February 2024 HelloData Platform Updates

Published by
Marc Rutzen
February 1, 2024
February 2024 HelloData Platform Updates

HelloData now tracks over 25M units (2.3M properties) nationwide every day, serving up rent comps, expense benchmarks and market-driven pricing recommendations in every U.S. market. If you're interested in pulling that data into your BI dashboards, you can learn more about our data here.

On that note, check out some of HelloData's newest features below!

New Feature: Weekly Market Activity

Check out the demo video to see it in action

HelloData - Weekly Market Activity Panel

We recently made some major improvements to our user interface, including separating the major report sections into tabs, improving the navigation, and making filters work at the report level.

As part of these updates, we added a new "Weekly Market Activity" section that shows which units were listed and which listings were removed each week across your selected comp set.

If you click the bars in the chart, you can see the specific units that were listed or leased each week. If you click the clock icon next to any rent figure in the table, you can see the entire price history for that specific unit. We've already received a ton of positive feedback on this feature and will continue to improve it over time.

New Feature: Custom Rent Comp Settings

Customize your settings to find the best comps in any market

Customize Comp Settings

Many of our clients have been asking for a way to set limits on the radius, number of units and year built on our automated rent comp suggestions. Now they can!

Along with our interface updates, we included a new settings panel where users can tailor their comp recommendations. This includes the functionality to find value-add comps too - identifying properties that are above the subject in terms of quality and amenities. Try it on your next deal and let us know what you think!

Property managers, investors, brokers and appraisers all use HelloData to analyze multifamily comps, optimize rents, and increase deal flow.

Marc Rutzen

Marc worked in real estate for 5 years before launching multifamily analytics startup Enodo, which he sold to Walker & Dunlop (NYSE: WD) in 2019. At W&D, he served as Chief Product Officer, developing products that helped source billions in loan volume. Outside of work, he enjoys reading, running, and spending time with family.

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