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- Property Valuation System
- Frequently asked questions
Questions, answered
Answers about setting up unit, lease and comparable evidence.
Property Valuation System
9 questions
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How do I get started?
Click Get started, then use Proto to configure Property Valuation System for your business. Begin with one property, its units and leases, one comparable sale and a reviewed adjustment.
What is the subject of a valuation?
The adjustment identifies a unit. The comparable connects to a lease, which provides the operating context for the sale evidence.
What should a comparable record contain?
Record its property address, sale date, price, area and source reference. Check the lease link before using it for an adjustment.
How is price per square foot read?
Read it beside the original sale price and area. Agree an area unit before comparing sales.
Who reviews an adjustment?
Valuation Reviewer examines the chosen unit and comparable, the reason, the amount and the resulting adjusted value.
Can a lease be reviewed before it is active?
Yes. A lease in Review gives Lease Reviewer the unit and tenant context for the activation decision.
How are tenant receipts applied?
Receipt Officer checks the bank reference and confirms the receipt. Receipt processing matches a posted charge through its lease tenant, caps the amount at both remaining balances and records one allocation for the officer to check.
Where can I see unresolved unit work?
Service Work Board shows open and assigned service requests with their unit and responsible person.
What should I check before sharing a value?
Trace the adjustment to the unit, comparable source, sale price, reason, amount and reviewer. Read the adjusted value with those facts.
Set up Property Valuation System your way.
Start free, then use Proto to change fields, steps and approvals before your team goes live.