The Property Gauge is the new standard in real-time multifamily rental market data. The property assessment tools provide great insight into property management operations and their effect on rental income.
Albany, NY (PRWEB) March 20, 2013
The Property Gauge™, a real estate research and analysis company in Albany, NY, that specializes in providing accurate and reliable information on the multifamily sector of real estate announced the launch of its new website this week, http://www.thepropertygauge.com.
What makes the new website so unique in the industry is that it offers property evaluation tools and reports as well as data for property owners, managers, appraisers and investors in the multifamily market that will help them assess their properties in relation to others in their geographic areas. Jesse Holland, President of The Property Gauge, stated, “These tools are unlike anything available in the real estate market today and no other multifamily real estate website has the type of comprehensive reports that The Property Gauge offers.”
The Property Gauge™ approach will help owners, managers and investors establish short term and long term goals and the results delivered from the evaluation reports will act as a benchmark for each property. Someone using the tools will be able to assess the many factors that impact revenue and then determine the next steps to increase property value as well as increase rental income and lower vacancies.
Charles (Chuck) Cronin, Principal of Axiom Capital (http://www.axiom-capital.com) headquartered in Albany, NY, remarked, “The Property Gauge is the new standard in real-time multifamily rental market data. Their property assessment tools provide great insight into property management operations and their effect on rental income.”
Property Report Card — this FREE tool is a snapshot that will give a quick overview of a multifamily property
and “grade” the four main areas that tenants use in deciding whether or not to rent an apartment in a particular property. Once completed and submitted the Report Card will advise in which Property Gauge Zone the property falls — Improvement Zone, Opportunity Zone or Danger Zone — and explain what that means for the future of the property.
Property Assessment Report— the most unique tool on the site, this comprehensive 100+ questionnaire will help the user evaluate a property and forecast the property’s ability to maintain viability under the current market conditions in a specific geographic area. This self-assessment tool also includes a detailed one-hour phone consultation and evaluation with a principal of The Property Gauge who will, based on the answers to the Property Assessment Report, discuss what needs to be done to bring a property up to its highest value and keep it there over time. The Property Assessment Report application is designed for use on mobile devices and tablets to make the assessment easier and more convenient.
Market Analysis Subscription — to complete the property analysis “Tool Kit”, The Property Gauge has a unique Market Analysis Subscription for users that need access to detailed information on multiple properties throughout the year for management and investment purposes. This comprehensive subscription currently has data on over 70,000 properties in all 50 states and is invaluable for setting rental pricing for properties in a specific geographic location.
With the economy and housing on an upswing, and strong growth anticipated in multifamily properties in the coming years, property owners will surely want to maintain their return on investment especially as the operational costs of business (i.e. taxes, insurance, and maintenance) continue to rise. The best way to do that is to be absolutely sure the properties they own and manage are bringing in the highest possible revenue.
Sunrise Management & Consulting, the parent company of The Property Gauge™ headquartered in Albany, NY, has been providing market research to the multifamily industry since 2001. The data is being updated on a quarterly basis utilizing proprietary software. The software includes a reporting package and scoring system, which together creates The Property Gauge™. Sunrise Management & Consulting AMO is an innovative third party property management company providing property management services, market research, and consulting to property owners, investors and homeowner associations throughout the Northeastern United States.