Underwrite any multifamily deal in minutes, not hours.

relea turns any listing, PDF, or address into a complete investor-grade financial model: rent roll, NOI, cap rate, cash-on-cash, DSCR, CapEx, risks. Automatically. So you evaluate more deals, spot winners faster, and show up first with a credible offer.

Try it free → See it in action

Built by a real estate investor who underwrites deals every week. Designed with input from investors, brokers, lenders, underwriters, and syndicators from across the nation.

relea.ai/properties/ 15-w-maplewood-ave

Cap rate · pro forma

6.8%

+2.1 vs market

blind-spot scan

Utility responsibility
Tax reset risk
CapEx from age
Market rent gap…

Now shipping

releaRent smart estimate

A better way to estimate market rent

releaRent, our proprietary model for estimating current market rent. It now powers the default rental estimate in every analysis: denser live inventory, comps that match the unit, and a transparent rent distribution instead of one unexplained number.

Live inventory density Multiple nationwide rental sources, normalized and deduplicated into a denser local comp set.
Comps that match the unit Beds, baths, property class, size, and distance. A studio does not quietly anchor a one-bedroom estimate.
A distribution, not a guess Median estimate with a clear p25–p75 range and the evidence count behind it.

Try it free → More about releaRent

The reality

If you've ever passed on a deal because you didn't have time to run the numbers, this is for you.

2–4hrs

Per deal, every time

Copy from PDFs. Look up taxes. Pull rental comps. Build the cash flow model from scratch. Then do it again on the next one.

Deals screened per winner

Most investors kiss a lot of frogs. Which means the math you hate doing is the math you have to do the most.

24hr

Your offer is already late

In today's market, the investor who responds first with a credible offer wins. Slow underwriting is a tax on your deal flow.

The real cost isn't your time. It's the deals you never got to.

How it works

Four steps. Minutes, not hours.

01 / INGEST

Drop it in.

Paste a Redfin, Zillow, or Crexi URL, upload an OM PDF, or type listing text or an address.

02 / ANALYZE

relea does the gathering.

It scrapes the listing, reads the OM and rent roll, looks up county assessor records for taxes and year built, estimates market rent with releaRent from live comps, and sources vacancy rates from Census data for that specific neighborhood. All in the background, with no copy-pasting from 4–5 different tabs.

03 / MODEL

Full financials, ready.

Rent roll, NOI, cap rate, cash-on-cash, DSCR, GRM, CapEx schedule, hold period IRR, and a risk + due-diligence checklist, all generated.

04 / REFINE

Edit anything, instantly.

Change price, rate, vacancy, rents: every dependent metric recalculates live and the updated figures flash so you see exactly what moved. Changed your mind? Undo with one press (Cmd/Ctrl+Z). Drop in an inspection report, CapEx updates.

Where the numbers come from

Not estimates. Actual data.

Every number relea puts in your model is sourced from a real, identifiable place, not a default assumption. Here's what's being gathered automatically while you wait.

Listing & offering memorandum

Address, unit mix, asking price, rent roll, expenses, and any documents attached, extracted automatically from the URL or PDF you provide.

County assessor records

Current assessed value, tax bill, year built, and property classification, looked up automatically for every deal to model tax reset risk and property-age-based CapEx.

releaRent

releaRent, our proprietary market-rent model, builds a current local comp set from multiple nationwide rental-inventory sources, then normalizes, deduplicates, and filters those listings into a defensible rent distribution for each unit type.

U.S. Census vacancy data

Vacancy rate at the census-tract level, not a flat 5% default. Your income model uses the actual rental vacancy for that specific neighborhood, which can swing your NOI by thousands per year.

Your own inputs & inspection reports

Drop in an inspection report, override any assumption, or adjust a comp. Every edit is tracked, so you always know what came from data and what came from you.

Live interest rate benchmarks

Current 30-year and ARM benchmarks to anchor your financing assumptions, so your DSCR and cash-on-cash reflect today's lending environment, not a number you forgot to update.

This is what "Tech-powered, modern underwriting" actually means: your spreadsheet took inputs you had to gather manually from 4–5 different sources. relea gathers them all automatically for you.

Blind-spot scanner

The details that separate winners from money pits.

Every deal has a handful of items that quietly decide whether you make money. Most aren't in the pitch. relea reads every page of every document, cross-references against known risks, and surfaces what the listing won't tell you.

Depth, not fluff

Everything you need to run the numbers, all in one place.

A · Pipeline

Your whole pipeline, on a map.

