MFI: Leasingology 101

Industry newcomers can easily get confused with the many acronyms used amongst leasing professionals.

anacanIf you’re new to the property management/multifamily housing industry, you might feel as if industry veterans speak a language all their own. And, they really do, don’t they?

It reminds me of the scene in the movie Good Morning Vietnam where Adrian Cronauer remarks to his boss, who is fond of using military acronyms and jargon, “Excuse me, sir. Seeing as how the VP is such a VIP, shouldn’t we keep the PC on the QT? ‘Cause if it leaks to the VC he could end up MIA, and then we’d all be put on KP.”

I remember in my early days my CM coming to me telling me, “Rommel, remember when you’re filling out the MSR to get PTE….” What?

So, if you are new to this whole thing, we wanted to give you a quick primer on the terms you’re likely to hear and what they mean, so that you can get up to speed quickly. If you’re an industry veteran, please forward this to your new associates and add your own as well!

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Rommel (pronounced “Roh-mel”) Anacan is one of the most dynamic, entertaining and educating speakers in the multifamily industry today. (He paid us to write this.) Building on his extensive experience in the industry, both onsite and at the corporate levels, Rommel works with leading companies and organizations nationwide helping them achieve their maximum potential and performance with a powerful “Win With People” message and approach to organizational development.