What is Income/Expense IQ?
The National Apartment Association (NAA) in partnership with the Institute of Real Estate Management (IREM) launched a new income and expenses analysis experience, Income/Expense IQ (I/E IQ). Income/Expense IQ provides digitally upgraded property income and expense benchmarks—giving you actionable insights and identifying opportunities to operate efficiently and drive your property values.
Compare the performance of your properties in real-time, collaborate with your team, and filter data through our online, interactive dashboard. Benchmarks reflecting 2021 financial data are now available. Data was collected from over 6,400 conventional apartment properties in more than 80 markets.
Property data you need - how you need it
I/E IQ provides you with a dashboard to access benchmark data. Users can even download financial comparison benchmarks into Microsoft® Excel which includes:
- Total Income: Gross rents, loss/gain to lease, gross potential rent, rent adjustments, net effective rent, other income, and other important revenue inputs
- Total Operating Expenses: Operating expenses, management fees, leasing expenses, repairs and maintenance, utilities, taxes and insurance, and other important expense inputs
- Net Operating Income (NOI)
Benchmarks are available for purchase within the portal by metro area.
- One metro area: $49
- Five metro areas: $199
- Ten metro areas: $349
- All metro areas: $499
How do I access or purchase benchmarks?
If you're a I/E IQ data submitter, access your complimentary benchmark. Your free benchmark product includes access to all metro areas for one asset class
To purchase benchmarks, set up your account. The platform will then guide you through accessing and using the benchmarks. The Lobby CRE team is available to help you get started. Simply reach out to [email protected].
If you already have an account, click here to access and purchase benchmarks.
About Lobby CRE
Lobby CRE helps real estate firms transform their portfolio with intelligent data and portfolio management. Have access to all your data sources and automated reporting of performance across all your properties with one platform. With Lobby CRE, you’ll easily be able to answer, “What is happening in my portfolio? Why is it happening? How should I take action?” with just a few clicks.
Frequently Asked Questions
If you’re looking for more information about creating an account, accessing benchmarks, company, submitting data or navigating the platform please read our FAQ document.
Please contact Leah Cuffy if you need further information.