Benchmark gives your multifamily teams the tools needed to understand how your property and portfolio is performing. Centralized data collection tools make it easy to gather your comp’s survey data so you can spend more time evaluating data and less time collecting it.

We make implementation easy – the only information you need to get your property and/or portfolio started are two reports:

• Property Management Software Report – This report is pulled directly from your property management software, ensuring the highest level of data validation when completing property set up. One of the following reports will fulfill this requirement:

     1. Box Score Summary

     2. Market Rent Schedule

     3. Unit Statistics Report

• Market Survey with a Floor Plan Breakdown – Every property in Benchmark, including comparable properties, are built at the floorplan level. This allows for true apples-to-apples property comparisons. The Floorplan Breakdown should include:

     1. Floor Plan Type (Bed/Bath Count)

     2. Unit Mix (Units per floor plan)

     3. Square Footage (per floor plan)

     4. 12-Month Rent (per floorplan)

• What is the easiest way to acquire my Floor Plan Breakdown?
     We’ve found property managers typically have the best relationship with their comps and are often willing to exchange their unit mix details or Property Management Software Report for your own.

Yes! We offer PMS integrations directly into our platform that allow for more seamless collection of data at the property level. Today we work with Yardi, Entrata, OneSite and Resman. If you use one of these PMS and are not currently integrated, please reach out to support@radix.com for more information on how to get setup.

Each property can have a minimum of 4 and a maximum of 15 comparable properties

You have the ability to select your own comps at any time within our system. During the onboarding process, if you do not provide comps for your property, they will be selected for you. Comps are recommended based off a variety of metrics including:

• Net Effective Rent
• Year Built
• Construction Type
• Location within a 15-mile radius

Please note, recommendations are provided based on the properties that currently exist in Benchmark and may be limited due to establishment within in a particular MSA.

We’ve made it easy to identify when a property’s survey has been updated with the following color-coded clock icons.

• A green clock means the property’s survey has been updated in the last 7 days
• An orange clock means the property’s survey has been updated within the past 8 – 14 days.
• A red clock means the property’s survey has been updated in 15+ days.

Both your property and comp surveys should be updated once a week for your market survey. Benchmark drastically reduces the time needed for these updates. Our shared ecosystem means you can capitalize on the millions of units that are updated in our platform via PMS integration and/or direct inputs from the property’s onsite team.

Our platform automatically pulls in information from your PMS each night. To update their property survey, integrated properties simply need to add any offered concessions and notes about their weekly update before saving their property survey.

A Shared Comp is a property that you and other Benchmark users both view as a comparable property. In Radix’ shared ecosystem only one of every property can exist. Therefore, if someone updates a shared comp, it has been updated for everyone. This is one of the many ways in which our platform saves time and streamlines the market survey process.

If your comp is a subscribed Benchmark user that has not updated their property survey in 15 days, their survey will become unlocked. Once unlocked, it can only be updated by another subscribed Benchmark user. You know your property best, and your comps know theirs best. This is why a property is given 14 days to update their survey before allowing others to do it for them.

• How do I prevent my property’s survey from becoming unlocked?
    1.To keep your property survey locked, simply update your property survey each week.