Having a staff member residing within the complex offers advantages such as immediate response times for emergencies and ongoing maintenance issues.
Effective rent is calculated by taking into account both the lease term and any rental incentives or concessions offered by the landlord.
To calculate EGI, subtract vacancy and collection losses from the Potential Gross Income (PGI).
Economic occupancy refers to the percentage of rental income collected compared to the total potential income if every unit were leased at market rate.
This fee serves as compensation to the landlord for the potential loss of rental income resulting from the unplanned vacancy.
It consists of two separate units within a single structure. These units often share walls.
It involves thoroughly analyzing and verifying information about a property to make informed investment decisions.
This arrangement means the agent has fiduciary responsibilities to both parties, creating a delicate balance that must be managed with transparency and integrity.
A down payment in real estate is the initial amount paid when purchasing a property. It is often represented as a percentage of the home's total price.
