Terms Starting with K
8 terms
K-1 (Schedule K-1)
A Schedule K-1 is the tax form a partnership, S-corporation, trust, or estate sends to each owner at year-end, reporting that owner's allocated share of income, deductions, credits, and other tax items. Real estate investors encounter K-1s most often from LLCs taxed as partnerships, limited partnerships, syndications, and Delaware Statutory Trusts (DSTs). The K-1 doesn't go to the IRS directly — it flows into your personal return via Schedule E, where partnership income and losses appear on Part II.
KPI (Real Estate)
A Key Performance Indicator (KPI) in real estate is a quantifiable metric that measures how well a property or portfolio is performing relative to a defined investment goal. KPIs translate raw financial data — rent collected, vacancies, repair costs — into actionable signals that tell you whether a property is on track, falling behind, or outperforming expectations.
Key Exchange
Key exchange is the formal transfer of property access between a landlord and tenant — either at move-in when keys are handed to the incoming tenant, or at move-out when they are returned as part of the security deposit return process. A complete key exchange protocol documents which keys were issued, how many copies exist, and confirms receipt in writing.
Key Management
Key management is the systematic process of issuing, tracking, storing, and retrieving physical keys and access credentials for rental properties. It ensures that only authorized individuals — tenants, maintenance staff, and vendors — have access at any given time, reducing liability and protecting tenant privacy.
Kitchen ROI
Kitchen ROI is the percentage of renovation costs recovered through increased sale price or rental income when updating a kitchen in an investment property.
Kitchen ROI Formula
The Kitchen ROI Formula calculates the expected financial return on kitchen renovation investment by comparing the cost of improvements to the resulting increase in property value or rental income, typically expressed as a percentage.
Kitchen Remodel
A kitchen remodel is the renovation of a property's kitchen—cabinets, countertops, appliances, flooring, and fixtures—to improve function, aesthetics, and rent or resale value.
Kitchen Renovation
A kitchen renovation is the process of updating or replacing components in a kitchen — cabinets, countertops, appliances, flooring, lighting, or layout — to improve function, appearance, and market value.