
Property Management Terms
Percentage Rent: The Complete Landlord & Tenant Guide
Percentage rent is a commercial lease structure where the tenant pays a fixed base rent plus a percentage of gross sales once revenue rises above a set breakpoint
Property Management Terms
Pass-through expenses are specific property-related costs billed directly to tenants above and beyond the standard base rent outlined in their lease agreements
Property Management Terms
An operating budget is a financial plan that outlines the expected income and expenses associated with managing a property over a specific period—usually one fiscal year
Contractor Management
Scaling isn’t just saying yes to more work—it’s building the systems that can carry it. Because when you drop the ball, it’s not just your name that takes the hit—it’s everyone who trusted you.
The color-coded visualization offers an at-a-glance understanding of how your state ranks in protecting your ownership rights against potential adverse possession claims.
The OCEAN framework serves as a mnemonic device to remember the essential elements required for a successful adverse possession claim.
Whether you became a proud owner of real estate intentionally or not, at some point in your life, you will likely ask yourself the question, "Should I manage my own rental property?".
If you have been a landlord for a while, then you have likely been faced with the dilemma of when and how to raise the rent on your tenants and whether you should even consider it in the first place.
If you are a landlord or a property manager, at some point in your career you will have the unfortunate displeasure of having to evict a tenant.
After a decade of experience in the property management industry, I've learned that there are a few important things that you must focus on to become a vendor for apartments and property management companies.
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At its core, occupancy rate is the percentage of rented or occupied units compared to the total available units
Your weekly pulse of what's happening in the rental industry right now | Issue #5 | August 1, 2025 | ⏱️ 3-minute read
Net Operating Income (NOI) is the amount of income left after subtracting operating expenses from total revenue
Multifamily group space refers to the shared portions of a multifamily property designed for the collective use of residents and their guests
A month-to-month lease is a rental agreement that continues indefinitely, renewing automatically each month until canceled by either party with proper notice
A modified gross lease is a commercial rental agreement where the tenant pays a fixed base rent plus a proportional share of specific operating expenses, like janitorial, maintenance, or utilities
Master association fees are regular payments made by property owners to a parent-level homeowners association—a master association that oversees multiple smaller associations, or sub-associations, within a large development
A Master Association is a homeowners association (HOA) that governs multiple sub-associations within a larger planned community
Market rent is the amount a property would most likely command under current market conditions
Long-term rentals involve leasing a property for 30 days or more with stable tenant occupancy and predictable income, while short-term rentals are for stays under 30 days, offering flexible lodging for travelers and temporary residents.
Get answers to the 35 most common queries in plain language, grounded in legal and operational best practices
A lessee is the person or business that rents property, while a lessor is the property owner or entity leasing out the space