Home
/
Learning Hub
/
Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What is a supplemental loan in multifamily?

A supplemental loan in multifamily real estate, often associated with Fannie Mae's programs, offers additional financing 12 months after the initial mortgage, leveraging increased property equity and providing benefits for investors as a second mortgage.

December 16, 2023

What is negative leverage in real estate?

Negative leverage occurs when the cost of borrowing (interest rate on the debt) for a real estate investment is higher than the income or return generated by that investment. It's an important concept for investors, as it directly impacts the profitability and viability of a real estate project.

December 16, 2023

What is lease renewal software for apartments and how is it used?

Lease renewal software for apartments is a specialized application designed to streamline and optimize the process of renewing leases for rental properties. This type of software is particularly useful for property managers and landlords who handle multiple rental units. It simplifies and automates various tasks associated with lease renewals, enhancing efficiency and tenant satisfaction.

December 16, 2023

What is multifamily revenue management software and how is it used?

Multifamily revenue management software is a specialized tool designed for the real estate sector, specifically for managing revenue in multifamily housing units like apartment complexes. This software employs sophisticated algorithms and data analysis to optimize pricing, maximize revenue, and enhance overall property management.

December 16, 2023

What is apartment pricing software?

Apartment pricing software, often referred to as revenue management software in the multifamily real estate industry, is a sophisticated tool designed to optimize rental pricing for apartment units. This type of software is increasingly used by property managers and real estate investors to set competitive and profitable rent prices.

December 16, 2023

What is a value-add deal in multifamily?

A "value-add deal" in the context of multifamily real estate refers to an investment strategy focused on acquiring properties that have the potential for increased value through specific improvements.

December 16, 2023

What is the difference between physical occupancy and economic occupancy?

Physical occupancy is the percentage of rental units in a property that are currently occupied by tenants. Economic occupancy refers to the percentage of potential rental income that is actually being collected.

December 14, 2023

What is resident retention in multifamily?

Resident retention in the multifamily industry refers to the ability of a property management or ownership group to keep its current tenants renewing their leases instead of moving out.

December 14, 2023

What does "lease trade out" mean?

"Lease trade out" in the context of multifamily properties is a metric used to evaluate the financial performance of rental units over time. Specifically, it measures the change in rental income from one lease to the next.

December 14, 2023

What is the difference between market rent and effective rent?

Market Rent and Effective Rent are terms commonly used in real estate, particularly in the context of rental properties, and they refer to different concepts.

December 7, 2023
Still have a question? Contact us
24×7 help from our support staff
Popular topics
What is Yield Street?
Can you live in a commercial property?
What is Cash for Keys?
What is a chart of accounts in real estate?
How do you calculate net effective rent in excel?
HelloData hand logo market surveys

Make real-time data your competitive advantage!

Schedule a demo below to see our multifamily analytics platform and APIs in action.

Schedule Demo7-Day Free Trial