Searchable, filterable dashboard with a map view. Favorite the winners. Filter by neighborhood class, price, cap rate, cash flow, property type. Color the map pins by the metric you care about (composite score, cap rate, cash flow, or hold-period IRR) and spot your best markets at a glance.

B · Model

The complete financial model.

Rent roll with market comps per unit type. Current vs. pro forma income and expenses. NOI, cap rate, cash-on-cash, DSCR, GRM, price per unit/sqft. A risk register ranked by severity, from critical to low. What-if scenarios update live as you type, with one-press undo if you change your mind.

C · Risks

The risks that sink deals, sorted by severity.

relea reads every document and cross-references known failure modes to build a property-specific risk register: tax reset, insurability, aging systems, zoning and use, market exposure, and more. We recently taught relea to score each risk by severity (critical, high, medium, or low) and visually group them, so the deal-killers rise to the top instead of hiding in a flat list. The same severity carries through to your PDF and Excel exports.

Top risks card: identified risk factors grouped and labeled by severity (critical, high, medium, low)

D · Returns

Model the whole hold, not just year one.

Dial in hold period, appreciation rate, rent and expense growth, and selling costs. relea builds year-by-year projections (capital structure, cash flows, and exit proceeds), then solves for levered IRR and equity multiple on your total equity investment.

Hold period return: IRR, equity multiple, and capital structure chart by year

E · Provenance

Every number shows its source.

Hover any value to see whether it came from the listing, the OM, the county assessor, releaRent, U.S. Census, an inspection report, or your own edit. You know exactly what drove every number, and you can change any of them.

F · Brokers

Share, collaborate, present.

Share any deal by email with view or edit permissions. Everyone with access works on the same live listing in real time: change an assumption and every collaborator sees the model recalculate, no emailing spreadsheets back and forth. Shared listings show a "Your Agent" card with your headshot, brokerage logo, and contact info, and you can export branded PDFs and Excel reports with your logo and disclaimer attached.

Shared listing with a Your Agent card and real-time collaborative editing for everyone with access

G · Teams

Give your org (or your clients) relea access.

Team and organization accounts work just like individual accounts: same underwriting, sharing, and exports. You get centralized billing, seat management, and a volume discount as you grow. Perfect for brokerages provisioning seats for agents or clients.

Billable seats	Discount	Plus / seat	Pro / seat
1–4	List	$49/mo	$149/mo
5–9	15% off	~$42/mo	~$127/mo
10–24	25% off	~$37/mo	~$112/mo
25+	35% / custom	~$32/mo	~$97/mo

Talk about a team account →

Team license settings: org billing access, open seats, and invite teammates

Where relea fits

ARGUS-level depth.
DealCheck-level simplicity.

Most tools make you pick a trade-off. Cheap but shallow. Powerful but painful. A generalist chatbot that still makes you do the gathering. relea was built to close these gaps, with AI doing the grunt work so the depth feels effortless.

Capability	DealCheck	BP Calc	Excel	ChatGPT	ARGUS	relea
Auto-ingest from listing URL	-	-	-	Paste	-	✓
Reads OMs and rent rolls	-	-	-	Partial	-	✓
County tax records lookup	-	-	Manual	-	-	Auto
releaRent market rent per unit	-	-	-	-	-	✓
Census-sourced vacancy	-	-	-	-	-	✓
CapEx flagged from property age	-	-	DIY	Ask	-	✓
Deterministic, auditable math	✓	✓	✓	LLM	✓	✓
Hold period IRR & exit proceeds	✓	✓	DIY	-	✓	✓
Portfolio + map dashboard	Basic	-	-	-	Limited	✓
Shared branded exports	Basic	Basic	-	-	✓	✓
Collaborative editing	-	-	-	-	-	✓
Saved search alerts	-	-	-	-	-	✓

The AI question

"But I already use ChatGPT for underwriting. Why do I need this?"

Good question. It tells us you already understand what AI can do for this workflow, which puts you ahead of 90% of the market. Here's why relea is different from prompting a chatbot, and why the gap is going to widen.

A chatbot can't go get the data.

It can't visit the listing page, download the OM, look up county assessor records, pull live rental comps for releaRent, or pull Census vacancy for that census tract. You still have to gather all of that manually and paste it in. relea does all of it automatically from a single URL or PDF. That's 4–5 sources you never have to open.

The math has to actually be math.

When a chatbot computes your NOI or DSCR, it's doing arithmetic inside a language model, which is famously unreliable. relea uses AI for what it's good at (reading, extracting) and uses deterministic code for what matters: the financial calculations.

