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Income/Expense Analysis Reports FAQ's

IE Your Data Makes a Difference

 
 

Frequently Asked Questions
How do I submit?
Do I have to be an IREM member to submit?
Why should I submit? What’s in it for me?
Will my name or address be published?
How long must my property have been operating to submit?
Is there a minimum threshold for building size?
What documents are helpful to have on hand?
How long will this take?
Do I need to complete this all at once?
What if I already submitted to BOMA’s EER?

How do I submit?
Login to our submission site at http://ie.irem.org/contributor/. If it’s your first time submitting, you’ll need to register for an account. 

Do I have to be an IREM member to submit?
No! Anyone who manages property is welcome to submit.

Why should I submit? What’s in it for me?  
Besides supporting the Income/Expense program, submit your 2018 data by April 1st, and you’ll receive a personalized building report tailored to your property - plus a free 2019 Income/Expense Report for the property type you submitted!

Will my name or address be published?
No. All data is strictly confidential and no names or addresses are ever published. Data is presented as aggregated data.

How long must my property have been operating to submit?
Property must have been in operation for at least 12 months to be eligible to submit

Is there a minimum threshold for building size?
IREM accepts data for residential properties of 12 units or more, office properties of 5,000 sq. feet or more, and retail/shopping properties of 20,000 sq. feet or more.

What documents are helpful to have on hand?
Helpful documents include:

  • 2018 year-end Financial Statements
  • Utility Bills
  • Tax Information
  • Your Chart of Accounts
  • Building Lease for Building Demographics, age, square footage, etc

How long will this take?
Only about 15-20 minutes if you have your documentation handy!

Do I need to complete this all at once?
No, you can save your data and come back at any time.

What if I already submitted to BOMA’s EER?
 If you already submitted property information to BOMA, you can forward your pdf print out to incomeexpense@irem.org. Your information will be accepted, and you will be still receive the individual property report and free book.

(Please note: BOMA does not accept IREM reporting, so it’s best to complete the BOMA reporting first, and then forward the pdf to IREM.)

Still got questions? Contact us.

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