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Overview of Advanced Estimating Scenarios

13 minPRO
1/6

Key Takeaways

  • Advanced scenarios need modified approaches for limited access and damaged properties.
  • Portfolio tiered screening evaluates 20-30 properties monthly.
  • Cognitive biases systematically skew estimates downward.
  • Structured processes and historical data counter bias.
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Test Your Knowledge

1.What cognitive bias causes investors to systematically underestimate renovation costs?

2.How many properties can a portfolio tiered screening system evaluate monthly?