Property Management Dictionary & Rental Terms Glossary

Affordable housing is designed to ensure that low to middle-income families can access safe, adequate housing.

ARV is used by real estate investors when evaluating potential fixer-upper properties.

In real estate, amenities generally refer to something that provides comfort, convenience for tenants.

Capital improvements increase a properties value, extends its useful life, or adapt it for a different use. 

Capitalization Rate is a real estate metric investors use to get a quick and simple estimate of the potential return on a property.

Cash flow in real estate is a metric that reflects the financial health of a property or business.

Cash on Cash Return (CoC) is a metric real estate investors use to evaluate the performance of their investment.

The cost basis of a property represents the original value of an asset for tax purposes.

Debt Service Coverage Ratio (DSCR) is used by lenders to assess a borrower's ability to repay a loan.

A duplex is a residential building that contains two units in a single structure.

Gross Operating Income is a real estate metric that offers investors a realistic estimate of a property's income potential after accounting for vacancies and credit losses.

Gross Rent Multiplier (GRM) is a simple metric used by real estate investors to estimate the value of an income-producing property.

Gross Yield is used in real estate to assess the potential profitability of a property.

Homeowners Associations (HOAs) play a significant role in managing and maintaining residential communities.

Internal Rate of Return (IRR) is a metric for real estate investors that provides a nuanced understanding of an investment's potential profitability over time.

The Loan-to-Value (LTV) ratio is a real estate metric that helps lenders and borrowers evaluate the level of risk associated with a loan.

Net cash flow provides landlords and investors insights into the financial viability of rental properties.

Net Operating Income (NOI) is a real estate metric that helps investors and property managers evaluate the profitability and financial health of a property.

Occupancy Rates measure the percentage of units that are occupied compared to those that are vacant.

The Operating Expense Ratio (OER) is a financial metric used in real estate to assess the efficiency and profitability of a property.

ROI helps real estate investors measure how effectively their investments generate profit.

Schedule C is for self-employed individuals, including those in real estate, to report income and claim deductions

Schedule E is a tax form for anyone earning income from rental properties, royalties, or pass-through entities.

Vacancy rates measure the proportion of unoccupied rental units in a portfolio.