How to Convert your Argus Model
- Open Argus and navigate to the Base Scenario
- Select the Property you would like to convert.
- Within the Argus Ribbon, click the dropdown at "Export Properties" and select "Export Argus Enterprise Property Asset File".
- You will then need to save your Argus file to your computer’s desktop.
- Go to the U-Rite dashboard's import page.
- Choose or drag the ARGUS Enterprise file and press convert. This will produce a fully populated U-Rite inputs page based off the ARGUS Enterprise assumptions which the user can then work from directly in Excel.
How to Convert and Compare Argus Model with Cash Flow
In addition to the steps above, users can supply the Argus Property Cash Flow to compare with U-Rite calculated Cash Flow. To perform this comparison,
- Open Argus and navigate to the Property you which to convert.
- Navigate to the Property Reports and select Cash Flow.
- Increase the Level of Detail to "Show Tenant + Expense/Revenue Lines", set the calculation period to Monthly and remove all totals from the modeling policies (Final Total and Annual Totals).
- Within the Argus Ribbon, Select Export under the Report section and choose the "Microsoft Excel (XLSX)" option.
- You will need to save this file to your computer's Desktop. Be sure to save the file with the property name as well as the words "Cash Flow" in the file name.
- Now when converting the Argus file within the U-Rite Dashboard, also select the Cash Flow Excel file and click Convert. This will copy the Argus Cash Flow numbers into the U-Rite file and create a worksheet that contains a comparison between U-Rite and Argus Cash Flow numbers. On initial open, you will need to run a calculation to see the U-Rite Cash Flow numbers populate.
Troubleshooting
- If you face issues converting your file. Please try to export the Argus File as version 14.2 and try again. This can be done at Step 3 of "How to Convert your Argus Model" by selecting the version of the file before exporting it.