Market Comps (CRA)
- Go to LEASING on the tree view in the M1 Software
- Click on RENTAL ANALYSIS
- To create a new CRA, click on NEW (to locate an existing, enter in the name or date of the CRA you are looking for; if you are not sure, click SEARCH and all will appear)
- Enter the street name and click SEARCH
- Select the PROPERTY from the Comparable Properties drop down and click the ADD button under the subject property and all of the information for this property will populate
- Go back up to the original search area and enter in the search criteria that you wish to get the closest comparable as possible
- Once the Search has been done, select the PROPERTIES one at time from the Comparable Properties drop down and click the ADD button under the Comparable 1 and then go back to the Comparable Properties drop down and click the 2nd property and click the ADD button under Comparable 2 and so on.
Note: If you wish to change your properties that you’ve chosen as comparables you may do so by choosing from the Comparable Properties drop down and re-click the ADD button under the comparable section and it will change the property out. You have the option to make manual market adjustments, etc. if needed.