A property that is leased to tenants for residential or commercial purposes, generating income for the owner.

The operation, control, and oversight of real estate, including maintenance, tenant relations, and financial management.

The process of evaluating potential tenants to determine their suitability for renting a property, often involving background checks.

A legally binding contract between a landlord and tenant outlining the terms of rental, including rent amount and duration.

The interactions and communication between landlords and tenants, crucial for maintaining a positive rental experience.

The planning, organizing, directing, and controlling of financial activities related to rental properties.

A plan outlining regular maintenance tasks and inspections to keep a rental property in good condition.

The legal process of removing a tenant from a rental property, typically due to non-payment or lease violations.

Techniques and strategies used to resolve disputes between landlords and tenants effectively.

The process of creating a plan to manage income and expenses for rental properties.

The ongoing maintenance and repairs necessary to keep a rental property in good condition.

The responsibilities landlords have under the law, including fair housing regulations and lease compliance.

The prevailing prices for rental properties in a specific area, used for setting competitive rental prices.

Legal entitlements that tenants have under housing laws, such as the right to a safe living environment.

The process by which landlords collect rent payments from tenants, often on a monthly basis.

A thorough examination of a rental property to assess its condition and identify maintenance needs.

A document prospective tenants fill out to provide personal and financial information for screening.

Techniques used by landlords to reach agreements with tenants on lease terms and conditions.

A strategy for effectively sharing information with tenants regarding maintenance and property issues.

Estimates of future income and expenses for a rental property, used for budgeting and planning.

A conflict resolution process where a neutral third party helps landlords and tenants reach an agreement.

A brief overview of a rental property management plan highlighting key strategies and objectives.

Input and evaluations provided by fellow students on assignments, fostering collaborative learning.

The money received by landlords from tenants in exchange for the use of their property.

The process of determining the market value of a rental property, often for investment purposes.

Guidelines established by landlords for evaluating and selecting tenants based on their applications.