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M

Glossary of M terms

Expand your property management knowledge starting with the letter M.

An image of the letter M, representing this glossary category
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M

Mitigation of Damages

Learn about the importance of mitigation of damages in rental property management, including strategies for minimizing financial loss and ensuring fair treatment in tenant disputes.

M

Multi-family Property

Multi-family property is relevant in property management, particularly when dealing with residential buildings that house multiple tenants under one roof.

M

Move-in/Move-out Inspection

A move-in/ move-out inspection is Important for documenting the condition of a rental property at the beginning and end of a tenancy, which helps in assessing any damages or changes that may affect security deposits.

M

Market Rent

Market rent is crucial for setting competitive rental rates, it reflects the current rent levels that could be expected in the open market for similar properties.

M

Management Fee

A management fee directly relates to the operational costs of property management, covering the compensation for managing the day-to-day tasks of a property.

M

Maintenance

Maintenance is fundamental to property management, encompassing the necessary actions to keep a property in good condition or to restore it to a functioning state.

M

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