Question: What does LTR stand for in real estate?

Is it better to invest in Long Term Rentals (LTR) or Short Term Rentals (STR)? This is a question that comes up a lot when considering investing in real estate.

What does the abbreviation LTR stand for?

abbreviation. long-term relationship.

What does property Type ll mean?

LL Property means property belonging to MIT or property belonging to the U.S. Government located at LL, for which LL has property management responsibility.

What does LM mean in real estate?

The listing is on market. … The listing is still on market. This status is generally used to indicate that the seller is looking for additional back-up offers, or that the property is subject to financing, court or other third party approval.

What does LTR mean in sales?

What is LTR anyway? Long-term revenue is the projected revenue a customer generates during the entire future business relationship with them. One simplified way to think about it is to consider the average worth of a particular customer to your business over the long run.

What does LTR stand for in marketing?

Rating. LTR. Letter. Business » General Business — and more…

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What is W W closet?

W/W: Wall-to-Wall (as in W/W carpet or window or closet)

What does CS mean in real estate?

CS) Call the property you see marked as contingent Property #1. The person trying to buy Property #1 owns a home which she must sell in order to buy Property #1. We will call the home the buyer must sell Property #2. The buyer has not yet accepted an offer on her property, Property #2.

What is Class C property?

What is a Class C property? A Class C property is one that is older (typically 30+ years old), in fair to poor condition, and typically not as well-located as a Class A or Class B building. They are considered to be the “riskiest” investment, but in turn, offer some of the best potential cash-on-cash returns.

What does TL mean in real estate?

TL;DR (Too Long; Didn’t Read)

means “and others.” It is a shorthand way of referencing other property owners whose names are not written in full.

What property type is land?

The IRS defines section 1250 property as all real property, such as land and buildings, that are subject to allowance for depreciation, as well as a leasehold of land or section 1250 property.

What does BPO mean in real estate?

When a real estate broker or other qualified professional determines a property’s estimated value, it’s considered a broker price opinion. A BPO is used as part of the listing agreement when selling a house. A lender, loss mitigation company or mortgage company that wants an assessment of a property can request a BPO.

What does oth mean in real estate?

Definition. OTH. Over-The-Horizon (usually radar) OTH. On the House.

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What does ASF mean in real estate?

Gross Area Definition: The sum of all areas on all floors of a building included within the outside faces of its exterior walls, including all vertical penetration areas, for circulation and shaft areas that connect one floor to another. ASF = Assignable Square Feet.