Hey Team! There was a small bug in the 5-Minute Deal Eval. With the TOH Expense Ratio not properly calculating expenses. It was pulling from the Total Rent (POH) Revenue regardless of what you input. Therefore the headline is if you used this in the last week or two:
Your expenses may have been slightly overstated in the Stabilized TOH section BUT your Stabilized Total Rent Section would be correct!
Watch this video to see what the issue was in case yours was affected - just double check!
If you used the below version, please do the following:
- Re-enter your assumptions in a fresh version or
- Send me your intial version so I can see if your model was affected
Building things is an interative process!