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 (18 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 software solution used by property managers and owners to manage and distribute their rental property listings across multiple online travel agencies (OTAs) and booking platforms from a single interface, ensuring real-time synchronization of availability and pricing.
Churn rate in real estate investing measures the percentage of tenants or units that vacate a property over a specific period, indicating tenant turnover and impacting operational costs and profitability.
A cleaning fee is a charge collected by a landlord from a tenant, either upfront or from a security deposit, to cover the cost of cleaning a rental property upon lease termination.
Co-hosting in real estate refers to a partnership where a property owner collaborates with an experienced individual or company to manage their short-term rental property, sharing responsibilities and often a percentage of the rental income.
Commercial General Liability (CGL) insurance protects real estate investors from financial losses due to third-party claims of bodily injury, property damage, and personal or advertising injury occurring on their commercial properties. It covers legal defense costs and damages up to policy limits.
Commercial lease review is the meticulous examination of a commercial lease agreement by an investor or their legal counsel to understand all terms, conditions, financial obligations, and potential risks before acquisition or execution.
Common Area Maintenance (CAM) refers to the costs associated with operating and maintaining shared areas in a commercial property, which are typically passed through to tenants as part of their lease agreements.
Community management oversees the daily operations, financial health, and maintenance of shared spaces within planned communities, such as homeowners associations (HOAs) and condominium complexes, to preserve property values and enhance resident quality of life.
Compliance risk in real estate investing refers to the potential for legal penalties, financial losses, and reputational damage resulting from failure to adhere to laws, regulations, and industry standards.
Consequential damages are indirect losses that result from a breach of contract or other legal wrong, but are not directly caused by the breach itself. They represent losses that were foreseeable at the time the contract was made.
A legal doctrine allowing a tenant to terminate a lease and vacate a property without liability for future rent, due to a landlord's actions or inactions that render the premises uninhabitable or unsuitable for its intended purpose, breaching the covenant of quiet enjoyment.
A contingency fund in real estate is a dedicated reserve of money set aside to cover unforeseen property-related expenses, major repairs, or periods of income loss, safeguarding an investment from unexpected financial shocks.
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