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 Eisenhower Matrix is a time management tool that helps real estate investors prioritize tasks by categorizing them into four quadrants based on urgency and importance, enabling better focus on strategic, high-impact activities.
The complete network of components, including wiring, panels, outlets, and switches, that distributes electrical power throughout a real estate property, essential for safety and functionality.
Embezzlement in real estate refers to the fraudulent appropriation of funds or property entrusted to an individual, such as a property manager or syndicator, for their personal use rather than for the intended purpose.
A legally binding document signed by a tenant that certifies the current status, terms, and conditions of their lease agreement, providing critical verification for real estate buyers and lenders.
Eviction is the legal process by which a landlord removes a tenant from a rental property due to a breach of the lease agreement, such as non-payment of rent or other violations, strictly adhering to state and local laws.
An eviction history check is a tenant screening process that reviews public court records to identify any prior evictions against a prospective tenant, helping landlords assess risk and ensure lease compliance.
An eviction moratorium is a temporary ban on evictions, typically enacted by governmental authorities during emergencies, preventing landlords from removing tenants for specific reasons, often non-payment of rent.
The Fair Housing Act is a federal law prohibiting discrimination in the sale, rental, and financing of housing based on race, color, religion, sex, national origin, familial status, and disability.
Fair Market Rent (FMR) is an estimate of what a rental property would lease for on the open market, including utilities, as determined annually by the U.S. Department of Housing and Urban Development (HUD) for various housing programs.
Financial irregularities refer to intentional misstatements or omissions in financial records, often involving fraud, embezzlement, or other deceptive practices, that can significantly impact real estate investments.
Financial reporting in real estate involves systematically recording, summarizing, and presenting financial transactions and performance data for investment properties. It provides a clear picture of an asset's financial health, crucial for informed decision-making, tax compliance, and communication with stakeholders.
Fit-out costs refer to the expenses incurred to make a commercial property space suitable for a tenant's specific needs, transforming a bare shell or basic interior into a functional workspace.
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