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Will You Add? - Commercial Real Estate Jargons Investors Should Know
Business mailing lists considerably increase the power of a company’s marketing campaign. Many companies buy mailing lists to help bolster their advertising. These lists target consumers by demographic lifestyles and purchase behavior, and target businesses by standard industrial classification (SIC) code, sales volume or size.Mailing list brokers or vendors like MartinWorldWide.net, VendorSeek.com, AllMedia Inc.com, ListShopper.com, InfoUSA.com and GuaranteedLists.com rent or sell their mailing lists to advertisers. In mo
NOI: Net Operating Income. Annual income minus Property Taxes, insurance & CAM fees.
Pad: stand alone building in a prime location of a big shopping center.
Pass Thru: see reimbursement.
Percentage lease: lease in which tenant pays base rent plus a percentage of tenant's revenue.
Phase I Report: inspection report that provides an assessment for soil/environment contamination. It's normally required by the lender as part of loan approval process for a commercial property.
Phase II Report: inspection report for soil & groundwate
Millions will be looking for job listings in 2006. It’s a big help to know where the most openings occur.Why?Well, if you’re new to the job market . . . or this is your first job . . . of it’s time for you to get serious about making a change . . . then understanding where your are likely to find job openings can help you focus.Even if you have no direct expertise in these careers, there are opportunities for transferable skills. These are your work-related capabilities and assets that have application no
Anchored tenants: big brand-name national tenants, e.g. Albertsons, Longs Drug, Walmart that bring in lots of traffic to the shopping center.
CAM: Common Area Maintenance. Associated with CAM is CAM fees. For NNN leases, the term CAM fees refer to the money tenants pay landlord to cover property taxes, insurance and maintenance.
Cap rate: Capitalization rate or the ratio of Net Operating Income over purchase price. The higher the cap rate, the higher the rental income in term of percentage. For people who invest in the stock market, cap rate is the inverse of P/E ratio. Cash on cash: annual percentage return of your down payment not including appreciation.
Conduit loan: also called Commercial Mortgage Backed Securities (CMBS) loan often with the lower rate than traditional commercial loan but either has high pre-payment penalty (called defeasance or Yield Maintenance Penalty) or does not have payoff flexibility.
CPD: Car Per Day or traffic volume on a road.
CPI: Consumer Price Index. It's often used to calculate annual rental increase to compensate for inflation.
Due Diligence Period: the duration after acceptance normally 15-30 days to allow buyer to investigate about the property. Buyer can cancel the contract during this time for any reasons and get full refund of the deposit.
Estoppel Certificate: a letter provided and signed by tenant confirming the current rent and terms.
Full-service lease: lease in which tenant pays rent that covers everything including utilities.
Gross income: total annual income before any expenses.
Gross lease: lease in which tenants just pay rent. Landlord pays tax, insurance, & maintenance.
GLA: Gross Leaseable Area or total rentable area. This is the space that can be leased and receive rental income. It does not include spaces for utilities room, elevator, etc.
GRM: Gross Rent Multiplier for apartment. Ratio of purchase price over annual income.
LLC: Limited Liabilities Company. A legal entity many investors formed to own commercial properties.
LOI: Letter of Intent/Interest or the normally non-binding offer letter used to make an offer to buy a commercial property.
MAI appraiser: Member Appraisal Institute commercial appraiser.
Master lease: lease signed by the seller to rent the vacant space to provide rent guarantee.
Mixed Use: commercial properties with retail on 1st floor and apartment on upper floors.
Triple Net (NNN) lease: lease in which tenants pay base rent plus property tax, insurance & CAM fees. Absolute NNN lease is NNN lease that tenants also pay property management fee.
NOI: Net Operating Income. Annual income minus Property Taxes, insurance & CAM fees.
Pad: stand alone building in a prime location of a big shopping center.
Pass Thru: see reimbursement.
Percentage lease: lease in which tenant pays base rent plus a percentage of tenant's revenue.
Phase I Report: inspection report that provides an assessment for soil/environment contamination. It's normally required by the lender as part of loan approval process for a commercial property.
Phase II Report: inspection report for soil & groundwater
The best way to learn online stock trading is to actually do it - in a game, that is. Before you invest top dollar in the real deal, try online stock trading games first. These games simulate the stock market very realistically. You can develop a lot of investor insight and tactics just from losing and winning.Benefits of Online Stock TradingOnline stock trading games have been very successful in creating awareness of and raising interest in investing. In fact, even younger people who play the games - particularly t
Conduit loan: also called Commercial Mortgage Backed Securities (CMBS) loan often with the lower rate than traditional commercial loan but either has high pre-payment penalty (called defeasance or Yield Maintenance Penalty) or does not have payoff flexibility.
CPD: Car Per Day or traffic volume on a road.
CPI: Consumer Price Index. It's often used to calculate annual rental increase to compensate for inflation.
Due Diligence Period: the duration after acceptance normally 15-30 days to allow buyer to investigate about the property. Buyer can cancel the contract during this time for any reasons and get full refund of the deposit.
Estoppel Certificate: a letter provided and signed by tenant confirming the current rent and terms.
Full-service lease: lease in which tenant pays rent that covers everything including utilities.
Gross income: total annual income before any expenses.
Gross lease: lease in which tenants just pay rent. Landlord pays tax, insurance, & maintenance.
GLA: Gross Leaseable Area or total rentable area. This is the space that can be leased and receive rental income. It does not include spaces for utilities room, elevator, etc.
GRM: Gross Rent Multiplier for apartment. Ratio of purchase price over annual income.
LLC: Limited Liabilities Company. A legal entity many investors formed to own commercial properties.
LOI: Letter of Intent/Interest or the normally non-binding offer letter used to make an offer to buy a commercial property.
