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.
Delegation in real estate investing involves strategically assigning specific tasks, authority, and responsibility to other individuals or entities, such as property managers, virtual assistants, or contractors. This practice enables investors to optimize their time, leverage specialized expertise, and scale their portfolios more efficiently.
Delinquent rent refers to rental payments that have not been made by the due date specified in the lease agreement, often incurring late fees and initiating a formal collection process.
Delivery of Possession is the formal transfer of physical control and the legal right to occupy a property from one party to another, typically occurring at or shortly after closing.
A Developer-Operator is a real estate firm or individual that undertakes both the development of a property and its subsequent long-term operation and management, integrating the entire lifecycle of an asset.
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.
Direct costs are expenses directly tied to a specific real estate project or property, such as materials, labor, and permits, making them easy to assign and track.
Disbursement in real estate refers to the release or distribution of funds from an escrow account or a designated party to various recipients involved in a transaction or property operation, ensuring all financial obligations are met.
A draw schedule is a pre-determined plan for disbursing funds from a construction or rehabilitation loan in stages, linked to specific project milestones or work completion percentages.
Drones in real estate are unmanned aerial vehicles (UAVs) used to capture aerial photos, videos, and data for property marketing, inspections, and land surveys, offering unique perspectives and detailed insights.
Due diligence in commercial real estate (CRE) is the comprehensive investigation and review process undertaken by a prospective buyer or investor to assess the risks and opportunities associated with a property before finalizing an acquisition.
Effective Gross Income (EGI) is a realistic measure of a property's total potential revenue, calculated by subtracting estimated vacancy and credit losses from its Potential Gross Income (PGI). It provides a more accurate picture of a property's income-generating capability for financial analysis.
Efficiency ratios are financial metrics used in real estate to assess how effectively a property generates income relative to its expenses, debt, and operational capacity. They provide insights into a property's operational health and profitability.
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