Has anyone in the multifamily space used a data analytics software called redIQ?
Looking to see if it's worth signing up. Thanks.
[{"id": "dozkrwx", "text": "I'd like to hear others thoughts on it too!", "replies": [{"id": "dozkw0f", "text": "Took a demo, seems like a no brainier, but also possibly too good to be true. Gonna be on a trial so if anyone else wants feed back from my experience lmk", "replies": [{"id": "dozpq3m", "text": "Interested ", "replies": [{"id": "dozt7wj", "text": "Better than Axio?", "replies": [{"id": "dp089me", "text": "I'm not familiar with Axio tbh", "replies": [{"id": "dp09sgg", "text": "Don't know the premise behind redIQ, but AxioMetrics is a MF data analytics site that is pretty slick. Some colleagues from my group did a demo and said that it connects straight to Yardi for a lot MF asset managers and thus has great up-to-date information.", "replies": [], "depth": 6}], "depth": 5}], "depth": 4}], "depth": 3}, {"id": "dozxgcy", "text": "Yes please! I've done a demo with CoStar. Seems like an awesome tool but it's pricey. It would be worth it though if you plan on making some high dollar transactions. I wonder if this is a similar service?", "replies": [{"id": "dp08fwq", "text": "So I will be starting my trial on Monday (so I haven't actually used the software yet. Ive used costar before and from what I saw from resIQ so far is that its a completely different product. It's for MF properties and it uploads the rent rolls or T12s and performs an initial screening in like 5 minutes and a full underwriting in under 10.  I'll keep the feed updated after Monday.", "replies": [], "depth": 4}], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "dozwcia", "text": "Yes, where and how would you be using it?", "replies": [], "depth": 1}, {"id": "dp94x9d", "text": "I've used redIQ (formally resi model) for a few months now, and I like it for the most part but it's not as seamless as they make it appear. They sell it as being smart and automated but it still takes a lot of manual input, especially on the income/expense side. The rent roll reader/analyzer does not work with all formats - I would say 6/10 times it works, nothing from a mom and pop operation will ever work. They do provide a template that will easily be accepted and if you request them to upload it it rarely takes less than a half day. The RR analysis dashboard is nice.\n\n The model is pretty good, but I know a lot of people who just use their front end and use their own, or at least tweak theirs. Occasional I'll have mapping issues with the income/expense actuals being loaded into the model.", "replies": [], "depth": 1}, {"id": "dpp4j66", "text": "We use it. Very helpful but a little pricey", "replies": [], "depth": 1}]