Rent-up from Project Opening
The easiest way to input rent-up assumptions is to use AVI[29]
as vacancy at opening and AVI[28] as the number of months
required to reach "normal" vacancy.
Sometimes it is desired to input the first several periods of
a projection as specific amounts. This might be desired where
income and expense have been carefully estimated in project
budgets, or where they are contractually fixed. In this case,
the input array RU can be used to force into the model the
desired data. RU is a two row matrix. The first row is used
to define rental income for as many periods as RU is columns
wide. The second row of RU is used to define operating
expense similarly.
| input | description | help# | importance | frequency |
|---|
| AVI[28] | Mos. after open to realize expected income | 337 | | 4 |
| AVI[29] | Vacancy at opening as a decimal of total $ | 337 | | 4 |
| OM[;8] | Oper. budget: Basis code if item is expressed as a rate | 337 | | 1 |
| AVI[52] | Utilities, R.E.taxes, insurance as % of oper.expense | 337 | | |
| RU[1;] | Rent-up schedule: Income | 337 | | |
| RU[2;] | Rent-up schedule: Expense | 337 | | |
