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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

GP vs LP in a Real Estate Investment

GPs actively manage real estate investments with high risk and reward potential, while LPs invest passively with limited liability and more predictable returns. Here's a detailed breakdown.

October 26, 2024

What are AI Revenue Management Solutions in Multifamily?

AI Revenue Management Solutions in multifamily housing use data-driven algorithms to dynamically adjust rent pricing, optimize occupancy, and forecast demand to maximize revenue and efficiency for property owners.

October 19, 2024

How Long Does it Take to Get an EV Charger Permit?

The time to get an EV charger permit typically ranges from a few days to several weeks, with residential permits taking 2-4 weeks and commercial permits taking 4-8 weeks or more, depending on local regulations and complexity.

October 17, 2024

What is an AHJ Permit?

An AHJ Permit is a permit issued by the Authority Having Jurisdiction, responsible for enforcing building codes and safety regulations in a specific area.

October 17, 2024

How Much Does an EV Charger Permit Cost?

The cost of an EV charger permit typically ranges from $100 to $500 for residential installations and $300 to $1,500 or more for commercial ones, with potential additional fees for inspections or electrical upgrades depending on local regulations.

October 17, 2024

What Happens if you Break a Lease?

Breaking a lease can lead to financial penalties, loss of the security deposit, potential legal action, and difficulty renting in the future, depending on the lease terms and state laws.

October 15, 2024

Common Rental Property Deductions

Rental property owners can commonly deduct operating expenses (e.g., repairs, management fees, utilities), depreciation on the property and capital improvements, mortgage interest, property taxes, travel, employee/contractor payments, and casualty losses, with operating expenses deducted in the year incurred and depreciation spread over time.

October 15, 2024

Adverse Possession Definition

Adverse possession is a legal doctrine that allows a person who occupies and uses someone else's land or property openly, continuously, and without permission for a legally specified period of time to potentially claim legal ownership of that property.

October 15, 2024

Why Do Squatters Have Rights?

Squatters have rights under the legal principle of adverse possession, which allows someone who openly and continuously occupies neglected property for a certain period to potentially claim ownership.

October 15, 2024

Depreciation Recapture Tax Rate in Real Estate

Depreciation recapture tax in real estate is a tax of up to 25% on the portion of gains from the sale of an investment property that is attributable to depreciation deductions taken during ownership.

October 15, 2024
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