Archive for the ‘Argus Tips’ Category

Did you know? Argus Tips and Tricks

Did you know that prior to editing any variable, you likely should select the “In Use” button to identify where else in Argus that variable is being applied.  Any changes made in a variable will filter throughout the entire model.  The use of the “In Use” functionality will prevent you from inadvertently changing a variable.

Did you know? Argus Tips and Tricks

Did you know that within the rent roll, Tenants labeled as “Storage” will not factor into the total square footage entered. If you have a property that includes actual Storage space, be sure to select “Office” or “Retail” instead so that the square footage for the space is properly included in your total.  This eliminates the use of 1 Square Foot tenants on your rent roll.

Did you know? Argus Tips and Tricks

Frequently, Suites within an Office building may be re-measured. You can detail the size of the suite by editing the cell and selecting “Detail Size.” For the Rent Roll to balance, you must also remember to detail the size of the property as a whole; select “Edit” and “Detail” for the Property Size under “Property Area Measures.”

Did you know? Argus Tips and Tricks

Did you know that a quick way to create various MLAs that may have variables in common is to use the Copy function and then you change only what is different. For example, you may have two MLAs that are identical other than the Market Rental Rate that they use. To copy an MLA, select “Market Leasing Assumptions” under the “Market” dropdown menu, highlight the MLA you wish to copy, and hit “Ctrl + O” to copy.  Simply change the variables as needed.

Did you know? Argus Tips and Tricks

Did you know that one way to quickly identify Reference Accounts is to label them as “REF.”  For example, “Management Fee REF” could be used for an expense that you want to set up to pass through to a tenant but that is not actually expensed (perhaps the building Management Fee expense is 3% but a lease only allows you to pass through a maximum management fee of 2%).  This comes in handy when building Detailed Reimbursements to ensure you choose the correct line item to use in your method.

Did you know? Argus Tips and Tricks

Did you know that to use shortcuts for accessing any of the drop down menus in Argus, you may click the “Alt” key and then the highlighted letter for each Menu (for example, “Alt + T” to access the “Tenant” dropdown menu).  Using the keyboard instead of your mouse will increase the speed at which you are able to complete any model.

Did you know? Argus Tips and Tricks

Did you know that the % rent offset under the reimbursement methods must be modeled as a percentage. It cannot be entered as a dollar amount. If your source data contains only a dollar amount, the percentage must be manually calculated before being entered into Argus.

Did you know? Argus Tips & Tricks

Did you know that ARGUS cannot calculate an annual cap any differently than a cumulative cap? The calculations are always cumulative in ARGUS.

Argus Limitation #5: Cannot Print Reports using Reporting Packages

Tenant Reimbursement Detail and Input Assumptions reports are not available for Reporting Packages.

WORKAROUND: Print each individual report for each property.  Do not use Reporting Packages.

Argus Limitation #4: Comparing Changing Pro Rata Shares

You cannot compare PRS or changing PRS.  Also, you  cannot detail occupied minimums for PRS.

WORKAROUND: PRS must be fixed or must calculate naturally.  In order to adjust a fixed PRS the space must be reabsorbed and a new reimbursement method is applied.