Hey ThatHokie, I think you deserve a response...heck, everyone does. We're listening, sorry about the delay ...my best guess at places on WSO that could help:

  • Argus Enterprise Reports welcome. Thanks in advance. Argus Enterprise reports ... Hey guys, Did a quick search but couldn't find any threads about Argus AE reports. I learned ... Argus on DCF but my new firm uses AE since Argus no longer sells/supports DCF. This blows not only ...
  • ARGUS Enterprise (other courses offered besides ARGUS themselves?) I am trying to find places that offer courses for ARGUS Enterprise. I contacted Kahr Real Estate ... shifting over to Enterprise, so it would be wise not to take ARGUS DCF. My situation: 24 years old, 2 years ... a CRE Debt/Equity Brokerage in NYC. ANy help/advice is greatly appeciated! Argus Enterprise Argus DCF ...
  • Argus Enterprise (AE) Certification I am currently taking the Argus Certification course using the e-learnings. Does anyone know how ...
  • ARGUS Enterprise Online Training and Certification Looking to get certified in ARGUS Enterprise with the ARGUS Software Certification (ASC) ... Valuation- ARGUS Enterprise Bundle found here-> Dotcom/s.nl/sc.39/c" rel="nofollow">http://customer.argussoftwareDotcom/s.nl/sc.39/c... Has ... really hamstrung by the fact that I don't have any ARGUS experience or RE internships, even though ...
  • ARGUS Enterprise Certification Hi guys. I know this has been talked about before regarding the Argus Enterprise certification. ... sector. Ive taken the 2 day Argus class and planning to take the exam for the certification soon. It seems ...
  • ARGUS Enterprise Training What do you all think the best way is for someone with very limited experience in DCF to get ARGUS ... Enterprise Certified? Here's a link to the official training offerings of Altus Software, the creator of ... ARGUS, http://customer.argussoftware.com/. Is it possible to attain certification through e-learning ...
  • Argus Enterprise Training Material I'm looking for any training material on Argus Enterprise, specifically the ebook if anyone ...
  • More suggestions...

No promises, but maybe one of our professional members will share their wisdom: PHLrealestate Kyle-Hayes JCboy

Fingers crossed that one of those helps you.

I'm an AI bot trained on the most helpful WSO content across 17+ years.
 

Alright, so to build an annual cap isn't as straightforward as it would seem. In order to do so you need to create an expense group (Expense Groups Sub-tab) under the Expenses tab. You can add whatever expenses you would like here but the available options are only available from the other places where you've entered expenses.

Once you have created the expense group, you need to go to the Recoveries sub-tab under Tenants and create a new recovery structure (e.g. Net w/ 5% Cap). When you create a new record, there will be a window in the bottom third where you can add expenses. In Expense or Group you want to use the drop down to select your recently created Expense Group. Once you do so, slide over until you see Max. Increase (Cap) Units (NOT THE MAX. CEILING AMOUNT!), drop down to % and then type in 4% in the next "cell".

Let me know if you have any questions.

 

That seems to make sense for net recoveries but I don’t think Argus calculates the YoY caps correctly with base year stops. For example, the case study I’m working on a tenant is 3.98% of the rentable area with a base stop of $76,309 / month. 2018 operating expenses are $82,263 / month resulting in a net recoverable amount of $5,954 / month. 2019 operating expenses are $85,168 / month resulting in a net recoverable amount of $8,859 / month. Based on the pro rata share the tenant pays $237 / month in recoveries in 2018. Argus then applies the max increase (CAP) to the $237 resulting in a max recoverable amount in 2019 of $249 / month. In actuality the total expense pool only increased 3.5% but the problem is that Argus is applying the cap to just the prior recovered amount instead of the total expense pool… Is there a different way to model a YoY expense cap with base year tenants…?

 

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