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Idiot's Guides: Making Money with Rental Properties by Lisa Iannucci, Kimberly Smith

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APPENDIXA

Glossary

accredited management organization (AMO)  A property management firm that has received credentials from the Institute of Real Estate Management.

accredited resident manager (ARM)  A certification awarded to those who meet the standards set by the Institute of Real Estate Management for residential real estate management professionals.

adjustable rate mortgage (ARM)  A mortgage with an interest rate that’s periodically adjusted.

agent  See real estate agent.

amenity  A feature that increases attractiveness or value, especially of a piece of real estate or a geographic location.

annual percentage rate (APR)  The interest rate for a whole year (annualized), rather than just a monthly fee/rate, as applied on a loan, mortgage loan, ...

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