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Income/Expense IQ

For more than 50 years, IREM® has provided you with comprehensive income and expense data and detailed analysis on several property types.

Meet Income/Expense IQ -- a digital upgrade making the process of submitting your data easier than ever, and home to comprehensive benchmarking data accessible after the submissions period closes. As part of this transformation, IREM has partnered with Lobby CRE to provide a simplified experience and comprehensive benchmarking data. Easily and securely submit your reports through this digital platform to compare the performance of your properties, visualize opportunities inside your portfolio, and identify what needs your attention from one interactive dashboard.

Dashboards and data will include reporting on the following property types:

  • Conventional apartments
  • Office buildings
  • Industrial buildings

The data submissions period is now open! Review the steps below to submit your 2020 data by June 1, 2021.

Click here for Frequently Asked Questions around the new platform.

Top benefits of the digital platform

  1. Easier to submit data – no further need to create manual spreadsheets and email data. Auto schedule reports from your property management software (PMS) to automatically upload to the platform. The platform is compatible with PMS technology from IREM Industry Partners AppFolio, Yardi, and Rent Manager.
  2. All your data in one view – by uploading your data you’ll have access to some of the features in Lobby CRE and can leverage the platform to analyze your own data (while you wait for the benchmarking dashboards)
  3. More security – the Lobby CRE platform uses the top encryption methods so you know your data will be safe when you share it. And your data will always be anonymous when included in the final benchmarks.

How to submit your data

Step 1: Getting started takes just a few minutes. Once you register, follow the tutorials to enter your properties and get your data submitted. The Lobby CRE platform is secure and safe for you to use, featuring top encryption methods. Have data for more than 20 properties to submit? Learn about high-volume submissions. Note that you’ll need to create an account in the new system. Legacy data won’t be carried over.

Step 2: Submit your reports following the guidance within the platform. We’ll show you how to set up your account, add your property information, and submit your income/expense statements. All data you put into the Lobby CRE platform is yours and only yours. You still decide what information to submit.

Step 3: After submissions close on June 1, 2021, Lobby CRE’s team of data experts clean and prepare benchmarking data that will be available later this year. When the benchmarking data is available, you will receive an email from us.

Your data is always anonymous – data included in the benchmarking analysis later in the year will not indicate where it came from and Lobby CRE’s platform is fully encrypted so your data is safe. You’ll always have access to your own data.

Have questions? The Lobby CRE team is available to help along the way with any questions. Simply reach out to support@lobbycre.com.

Submit your data

High-volume submissions

If your organization plans to submit data on 20 or more buildings, we would like to offer you support to onboard into the new system by connecting you with the Lobby CRE team. Please contact us directly at: incomeexpense@irem.org.Our partners at Lobby CRE will then reach out to you directly to initiate your onboarding.

About Lobby CRE

Lobby CRE helps real estate firms transform their portfolio with intelligent data and portfolio management. Have access to all of your data sources and automated reporting of performance across all of your properties with one platform. With Lobby CRE, you’ll easily be able to answer, “What is happening in my portfolio? Why is it happening? How should I take action?” with just a few clicks.

Income/Expense Analysis: Conventional Apartment (2019)

This comprehensive, fully updated study contains detailed analysis of financial operations for multi-family properties across the United States. Summarized by building type, the income and expense data for each sample is presented in dollars per square foot of rentable area and as percentage of gross possible income.

This product is an interactive PDF of the entire book with embedded Excel files to plug in your own data.

More information

Income/Expense Analysis: Federally Assisted Apartments (2019)

Gain insights into the special niche of managing federally assisted properties. The data enables owners and managers of apartment buildings that receive subsidies under one of the following federal programs: HUD sections 202, 221(d)3, 236, Section 8 and Rural Development section 515, the ability to accurately compare the performance of their portfolio properties against the data. This report summarizes the operating experiences of apartment buildings from across the United States.

More information

Income/Expense Analysis: Office Buildings (2019)

Preparing an operation budget for a building in your portfolio? This report contains detailed analyses of office building operating revenues and expenses for major metropolitan areas and regions in United States. The income and expense data is presented in dollars per square foot for over fifty specific categories, broken out by building size, building height, and building rental range.

More information

Income/Expense Analysis: Shopping Centers (2019)

Obtain answers needed for appraisals, operating comparisons, feasibility studies, loan requests, preparation and evaluation of acquisition, and sale proposals. This annual research report includes a chart of accounts that provides nearly 100 line items and over forty expense items. Special reports include Leasing Fees, Expansion, Tenant Turnover, Type of Ownership and Gross Sales Analysis.

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Expense Analysis: Condominiums, Cooperatives, and Planned Unit Developments (2019)

Obtain answers needed for appraisals, operating comparisons, feasibility studies, loan requests, preparation and evaluation of acquisition, and sale proposals. This annual research report includes a chart of accounts that provides nearly 100 line items and over forty expense items. Special reports include Leasing Fees, Expansion, Tenant Turnover, Type of Ownership and Gross Sales Analysis.

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Real Estate Income/Expense Analysis National Summary (eBook)

Obtain answers needed for appraisals, operating comparisons, feasibility studies, loan requests, preparation and evaluation of acquisition, and sale proposals. This annual research report includes a chart of accounts that provides nearly 100 line items and over forty expense items. Special reports include Leasing Fees, Expansion, Tenant Turnover, Type of Ownership and Gross Sales Analysis.

More information

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