House Hacking
House hacking is a strategy where an owner occupies a portion of a property while generating income from the remaining portion to offset housing costs. Common examples include living in one unit of a
House hacking is a strategy where an owner occupies a portion of a property while generating income from the remaining portion to offset housing costs. Common examples include living in one unit of a
A home warranty is a service contract that covers repair or replacement of certain home systems and appliances for a defined period, typically one year. Home warranties are often purchased during residential transactions, sometimes
A home inspection is an evaluation of a property’s physical condition performed by a licensed or qualified inspector. The inspection typically occurs during a buyer’s due diligence period and is intended to identify visible
HOA fees are recurring payments made by property owners to a homeowners association. These fees fund the maintenance, management, and shared costs of a community, building, or planned development. HOA fees are common in
Gross rental yield is a metric used to estimate the annual rental income of a property relative to its purchase price or current value. It is typically calculated by dividing annual gross rent by
Gross rental income, often abbreviated GRI, is the total rental income a property generates before accounting for vacancy, credit losses, operating expenses, or capital expenditures. It represents the top line rent revenue, typically measured
Gross rent multiplier, often abbreviated GRM, is a quick valuation metric that compares a property’s price to its gross rental income. It is calculated by dividing the purchase price by the annual gross rent.
FSBO stands for For Sale by Owner. It refers to a property sold directly by the owner without listing the property through a real estate agent. FSBO is most common in residential real estate,
FRBO stands for For Rent by Owner. It refers to a rental listing where the property owner markets and leases the property without using a real estate agent or property management company. FRBO listings
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