Constantly going back and forth between Axio and Costar data for multifamily rent comps when I’m underwriting. The data is so wildly different on the same building between the two I don’t know which to go with.
I guess it comes down to where they source their data from and which one you trust more? What do other people use?
Regardless of where you get the info originally, your analyst or intern needs to cross check it with the actual websites, apartments.com or whatever, and call the property manager. Also, they need to find out if it's a LRO system that automatically adjusts rates or not. If so, you need to start building an average or else it'll be different each time you check.
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