About AVA

The Aqueous Valuation Algorithm (AVA) is cutting-edge software that illuminates the current and future value and income of multifamily commercial properties, our first supported property type.  AVA provides these property valuations by first analyzing data from industry sources, sales and rent comps, along with the property’s age, condition, and characteristics.  AVA then generates a property AVAluation using multiple valuation methods.

The following is a history of significant enhancements made to the AVA application on www.AskAVA.net.


May 2022

   - AVAluation methods for Price-Per-Door, Price-Per-Sqft, an overall summary of AVAluations, and navigation improvements

  - New AVAluation method for CAP/NOI provided along with ability to refine property expenses

  - Improvements to Sales and Rent Comps provided for a searched property

 - Improved accuracy showing a property Street View

  - Bug fixes and responsive small screen styling improvement


March, 2022

- Upgraded algorithms for determining Sales Comps of a searched multifamily property

- Improvements to Rent Comps page to show the calculated average market rents by unit type

- Improved Reset Refined Data feature for Comps

- PDF Document Generation improvements 

- Price-per-Sqft values added along with Price-per-Door

- User Account menu allowing quick access to Website Account functions, FAQ/Support page

- Miscellaneous bug fixes and improvements

- Response styling for small screens

- Accessibility support


January 26, 2022 

- AVA v1.0 launched with the www.AskAVA.net website.

Aqueous Asset Inc. is a fintech company that designs and engineers technology-based solutions and services for the real estate industry.   Their first product release is AVA, short for Aqueous Valuation Algorithm, a software suite that provides comprehensive, accurate, and interactive valuations of commercial real estate properties in seconds.

AVA leverages cutting-edge technology to determine a comprehensive valuation on a multifamily property in seconds. In her first release, AVA provides you with real time property valuations for multifamily properties with valuations on many other commercial property types in the future. AVA’s proprietary algorithms input and analyze data from many industry sources, including data on the property’s age, condition, characteristics and the area in which the property resides. AVA can also factor in area growth trends and information provided by property owners or their representatives.


AVAluations are AVA algorithms that provide valuations for your property using different standard CRE industry and other innovative methods.   AVA provides AVAluations using 5 methods and calculates an overall weighted average AVAluation.


AVA supports multifamily properties across the entire Unites States.  However, 13 states are not supported because they are "Non-Disclosure" states where the needed public property data is not generally available.  Currently, the excluded states include: Missouri, North Dakota, Texas, Utah, Alaska, Kansas, Idaho, Louisiana, Mississippi, Montana, New Mexico, Wyoming, and Hawaii.


We hope to further improve this area in the future to exclude not at the state level but at the individual county level.

AVA’s software suite enables users to make smarter, quicker, data-driven decisions including how to deploy capital for new investments or to plan property renovations.

All AVA needs is an address of a commercial property type she supports. When entering a property address, a list of addresses is displayed that matches the information provided. You pick the correct address from the list, and AVA runs is valuation process.  If AVA cannot determine that the address is a supported property type, a message will indicate so.

AVA will soon deliver an iOS-based Mobile App to the Apple App Store.  You can also access AVA via web browsers on mobile devices. 

Your information is personal to you and not visible by other customers. This includes each address you enter and receive an AVAluation for. If two customers generate an AVAluation for the same property address, each user has his or her copy of the data generated.

AVA ensures the security of all data at multiple levels spanning data encryption during data transit to our servers, encryption when stored in our database, full logon security and controls to provide private safe access. AVA servers and databases sit behind multiple firewalls and security protections. There are real time security checks on our ecommerce system, and we do not store any payment information.

No, we do not sell any information to third parties.  Your data is protected at all levels.

At your initial registration on our platform, to establish your account, we ask for your name, selected password, email address, phone number and mailing address. A payment method and industry affiliation completes the registration. 

