ensuring they select reliable tenants who can meet their lease obligations and maintain the property.
Tenant solvency refers to a prospective or current tenant's financial ability to meet their rental obligations and other financial commitments, indicating their reliability as a renter.
The rate at which tenants move out of rental properties, requiring landlords to find new occupants. It's a critical metric for assessing property management efficiency and financial performance.
Tenant turnover costs are the total expenses incurred by a landlord or property owner when a tenant vacates a rental unit, encompassing direct costs like cleaning, repairs, and marketing, as well as indirect losses such as lost rental income during vacancy periods.
Time blocking is a productivity technique where you allocate specific blocks of time in your calendar to focus on particular tasks, treating these blocks as firm appointments. It helps real estate investors manage diverse responsibilities, prioritize high-value activities, and minimize distractions.
Time management in real estate investing involves organizing and planning how to divide your time between specific activities to maximize efficiency and achieve investment goals.
Trailing 12 Months (T-12) is a financial report that aggregates a property's income and expenses over the most recent 12-month period, providing a current and accurate snapshot of its operational history for investment analysis.
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