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Revolutionary ‘ResiModel Rent Roll Capture’ Unveiled

10/30/2015

Groundbreaking New Service Captures and Extracts Yardi Rent Roll Information, Improving Data Flow for Millions of Multifamily Units

ResiModel, the leading platform for capturing, processing, and analyzing multifamily transactions, today unveiled “ResiModel Rent Roll Capture,” a revolutionary new capability that will drastically improve the efficiency of data flow for multifamily investment professionals across the country.

Developed in-house by ResiModel engineers, the new capability will enable ResiModel users to more efficiently capitalize on Yardi rent roll information by converting the data to a usable format in less than a minute. With the new service, users can upload PDF or Excel Yardi rent rolls within seconds, and apply powerful data visualization and interactive summary reports to instantly understand the deal and identify potential upside opportunity. 

 “ResiModel was created to reduce the time that multifamily brokers and investors need to spend on non-value-add work,” said Elliot Vermes, CEO of ResiModel. “ResiModel Rent Roll Capture, which takes seconds to perform a process that has historically taken an average of one to four hours, is truly a breakthrough. Our powerful new application analyzes data, such as one-time and recurring concessions, supplemental rent, and other income, that most people simply do not capture today.” 

The groundbreaking new process performs sophisticated data extraction, pulling every detail from Yardi rent rolls — from basic information such as unit type, occupancy status and lease expiration date, to more granular items such as lease charge codes and future lease information.

“The introduction of ResiModel Rent Roll Capture is a testament to our industry-leading team of data engineers,” Vermes said. “The complex algorithms they created is capable of fully parsing rent rolls and comprehensively extracting every detail of the valuable data contained in the Yardi reports. We anticipate expanding the capability to process rent rolls from other property management systems in the coming months.”

With its technology rapidly evolving in response to user input, ResiModel is adding new videos to its homepage. These videos, the first of which can already be viewed at www.resimodel.com, explain the platform’s key attributes and will serve to make the ResiModel adoption process even easier.

Since launching, ResiModel has quickly amassed a customer base comprised of deal teams at many of the industry’s top brokerage firms, including CBRE, Jones Lang LaSalle, ARA, Colliers, Marcus & Millichap, Moran & Co. and Cushman & Wakefield, along with a number of premier multifamily investors, such as Alliance Residential Company, Carmel Partners and The Milestone Group. To date, 4,375 multifamily transactions have been entered into the platform.

 

About ResiModel

Launched in 2013, ResiModel was created to revolutionize the way deal information is shared and analyzed for the roughly $250 billion of multifamily transactions completed in the U.S. each year. As the leading platform for evaluating multifamily transactions, ResiModel helps users process, analyze and store all the rent roll and operating data that crosses their desks. Our parent company, ResiModel, Inc., is financially backed by a number of prominent venture capital firms and industry leaders in commercial real estate. For more information, visit ResiModel.com.

 

 

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10/29/2015 - 15:30

Source

redIQ

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