by Ray Hader | Oct 31, 2023
Condos and apartments are both types of residential housing, however, they differ in ownership and rental structure. For instance, apartments are typically units within a rental complex owned by a single landlord or property management company, and tenants, in turn,...
by Ray Hader | Oct 31, 2023
Condos and townhouses are forms of residential housing, however, with a few key differences. For example, condos are individual units within a larger complex, typically owned by residents who share ownership of common areas and pay association fees for maintenance....
by Ray Hader | Oct 31, 2023
Conversion Rate refers to the percentage of prospective tenants who ultimately become actual tenants by signing a lease agreement or renting a property. Put simply, This metric is essential for assessing the efficiency of the property management team’s leasing...
by Ray Hader | Oct 31, 2023
Expense Management involves the organized control and oversight of all financial outflows associated with owning and maintaining a property or real estate portfolio. This includes tasks such as budgeting, tracking, and optimizing various property-related costs,...
by Ray Hader | Oct 31, 2023
Expense Ratio refers to a financial metric that assesses the efficiency of managing and operating a rental property. Put simply, it calculates the proportion of a property’s total operating expenses relative to its total rental income. Typically expressed as a...
