New features include Instant Rent Roll and T-12 Analysis, Daily Leasing Activity Tracking, and Interactive Market Insights

(April 16, 2018) CHICAGO – Enodo, an automated underwriting platform for multifamily real estate, announces new features to its existing product suite. The software-as-a-service (SaaS) platform has added features that will help multifamily professionals be more efficient with the ability to instantly upload and analyze rent rolls as well as help developers model ground-up scenarios with deeper market insights surrounding development potential.

"This is just one more step in our mission to automate the multifamily underwriting process" said Enodo CEO, Marc Rutzen.

 New Enodo Features:

  •  Instantly upload and analyze rent rolls - Upload and convert Excel or PDF rent rolls into detailed floor plans. The platform supports Yardi, RealPage, and Rent Manager exports.
  •  Instantly upload and analyze T-12 operating statements - Upload any T-12 operating statement and instantly process and categorize each line item. This helps users facilitate an “apples-to-apples” comparison of their operating expenses to market benchmarks.
  •  Detailed floor plan modeling – Test development scenarios with detailed floor plan modelling functionality. The feature release introduces a new “Unit Type” tab that includes market rent, in-place rent, and Enodo Rent for each floor plan based on square footage and unit finishes.
  •  Increased daily leasing activity – Enodo now receives daily leasing activity and pricing updates from 37,659 multifamily properties nationwide, and growing. Users can subscribe to a property to receive weekly updates on leasing activity.

 

“These new features, coupled with the existing platform functionality, help our users have the information they need to make better, more informed multifamily investment decisions,” said Thomas Delaney, COO of Enodo.

Enodo launched its subscription platform in January of this year after months in beta. Notable users of the platform include Lennar’s LMC, Edward Rose & Sons, Dinerstein Companies, Waterton, Laramar, and Atlas Residential. The predictive analytics and machine learning platform also won the Multifamily Technology and Entrepreneurship Startup Showcase Competition in San Francisco.

“The Enodo team is just getting started. Our ultimate goal is to fully underwrite a property in a matter of seconds,” said Rutzen. “We're going to increase the number of deals an analyst can do, not buy 10x but by 100x.”

About Enodo: Enodo is an automated multifamily underwriting platform that helps users analyze opportunities faster and make better investment decisions backed by data science. Utilizing machine learning, the platform collects, cleans and analyzes real-time multifamily rent and unit availability data from over two million properties nationwide.Enodo’s core features allow users to calculate optimal rent, identify statistically relevant comps, and test value-add strategies. Learn more at www.enodoinc.com.