Here's an Argus question for y'all - I'm hoping this is a dumb question with an easy fix.
I'm running a 2% General Vacancy assumption on each of 7 properties in an Argus portfolio. I'm not grossing up revenue by absorption & turnover, and I'm reducing the General Vacancy Result by absorption & turnover.
On each property-level cash flow, it's clear how GV is being calculated: it's 2% of PGR unless there is absorption & turnover in that month/year, in which case GV is reduced by that amount.
However, when I run a portfolio-level cash flow (when I select all properties in the portfolio and go to Reports > Cash Flow), this is obviously just the sum of each line item of the property-level cash flows. Because of this, there might still be a GV amount in a year in which there is significant absorption/turnover coming from any of the properties that don't have absorption/turnover (in other words, GV for the portfolio in that year is overstated).
Does anyone know of any settings in Argus to fix how General Vacancy is calculated when running a portfolio-level cash flow?
Thanks all.
Don't know this off the top of my head, and don't have a current Argus license, but I would start by checking modeling policies and see if you can't find it easily there. If not, try calling/chatting support - they're usually pretty helpful.
Update here- chatted with support, and it sounds like this is a pretty common complaint/request. There currently isn't a way to fix how General Vacancy is calculated on a portfolio-level cash flow... so it's back to manually editing it in Excel for now.
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