General Variable Naming Argus allows for variables across different sections, i.e., Area Measures and Expense Groups, to be named the same even if the contents of said metrics are different. This provides the opportunity for error across the model as variables can be incorrectly referenced by user(s). Expense Groups Argus allows for expenses to be…
Leasing Commissions-Pro Fee + Free Rent When calculating the Pro Fee, the software takes 1st Month’s NET of free rent; therefore, if a tenant has free rent during the first month of the term, Argus calculates $0 as the Pro Fee. Workaround: Model Free Rent beginning in Month 2 of Term to properly account for…
Base Year Caps Argus cannot calculate an annual cap any differently than a cumulative cap as the “Limits” function for a Percent of Other line item does not have this option. The calculations are always cumulative in Argus. This does NOT apply to net caps built within the reimbursement method. Workaround: NONE. Admin Fee w/…
Naming Conventions User should create habits of utilizing naming conventions that sorting/filtering functionality as well as communicating contents of the applicable variable. Such conventions increasing transparency of the model and ease of use for analysis/future updates. Examples: Reference Accounts While there are many uses for reference accounts, User has to be careful as to make…
My ARGUS Boot Camp Experience (Part 3)Every day we learned new concepts that built on what we had learned earlier in the course. I was impressed with myself when, on day two, I found myself building models without having to use a mouse. Probably my favorite parts of the course were the case studies. ACG…
My ARGUS Boot Camp Experience (Part 2)IMPORTANT NOTE: Prior to taking this course, I had ZERO ARGUS Experience. I knew it was an industry standard in property/portfolio evaluation but I had never had the opportunity to use it. That changed very quickly. Boot Camp was an intense experience. The entire course focused on the practical…
We recently received the following summary of the experience one of the participants had at our Boot Camp and wanted to share it with the rest of the world…. My ARGUS Boot Camp Experience (Part 1)My week-long ARGUS Boot Camp concluded yesterday and I can’t believe how far I’ve come. There were major concerns the…