If applicable, it also gives you the opportunity to update language regarding utility reimbursement methodology in the lease.

We subscribe to a market research platform called Yardi which only provides information on multifamily properties 50 units and larger so if you are invested in a property that is 50 units or more, I would happy to provide quick "back of the napkin" valuation and methodology.

And, doing it with an engineering-based study (IRS' preferred methodology) with audit defense included, is going to be even more important.

Internally it’s useful because I know how I underwrite each market and the methodology is constant.But if you’re using it as a general guide across markets, I second the CBRE report as probably the best publicly available source.

I'm looking at income and credit history to determine the risk of tenant defaulting or nonpayment, based on financial agility (DTI, ITR ratio, savings) and health (on-time payments, credit usage).