Tenant relations, maintenance, operational efficiency, rent collection, and property improvements.
Master property management & operations with our progressive approach
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 breach of lease is a violation of any term or condition in a rental agreement by either the landlord or the tenant, potentially leading to legal action, financial penalties, or lease termination.
The minimum occupancy rate an income-producing property must achieve for its rental income to cover all operating expenses and annual debt service, resulting in zero cash flow.
The Breakeven Ratio is a financial metric that calculates the percentage of a property's Gross Potential Income required to cover all operating expenses and debt service, indicating its financial resilience.
Building codes are legal standards establishing minimum requirements for the design, construction, alteration, and maintenance of buildings to ensure public health, safety, and welfare. They dictate everything from structural integrity to fire safety, electrical, and plumbing systems.
Buy-and-hold real estate investing is a long-term strategy focused on purchasing income-producing properties to generate rental income, benefit from appreciation, and build equity over an extended period.
Bylaws are a set of fundamental rules and regulations that govern the internal affairs, management, and operational procedures of an organization, entity, or association in real estate.
A Capital Expenditure Budget is a financial plan outlining anticipated costs for major property repairs, renovations, and improvements that extend asset life or enhance value over a specific period.
Capital Expenditures (CapEx) are significant funds spent by a real estate investor to acquire, upgrade, or extend the useful life of a property, rather than for routine maintenance or operating expenses. These investments enhance the property's value and are typically depreciated over time for tax purposes.
A capital improvement is a permanent addition or alteration to a property that enhances its value, increases its useful life, or adapts it to new uses, rather than merely maintaining its current condition.
Cash flow management in real estate investing is the strategic process of monitoring, analyzing, and optimizing the movement of money into and out of an investment property or portfolio to ensure financial stability and profitability.
Cash flow projections are detailed financial forecasts that estimate the future income and expenses of a real estate investment over a specific period, crucial for assessing profitability, liquidity, and investment viability.
Cash for Keys is a voluntary agreement where a landlord offers a tenant money to vacate a property quickly and amicably, often used to avoid the costly and lengthy formal eviction process.
Explore complementary areas that build on property management & operations concepts
Personal budgeting, expense tracking, cash flow management, emergency funds, and savings strategies.
Credit scores, debt consolidation, loan management, credit repair, and debt payoff strategies.
Macroeconomic concepts, interest rates, inflation, Federal Reserve policy, and economic cycles.
Wills, trusts, estate taxes, succession planning, beneficiary planning, and wealth preservation.