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Real Estate Dictionary

What is the difference between gross rent and net rent in commercial real estate?

In commercial real estate, understanding the difference between gross rent and net effective rent is crucial for both landlords and tenants, as these terms define different ways of structuring and understanding rental payments.

December 18, 2023

The Difference Between Yield on Cost and Cash-on-Cash Returns in Real Estate

"Yield on Cost" evaluates long-term investment performance including value-add strategies, while "Cash on Cash Return" measures income against cash invested.

December 18, 2023

What is the difference between property management and asset management in commercial real estate?

Property management is about the operational aspects of managing a property on a daily basis, and asset management is focused on making strategic decisions to increase the property's value and ensure it meets its investment objectives.

December 18, 2023

What are the best tools for SFR asset management?

For managing Single-Family Rental (SFR) assets effectively, there are several tools and software platforms that can help streamline various aspects of asset management. Here's a list of some of the widely recognized and good tools for SFR asset management.

December 18, 2023

What is the difference between asking rent and market rent?

Asking rent refers to the rental price listed by the landlord or property manager. It is essentially the initial amount requested for leasing a property. Market rent is the average rent that similar properties in a specific area are commanding. It reflects the prevailing conditions in the local rental market, including supply and demand dynamics.

December 16, 2023

What is a supplemental loan in multifamily?

A supplemental loan in multifamily real estate, often associated with Fannie Mae's programs, offers additional financing 12 months after the initial mortgage, leveraging increased property equity and providing benefits for investors as a second mortgage.

December 16, 2023

What is negative leverage in real estate?

Negative leverage occurs when the cost of borrowing (interest rate on the debt) for a real estate investment is higher than the income or return generated by that investment. It's an important concept for investors, as it directly impacts the profitability and viability of a real estate project.

December 16, 2023

What is lease renewal software for apartments and how is it used?

Lease renewal software for apartments is a specialized application designed to streamline and optimize the process of renewing leases for rental properties. This type of software is particularly useful for property managers and landlords who handle multiple rental units. It simplifies and automates various tasks associated with lease renewals, enhancing efficiency and tenant satisfaction.

December 16, 2023

What is apartment pricing software?

Apartment pricing software, often referred to as revenue management software in the multifamily real estate industry, is a sophisticated tool designed to optimize rental pricing for apartment units. This type of software is increasingly used by property managers and real estate investors to set competitive and profitable rent prices.

December 16, 2023

What is a value-add deal in multifamily?

A "value-add deal" in the context of multifamily real estate refers to an investment strategy focused on acquiring properties that have the potential for increased value through specific improvements.

December 16, 2023
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