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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What is yield on cost in real estate?

"Yield on Cost" is a financial metric used in real estate to evaluate the profitability of a real estate investment, particularly in development or redevelopment projects. It measures the annual income of a property relative to the total cost incurred to purchase, develop, or renovate it.

December 20, 2023

What is a seller concession in real estate?

A seller concession is an arrangement where the seller of a property agrees to pay a portion of the buyer's closing costs.

December 20, 2023

What are some ways to improve multifamily marketing performance?

Multifamily real estate is more competitive than ever these days, and improving multifamily marketing performance is one of the best ways to stay ahead of the competition. Here are ten effective ways to enhance your marketing efforts for multifamily properties.

December 19, 2023

What is multifamily performance software?

Multifamily performance reporting involves collecting, analyzing, and presenting data on the performance of residential properties like apartments, condominiums, and townhouses to assess their efficiency and profitability.

December 19, 2023

What is net effective rent?

Net effective rent is the actual rent paid by a tenant over a lease period, accounting for any landlord-provided incentives like free rent months or reduced fees, which lower the total rental cost.

December 19, 2023

What is the difference between gross rent and net rent in commercial real estate?

In commercial real estate, understanding the difference between gross rent and net effective rent is crucial for both landlords and tenants, as these terms define different ways of structuring and understanding rental payments.

December 18, 2023

What is the difference between yield on cost and cash on cash returns in commercial real estate?

"Yield on Cost" evaluates long-term investment performance including value-add strategies, while "Cash on Cash Return" measures income against cash invested.

December 18, 2023

What is the difference between property management and asset management in commercial real estate?

Property management is about the operational aspects of managing a property on a daily basis, and asset management is focused on making strategic decisions to increase the property's value and ensure it meets its investment objectives.

December 18, 2023

What are the best tools for SFR asset management?

For managing Single-Family Rental (SFR) assets effectively, there are several tools and software platforms that can help streamline various aspects of asset management. Here's a list of some of the widely recognized and good tools for SFR asset management.

December 18, 2023

What is the difference between asking rent and market rent?

Asking rent refers to the rental price listed by the landlord or property manager. It is essentially the initial amount requested for leasing a property. Market rent is the average rent that similar properties in a specific area are commanding. It reflects the prevailing conditions in the local rental market, including supply and demand dynamics.

December 16, 2023
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