How-to Guide: Filling Out the New Lease Trade-Out Driver in your Budget Dashboard | Scribe

    How-to Guide: Filling Out the New Lease Trade-Out Driver in your Budget Dashboard

    • Laurie Trudeau |
    • 34 steps |
    • 3 minutes
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    FP&A recommends using the New Lease Trade-Out Calculator in your property budget workbook to fill out the "New Lease Trade-Out %" driver in Adaptive.
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    Navigate to [https://login.adaptiveinsights.com/app?&msgKey=session-expired](https://login.adaptiveinsights.com/app?&msgKey=session-expired)
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    Start with expanding the Rental Income Drivers in your Budget Dashboard
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    Click here
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    Expand the "Rent Growth, Collections, and MTM Drivers"
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    Click here
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    Locate the trade-out % drivers you'd like to update
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    Click here
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    Now, in order to estimate what the new lease trade-out driver should be, find your property budget workbook in the 2025 Budgeting Tracker:
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    Click here
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    Click here
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    Click here
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    Double-click here
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    Find the Trade-Out Calculator tab in your property workbook
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    Click here
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    Adjust the months where you expect to see either increases or decreases in your property pricing. For example, if you expect to see a $25 increase on average (across your unit types) in December-2024 when occupancy improves, input $25 in the cell highlighted below.\ \ ApartmentIQ and CoStar projections may be helpful to know how much your rents should increase or decrease. Ask FP&A and your Regional Manager for support - projecting price changes can be complex!
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    Click here
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    Your price chances will update the calculated trade-outs below:
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    Click here
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    When you're ready, select the calculated new lease trade-outs % and copy them (CTL + C) so you can paste them in Adaptive.