When investing in real estate, it’s essential to be familiar with the language. One way to sound like an expert is to know the jargon and the different property listing acronyms. Remember, you throwing fancy text into your listing or not understanding a listing for a property you want to buy can lead to confusion and losing out on a deal.
Creating an excellent listing and an airtight lease agreement are two important aspects of making money from rental properties and being strategic about the language you use so that potential tenants can understand what you’re offering and know that you’re an investor they want to work with in the future.
This indicates how many cars will fit in the garage of the residential property: 1C is a one-car garage, 2C is a two-car garage, and so on. Use this critical acronym when creating a listing for a rental property or selling a flipped home.
The first number (the number to the left of the slash) indicates the number of bedrooms in a home. The second number (the number to the right of the slash) tells how many bathrooms.
In simple terms, seeing 2/1 equals a listing for a home with two bedrooms and one bathroom.
BD is an acronym for bedroom. Property owners use this term to clarify the number of bedrooms in a residential property.
HVAC is an acronym for heating, ventilation, and air conditioning. If a real estate listing includes this acronym, the property has all of these features included and often in one system. This is important, especially if targeting tenants or buyers looking for homes that have climate control.
The property has hookups for a washer and a dryer. If you’re looking for a home with easy access to laundry facilities, then watch for this acronym in your search. In addition, be sure to mention these critical amenities in your listing for a rental property or rehabbed home for sale.
The property is a townhome, not an apartment in a complex or single-family residence. While it’s not an apartment, a townhouse usually shares at least one wall with an adjoining unit. These residential properties often have a yard and a garage.
Townhouses generally have a higher property value than apartments and can be excellent investments for first-time investors.
If you’re looking for a place with a pool, this acronym will let you know that the complex you’re considering as an investment property has one. Investment properties with pools will generally boost your rental income and positively influence your investment properties’ cash flow.
The property owner also acts as their real estate agent. This is common in For Sale by Owner (FSBO) situations, but it can also happen when an investor owns multiple rental properties and manages the units, too.
The property has a fenced-in yard. This can be an excellent amenity for pet owners or people who want to keep their lawn looking pristine. It’s also a security feature to keep kids and animals safe.
The owner is providing all information about the property to the tenant, or Seller Disclosure. This can include past repairs, leases or rental agreements with other tenants, and even information about code violations or legal issues.