Notes on leasing, measurement, and growth.

Learn what gross potential rent means in multifamily real estate, how to calculate it, and how vacancy, concessions, and rent differences affect revenue.

Learn what cap rates mean in multifamily real estate, how to calculate them using NOI, and how investors use capitalization rates to evaluate apartment properties.

Learn what loss to lease means in multifamily real estate, how to calculate it, and how differences between market and contracted rent affect property revenue.

A multifamily property can look full and still underperform. That is the core reason landlords and investors need to track both physical occupancy and economic occupancy. Physical occupancy tells you how many units are filled. Economic occupancy tells you how much rent the property is actually collecting compared with what it could collect. One measures bodies in beds. The other measures dollars in the bank. Both matter. Used together, they give a much clearer picture of prop

A full leasing pipeline can still hide a leasing problem. If many prospects inquire, tour, or apply but only a small share sign leases, the issue is not demand. It is conversion. Multifamily lead-to-lease conversion rate shows how well a property turns prospective renters into signed leases. For property managers and owners, it connects marketing, leasing performance, pricing, follow-up, and resident experience into one practical metric. Strong conversion starts with attracti

Net operating income, or NOI, is one of the most important measures of a multifamily property's financial performance. It represents the income a property generates after accounting for its normal operating expenses, but before expenses related to financing, taxes, depreciation, and capital improvements. For apartment owners and operators, NOI provides a relatively straightforward way to measure how well a property is performing as an operating business. How Is NOI Calculated