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Multifamily Real Estate Glossary

Multifamily Real Estate Glossary

What is Due Diligence Automation in Real Estate?

Due diligence automation utilizes advanced technologies to streamline the verification of property details, improve accuracy in risk assessments, and expedite the decision-making process during property transactions.

November 8, 2023

Best Sources of Real Estate News in 2024

For staying updated with real estate news, several sources are highlighted by different platforms as being among the best.

November 8, 2023

How do you budget for operating expenses on a multifamily proforma?

Creating a budget for operating expenses on a multifamily proforma involves a detailed analysis of both current and projected costs associated with the property. Here's a step-by-step guide to help you budget for operating expenses.

November 6, 2023

How do you find good rent comps?

Finding rent comparables, or "rent comps," is an important step in determining the appropriate rental price for a property. Rent comps are similar rental properties in terms of location, size, condition, and amenities that have recently been leased.

November 6, 2023

What is a Market Analysis in CRE?

A market analysis in real estate, often referred to as a Comparative Market Analysis (CMA), is a study designed to determine the estimated value of a property, based on the current market conditions.

November 6, 2023

What is a Multifamily Rent Survey?

A multifamily rent survey is a study or analysis conducted to gather, compare, and evaluate rental rates of multifamily properties (e.g., apartment complexes) within a specific market or area.

October 25, 2023

What is Multifamily Revenue Management?

Multifamily revenue management refers to the application of data analytics, statistical algorithms, and other predictive mechanisms to optimally price rental units in multifamily housing (like apartment complexes) to maximize revenue.

October 25, 2023

What are multifamily expense benchmarks and how are they used?

Multifamily Expense Benchmarks refer to standardized measures or metrics that provide an average or range of typical operating expenses associated with running a multifamily property, such as an apartment complex.

October 20, 2023

What are Multifamily Rent Comps and How Are They Used?

Multifamily Rent Comps (comparables) refer to rental rates for multifamily properties (like apartment complexes) that are comparable in size, location, condition, and amenities to a property that an investor, owner, or property manager is evaluating.

October 20, 2023
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