Product User Manual ARGUS Enterprise 11.6.0 Product User Manual ARGUS Enterprise 11.6.0 4/10/2017 ARGUS Software – An Altus Group Company Product User Manual ARGUS Enterprise 11.6.0 Product User Manual ARGUS Enterprise 11.6.0 4/10/2017 Published by: ARGUS Software, Inc. 750 Town and Country Blvd Suite 800 Houston, TX 77024 Telephone (713) 621-4343 Facsimile (713) 621-2787 www.argussoftware.com Information in this document is subject to change without notice and represents no commitment on the part of ARGUS Software, Inc. This document is copyright 2017, ARGUS Software, Inc. All rights reserved. This document is confidential and proprietary information of ARGUS Software, made available only under a license agreement and or other agreements containing obligations of confidentiality. "ARGUS" and “ARGUS Enterprise” are trademarks of ARGUS Software, Inc. All other trademarks and registered trademarks are property of their respective companies. Product User Manual ARGUS Enterprise 11.6.0 Contents ARGUS Enterprise: Welcome ......................................................................................................................................... 2 Legal Notice ............................................................................................................................................................... 3 System Requirements .................................................................................................................................................... 4 Questions about ARGUS Enterprise? ............................................................................................................................. 5 How to get help ......................................................................................................................................................... 5 On Screen Help .......................................................................................................................................................... 5 ARGUS Technical Support ......................................................................................................................................... 5 Hours of Operation ................................................................................................................................................... 5 ARGUS Training ......................................................................................................................................................... 6 Getting Started: View, Edit and Navigate ...................................................................................................................... 7 Access ........................................................................................................................................................................ 7 Modules ................................................................................................................................................................ 7 Context Sensitive Help .............................................................................................................................................. 7 Help Menu - Search Tips ....................................................................................................................................... 7 Customer Feedback ................................................................................................................................................... 8 Dynamic Ribbon(s) .................................................................................................................................................... 8 Expand/Minimize Ribbons .................................................................................................................................... 8 Home Ribbon ........................................................................................................................................................ 9 View Ribbon .......................................................................................................................................................... 9 Audit Ribbon ......................................................................................................................................................... 9 Report Ribbon ..................................................................................................................................................... 10 Shortcut Keys ............................................................................................................................................................... 11 Revealing Shortcuts ................................................................................................................................................. 11 Properties Grid ........................................................................................................................................................ 11 Property Editor ........................................................................................................................................................ 12 Ribbons and Grids ............................................................................................................................................... 12 Report Tabs ......................................................................................................................................................... 13 Input Tabs ........................................................................................................................................................... 13 Investment Structures ............................................................................................................................................. 14 Ribbon ................................................................................................................................................................. 14 Product User Manual ARGUS Enterprise 11.6.0 Input Grids .......................................................................................................................................................... 14 Quick Start Keyboard Commands ................................................................................................................................ 15 Clipboard ................................................................................................................................................................. 15 Data ......................................................................................................................................................................... 15 General .................................................................................................................................................................... 15 Printing/Exporting Reports .......................................................................................................................................... 16 Print Preview Window ............................................................................................................................................. 16 Valuation-Cashflow ...................................................................................................................................................... 17 Property Description.................................................................................................................................................... 17 Purpose ................................................................................................................................................................... 17 General Information ........................................................................................................................................... 17 Analysis ............................................................................................................................................................... 18 Timing ................................................................................................................................................................. 19 Currency and Measurement ............................................................................................................................... 19 Property Location ........................................................................................................................................................ 21 Purpose ................................................................................................................................................................... 21 Address ............................................................................................................................................................... 21 Additional Property Information ................................................................................................................................. 22 Purpose ................................................................................................................................................................... 22 Additional Property Information ........................................................................................................................ 22 Comments ........................................................................................................................................................... 22 Area Measures ............................................................................................................................................................. 23 Purpose ................................................................................................................................................................... 23 General................................................................................................................................................................ 23 Rentable Area ..................................................................................................................................................... 23 Occupied Area ..................................................................................................................................................... 24 Area Measure (Details)............................................................................................................................................ 24 Name ................................................................................................................................................................... 24 Rentable Area ..................................................................................................................................................... 24 Occupied Area ..................................................................................................................................................... 25 Charts of Accounts ....................................................................................................................................................... 26 Purpose ................................................................................................................................................................... 26 Parameters .......................................................................................................................................................... 26 Product User Manual ARGUS Enterprise 11.6.0 Functions ............................................................................................................................................................. 26 Chart of Accounts Structure .................................................................................................................................... 26 Open Chart of Accounts ...................................................................................................................................... 26 Create New Chart of Accounts ............................................................................................................................ 27 Import Chart of Accounts .................................................................................................................................... 28 Add Account ........................................................................................................................................................ 31 Delete Accounts from a Chart of Accounts ......................................................................................................... 32 Map Accounts to Reports ................................................................................................................................... 32 Exporting Charts of Accounts .............................................................................................................................. 32 Check In/Out Chart ............................................................................................................................................. 33 Linking a Chart of Accounts to a Portfolio .......................................................................................................... 33 Budgeting and Actuals ................................................................................................................................................. 34 Purpose ................................................................................................................................................................... 34 Occupancy Rates ................................................................................................................................................. 34 Highlight Rows/Cells ........................................................................................................................................... 34 Actuals ..................................................................................................................................................................... 34 Budget ..................................................................................................................................................................... 36 Current Budget / Reforecasting .......................................................................................................................... 37 Budget View ............................................................................................................................................................ 37 Budget Tools ............................................................................................................................................................ 37 Top Grid .............................................................................................................................................................. 