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Real Estate Dictionary

What is Azibo in Multifamily Real Estate?

Azibo is a financial services platform for small to mid-sized landlords, offering online rent collection, expense tracking, tenant screening, insurance, and automated bookkeeping to streamline property management.

November 6, 2024

Best Multifamily Sunbelt REITs in 2024

Top multifamily Sun Belt REITs like Mid-America Apartment Communities, Camden Property Trust, Independence Realty Trust, and Equity Residential focus on high-growth markets in the Sun Belt, benefiting from strong rental demand and favorable demographic trends.

November 6, 2024

30 Days Notice vs. 60 Days Notice for Tenants and Landlords

When tenants and landlords consider the length of a notice period—whether 30 days or 60 days—each option carries unique benefits and challenges. Here's an overview of the pros and cons of each.

November 6, 2024

What Does CLTV Mean in Real Estate Lending?

In real estate lending, CLTV (Combined Loan-to-Value) measures the total amount of all loans on a property relative to its market value, helping lenders assess risk and borrower equity.

November 2, 2024

What is an Eviction Hardship Extension?

An Eviction Hardship Extension is a temporary, court-ordered or landlord-approved delay in eviction for tenants facing financial hardship, allowing them extra time to stabilize financially or secure alternative housing.

November 2, 2024

What Are Rent Control Laws?

Rent control laws limit rent increases and provide tenant protections to ensure housing affordability and stability, but regulations and exemptions vary widely by location.

November 2, 2024

What is Security Deposit Insurance?

Security Deposit Insurance allows tenants to pay a smaller, non-refundable fee instead of a full security deposit, providing landlords with insurance-backed coverage for damages or unpaid rent.

November 2, 2024

What is a Self Help Eviction?

A self-help eviction is an illegal attempt by a landlord to remove a tenant without following formal legal eviction procedures, often by actions like changing locks, shutting off utilities, or removing belongings.

November 2, 2024

What is a "Convenience Fee" in Rent Payments?

A convenience fee is an additional charge that property management or rental platforms sometimes apply when tenants pay rent using certain methods, typically those that offer added convenience to both the tenant and the property manager. The rules around how these fees can be applied vary by state.

November 2, 2024

Disadvantages of Using LLCs for Rental Property

Owning a property through an LLC is typically the best structure, but they do have some drawbacks, including higher costs, potential financing challenges, and complexities with legal formalities and asset protection if not properly managed. Check out this post for a summary of the possible drawbacks.

November 2, 2024
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