redIQ Delivers Another Year of Innovation

redIQ Delivers Another Year of Innovation

redIQ’s development team strives to deliver features that make multifamily analysis faster and simpler. This year, redIQ has upgraded the platform with new features that empower our users to analyze and underwrite more deals, all with greater speed and accuracy. In case you missed them, we’ve decided to showcase the features our engineers worked hard to deliver, all making deal intake, analysis, and underwriting easier.

QuickSync Powers Secret Sauce Models

Many redIQ clients rely on valuationIQ, redIQ’s proprietary, institutional-grade underwriting model, to complete their deals. For anyone who prefers to stick with their secret sauce model, there’s QuickSync. QuickSync instantaneously populates any Excel-based model with data stored in redIQ. QuickSync reduces human error, facilitates an easier workflow, makes version control painless, and much more. These time-savings allow multifamily professionals to focus on deal sourcing, producing in-depth analysis, and closing more deals.

QuickVal Generates Customizable Initial Screenings

QuickVal gives users the ability to perform an initial screening of a deal based on data extracted from rent rolls and operating statements, along with a user’s assumptions, such as cap-rate sensitivity, income growth rate, and more. QuickVal offers multiple valuation methods, allowing for a clear look into a property’s potential worth. After these inputs, QuickVal takes over and provides an initial, but robust, underwriting of a property, allowing a user to make a quick decision as to whether the deal warrants comprehensive review.

Preset Assumptions Keep Everyone on the Same Page

Preset Assumptions allows clients who rely on valuationIQ to create standardized assumption templates for different deal types. After saving a set of assumptions, all users on an account may apply it whenever they generate a model. Teams that have a broad range of assumptions can store as many sets as they need. With Preset Assumptions, users can save time, lower the possibility of human error, and eliminate the tedium of assumption input going forward.

Quickly Process Mixed-Use Rent Rolls

Multifamily investors and brokers in dense or urban areas often evaluate rent rolls with commercial units.  Anyone evaluating a fair number of mixed-use properties can now easily manage rent rolls that include commercial units. During the initial upload, units are identified as Residential, Retail, Office, Self-Storage, Industrial, Hotel, or Other. During the final upload, users can include or exclude those commercial units, depending on the deal. This ability brings efficiency, speed, and simplicity to the analysis and underwriting of mixed-use properties.

Request A Demo

To see these features and the rest of the redIQ platform in action, schedule a demo today.

About redIQ

Since 2012, redIQ has led in the multifamily analytics and underwriting software space. Six of the top ten acquisitions teams and eight of the top ten brokerages rely on redIQ daily, and more than 30% of all multifamily transactions pass through the platform each year. Our platform allows CRE professionals to extract and standardize data from rent rolls and operating statements instantaneously, gain deep insights into every property, and generate a comprehensive underwriting, whether with our model or their own. Our robust set of features includes floor plan summaries, cash flow analysis, data-driven, hyperlocal comp sets, easy deal sharing, preset assumptions underwriting templates, and more. redIQ will always provide our users with better insights and faster underwriting, empowering them to make smarter investment decisions.   

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