by Ted Farry | Jan 11, 2019 | single family rental property
Real Estate Owned (REO) A Real Estate Owned or REO property is a property owned by a lender, usually a bank. Depending on the jurisdiction, an REO is the result of the lender exercising its remedy for a borrower in default, called foreclosure. The bank actually takes...
by Ted Farry | Jan 11, 2019 | single family rental property
Real Estate Investment Trust (REIT) A Real Estate Investment Trust is a type of entity that owns – and typically operates – income-producing single family rental investment property or other type of real estate or real estate-related assets. REITs provide a way for...
by Ted Farry | Jan 11, 2019 | single family rental property
Qualified Intermediary A Qualified Intermediary is an unrelated party who participates in the tax-deferred, 1031 exchange to facilitate the disposition of the exchangor’s relinquished single family rental investment property or other type of property and the...
by Ted Farry | Jan 11, 2019 | single family rental property
Property Tax Property tax is a real estate ad-valorem tax, calculated by a local government, which is paid by the owner of the property. The tax is typically based on the assessed value of the owned property, including land, that is a derivative of the property value....
by Ted Farry | Jan 11, 2019 | single family rental property
Property Manager The Property Manager is the person or company responsible for managing the single family rental investment property or other type of investment property in exchange for a fee. Property managers oversee the leasing, rent collection, repairing and...
