by Ray Hader | Oct 31, 2023
Average Arrears refers to the typical amount of unpaid rent or fees owed by tenants across a property portfolio. It is a crucial financial metric that property managers monitor closely to assess the financial health of their rental properties. By calculating the...
by Ray Hader | Oct 10, 2023
Average Days-to-Lease gauges the efficiency of a rental property’s leasing process and is yet another pivotal metric when assessing the performance of a property management firm. Average Days-to-Lease quantifies the average time, often in days, that a property...
by Ray Hader | Oct 31, 2023
Average Maintenance Cost per Property refers to the typical expenditure required to upkeep a specific property over a designated period, usually annually. This cost encompasses various expenses, including routine maintenance tasks like landscaping, cleaning, and minor...
by Ray Hader | Oct 31, 2023
A Building Class is a categorization system used in real estate to classify commercial properties based on their quality, location, and overall desirability. It helps investors, tenants, and property managers to quickly assess a building’s characteristics and...
by Ray Hader | Oct 10, 2023
A Building Safety Manager is responsible for upholding safety standards within a building. Building safety managers oversee emergency plans, fire safety measures, security protocols, and tenant well-being. Their role involves compliance with regulations, conducting...
