Management

hyomenrimawari (growth) / jisshitsurimawari (net/NOI) -表面利回り（グロス）と 実質利回り（ネット・NOI）

Gross yield measures the rental income of a property as a percentage of its price over a year, giving an idea of the investment return. Net yield, on the other hand, accounts for additional costs like purchase expenses and annual maintenance fees, providing a more accurate assessment of the investment’s profitability.

sublease -サブリース

This is a kind of rental management method where a property owner leases their property to a subleasing company, which then rents it out to tenants. With this arrangement, the subleasing company usually offers rent and payment default guarantees, allowing the property owner to avoid the hassle of managing the property and still earn a relatively stable income.

shuzentsumitatekin -修繕積立金

「修繕積立金」 is a long-term reserve set aside to cover the costs of maintaining and repairing buildings, like apartments or condominiums. It ensures there are funds available when large-scale repairs or maintenance due to aging are needed. Each owner contributes a fixed monthly amount to this fund, and the amount can vary depending on the property and management association. This fund is essential for maintaining the long-term value and safety of the building.

kanrijutaku -管理受託

It means that property owners hire a professional management company or manager to handle the property instead of doing it themselves. This lets experts take care of things like maintaining the property, managing rentals, and dealing with tenants. It usually includes tasks such as regular property checks, repairs, collecting rent, and responding to tenant questions. Property owners pay a fee to the management company and it helps keep things running smoothly.

biru-management -ビルマネジメント（BM）

It refers to the specialized service of managing and operating buildings or commercial facilities. This includes maintaining the building, inspecting and repairing equipment, cleaning, managing security, and handling tenant issues. BM plays an important role in preserving the value of the property and ensuring efficient operation. It also involves managing lease agreements, collecting rent, and suggesting improvements to the facility. Through BM, the safety and comfort of the building are enhanced, leading to long-term stable operations.

property management -プロパティマネジメント（PM）

It involves the specialized tasks of operating and managing real estate. This includes tasks like signing contracts with tenants, collecting rent, and managing or improving facilities. The goal is to maximize the property’s value and ensure stable income. This approach provides owners with consistent rental income and helps increase the property’s value.

master lease -マスターリース

It refers to a rental arrangement where a party leases an entire property and then subleases it to other individuals or businesses. For example, a property management company might lease an entire building from the owner and then rent out individual floors or units to different tenants. This arrangement allows the property owner to receive a stable rental income, while the management company handles all tenant agreements and property management. 「マスターリース」model aims to provide efficient management and steady income.