NEW YORK CITY—Multifamily analytics platform ResiModel has introduced a new product, GlobeSt.com has learned exclusively. Known as ResiModel Rent Roll Capture, the new capability will enable ResiModel users to more efficiently capitalize on Yardi rent roll information by converting the data to a usable format in under a minute, the company says.

“ResiModel was created to reduce the time that multifamily brokers and investors need to spend on non-value-add work,” says Elliot Vermes, CEO of ResiModel. It analyzes analyzes data, such as one-time and recurring concessions, supplemental rent, and other income, “that most people simply do not capture today,”  he adds.

Users can upload PDF or Excel Yardi rent rolls within seconds, according to New York City-based ResiModel. The capability's data extraction pulls out detail that ranges from basic information such as unit type, occupancy status and lease expiration date, to more granular items such as lease charge codes and future lease information. “We anticipate expanding the capability to process rent rolls from other property management systems in the coming months,” Vermes says.

Since launching in 2013, ResiModel has amassed a customer base comprised of deal teams at many of the industry's leading brokerage firms, including Cushman & Wakefield, JLL, ARA, Colliers, Marcus & Millichap and Moran & Co. along with multifamily investors including Alliance Residential Co., Carmel Partners and the Milestone Group. To date, 4,375 multifamily transactions have been entered into the platform.