Operations
Your operations define your long-term success in real estate investing. Fine-tune your process with: Asset Management | Asset Protection | Deal Analysis | Fundamentals | Growth | Lead Generation | Risk Management
Back To: All Topics
Operations
Your operations define your long-term success in real estate investing. Fine-tune your process with: Asset Management | Asset Protection | Deal Analysis | Fundamentals | Growth | Lead Generation | Risk Management
Back To: All Topics
An insurance policy that protects the holder of the policy, who may be a real estate owner or a lender, from financial loss due to defects in the title of a property ...
Government entities place liens against properties to compel the owners to pay back taxes. If the taxes remain unpaid, then that lien may be used to seize the collateral (property). When you buy a property tax lien, you pay for the right to collect the lien and associated fees and ...
The connections in a kitchen that supply utilities including hot and cold water and natural gas. When you remodel a kitchen, you need to make sure that the supply lines are equipped to handle the volumes that upgraded appliances and layouts require ...
Sales Comparison Approach – SCA
A comparison between recently sold local, similar properties and a property that you plan to list for sale. Usually, an SCA would be used to help determine a list price, but investors may use them to make predictions about market movements and decide whether a purchase is a good deal ...
Fall Maintenance Checklist (PDF)
Use this PDF to inspect and prepare your rental property exterior and interiors each fall for budget-saving routine maintenance and potential safety hazards. This fillable PDF template includes: Property address and date completed fields to keep track of multiple properties Checkboxes for for easy filling on tablet or mobile as ...
Summer Maintenance Checklist (PDF)
Use this PDF to inspect and prepare your rental property exterior and interiors each summer for budget-saving routine maintenance and potential safety hazards. This fillable PDF template includes: Property address and date completed fields to keep track of multiple properties Checkboxes for for easy filling on tablet or mobile as ...
Spring Maintenance Checklist (PDF)
Use this PDF to inspect and prepare your rental property exterior and interiors each spring for budget-saving routine maintenance and potential safety hazards. This fillable PDF template includes: Property address and date completed fields to keep track of multiple properties Checkboxes for for easy filling on tablet or mobile as ...
Why REI Education Is Important
Real estate investing is one of the most reliable ways to build and protect wealth. But if you want to be successful, you must do the research and make sure you are well-informed. Although you don’t need a formal degree or even a previous background in the industry to be ...
Winter Maintenance Checklist (PDF)
Use this PDF to inspect and prepare your rental property for winter and remind tenants of common winter safety issues. This fillable PDF template includes: Property address and date completed fields to keep track of multiple properties Checkboxes for for easy filling on tablet or mobile as you progress through ...
Sales and Purchase Agreement – SPA
A legal contract delineating the terms of a transaction and obligating both buyer and seller to close the transaction if those terms are met ...
A contractual agreement that one party will have the first option to meet a predetermined set of conditions in order to conduct a transaction before those terms are offered elsewhere. For example, in a lease-option scenario, the tenant may have right of first refusal if the owner of the property ...
The use of analytics to predict consumer behavior on a micro-market level and optimize product availability and price to maximize revenue growth. In real estate, this involves identifying ways to “beat” market rental rates with unique offerings or to improve vacancy rates by “beating” competition ...
Return on investment (ROI) measures how much you gained or lost on an investment property relative to how much you invested in the property up front. ROI is typically used to compare the efficiency of different investments ...
The act of adapting something that was used for one purpose to serve a different purpose ...
The action or process of converting waste into reusable materials. These materials may be less expensive or more durable than new materials, but not always ...
A realtor, as defined by the National Association of Realtors (NAR) is a federally registered collective membership mark which identifies a real estate professional who is a member of the NAR and subscribes to its strict code of ethics. The NAR emphasizes that the term Realtor(R) may only be used ...
Any professional offering a service related to real estate or whose business model revolves around any part of the real estate investing process. Real estate professionals include agents, property managers, general contractors, and real estate investors ...
A legal instrument used to transfer interest in a property. A quitclaim deed does not necessarily ensure clear title, since a grantor can sign a quitclaim deed even if they have no interest in the property ...
A legally binding agreement that allows a buyer the option to purchase something at a predetermined price on or before a predetermined time. These options have real value and may be bought and sold independently of the purchase item in most cases unless the option excludes this ...
An agreement between a buyer and a seller of a piece of real estate defining the terms under which the transaction may be completed. In some cases, this agreement may be assigned to another party ...
An individual in charge of regular maintenance of a rental property ...
Personality Profile Assessment
A short, standardized, objective assessment designed to help employers, managers, and team captains assess whether current and potential team members have the aptitude and affinity for specific tasks, projects, and roles in the company and on their specific team ...
The amount of work that each dollar you invest “costs” you a property. For example, a typical vacation rental has a high PPD because it requires a great deal of maintenance. Corporate housing rentals tend to have lower PPD because the tenants take good care of the properties in most ...
A property representing a potential deal for an investor located without the property being formally listed for sale. Off-market deals may include pocket listings, which are not listed on the MLS, as well as leads generated by mailings and other forms of motivated-seller solicitation ...
Net operating income (NOI) is the annual income generated by a rental property after subtracting all expenses from operations. Note: NOI does not factor in your financing costs. The cash flow left when you subtract all reasonable and necessary operating expenses from your property’s revenue, excluding principal and interest on ...
