 acronyms (by 6x6 [TN]) Dec 12, 2018 3:49 PM
 acronyms (by OPM [OR]) Dec 12, 2018 4:30 PM
acronyms (by DJ [VA]) Dec 12, 2018 4:39 PM
acronyms (by 6x6 [TN]) Dec 12, 2018 5:12 PM
acronyms (by AllyM [NJ]) Dec 12, 2018 5:23 PM
acronyms (by 6x6 [TN]) Dec 12, 2018 5:25 PM
acronyms (by Don I [MO]) Dec 12, 2018 6:31 PM
acronyms (by Still Learning [NH]) Dec 12, 2018 6:33 PM
acronyms (by Salernitana [CA]) Dec 12, 2018 10:51 PM
acronyms (by David [MI]) Dec 13, 2018 7:21 AM
acronyms (by 6x6 [TN]) Dec 13, 2018 2:01 PM
acronyms (by Lynda [TX]) Dec 14, 2018 3:13 PM
acronyms (by Ray-N-Pa [PA]) Dec 14, 2018 5:06 PM
acronyms (by 6x6 [TN]) Dec 14, 2018 5:12 PM
acronyms (by 6x6 [TN]) Posted on: Dec 12, 2018 3:49 PM
Message:
What are all of the acronyms used in land lording and what do they mean? I tried to google this and all I could find so far is real estate acronyms that seem to be missing some I have seen on here. Thank you for your time and help.
--73.120.xx.xxx |
acronyms (by OPM [OR]) Posted on: Dec 12, 2018 4:30 PM
Message:
From my youth... FUBAR --162.247.xx.xx |
acronyms (by DJ [VA]) Posted on: Dec 12, 2018 4:39 PM
Message:
Are there some specific ones you are wondering about? --68.10.xxx.x |
acronyms (by 6x6 [TN]) Posted on: Dec 12, 2018 5:12 PM
Message:
OPM,I remember that one. DJ(VA),I do not remember at the moment but there have been a few pop up I am unsure of. ELT was one someone answered on another post I can go back and look up,I just was not sure what all ones there might be and was trying to maybe find a list I could save. Thank you for your response. --73.120.xx.xxx |
acronyms (by AllyM [NJ]) Posted on: Dec 12, 2018 5:23 PM
Message:
PITA is one that comes to mind from here. Pain in the xxx tenant usually. --73.248.xxx.xxx |
acronyms (by 6x6 [TN]) Posted on: Dec 12, 2018 5:25 PM
Message:
Thank you AllyM,I understand what you mean. --73.120.xx.xxx |
acronyms (by Don I [MO]) Posted on: Dec 12, 2018 6:31 PM
Message:
OPM: Other People's Money (typically used when talking about using someone else's money to make your investment (such as a private lender and/or financial partner.
ELT: Early Termination Fee. Fee charged for terminating the lease early. Needs to be built into the lease. --97.42.xxx.xxx |
acronyms (by Still Learning [NH]) Posted on: Dec 12, 2018 6:33 PM
Message:
ELT is early lease termination. Most LL on here refer to an ELT fee meaning the tenant pays a flat fee to get out of the rest of their lease. If you search ELT you will find discussion on amounts, lease language etc. --24.61.xxx.xx |
acronyms (by Salernitana [CA]) Posted on: Dec 12, 2018 10:51 PM
Message:
POQ notice means "Pay or Quit" notice. By California's laws, it's a 3-day-Pay-or-Quit notice, and it's a great way to make a tenant pay rent, according to a certain type of schedule of three days-sundays aren't counted I think. If the tenant doesn't pay within the number of days, then an Unlawful Detainer, UD, can be initiated. I think that it amounts to an eviction.
I hope very much that you find good tenants and will never need to issue a POQ notice. Best of luck. --73.93.xx.xx |
acronyms (by David [MI]) Posted on: Dec 13, 2018 7:21 AM
Message:
PITI is Principal, Interest, (property) Taxes, and Insurance. Those four items make up your monthly mortgage payment. --198.135.xxx.xxx |
acronyms (by 6x6 [TN]) Posted on: Dec 13, 2018 2:01 PM
Message:
Thank you all very much for your help.Salemitana(CA),I also hope I find good tenants,thank you for your response. --73.120.xx.xxx |
acronyms (by Lynda [TX]) Posted on: Dec 14, 2018 3:13 PM
Message:
Some others used here are not actually real estate or banking. Some are relationships. DH=dear husband/DW=dear wife; SIL/DIL=son/daughter in law; SO=significant other,etc. --108.87.xx.xxx |
acronyms (by Ray-N-Pa [PA]) Posted on: Dec 14, 2018 5:06 PM
Message:
The most important one is ROI. Return on Investment.
You are doing this as a business so treat it that way always --72.23.xxx.xx |
acronyms (by 6x6 [TN]) Posted on: Dec 14, 2018 5:12 PM
Message:
Thank you for your responses. --73.120.xx.xxx |
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