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.
The Warranty of Habitability is an implied legal guarantee that residential rental properties must be fit for human habitation, requiring landlords to provide and maintain safe, sanitary, and structurally sound living conditions.
Water conservation in real estate involves implementing practices and technologies to reduce water consumption in properties, leading to lower utility bills, increased property value, and a reduced environmental footprint.
Water damage refers to any destructive impact on a property caused by unwanted water, ranging from minor leaks to major flooding, leading to structural issues, mold, and significant repair costs for real estate investors.
A work order is a formal document used in real estate to authorize and track maintenance, repairs, or other services needed for a property. It ensures clear communication and accountability.
Work-life balance in real estate investing refers to effectively managing the demands of your investment activities alongside your personal life, ensuring sustainable success and well-being.
Work-in-Process (WIP) in real estate refers to the value of a property undergoing development, renovation, or construction, including all accumulated costs until completion. It represents an asset on the balance sheet for projects not yet ready for sale or use.
Working capital is the difference between a company's current assets and current liabilities, indicating its short-term liquidity and operational efficiency. For real estate investors, it represents the readily available funds to cover immediate operational expenses, unexpected repairs, and short-term obligations.
Xeriscaping is a landscaping method that reduces or eliminates the need for supplemental irrigation, focusing on water conservation through drought-tolerant plants and efficient design. For real estate investors, it translates to lower operating costs, enhanced property value, and increased sustainability.
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