Real estate and property glossary
Plain-language definitions for rental operations, owner reporting, maintenance workflows, and property performance tracking your team can reuse.
Trend Report
A report showing direction over time rather than one moment.
Turnover Cost
The total cost of preparing a vacated unit for reuse.
Unit Turnover
The full process of preparing a vacated unit for the next resident.
Utility Recovery
Billing back utility cost to tenants or users.
Utilization Rate
The share of capacity that is actually being used.
Vacancy Rate
The share of units or nights that remain unsold or unleased.
Vacant Unit Walkthrough
A guided review of a vacant unit before leasing or repair.
Variance Analysis
The review of why actual results differ from plan.
Vendor Dispatch
Sending the right external vendor to the job.
Virtual Tour
A remote property walkthrough using video or immersive media.
Warranty Claim
A request to recover repair cost under warranty terms.
Waste Management
The process for handling waste collection and disposal.
Water Meter
The device used to measure water consumption.
Work Order
The record used to assign and track a repair task.
Yield Management
Optimizing revenue by matching price to constrained inventory.