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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What is Guesty in Real Estate?

Guesty is a property management platform that streamlines the management of short-term rentals through features like automated messaging, booking management, pricing optimization, and financial reporting.

June 9, 2024

What is an Expired Listing in Real Estate?

An expired listing in real estate refers to a property that was listed for sale but did not sell during the contract period set between the seller and the real estate agent.

June 9, 2024

What are Typical Airbnb Cleaning Fees?

Airbnb cleaning fees typically range from $20 to $300, depending on the property's location, size, and amenities. Here are some guidelines to help you identify what is typical in your market.

June 9, 2024

What are Typical Commercial Property Management Fees?

Commercial property management fees typically range from 4% to 12% of gross rent or $500 to $5,000 monthly, with additional costs for leasing, maintenance, and administrative services.

June 1, 2024

What is Asset Living?

Asset Living is a leading U.S. property management company specializing in student housing, residential, and affordable housing, offering comprehensive services to maximize property value and enhance resident experiences.

June 1, 2024

What is Fortress Property Management Software?

Fortress Property Management Software is an all-in-one tool designed to streamline property management with features for tenant and lease tracking, financial management, maintenance, reporting, and mobile access, enhancing efficiency and effectiveness for property managers and owners.

June 1, 2024

What Does "Overleveraged" Mean?

Being overleveraged means having excessive debt relative to financial capacity, leading to financial strain, increased risk of default, and potential difficulties in securing future funding.

May 31, 2024

Opendoor vs Offerpad: What's the Difference?

Opendoor and Offerpad both offer fast home selling solutions, with Opendoor emphasizing a tech-driven, broad-market approach and lower fees, while Offerpad provides personalized service, additional seller benefits, and operates in fewer markets.

May 31, 2024

What is a Wholesale Contract in Real Estate?

A wholesale contract in real estate is an agreement where a wholesaler secures the right to purchase a property at a set price, then assigns this contract to an end buyer for a higher price, earning a profit without taking ownership of the property.

May 31, 2024

Who Pays Closing Costs in Texas?

In Texas, both buyers and sellers share the closing costs, but the specific amounts and responsibilities can vary based on negotiations and the purchase agreement.

May 31, 2024
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Popular topics
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What is an Expired Listing in Real Estate?
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