A chat transcript isn't a workflow.

Change the asking price and you're re-prompting, hoping the model remembers your assumptions. In relea, you edit a value and every dependent metric recalculates instantly. Deals are saved, searchable, alertable, shareable.

The chatbot has your blind spots.

A general AI only checks what you ask it to check. If you don't know to ask about cast-iron sewer lines in a 1960s building, it won't mention them. relea's analysis framework was built by a multifamily operator who's been burned by these exact issues.

ChatGPT is a brilliant generalist. relea is the specialist.

Pricing

Try it free. Upgrade only when we earn it.

Underwrite three deals on the house, no card required. Launch offer: 25% off Plus or Pro with code LAUNCH25 at checkout. Move up once you've seen what relea can do on your deals.

Free

To try relea on real deals

3 listings · lifetime cap

3 full underwrites, yours to keep
Full read & edit on every listing
No credit card required

Start free

★ Most popular

Plus

$49 $36.75/mo

Launch offer · 25% off with LAUNCH25

Billed monthly

Save $88.50/yr with annual

25 new listings / month

25 new listings every billing period
Listing packs whenever you need more
Full read & edit on every listing

Get started

Power users

Pro

$149 $111.75/mo

Launch offer · 25% off with LAUNCH25

Billed monthly

Save $268.50/yr with annual

150 new listings / month

Everything in Plus, plus:

150 new listings every billing period
Email alerts & bulk import
Larger listing packs

Get started

No credit card to start · enter LAUNCH25 at checkout for 25% off · change or cancel anytime

Questions

Frequently asked.

How is relea more accurate than a spreadsheet or the BiggerPockets calculator?

Spreadsheets and simple calculators use whatever vacancy rate, market rent, and expense assumptions you type in, which means their accuracy is bounded by how much research you did before opening the file. relea replaces those manual lookup steps with real data: Census vacancy for the actual neighborhood, market rent from releaRent, and county assessor records for taxes and year built. The result is a first-pass model that's grounded in actual conditions, not a blank template with defaults you haven't second-guessed.

What kinds of properties does relea handle?

Rental real estate is where we shine. The platform handles mixed-use, small and large multifamily, single family homes, and residential investment properties. We're actively expanding into other other asset classes such as commercial and NNN properties.

Do I have to connect or install anything?

No. relea runs in your browser. Paste a Redfin, Zillow, or Crexi URL, upload an OM PDF, or type listing text or an address. That's it.

How accurate is relea?

relea is fast and thorough, and it shows its work. Every number has a source you can inspect, and you can override anything. relea uses AI for what AI is good at (reading documents, extracting data) and deterministic code for what matters (the financial calculations). Your NOI, cap rate, and DSCR are computed, not generated.

I already use ChatGPT - why do I need relea?

A chatbot can't go get the data for you (listing pages, OMs, county records, rental comps). relea's math is deterministic code, not LLM arithmetic. Edit any assumption and every metric recalculates instantly. And relea systematically checks for the blind spots a chatbot only finds if you think to ask.

What data does relea use?

The listing itself, any documents you provide (OM, rent roll, inspection report), public county assessor records (taxes, year built), live rental inventory analyzed by releaRent, U.S. Census vacancy data at the census-tract level, and current interest rate benchmarks. Your deals stay private to you and your invited collaborators.

Is relea a replacement for my broker or CPA?

No. relea is a decision-support tool that helps you evaluate deals faster and more consistently. The final call is still yours, and we recommend professional review before making an offer.

Can I collaborate with partners or clients?

Yes. Share any deal by email with view or edit permissions. Invitees can create an account and jump right in. Brokers can share with their branding applied, have clients adjust assumptions live on the same property page, and export PDF and Excel reports.

What does it cost?

Start free with three lifetime listings and no credit card. Plus is $49/mo (25 new listings per month) and Pro is $149/mo (150 new listings per month). Pay annually and save about 20% versus twelve monthly payments. Use code LAUNCH25 at checkout for 25% off launch pricing. See Pricing for details.

What's the difference between Plus and Pro?

Plus covers most individual investors and brokers with 25 new listings per month and listing packs when you need more. Pro is for customers who want a more scalable workflow and higher underwriting capacity: 150 new listings per month, larger packs, plus email alerts and bulk import.

Do you offer team or organization accounts?

Yes. Team accounts give your organization or clients the same relea experience with shared billing and seat management. Volume discounts start at five seats (15% off), then 25% at 10–24 seats and 35% (or custom) at 25+. Talk to us about a team account.