Red IQ
Has anyone in multifamily used the Red IQ software to evaluate deals and if so any pros and cons?
[{"id": "f27jyd0", "text": "It makes rent roll and t12 processing very easy and if the files are still in pdf format it will convert them, process them, and give it back to you in an Excel file. Some of the cons are it can take up to a day to day and a half to process some files so if you urgently need something done it's not ideal, it's not a perfect software and has some minor bugs and issues, and this going back to my initial con sometimes you can process files than RedIQ. Overall, I like it a lot and it makes life easier but it's not the end all be all but it might be there in a few years.", "replies": [], "depth": 1}, {"id": "f281tq4", "text": "Rent roll and t12 functionality is great. Make sure you are familiar with the chart of accounts and how it reflects on the proforma model (which is also great)\n\nAlso just know that once you do not renew the subscription you will not have access to your data anymore and they get to keep that data.\n\nOtherwise highly recommend. Background: family office. Over 3,000 units under ownership.", "replies": [{"id": "f28wd61", "text": "What\u2019s your portfolio LTV you piece of bacon", "replies": [{"id": "f292os3", "text": "I should elaborate. I\u2019m not apart of the \u201cfamily\u201d just a cog in the wheel \ud83d\ude02", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "f351cf2", "text": "Any idea on cost per user?", "replies": [], "depth": 1}]