Occupied units divided by total units, expressed as a percentage.
Occupancy rate is the inverse of vacancy rate and the fastest way to gauge portfolio health. Physical occupancy counts occupied units; economic occupancy compares collected rent to gross potential rent and is usually the lower, more honest number.
A 100-unit building with 95 occupied units has 95% physical occupancy. If concessions and delinquency mean $92,000 of a $100,000 potential is collected, economic occupancy is 92%.
High physical occupancy hides two different problems: units full at below-market rent, and units full with residents who are not paying. Economic occupancy exposes both, which is why lenders and owners ask for it.
Report both figures with the same as-of date and the same unit count. Pair occupancy with days-on-market and delinquency aging so a falling number can be traced to a cause rather than debated.
Counting a unit as occupied from the lease signature rather than the move-in, excluding units held off-market for renovation without saying so, and reporting physical occupancy alone.
Additional rent means charges beyond base rent that the lease enforces as rent. What it covers, why the label matters, and how to bill it.
Applicant screening verifies credit, income, rental history and references. How uniform criteria work and where fair-housing risk sits.
Cap rate is net operating income divided by value. How to calculate it, what it tells you, and where the number gets distorted.
CAM is a commercial tenant's pro-rata share of shared-space costs. How estimates, reconciliation and caps work in practice.
Delinquency is the state of being past due on rent. How aging buckets, late fees and escalation work without heading straight to eviction.
Escrow is money held by a third party until a condition is met. What it means for deposits, rent disputes and closings.
$49/month includes 5 units, then per-unit pricing that drops as you grow. Optional modules are billed separately and must be added deliberately.
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