38 Timeframe ........................................................................................................................................................... 38 Entry Functions ................................................................................................................................................... 38 Budget Grid ............................................................................................................................................................. 39 Details View ............................................................................................................................................................. 40 Classifications .............................................................................................................................................................. 42 Purpose ................................................................................................................................................................... 42 Market Inflation ........................................................................................................................................................... 43 Purpose ................................................................................................................................................................... 43 Inflation Indices ........................................................................................................................................................... 45 Purpose ................................................................................................................................................................... 45 General Vacancy .......................................................................................................................................................... 47 Purpose ................................................................................................................................................................... 47 Product User Manual ARGUS Enterprise 11.6.0 Tenants to override ............................................................................................................................................. 49 Credit Loss ................................................................................................................................................................... 51 Purpose ................................................................................................................................................................... 51 Tenants to Override Grid .................................................................................................................................... 51 Market Leasing Profiles ............................................................................................................................................... 53 Purpose ................................................................................................................................................................... 53 Rules ........................................................................................................................................................................ 53 Importing Market Leasing Profiles .......................................................................................................................... 53 Importing from Valuation DCF ............................................................................................................................ 53 Creating a Market Leasing Profile ........................................................................................................................... 54 Name ................................................................................................................................................................... 54 General................................................................................................................................................................ 54 Base Rent (/Area) ................................................................................................................................................ 55 Intelligent Renewals ............................................................................................................................................ 56 Rent Increases ..................................................................................................................................................... 57 Rental Value ........................................................................................................................................................ 59 Free Rent (Mo) .................................................................................................................................................... 59 Recoveries ........................................................................................................................................................... 60 Miscellaneous Items ........................................................................................................................................... 61 Improvements ..................................................................................................................................................... 61 Leasing Commissions .......................................................................................................................................... 63 Security Deposit .................................................................................................................................................. 64 Upon Expiration .................................................................................................................................................. 65 Free Rent Profiles ........................................................................................................................................................ 65 Purpose ................................................................................................................................................................... 65 General................................................................................................................................................................ 65 # Free Months ..................................................................................................................................................... 65 Elements to Include ............................................................................................................................................ 66 CPI Increases ................................................................................................................................................................ 67 Purpose ................................................................................................................................................................... 67 CPI ....................................................................................................................................................................... 67 First Increase ....................................................................................................................................................... 68 Further Increases ................................................................................................................................................ 69 Product User Manual ARGUS Enterprise 11.6.0 CPI Amount ......................................................................................................................................................... 69 Tenant Improvements ................................................................................................................................................. 70 Purpose ................................................................................................................................................................... 70 General................................................................................................................................................................ 70 Improvements ..................................................................................................................................................... 70 Lease Commission Categories ..................................................................................................................................... 72 Purpose ................................................................................................................................................................... 72 General................................................................................................................................................................ 72 Commissions ....................................................................................................................................................... 72 Elements to Include ............................................................................................................................................ 74 Multifamily Market Leasing Profiles ............................................................................................................................ 75 Name ................................................................................................................................................................... 75 General................................................................................................................................................................ 75 Market Rent ........................................................................................................................................................ 75 Intelligent Renewals ............................................................................................................................................ 77 Improvements ..................................................................................................................................................... 77 Commissions ....................................................................................................................................................... 78 Security Deposit .................................................................................................................................................. 78 Market Rent Components ........................................................................................................................................... 80 Purpose ................................................................................................................................................................... 80 General................................................................................................................................................................ 80 Elements to Include ............................................................................................................................................ 80 Ranges ......................................................................................................................................................................... 81 Purpose ................................................................................................................................................................... 81 Rental Value Groups .................................................................................................................................................... 82 Purpose ................................................................................................................................................................... 82 Name ................................................................................................................................................................... 82 Rental Value ........................................................................................................................................................ 82 Miscellaneous Revenues ............................................................................................................................................. 83 Purpose ................................................................................................................................................................... 83 General ............................................................................................................................................................... 84 Amount ............................................................................................................................................................... 84 Timing ................................................................................................................................................................. 87 Product User Manual ARGUS Enterprise 11.6.0 Inflation .............................................................................................................................................................. 89 GAAP ................................................................................................................................................................... 89 Limits .................................................................................................................................................................. 89 Usage .................................................................................................................................................................. 90 Capitalization Valuation ..................................................................................................................................... 90 Notes................................................................................................................................................................... 91 Parking Revenues ........................................................................................................................................................ 92 Purpose ................................................................................................................................................................... 92 General................................................................................................................................................................ 92 Amount ............................................................................................................................................................... 