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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What is Principal Curtailment in Real Estate?

Principal curtailment is the voluntary payment of extra funds toward a mortgage’s principal balance, reducing the overall loan amount, interest costs, and repayment term.

December 16, 2024

What is an Axonometric Model of a Building?

An axonometric of a building is a three-dimensional drawing that shows the structure’s form and spatial relationships without using perspective, keeping all parallel lines parallel and allowing accurate measurements directly from the image.

December 16, 2024

What is a Bargain and Sale Deed?

A bargain and sale deed is a type of real estate deed that transfers property ownership with limited assurances, offering no explicit guarantee of a clear title but implying that the seller has the right to convey the property.

December 16, 2024

What Does AFFO Mean in Real Estate?

AFFO (Adjusted Funds From Operations) is a refined metric for REITs that adjusts FFO by subtracting recurring capital expenditures and non-cash items to better reflect the true, sustainable cash flow available for distributions.

December 16, 2024

What is Short-Term Rental Financing in Real Estate?

Short-term rental financing is tailored to support the growing market for STRs, offering flexibility and opportunities for high returns while accounting for the unique challenges of the sector.

December 15, 2024

What are the Tax Benefits of Owning a Short-Term Rental Property?

Owning a short-term rental property offers significant tax benefits, including deductions for expenses, depreciation, mortgage interest, property taxes, travel, and repairs, as well as potential bonus depreciation, 1031 exchanges, and the Qualified Business Income deduction, especially if you meet material participation rules.

December 15, 2024

What is Hypothecation in Real Estate?

Hypothecation in real estate is when a borrower pledges property as collateral for a loan while retaining ownership and use, with the lender gaining the right to foreclose if the borrower defaults.

December 15, 2024

How Much Should you Offer on a Bank Owned Property?

To determine your offer on a bank-owned property, assess the market value, repair costs, and bank's motivation, then make a competitive but reasonable offer while factoring in potential fees and contingencies.

December 15, 2024

What is a Renter Rewards Program?

A Renter Rewards Program is a loyalty system that offers tenants perks like rent discounts, gift cards, or exclusive benefits for actions such as timely rent payments, lease renewals, and referrals, enhancing tenant satisfaction and retention.

December 15, 2024

What is a Home Buyer Rebate?

A home buyer rebate is a financial incentive, typically a portion of the agent's commission, offered to buyers as cash, closing cost credits, or services to reduce their home-buying expenses, though its legality varies by state.

December 15, 2024
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