Revenue management stands as a critical component to achieving peak performance and profitability.
With an increasing emphasis on data-driven strategies, the business of property management is becoming a domain where analytical insight dictates success.
The emergence of built-to-rent properties has laid the foundation for a new rental paradigm marked by professional management and the creation of purpose-built communities.
“Lease up” is an essential phase in the property management lifecycle that can significantly influence a property's financial performance.
With an increasing number of choices available to prospective tenants, standing out requires more than traditional marketing methods.
As market conditions fluctuate and tenant expectations rise, the need for precision in decision-making becomes increasingly important.
Commonly applied in real estate, accession refers to the legal principle where an owner gains rights to additions or improvements to their property — whether by natural causes like sediment deposits or human efforts like renovations and extensions.
As a multifamily property owner or operator, you're no stranger to the challenges of managing utilities.
An REO, or Real Estate Owned property, typically refers to a property reclaimed by a lender, usually after a foreclosure auction fails to attract a sufficient bid.
Bulk zoning governs how land within specific zones can be used, including structures' density, height, placement, and overall usage.
Absorption rate serves as an incredibly useful reflection of market demand and property performance.
Accurate valuations directly impact revenue strategies and operational decisions, so having a firm grasp of the cost approach appraisal process is essential.
Competitive Market Analysis (CMA) has become an essential tool for industry professionals looking to make informed decisions about pricing, leasing strategies, and property investments.
Understanding the intricacies of homeowners associations (HOAs) is crucial for multifamily owners and operators.
The Gross Rent Multiplier (GRM) is a simple yet powerful tool that can provide pivotal insights into the valuation and potential of real estate investments.
The future of real estate is here. Many metrics drive financial performance in multifamily property management, but MOIC, or Multiple on Invested Capital, is a pivotal tool for owners and operators.
It’s extremely useful. The Net Operating Income, commonly abbreviated as NOI, represents the core of profitability analysis, enabling multifamily owners and operators to make informed decisions about their properties.
There’s a time for every tool. And in real estate, having access to the right tools can significantly influence decision-making processes and outcomes.
Traversing the nuances of real estate can often be complex, especially when it comes to understanding certain legal terms and principles that govern property rights and relationships.
DeepSeek represents something bigger than just another AI model—it’s a signal of what’s coming: AI that is faster, cheaper, and more accessible than ever before.
Artificial Intelligence (AI) is changing the field of managing multifamily properties, augmenting traditional approaches in property management and opening new avenues for efficiency, profitability, and leaseholder satisfaction.
The nuances of property rights can substantially affect management and operational strategies. Multifamily owners and operators encounter easement, especially in gross.
The emergence of property management chatbots has heralded a new era in how multifamily owners and operators interact with their leaseholders, streamline operations, and enhance overall leaseholder satisfaction.
The advent of innovative platforms is redefining multifamily property management. Efficiency, profitability, and streamlined operations are of utmost importance.
The net effective rent formula in Excel involves dividing the total lease cost by the lease term.
Depreciation is calculated and reported on the income statement but is not typically considered an actual operating expense as it does not involve a cash outflow.
The key Excel formula for calculating net effective rent is: (Total Annual Rent - Concessions) / Lease Term.
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