by Ray Hader | Oct 10, 2023
Net Potential Rent (NPR) represents the maximum possible rental income a property could generate under full occupancy and optimal conditions. In other words, NPR considers the total potential rent from all units without accounting for any vacancies or losses due to...
by Ray Hader | Oct 31, 2023
The Net Promoter Score (NPS) is a valuable tool for assessing tenant satisfaction and gauging their likelihood to recommend a rental property or management services. Property managers typically ask tenants the following question: “On a scale of 0 to 10, how likely are...
by Ray Hader | Oct 10, 2023
Occupancy rate refers to the ratio of rented or leased units to the total number of units within a property or multifamily building. Occupancy rate is a vital metric for property owners and managers to gauge the utilization and profitability of their real estate...
by Ray Hader | Oct 31, 2023
An operating budget is a financial plan that outlines the anticipated income and expenses associated with the operation and maintenance of a real estate property over a specific period, typically a fiscal year. This budget serves as a comprehensive financial roadmap,...
by Ray Hader | Oct 31, 2023
Percentage rent is a commercial lease arrangement where, in addition to a base rent, the tenant agrees to pay a percentage of their gross sales revenue to the landlord. This leasing structure is commonly used in retail and shopping center leases. The percentage is...
