Glossary of A terms

Expand your property management knowledge starting with the letter A.

An image of the letter A, representing this glossary category

A

Arrears Management

Explore the definition of arrears management in rental property management, along with its importance for maintaining cash flow, and effective strategies for managing late rent payments.

The Average Daily Rate (ADR) is key in property management, indicating average rental income per unit to guide pricing and performance strategies, with strategic management boosting revenue and market competitiveness.

Available Units

Managing available units—vacant properties ready for lease—is key for real estate success, impacting occupancy rates, income, and property value through strategic marketing and maintenance.

Addendum

Addendums are essential in real estate, adding terms to existing contracts for clarity and flexibility without changing the original agreement.

Amenities

Explore how amenities boost property appeal, tenant satisfaction, and investment returns in real estate.

Affordability Analysis

Affordability analysis is a comprehensive evaluation of a buyer's financial health, including income, liabilities, and available funds, against the backdrop of the purchase price, mortgage terms, property taxes, insurance, and any homeowners' association (HOA) fees.

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