 

If you need further assistance, call AVA at 1-310-254-3599, or email your question and full contact information to support@askava.net



AVA Basics

AVA provides AVAluations using 5 methods to calculate a property's worth including:

  1.  using Gross Rent Multiplier (GRM) evaluating the revenue of the property across 3 categories of rents (legacy, stabilized, and maximum)
  2.  a Price-Per-Door method analyzing sale prices of comparable properties in relation to the number of units or doors
  3. ,a Price-Per-SqFt method analyzing sales prices of comparable properties in relation to the buildings square footage 
  4. a CAP/NOI factoring in estimated Net Operating Income and the area's CAP rate
  5. and a Market Growth method that takes a properties more recent sale price and uplifts the value based on historical changes in property rents quarter by quarter in the area of your building

 

Using the above five valuation methods, AVA determines a single weighted average AVAluation.  You can refine these AVAluations and choose which are used to calculate the overall weighted average.     

 

 

Yes, AVA provides a comprehensive set of Sales Comps as part of her valuation.  AVA invites you to review all the comps she provides and edit them if needed – removing and adding comps based on your knowledge of their relevancy to your property’s characteristics and location.  These features are available to you when you purchase a subscription of AVA.

Yes, AVA identifies the market rates for apartment rentals in the area and then calculates averages that are reflected in AVA’s valuations – called AVAluations. This data can also help you understand what the market rents are in comparison to the rents on the property you are inquiring about. If there are no comparable rental properties in the area, AVA is able to estimate the average rents for each unit type. After reviewing the rent comps AVA provides, you can edit them by excluding the comps you believe do not match your property in terms of square footage, rent roll and/or location. These features are available to you when you purchase a subscription of AVA.

AVA can estimate what your multifamily commercial property could be worth over the next ten years. To do that, AVA uses statistically generated, annual change percentages that are derived from historical data for your properties area over the preceding ten years. You are also given the ability to change each of the estimated growth values over the next ten years to fine tune the projections. These features are available to you when you purchase a subscription of AVA.  

AVA enables you to easily export to your computer (via CSV files), the data behind each of your property valuations.  You can leverage this data in your own documents and reports.    You can use the Document Generation feature to output an AVAluation Report in PDF format containing both AVA produced data and your entered property data, a main photo, and your contact information.    Further improvements will continue to be delivered.

AVA currently supports multifamily apartment complexes typically with five units and higher. She also has special support to valuate two-, three- and four-unit apartment buildings. Throughout 2022 - 2023, AVA’s next releases will focus on: mixed-use properties, office buildings, new construction, and other commercial real estate types.

I forgot my password, how can I reset it?

By following these simple steps:

  • On the AskAVA.net home page, click Login.
  • Click, Lost your password?
  • Enter your email address, and request a password reset.
  • You will receive a password reset email in your inbox if the email address you entered  matches an account on the platform. 
  • In that email, click the reset link which brings you back to the website.
  • Once you are verified, enter your new password, and click, Save.
  • Log in with the new password.

 

If you need further assistance, call AVA at 1-310-254-3599, or email your question and full contact information to support@askava.net.

 

By following these simple steps:

  • On the AskAVA.net home page, click Login.
  • Click, Lost your password?
  • Enter your email address, and request a password reset.
  • You will receive a password reset email in your inbox if the email address you entered matches an account on the platform. 
  • In that email, click the reset link which brings you back to the website.
  • Once you are verified, enter your new password, and click, Save.

 

If you need further assistance, call AVA at 1-310-254-3599, or email your question and full contact information to support@askava.net.

 

You can reach AVA support by sending an email to support@askava.net,or by calling 1-310-254-3599 and selecting option 1 for Sales or Option 2 for Technical Support. If you send an email, please provide your contact details and specifics as to your question or issue. A representative will get back to you quickly. On www.AskAVA.net the FAQ page has a form to submit a question or issue to Support and have a ticket opened automatically.  The website’s Contact Us page also provides a form to reach AVA Sales and Customer Support.



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