Sentences with phrase «monthly effective rents»

In July 2015, we identified an affordability gap of approximately $ 400 - $ 500 between the monthly effective rent at the newest Class A product in the submarket.

Not exact matches

Effective Gain of Owning: This is the effective gain you receive by purchasing a home with a payment similar to your montEffective Gain of Owning: This is the effective gain you receive by purchasing a home with a payment similar to your monteffective gain you receive by purchasing a home with a payment similar to your monthly rent.

Property Management — Duties & Responsibilities Coordinate regular maintenance and repairs as well as emergency resolution through the efficient management of maintenance team and general / sub-contractors, also participating in restoration and renovation projects to ensure timely completion within designated budgets Develop annual property budget and monitor with monthly variance reports, preparing financial statements and various regular and ad - hoc reports on property status, including occupancy rates and lease expirations Provide relevant oversight and administration to tenant build - outs, utility service termination and transfer, supply purchasing, and building consolidation processes Support firm management to aid in effective customer service, maintenance, and general property operations, delegating important tasks and assignments while overseeing all critical management aspects Organize, manage, and execute all aspects of the lease process, facilitating the ease of operational aspects as well as price / term negotiations, rental agreement reviews, rent collection, impounds, and tenant eviction as necessary Generate increased revenue through tenant referrals as well as consistent lease renewals through effective service and timely issue resolution Identify and develop talent among hired staff and property personnel, utilizing focused training efforts within a performance - based work environment designed to utilize the critical strengths of assistants, supervisors, and techs Provide continuous assessment of property usage and needs, while furnishing oversight and guidance regarding effective preventative maintenance programs, renovation considerations, and cost reduction / control measures Maintain a strong working knowledge of the leasing property, respective marketplace, and general economic trends Act as a liaison between clients, vendors, sales personnel, support staff, and senior management to facilitate information flow and drive operational efficiency

The following example demonstrates how this provision works: where rent is due monthly, the termination would become effective in the month following the termination (so, if rent is due on the first of the month and tenant sends the termination notice on July 10th, termination occurs on August 31st.)

Even if the purchased unit is not fully paid off at the time of closing and the monthly payments are transferred to the buyer, owning can still be significantly more cost - effective than renting.

In fact, the median effective monthly rent for units in the top 50 metros built within the past four years has increased 21.4 % from 2008 (after adjusting for inflation), landing at $ 1,554.