Glossary
What is SOFR (Secured Overnight Financing Rate) in real estate?
SOFR stands for the Secured Overnight Financing Rate. It is an important interest rate used for overnight loans in U.S. financial markets. It was created after the 2008 financial crisis.
How DSCR loan work in real estate?
The Debt Service Coverage Ratio (DSCR) is a key financial metric for real estate investors. It shows the relationship between a property’s net operating income (NOI) and its ability to
What does HOA stand for real estate?
The acronym HOA represents Homeowners Association. A group manages a planned neighborhood, which typically includes single-family homes or condominiums. They are responsible for creating and enforcing rules that all property
What are Ingress and Egress Mean in Real Estate?
Egress points in buildings allow safe exit, required by codes. Ingress is entry, egress is exit; data security is crucial.
What Is Concession Rent in real estate?
Concession rent is a discount given by landlords to attract potential tenants to their rental properties. Landlords give this incentive during lease talks to quickly fill empty spaces, especially in
Define Appurtenance in Real Estate?
When you buy a piece of property, you don’t just purchase the land. You also get everything that is legally attached to or associated with it. This is referred to
What does STR stand for in real estate?
Short-term rental (STR) refers to leasing property for less than 30 days at a time. People usually do this through platforms like Vrbo or Airbnb. Rentals can include anything from
What is a Capital Call in real estate?
A capital call in real estate is when the general partner asks the limited partners for more money for the fund. This is common in private equity and venture capital.
What Is Seller Credit on a House? Explained Simply
Seller credit is money the seller agrees to pay to help cover the buyer’s closing costs during a real estate deal. Home buyers can save money with this credit, especially
What is Admin Fee Apartment in real estate?
Landlords or property managers often ask for an administrative fee apartment. When you apply to rent an apartment, you must pay this fee. This fee is used to process your
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While our journey began as RealSage, our owner and manager clients inspired the decision to rebrand to Leni.
— Leni (@Leni_for_RE) August 29, 2024
Our reimagined platform and brand identity is centered around Grow Your Real Estate Returns.
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