I'm looking to get a halfway decent introduction to Argus (so that I can at least learn to add valuation inputs like lease terms, operating statement numbers, etc.).
I found this 9-week UCLA Extension course on Argus Enterprise. At ~$850 it's a fair price but not exactly chump change. Does anyone have experience with the course and recommend it?
I plan to take the official Argus course+test at some point to get officially certified. Would anyone recommend just taking their 3-day course and going right into the test? Would that essentially fast-track my learning and get me a cert, all in one go?
Any recommendations on other courses I should look into to learn Argus?
Thanks in advance!
I am offering private Argus Tutorial for several years. DM me if you are interested. The 9-week course seems too much and if you are a frequent Argus user, 10%-20% of Argus function will not be touched. Models will eventually be completed in Excel but Argus is definitely a good modeling tool to set up before debt pro-forma. If you already had a solid understanding of Expense Recoveries, Argus learning will be very easy.
Interesting... When you say Expense Recoveries, you mean CAM expense recoveries, NNN vs. FSG leases, Base Years, etc.? Why do you say learning Argus will be easy if you understand those things?
Yes. First, you need to understand how expense recoveries are calculated. I know its easy on a formula basis. However, when you underwrite a multi-tenant building, not all tenants have the same recovery structure. Expense recoveries could be complicatedly structured especially when it comes to shopping centers. You might have to set up expense groups for each tenant which can be time-consuming in Argus. Imagine you have 100 tenants in the building and each has a different base year.
Agree - recoveries are really the whole reason to have ARGUS but you fundamentally need to understand how they are calculated to use it.
An actual ape could become proficient in Argus, it's simply a matter of figuring out where the buttons are.
You're going to be infinitely better off by spending the time learning the bath behind all the backend calculations that feed into your Argus runs. On top of that, the following are important:
This should keep you busy for awhile.
Did you end up taking the UCLA course, currently debating?
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