Accredited Residential Manager

by | Oct 10, 2023

Accredited Residential Manager (ARM) is a professional designation given by the Institute of Real Estate Management (IREM) to individuals who have demonstrated proficiency and expertise in managing residential real estate properties. Put simply, earning the title of...

Affordable Housing

by | Oct 9, 2023

Affordable housing refers to residential units that are priced reasonably relative to the income levels of individuals or families in a specific area. Affordable housing is typically for individuals or families below the median income as rated by the national...

Amortization

by | Oct 10, 2023

Amortization refers to the gradual repayment of a debt, usually a loan or a mortgage, through a series of regular payments over time. Each payment consists of both principal (the original amount borrowed) and interest (the cost of borrowing). As payments are made, the...

Annual Depreciation

by | Oct 10, 2023

Annual Depreciation refers to the gradual decrease in the value of a property over time due to wear, tear, obsolescence, and aging. Understanding annual depreciation is a crucial aspect of financial planning and accounting for property owners and managers. Typically,...

Appraised Value

by | Oct 31, 2023

Appraised Value refers to the estimated monetary worth of a property, determined by a qualified appraiser. This appraisal is a crucial step in various real estate transactions, including buying, selling, financing, or refinancing a property. The appraised value takes...