Creating a New Model in U-Rite
Creating a New Model in U-Rite
New users often open the U-Rite platform unsure of how to begin building a model or where the setup process starts. Creating a model is the foundation of every underwriting workflow in U-Rite, and understanding the initial steps ensures your file is structured correctly from the beginning.
How to Create a New Model
Step 1: Log Into the U-Rite Excel Add-In
- Open Excel.
- Ensure the U-Rite Add-In is active.
- Sign in to your account if prompted.
Step 2: Navigate to the Property Inputs Ribbon
- Go to the Property Inputs ribbon.
- Create a new model.
Each new model automatically includes all required:
- Input sheets
- Templates
- Calculation tabs
These are preconfigured to support underwriting workflows.
Configuring Core Model Components
Once the foundational inputs are available, proceed to configure the main components of your model:
-
Rent Roll
Add tenants, leases, and space details. -
Operating Expenses
Define recoverable and non-recoverable expenses. -
Revenues & Recoveries
Enter rent steps, reimbursements, and miscellaneous income. -
Debt
Add loan terms, interest-only periods, and amortization details.
Review and Validation
After entering the required data:
- Review the automatically generated cash flow outputs.
- Confirm that your assumptions are flowing through correctly.
- Address any warnings flagged by U-Rite’s built-in validation checks, which highlight:
- Missing inputs
- Inconsistent assumptions
These checks help ensure your model is complete and structurally sound.
Need Help?
If you encounter issues during setup or have questions about required inputs, contact:
Support can assist with troubleshooting, guidance, or additional training.