Property Management Glossary

Aaron 2022 Master Lease-

Addendum-

Adverse Action Letter- a letter to be sent to a denied applicant stating the reason for denial

Application-

Approved Application with Conditions-

Approved Application-

BTO- A bill that you will be charging to the owner. Used for vacant units

BTT- A bill that you will be charging to the tenant

Background check

Consumer Notice-

Contractor-

Cosigner-

Credit check

Delinquency-

Denied Application-

Double Deposit-

ERAP-

Eviction-

GL account- a code that categorizes money made or money charged. Important for tax purposes

Guest cards-

High Water Usage Addendum-

In-House Maintenance-

Inherited Tenant-

Late Fee-

Laundry hook-ups-

Lead- Leads come through email, Appfolio, text, and Facebook Marketplace. They are inquiries by potential renters.

Lease Break-

Lease expirations-

Lease-

Maintenance Request-

Month to Month Lease-

Move-In Flow-

Move-in Inspection-

Multi-Family

Multi-Unit

No Smoking Addendum-

Non-renewal-

Owner Onboarding-

Pet Addendum-

Pet Deposit-

Project Management-

Proof of income

Prospect - Someone that is interested in renting one of our units.

Pulling Comps-

RUBS Addendum-

RUBS- Ratio Utility Billing System. RUBS is most often used in multi-unit buildings or ones with common areas. RUBS splits the amount of utility bills by the owner, and square footage or unit in percentages.

Renewal-

Rent History

Rental Assistance-

Renter's Insurance Addendum-

Renters/Liability Insurance-

Reserves-

Scope of Work-

Screening Report-

Section 8-

Security Deposit-

Shared meter-

Single Family-

Site Unseen Addendum-

Sub-lease

Tenant Ledger-

Tenant Portal-

Third Party Sites- sites like Zillow, Trulia, and HotPads where listings can be posted, other than just on our website

Unit Turns-

Utility Bill-

Vendor Bill-

Vendor Ledger-

W-9-

Walkthrough- an observation of the property done before listing for rent, after a move-out, after maintenance work is completed. Detailed notes/pictures should be taken

Wet Basement Addendum-

Winterization-

Work Order-

Date Calculator - https://www.timeanddate.com/date/duration.html

Free URL Shortener - https://free-url-shortener.rb.gy/

PALS Login - https://www.pals.pa.gov/#/page/login

Gas Trip Calculator - https://www.gasbuddy.com/tripcostcalculator

Construction & Repair Guides - https://www.finehomebuilding.com/