Property management glossary
Plain-English definitions of the terms property managers, owners, and investors run into every day, from management fees and owner distributions to cap rate and NOI.
- Property management fee
- Owner distribution
- Trust account (property management)
- Operating reserve
- Security deposit
- Rent roll
- Net operating income (NOI)
- Capitalization rate (cap rate)
- Cash-on-cash return
- ACH rent payment
- Tenant ledger
- Notice to vacate
- Waterfall distribution
- Vacancy rate
- Backup withholding
- Schedule E
- Rental property depreciation
- 1099-NEC vs 1099-MISC
- Foreign owner withholding
- QBI deduction
- Batch distribution
- Month-end close
- NSF / ACH return
- Commingling
- Double-entry bookkeeping
- HAP payment (housing assistance payment)
- Owner statement
Put the terms to work
AXYS runs rent, automated distributions, reserves, and accounting in one system. Book a 30-minute walkthrough.