Save
Busy. Please wait.
or

show password
Forgot Password?

Don't have an account?  Sign up 
or

Username is available taken
show password

why


Make sure to remember your password. If you forget it there is no way for StudyStack to send you a reset link. You would need to create a new account.
We do not share your email address with others. It is only used to allow you to reset your password. For details read our Privacy Policy and Terms of Service.


Already a StudyStack user? Log In

Reset Password
Enter the associated with your account, and we'll email you a link to reset your password.
focusNode
Didn't know it?
click below
 
Knew it?
click below
Don't know
Remaining cards (0)
Know
0:00
share
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.

  Normal Size     Small Size show me how

CAM Industry Essenti

CAM Industry Essentials

TermDefinition
renters decision matrix location housing cost size life circumstances
categories of renters by choice and by circumstances
apartment calculator
CAM roles VPRIB maximize value, purchasing decisions, collect rent, process invoices, pay bills
value estimated monetary worth
investment use of funds to earn a profit
life cycle of multifamily real estate growth stability decline revitalization
growth improvements are made to a property and demand increases
stability property undergoes little change and is operating optimally
decline property requires increasing amount of upkeep to retain original utility and demand increases
revitalization property is renovated and increased demand is stimulated
investment goals RCTDPVP rate of return, cash flow, tax benefits, investment diversification, quick profit from repositioning, increased value over time, pride of ownership
advantages to investing produce regular cash payments, value increase, tax benefits, can be purchased with leverage
disadvantages to investing lack of liquidity, need to actively manage time, risk
stakeholders owners, investors, lenders, employees, vendors, contractors, residents, prospects, neighbors
investor advocate increase value, meet financial goals, manage employees, follow regulations and laws, maintain ethics
resident advocate environment, communicate, relationships, solicit and respond to feedback, programs and activities
moral compass triangle moral, ethics, law
housing types IROT income amount( section 8, tax credit) type of resident (senior, student, military) type of ownership (condos, co-ops, renter single family), type/ duration of stay (mixed use, extended stay rental)
conventional market-rate MF no rent restrictions or rent subsidies
affordable housing decent, safe earn less than 60% of Area Median Income (AMI) federal, state, or private subsidies
affordable housing: project based section 8 type of affordable housing rents sub by HUD under section 8 New Construction, Substantial Rehab, Loan Management Set- Aside (LMSA) programs assistance is "project- based" HUD subsidizes for assisted units based upon contractually determined perio
LMSA Loan Management Set Aside- project based affordable housing
affordable housing: LIHTC low income housing tax credit dollar for dollar tax credit incentives for private investors 90% of affordable rental housing individual state agencies state regulates properties for compliance
workforce housing local gov, planners, developers, lenders affordable housing close to work
senior housing 55+ conventional market rate and affordable services to remain in their homes longer "age in place"
senior housing: independent living "friendlier" to 55+ compact, easy to navigate some support services residents care for themselves programs and rec centers provided
senior housing: assisted living help with "activities of daily living" staffed 24 hours a day residents stay in same general area as needs change
senior housing: full service or continuing care retirement communities independent, assisted, nursing home in one place
purpose built student housing college students shared living room and kitchen with private bedrooms leased "by the bed"
military housing MHPI military housing privatization initiative "96 private sector financing, expertise and innovation DOD revitalize financial programs direct loans, loan guarantees, equity investments, conveyance or leasing of land BAH basic allowance for housing
condominium units individually owned deed right to sell, mortgage joint ownership of common grounds, hallways, lobbies
co-op association group of apartments and common areas residents own a share in co-op Board of Directors manage co-op restrictions on transfer of shares, limits on income, max. sale price
class A owned by institutional investors lowest CAP rate high unit prices strong cash flow most appreciation potential
Class B owned by high net worth individuals, institutional investors, investment groups good cash flow
Class C owned by private investors, private investment groups good cash flow low appreciation potential
Class D challenging neighborhoods intensive management little appreciation potential
location factors proximity to work, family, schools, stores, health care walkability proximity to public trans
housing cost % of renter's income allocated to rent and utilities assistance programs lack a down payment for house
size less space than SF
life circumstances flexibility easy to move with job change reluctance to be responsible for maintaining a house
corporate apartment fully furnished apartment amenities
Created by: MelCrab
 

 



Voices

Use these flashcards to help memorize information. Look at the large card and try to recall what is on the other side. Then click the card to flip it. If you knew the answer, click the green Know box. Otherwise, click the red Don't know box.

When you've placed seven or more cards in the Don't know box, click "retry" to try those cards again.

If you've accidentally put the card in the wrong box, just click on the card to take it out of the box.

You can also use your keyboard to move the cards as follows:

If you are logged in to your account, this website will remember which cards you know and don't know so that they are in the same box the next time you log in.

When you need a break, try one of the other activities listed below the flashcards like Matching, Snowman, or Hungry Bug. Although it may feel like you're playing a game, your brain is still making more connections with the information to help you out.

To see how well you know the information, try the Quiz or Test activity.

Pass complete!

"Know" box contains:
Time elapsed:
Retries:
restart all cards