Multifamily Real Estate Glossary

How is MIRR Calculated?

MIRR is calculated by dividing the future value of positive cash flows by the present value of negative cash flows, raised to the inverse of the investment period, minus one, offering a comprehensive view of an investment's profitability.

January 20, 2024

What is a mini perm in real estate?

A "mini-perm" is a short-term loan in real estate financing, typically lasting 3 to 5 years, used to pay off initial construction costs before refinancing with a longer-term loan or selling the property.

January 20, 2024

What is RSF in Real Estate?

"RSF" refers to "Rentable Square Feet," which is the total area a tenant is charged for, including their private space and a share of the building's common areas.

January 20, 2024

What Do Ingress vs Egress Mean in Real Estate?

"Ingress" and "egress" refer to the ability to enter and exit a property, respectively, and both are important in the context of property rights and land use planning.

January 18, 2024

What is MKT lease in real estate?

"MKT lease" in real estate typically refers to "market lease". This term is used to describe a lease agreement where the rental terms, including the rate, are in line with the current market conditions and rates for similar properties in the area.

January 18, 2024

What are trended vs untrended expenses in real estate?

In real estate analysis, trended rents factor in historical trends and market projections for more dynamic forecasting, while untrended rents rely on current rates for a conservative approach, with the choice between them influenced by market stability and investor risk preference.

January 16, 2024

What are uncontrollable operating expenses in real estate?

In real estate, uncontrollable operating expenses typically include property taxes, insurance premiums, utility rate increases, and costs from natural disasters or unforeseen repairs, which are essential yet unavoidable costs in property management.

January 16, 2024

Which expenses are considered controllable expenses in real estate?

Controllable expenses in real estate involve costs that can be managed by property owners or managers, such as maintenance, administrative costs, utilities, marketing, and property management fees, which are essential for cost efficiency while maintaining property value.

January 16, 2024

What is a bank draw inspection in real estate development?

Bank draw inspections in development are evaluations conducted by third parties during various construction stages to ensure that the work completed aligns with the funds being disbursed by lenders, thereby safeguarding the lender's interests and verifying construction progress.

January 16, 2024

What is apartment reputation management software?

Reputation management software for multifamily properties is a digital tool that aggregates online reviews and feedback, offering features like review aggregation, response management, sentiment analysis, and reporting analytics to help property managers monitor and enhance their online reputation, address issues, and improve their appeal to both.

January 16, 2024

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Multifamily Real Estate Glossary

How is MIRR Calculated?

What is a mini perm in real estate?

What is RSF in Real Estate?

What Do Ingress vs Egress Mean in Real Estate?

What is MKT lease in real estate?

What are trended vs untrended expenses in real estate?

What are uncontrollable operating expenses in real estate?

Which expenses are considered controllable expenses in real estate?

What is a bank draw inspection in real estate development?

What is apartment reputation management software?

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