redIQ Introduces Support for Single-Family Rental Deals
redIQ Introduces Support for Single-Family Rental Deals
redIQ has released support for single-site, single-family rental (SFR) deals in dataIQ! This update represents a first-of-its-kind expansion of redIQ’s capabilities to cover a new asset class. In addition, the update adds a field allowing users to mark assets as multifamily or as single-family rentals. Consistently marking each deal with the correct asset type will improve the accuracy (and value) of user data and features like redIQ’s comps.
Single-family rental assets are groups of single-family homes rented out to tenants. This asset class has seen a surge in interest from both investors and renters. You can hear more about this surge in interest in an interview redIQ conducted with Berkadia’s Jeff Coles.
redIQ Now Supports Single-Site, Single-Family Deals
redIQ is excited to announce support for single-site, single-family rental assets in redIQ. If you’re a redIQ client and would like to learn more about this functionality, click here or contact your Customer Success Manager. If you’re not a redIQ user, sign up for a demo today to see how redIQ can help you analyze single-family rental deals.
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About redIQ
For over ten years, redIQ has provided a comprehensive and dependable underwriting service for multifamily acquisition teams, brokers, and lenders focused on mid and large-size assets. redIQ’s solutions lead the industry and support the full underwriting process, from standardizing financial documents to producing a final valuation. With our system, analysis takes less time and decision makers can move forward with greater confidence. redIQ users can close more deals, produce better returns, and spend less time worrying about downside.
