See how over 12,000 multifamily professionals save 4+ hours per week on market surveys with HelloData.
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The Weekly Market Activity tool let's you see new leases at your comps broken out by floorplan type and week. Click the bars to drill down into specific units and properties.
Create your own unit mix and select custom amenities for a new development to see current rent comps, or ask AI to suggest a unit mix for you based on a location and size.
Get sense of a property's expense profile to see if it's a good fit before you commit your acquisitions team to a full due diligence and underwriting exercise.
Vet more deals with access to year one underwriting based on a property's actual rent data as well as public multifamily expense data.
Multifamily operators, developers and acquisitions teams use HelloData to improve operations and deal flow. Appraisers, brokers and lenders use it to automate their underwriting.
Finish your real estate analysis without stitching together data or calling comps to validate accuracy. Your market surveys update automatically every 24-hours so you always have accurate data.
At Luxury Living, HelloData is being used in so many different ways, from generating property-specific comp reports and reporting on submarket leasing activity, to pricing current and future multifamily developments.
Other areas within the platform also help, including the newly added leased and exposure percentages, which allow us to see the current state of any property at a glance. This has already come in handy while on developer calls. And finally, I have been using the Weekly Market Activity feature a lot. Needless to say, this page is always open.
Property managers save 4+ hours a week on market surveys using HelloData automated market surveys.
Create unlimited market surveys using AI comp recommendations, or create your own comp list with the property search tool.
Get automated market survey updates delivered to the inbox of your team and clients with the email report scheduler.
Unit-level rent and historical concessions data to help you make the right pricing decisions.
Access a complete breakdown of the active and historical concessions in your market, and see which units they apply to.
See the historical prices changes for individual units to understand which price points are driving new leases.
Within days of using HelloData it was clear the tools they’ve developed far exceeded our prior resources/tech products for evaluating rent comps, expense benchmarks, and detailed historical data. And they do so at a fraction of the cost of their competitors, in any market across the United States.
Their platform has been a game changer for our acquisitions team and is better every single time I log into it. Truly phenomenal.
We believe in delivering powerful analytics through intuitive interfaces and easy to integrate APIs. HelloData helps you instantly understand market rents, concessions, and operating expenses for any property, in any market, with only an address.
We pull data primarily from property website leasing pages (about 55k of them covering about 15M units) and from several listing sites for smaller properties (about 10M units). Our data pipeline prioritizes data from property websites, but if we can't get data direct from the property websites, we capture data from listing sites as a backup.
Highly accurate data, granularity (including full unit-level price history for every property) and frequency of updates (every day). Our rent comp recommendations are the best in the multifamily industry, overlapping with appraiser rent comp selections 9 out of 10 times.
In addition, we have one of the most intuitive user interfaces in multifamily PropTech, and the platform is incredibly fast... it takes less than 1 minute to generate a full rent survey and expense benchmarks.
The HelloData team is also very responsive and easy to work with. The onboarding process takes about 5 minutes, and we provide in-depth training with as many demos as you need to become familiar with the platform.
Perhaps the biggest benefit though is that we do all of this with only publicly available data - meaning there is no anti-trust risk when you use our platform.
HelloData captures data from the specials banners on property websites and use AI to extract information about concessions like free months, one-time discounts, or recurring dollars off.
We then amortize the concessions over the lease term to calculate the effective rent. If a concession is listed as a one-time concession on the specials banner, we'll amortize it across the life of the lease, assuming a 12 month lease term unless a different term is specified. If the special indicates it only applies to a 14-month lease, we'll assume a 14-month lease was the chosen term and amortize it over that timeframe.
Yes, we conduct as many demos and onboarding calls as needed to make sure your team is successful with the platform.
We also provide recorded demos and include a walkthrough of the platform when you first log in.
In addition, there is a "Support and Feedback" button in the lower left corner of the interface where you can reach us any time with questions. Don't hesitate to reach out!
I was surprised when it picked up a lease being signed in real-time. As our team would analyze an asset, our rent rolls often became obsolete. HelloData lets us track leasing in real-time, not just on our asset but also on the comps.
This gave us great precision in targeting our value in real-time, whereas our usual third-party sources needed to catch up in capturing those trends.
Schedule a demo to see our multifamily analytics platform in action.