by Ray Hader | Oct 31, 2023
Fair Market Value (FMV) refers to the objective and unbiased assessment of a property’s worth in the current real estate market conditions. FMV is crucial for property managers when making decisions related to leasing, buying, selling, or valuing properties...
by Ray Hader | Oct 31, 2023
A Fixed Expense refers to a recurring cost that remains constant and does not vary based on factors like property occupancy or usage. These expenses are essential for maintaining the property and ensuring its ongoing operation, regardless of whether it is vacant or...
by Ray Hader | Oct 10, 2023
Floor Area Ratio (FAR), also known as Floor Space Index (FSI) or Floor Space Ratio (FSR), is a zoning regulation and urban planning tool used to control the density and intensity of development in a specific area. FAR is a numerical value that represents the ratio of...
by Ray Hader | May 1, 2023
Forecasting is a way for hotel managers to predict a number of key market indicators and customer behaviors, and is done using models that range from basic to very complex. It is also a strategic management tool for managers to gather more knowledge on visitor...
by Ray Hader | Oct 31, 2023
A Full Repairing and Insuring (FRI) Lease is a type of commercial lease agreement often used in real estate. In an FRI lease, the tenant assumes significant responsibilities and liabilities for the leased property. Specifically, the tenant is obligated to not only pay...
