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Real Estate Dictionary

What Does "REO Occupied" Mean?

REO occupied properties are bank-owned homes that are currently inhabited. While buying them can offer investment opportunities at potentially lower costs, they come with challenges such as the eviction process and property condition uncertainties.

April 6, 2024

What is STR in Real Estate?

STR stands for "Short-Term Rental." This term refers to the rental of residential properties for short durations, typically less than 30 days, though the exact definition can vary by local laws and regulations.

April 6, 2024

What is SIOR?

The Society of Industrial and Office Realtors (SIOR) is a leading global professional organization for commercial real estate professionals who specialize in the industrial and office sectors.

April 4, 2024

Who is Michael Blank?

Michael Blank is a real estate investor and educator known for teaching how to achieve financial freedom through multifamily property investments, offering resources like books, podcasts, and courses.

April 4, 2024

What is an extended period of indemnity?

An extended period of indemnity is an insurance provision that covers a business's loss of income after it resumes operations but before its income returns to pre-interruption levels, beyond the physical repair period.

March 31, 2024

How Big is a Typical Parking Space Supposed to Be?

A typical parking space is usually about 18 to 20 feet long and 8.5 to 9 feet wide, but dimensions can vary based on local regulations and the type of vehicle it's designed to accommodate.

March 31, 2024

What is Real Capital Analytics (RCA) and How is it Used in Real Estate?

Real Capital Analytics (RCA) is a data firm providing insights on global commercial real estate markets, used for market analysis, investment sourcing, due diligence, benchmarking, and forecasting by real estate professionals.

March 31, 2024

What is "Resyndication" in Real Estate?

Resyndication involves restructuring the ownership, financing, or management of a syndicated property to adapt to new circumstances, optimize returns, or address challenges.

March 31, 2024

What is Corporate Housing?

Offering corporate housing in your real estate investment can yield higher rental income and stable tenants but may increase wear and tear, operating costs, and necessitate navigating regulatory challenges.

March 31, 2024

What is the Average Apartment Size in the U.S.?

The average apartment size in the U.S. is approximately 882 square feet, but varies based on location, building type/layout, and market trends.

March 31, 2024
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