MAI appraiser: Member Appraisal Institute commercial appraiser.
Master lease: lease signed by the seller to rent the vacant space to provide rent guarantee.
Mixed Use: commercial properties with retail on 1st floor and apartment on upper floors.
Triple Net (NNN) lease: lease in which tenants pay base rent plus property tax, insurance & CAM fees. Absolute NNN lease is NNN lease that tenants also pay property management fee.
NOI: Net Operating Income. Annual income minus Property Taxes, insurance & CAM fees.
Pad: stand alone building in a prime location of a big shopping center.
Pass Thru: see reimbursement.
Percentage lease: lease in which tenant pays base rent plus a percentage of tenant's revenue.
Phase I Report: inspection report that provides an assessment for soil/environment contamination. It's normally required by the lender as part of loan approval process for a commercial property.
Phase II Report: inspection report for soil & groundwate
The distance between marketing consultants and the real world can truly be mind boggling. When a marketing consultant tells someone to send out 10,000 postcards in order to get a 3% response rate and that the actual sales will be something less than that ...and then asks the client to pay him for that golden nugget... there has to be a problem!One subject I have heard precious little about is the process of building badwill as opposed to goodwill. When consumers were being ripped from the dinner table by long distance phon
Estoppel Certificate: a letter provided and signed by tenant confirming the current rent and terms.
Full-service lease: lease in which tenant pays rent that covers everything including utilities.
Gross income: total annual income before any expenses.
Gross lease: lease in which tenants just pay rent. Landlord pays tax, insurance, & maintenance.
GLA: Gross Leaseable Area or total rentable area. This is the space that can be leased and receive rental income. It does not include spaces for utilities room, elevator, etc.
GRM: Gross Rent Multiplier for apartment. Ratio of purchase price over annual income.
LLC: Limited Liabilities Company. A legal entity many investors formed to own commercial properties.
LOI: Letter of Intent/Interest or the normally non-binding offer letter used to make an offer to buy a commercial property.
MAI appraiser: Member Appraisal Institute commercial appraiser.
Master lease: lease signed by the seller to rent the vacant space to provide rent guarantee.
Mixed Use: commercial properties with retail on 1st floor and apartment on upper floors.
Triple Net (NNN) lease: lease in which tenants pay base rent plus property tax, insurance & CAM fees. Absolute NNN lease is NNN lease that tenants also pay property management fee.
NOI: Net Operating Income. Annual income minus Property Taxes, insurance & CAM fees.
Pad: stand alone building in a prime location of a big shopping center.
Pass Thru: see reimbursement.
Percentage lease: lease in which tenant pays base rent plus a percentage of tenant's revenue.
Phase I Report: inspection report that provides an assessment for soil/environment contamination. It's normally required by the lender as part of loan approval process for a commercial property.
Phase II Report: inspection report for soil & groundwate
That would be music to your ears! Hearing your clients say, thanks for giving a damn! And how often have you felt appreciated? All the time? Most of the time? Or seldom?Well it’s not that difficult to do! What I’m about to share may surprise you – hopefully it reinforces what you’ve known all along. So here it is:It’s Not About You!Let me explain. At six years old, I learned that giving my audience/customer what they wanted was the only way to get what I wanted – in my case, appreciation, applause and
GRM: Gross Rent Multiplier for apartment. Ratio of purchase price over annual income.
LLC: Limited Liabilities Company. A legal entity many investors formed to own commercial properties.
LOI: Letter of Intent/Interest or the normally non-binding offer letter used to make an offer to buy a commercial property.
MAI appraiser: Member Appraisal Institute commercial appraiser.
Master lease: lease signed by the seller to rent the vacant space to provide rent guarantee.
Mixed Use: commercial properties with retail on 1st floor and apartment on upper floors.
Triple Net (NNN) lease: lease in which tenants pay base rent plus property tax, insurance & CAM fees. Absolute NNN lease is NNN lease that tenants also pay property management fee.
NOI: Net Operating Income. Annual income minus Property Taxes, insurance & CAM fees.
Pad: stand alone building in a prime location of a big shopping center.
Pass Thru: see reimbursement.
Percentage lease: lease in which tenant pays base rent plus a percentage of tenant's revenue.
Phase I Report: inspection report that provides an assessment for soil/environment contamination. It's normally required by the lender as part of loan approval process for a commercial property.
Phase II Report: inspection report for soil & groundwate
Step 1: Control Your CreditIf you have open and active credit, pay close attention to this. If you do not have any open credit, you still want to pay attention to this... It's all about control!Knowing how to use credit effectively is key to building a strong file. For example, you may have been told in the past to get a credit card and max it out while making payments, or conversely you may have been told to pay credit cards off and close them. Well for a good credit score both are wrong and both are right.
NOI: Net Operating Income. Annual income minus Property Taxes, insurance & CAM fees.
Pad: stand alone building in a prime location of a big shopping center.
Pass Thru: see reimbursement.
Percentage lease: lease in which tenant pays base rent plus a percentage of tenant's revenue.
Phase I Report: inspection report that provides an assessment for soil/environment contamination. It's normally required by the lender as part of loan approval process for a commercial property.
Phase II Report: inspection report for soil & groundwater subsurface investigation. This inspection is more extensive which involves testing to see if there is any soil and water contamination.
Proforma income: potential, i.e. higher, income when the property is 100% leased.
Proforma Cap rate: potential cap rate assuming property is 100% leased at market rent.
Reimbursement: the share of property tax, insurance & CAM fees that a tenant has to pay the landlord besides the base rent.
Rent guarantee: rent paid by the seller to buyer for vacant spaces until they are leased.
SBA Loan: a government-guaranteed loan for owner-occupied properties.
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