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Real Estate Dictionary

How much do Multifamily Leasing Agents Make?

Multifamily leasing agents earn a base salary of $30,000 to $50,000, with total compensation potentially reaching $70,000 or more due to commissions and bonuses, influenced by location, experience, and property type.

May 25, 2024

What Does "Buy Box" Mean in Real Estate?

A "buy box" in real estate is a predefined set of criteria used by investors to identify and evaluate properties that align with their investment objectives.

May 25, 2024

What Does SFH Mean in Real Estate?

SFH refers to a Single-Family Home, a detached residential structure designed for one family's private living space and utilities.

May 25, 2024

What is Cost Segregation in Real Estate?

Cost segregation is a tax strategy that accelerates depreciation deductions by identifying and reclassifying personal property assets and land improvements, which typically have shorter depreciation lives than buildings, thereby allowing property owners to reduce taxable income and increase cash flow.

May 22, 2024

Is Leased Percent Typically Higher or Lower than Occupancy?

In multifamily properties, the leased percentage is typically higher than the occupancy percentage due to timing differences between lease signing and move-in, vacancy turnover, pre-leasing activities, and administrative lags in updating occupancy status.

May 22, 2024

What are Tenant Improvement Expenses in Real Estate?

Tenant Improvement (TI) expenses are costs incurred to customize a rental space to meet a tenant's needs, typically negotiated in lease agreements and often supported by a landlord-provided allowance.

May 21, 2024

What is Commercial Real Estate Underwriting?

Learn the ins and outs of real estate underwriting—what it is, why it matters, and how it shapes property financing. Expert tips and best practices.

May 21, 2024

What are Basis Points?

Basis points are a unit equal to 0.01% used to describe precise percentage changes in financial metrics like interest rates.

May 21, 2024

What is Earnest Money?

Earnest money is a buyer's deposit showing commitment to a property purchase, held in escrow and applied to closing costs, but forfeited if the buyer unjustifiably backs out.

May 21, 2024

Is Earnest Money Refundable?

Earnest money is refundable depending on the terms of the real estate contract, particularly regarding unmet contingencies, contractual deadlines, mutual agreements, and breaches by either party.

May 21, 2024
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