92 Timing ................................................................................................................................................................. 95 Inflation ............................................................................................................................................................... 96 Limits ................................................................................................................................................................... 96 Usage .................................................................................................................................................................. 97 Capitalization Valuation ...................................................................................................................................... 97 Notes ................................................................................................................................................................... 98 Storage Revenues ........................................................................................................................................................ 99 Purpose ................................................................................................................................................................... 99 General................................................................................................................................................................ 99 Amount ............................................................................................................................................................. 100 Timing ............................................................................................................................................................... 101 Inflation ............................................................................................................................................................. 102 Limits ................................................................................................................................................................. 103 Usage ................................................................................................................................................................ 104 Capitalization Valuation .................................................................................................................................... 104 Notes ................................................................................................................................................................. 105 Hotel Rooms .............................................................................................................................................................. 106 Purpose ................................................................................................................................................................. 106 Hotels: Departmental Revenues ................................................................................................................................ 107 Purpose ................................................................................................................................................................. 107 General.............................................................................................................................................................. 107 Amount ............................................................................................................................................................. 107 Timing ............................................................................................................................................................... 109 Product User Manual ARGUS Enterprise 11.6.0 Inflation ............................................................................................................................................................. 110 Limits ................................................................................................................................................................. 110 Usage ................................................................................................................................................................ 111 Notes ................................................................................................................................................................. 111 Groups............................................................................................................................................................... 111 Hotels: Parking Revenues .......................................................................................................................................... 112 Revenue................................................................................................................................................................. 112 General.............................................................................................................................................................. 112 Amount ............................................................................................................................................................. 112 Timing ............................................................................................................................................................... 114 Inflation ............................................................................................................................................................. 116 Limits ................................................................................................................................................................. 116 Usage ................................................................................................................................................................ 117 Notes ................................................................................................................................................................. 117 Groups............................................................................................................................................................... 118 Operating Expenses ................................................................................................................................................... 119 Purpose ................................................................................................................................................................. 119 General.............................................................................................................................................................. 119 Amount ............................................................................................................................................................. 119 Apply to Tenants ............................................................................................................................................... 123 Timing ............................................................................................................................................................... 123 Inflation ............................................................................................................................................................. 126 Limits ................................................................................................................................................................. 126 Usage ................................................................................................................................................................ 127 Capitalization Valuation .................................................................................................................................... 127 Notes ................................................................................................................................................................. 127 Groups (Hotels) ................................................................................................................................................. 127 Non-Operating Expenses ........................................................................................................................................... 128 Purpose ................................................................................................................................................................. 128 General.............................................................................................................................................................. 128 Amount ............................................................................................................................................................. 129 Timing ............................................................................................................................................................... 131 Inflation ............................................................................................................................................................. 132 Product User Manual ARGUS Enterprise 11.6.0 Limits ................................................................................................................................................................. 133 Usage ................................................................................................................................................................ 133 Notes ................................................................................................................................................................. 134 Groups (Hotels) ................................................................................................................................................. 134 Capital Expenses ........................................................................................................................................................ 135 Purpose ................................................................................................................................................................. 135 General.............................................................................................................................................................. 135 Amount ............................................................................................................................................................. 135 Apply to Tenants ............................................................................................................................................... 138 Traditional Valuation ........................................................................................................................................ 138 Timing ............................................................................................................................................................... 138 Inflation ............................................................................................................................................................. 141 Amortization ..................................................................................................................................................... 141 Limits ................................................................................................................................................................. 142 Usage ................................................................................................................................................................ 142 Capitalization Valuation .................................................................................................................................... 143 Notes ................................................................................................................................................................. 143 Groups............................................................................................................................................................... 143 Expense Groups ......................................................................................................................................................... 144 Purpose ................................................................................................................................................................. 144 Excluded Expenses (Unlabeled) ........................................................................................................................ 145 Included Expenses (Unlabeled) ......................................................................................................................... 145 Hide Detail ........................................................................................................................................................ 146 Hotels: Operating Expenses ....................................................................................................................................... 147 Purpose ................................................................................................................................................................. 147 General.............................................................................................................................................................. 147 Amount ............................................................................................................................................................. 147 Timing ............................................................................................................................................................... 149 Inflation ............................................................................................................................................................. 149 Limits ................................................................................................................................................................. 149 Usage ................................................................................................................................................................ 150 Groups............................................................................................................................................................... 150 Hotels: Non-Operating Expenses ............................................................................................................................... 151
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