Underwriting Rent Increases on Large Multifamily

[Barry Sanders]

When it comes to building your own models how do you underwrite value add rent increases ie: bringing rents up to market at lease renewal/ bringing down units online

It can be done manually when investing on a small scale but once you get into bigger unit counts it seems inefficient to manually enter the rent roll for each month during reposition and even more complex when there is a diverse unit mix

How you do you model this on your large deals with the goal of accuracy and being conservative? do you use average rent of the occupied units, average rent of all units including vacants, manually enter rent roll monthly